Important developments have emerged for investors interested in Initial Public Offerings (IPOs) in India. The Securities and Exchange Board of India (SEBI) has granted approval for five companies to launch their IPOs. The companies granted this approval are Afcons Infrastructure, Godavari Biorefineries, Shivalik Engineering, Quadrant Future Tech, and Enviro Infra Engineers. Overview of Approved IPOs ...
In a recent address, Union Finance Minister Nirmala Sitharaman reaffirmed the government’s commitment to implementing bold reforms, even as Prime Minister Narendra Modi’s administration enters its third term. Speaking at News18’s ‘Chaupal’ event, she rejected concerns about how coalition politics might hinder the government’s functioning, emphasizing stability and continuity in governance. GDP Outlook and Economic ...
KRN Heat Exchanger and Refrigeration IPO Details KRN Heat Exchanger and Refrigeration Limited, a Rajasthan-based company, is set to launch its Initial Public Offering (IPO) opening for subscription on September 25. Investors will have the opportunity to subscribe until September 27, and an exclusive one-day window for anchor investors will open on September 24. The ...
Foreign Institutional Investors (FIIs) Boosting Indian Stocks In the midst of fluctuating global markets, the Indian stock market has witnessed an extraordinary surge in interest from foreign institutional investors (FIIs). This month is shaping up to be a standout period, with FIIs registering net purchases of $3.3 billion in Indian shares. Comparatively, last month’s figure ...
BSE Share Price Soars Amid Market Uncertainty The Bombay Stock Exchange (BSE) has witnessed a remarkable surge in its share price despite a generally sluggish market atmosphere. Today, BSE shares experienced a staggering increase of over 19 percent, reaching a record high of ₹3,458.95 during intra-day trading. The shares closed at ₹3,420.00, marking a notable ...
Change in Bank Holidays: Eid-e-Milad Observance in Mumbai The government of Maharashtra has announced a significant change to the public holiday schedule, moving the observance of Eid-e-Milad to September 18, 2024. This decision was made after discussions involving local leaders of the Muslim community, who sought to avoid conflicts with the festivities surrounding Anant Chaturdashi, ...
Update on Brightcom Group Shares Trading Status Current Trading Status: The trading of Brightcom Group shares is presently suspended, but the company is actively working to restore normal trading operations. In a recent investor presentation, Brightcom highlighted ongoing discussions with officials from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to address ...
Gold Rates in India: A Detailed Overview As of today, September 16, 2024, the gold market in India has experienced a slight dip, with gold prices falling by Rs 100 compared to previous rates. This decrease in gold costs sets the price of 24-carat gold at approximately Rs 74,800 for every 10 grams. Meanwhile, silver ...
Exploring a Profitable Side Business: Gift Basket Making In an age where everyone seeks additional sources of income, innovative business ideas can pave the way for financial freedom. One such idea that stands out, especially during festive seasons, is the art of creating gift baskets. This endeavor is not only suitable for women looking to ...
Cross Limited’s IPO: A Strong Investor Buzz Cross Limited’s Initial Public Offering (IPO) has gained considerable attention among investors, with the share listing poised to take place tomorrow, September 16. The company’s public offering, which ran from September 9 to September 11, has been oversubscribed, garnering a total subscription of 16.69 times. This strong demand ...
Bajaj Housing Finance IPO Overview Bajaj Housing Finance has recently launched its Initial Public Offering (IPO), which has garnered an overwhelmingly positive response from investors. With the listing of the company’s shares scheduled for tomorrow, September 16, the excitement surrounding the IPO remains palpable. In the grey market, analysts predict that investors could potentially see ...
MOS Utility Limited Expands Its Horizons with Strategic Acquisition MOS Utility share price: MOS Utility Limited, a prominent player in the fintech industry, has recently made headlines by acquiring a 51 percent stake in Samriddhi Inclusive Growth Network Private Limited. This strategic acquisition aims to bolster its service offerings, which include a variety of fintech ...
IndiGo Flight Disruption: Passengers Stuck for Over Four Hours In another incident causing frustration among travelers, passengers of an IndiGo flight faced significant delays on Sunday, September 15. The flight, which was scheduled to depart from Mumbai to Doha at 3:55 AM, encountered serious technical problems that prevented it from taking off on time. The ...
Investment Surge in Kamdhenu Ventures Overview: Kamdhenu Ventures Limited, a prominent player in the Indian decorative paint segment, has recently attracted significant investment from Foreign Institutional Investors (FIIs). This move highlights the growing confidence in the company’s market potential and its products. Recent Share Acquisition by FIIs According to the National Stock Exchange (NSE) reports, ...
Ambika Cotton Mills Declares Final Dividend for FY 2024 Dividend Announcement: Shareholders of Ambika Cotton Mills, a prominent player in the cotton yarn manufacturing sector, will be pleased to learn that the company has announced a final dividend of Rs 35 per share for the financial year 2024. The record date to determine shareholder eligibility ...
Swiggy’s Upcoming IPO: What You Need to Know Food delivery giant Swiggy Limited is gearing up for a significant milestone as it prepares to file for an Initial Public Offering (IPO). Backed by major investor SoftBank, the company aims to submit its IPO application to the Securities and Exchange Board of India (SEBI) soon. This ...
Introduction The Arkade Developer initial public offering (IPO) is set to open for subscription on September 16, providing an exciting investment opportunity for both retail and institutional investors. With a target of raising ₹410 crore, this IPO comes with an enticing price band of ₹121-128 per share, which is expected to attract considerable attention in ...
Exploring the Role of AI in India’s Financial Institutions According to a recent report by PwC India, an impressive 90% of financial institutions in India are leveraging Artificial Intelligence (AI) technologies, particularly focusing on Generative AI (GenAI). The report, titled ‘Mapping the Fintech Innovation Landscape in India’, highlights the growing importance of data analytics, which ...
Understanding IPOs: Key Considerations for Investors Initial Public Offerings (IPOs) have witnessed significant fluctuations in interest over the years. From a surge from 2004 to 2008, a brief resurgence in 2015, to a renewed wave of enthusiasm since last year, it’s essential for potential investors to approach IPOs with caution. Many individuals dive into IPO ...
JSW Energy Expands Renewable Energy Portfolio with New Wind Power Plant JSW Renew Energy Two Limited, a subsidiary of JSW Energy, has successfully commissioned a new wind power project with a capacity of 300 MW in Tuticorin, Tamil Nadu. This significant development was announced on September 15, 2023, marking a notable step in the company’s ...
