Significant Rise in GST Evasion Cases in FY 2024 The Directorate General of GST Intelligence (DGGI) has uncovered alarming levels of GST evasion in the financial year 2024, with a staggering 6,084 cases totalling a loss of Rs 2.01 lakh crore. This marks a significant increase compared to the previous fiscal year, 2022-23, where the ...
Equitas Small Finance Bank: A Strong Investment Opportunity Shares of Equitas Small Finance Bank (SFB) have been making waves in the market since their listing four years ago. Investors who participated in the initial public offering (IPO) are currently enjoying an impressive profit of 158%. While the stock reached a one-year high in January 2024, ...
Domestic Worker Crisis: Samajwadi Party MLA Accused of Child Labor In a shocking incident that has drawn public outrage, a case has been lodged against Samajwadi Party MLA Zahid Beg and his spouse Seema Beg for allegedly torturing and unlawfully imprisoning a minor girl who was employed as a domestic worker in their home. The ...
Competition Commission of India Takes Action Against Smartphone Giants The Competition Commission of India (CCI) has launched a significant investigation into major smartphone manufacturers, including Samsung and Xiaomi, for alleged collusion with e-commerce giants Amazon and Flipkart. This scrutiny arises from claims that these companies engaged in anti-competitive practices by launching exclusive products on these ...
The current market scenario exhibits considerable volatility, particularly within the banking sector. The Nifty Bank index, which soared to a record high of 53,300 in July, has since encountered downward pressure, primarily due to profit-taking activities. As of now, this index is down over 2.5% from its peak, with noticeable disparities in the performance of ...
Overview of PN Gadgil Jewelers IPO PN Gadgil Jewelers, a prominent player in the jewellery sector, recently launched a public issue that garnered substantial attention from investors. The IPO, amounting to Rs 1,100 crore, opened on September 10 and closed on September 12. With an impressive subscription rate of 59.41 times, the company is set ...
The Indian government has recently implemented a significant increase in import duties on key cooking oils, including soybean, sunflower, and palm oil, effective from September 14. This strategic move aims to support domestic farmers and stabilize the falling prices of oilseeds in the local market. Data from the government indicates a continuous decline in refined ...
Bajaj Housing Finance IPO: Record-Breaking Subscription and Anticipated Listing Performance The recent public issue by Bajaj Housing Finance, amounting to an impressive ₹6,560 crore, has captured significant attention in the financial market. Closing with a staggering subscription of over ₹3 lakh crore, this IPO has shattered previous records held by notable companies such as Nykaa ...
Ashish Kacholia’s Latest Portfolio Addition: Awfis Space Solutions Ashish Kacholia, often referred to as the “Big Whale” of the Indian stock market, has made headlines once again with an intriguing addition to his investment portfolio. During the June quarter, a noteworthy stock took its place, not due to a fresh purchase, but rather as a ...
Eid-e-Milad Holiday Rescheduled in Mumbai The Maharashtra government has officially announced a change in the Eid-e-Milad holiday for residents of Mumbai. Initially scheduled for September 16, the holiday has been postponed to September 18, 2024. This decision comes following requests from local Muslim community leaders, who sought a more accommodating date for the festivities. Reason ...
Cross Limited: IPO Overview and Future Prospects Cross Limited, a prominent manufacturer specializing in vehicle components, successfully concluded its public issue, raising an impressive Rs 500 crore. The IPO garnered substantial interest and was subscribed an astounding 17.66 times, reflecting robust investor confidence. It opened for subscriptions on September 9 and concluded on September 11, ...
Mindteck India Announces Bonus Shares Mindteck India, a prominent player in engineering and technology solutions, has recently announced an exciting opportunity for its shareholders. The company plans to offer bonus shares at a ratio of 1:4, meaning for every four shares held, shareholders will receive one additional share. This announcement is significant as it highlights ...
Gold Rate Today in India (September 14, 2024): There has been a noticeable increase in the prices of gold across major cities in India. Currently, the price for 24-carat gold ranges between Rs 74,000 to Rs 75,000 per 10 grams. In the capital city of Delhi, the price has escalated to Rs 74,610 for 10 ...
V-Sciences Investments Acquires Significant Stake in Godrej Agrovet On September 13, V-Sciences Investments, a subsidiary of Singapore-based Temasek Holdings, made headlines with its acquisition of shares from agribusiness giant Godrej Agrovet. The transaction was valued at over ₹212 crore, marking a significant movement in the agricultural investment landscape. Temasek Holdings is renowned for its extensive ...
The Reserve Bank of India (RBI) has made significant changes to the landscape of non-banking financial companies (NBFCs) in the country by cancelling the registration certificates of four NBFCs and accepting the voluntary surrender of certificates from thirteen others. This decision reflects the RBI’s ongoing efforts to ensure the stability and compliance of financial institutions ...
Significant Changes in Onion Export Regulations The Indian government has made a notable adjustment to the onion export regulations, reducing the duty on onion exports significantly from 40 percent to 20 percent. This reduction is set to take effect from Saturday, September 14, as per a notification issued by the Finance Ministry. The previous duty, ...
In India, the festive season brings numerous opportunities for entrepreneurs to start small businesses with minimal investment. The government has been actively promoting entrepreneurship and has initiated various schemes aimed at supporting start-ups. If you are looking to tap into the spirit of the upcoming festivals like Navratri, Dussehra, Diwali, and Chhath Puja, now is ...
The logistics sector in India is witnessing intense competition, particularly between unicorn Delhivery and its rival Ecom Express. Recently, Delhivery has raised concerns regarding the accuracy of shipment figures presented by Ecom Express in its draft for an Initial Public Offering (IPO). Ecom Express, which is preparing for its IPO, has filed its draft red ...
Empowering Women Leaders in India: The Reliance Foundation and Vital Voices Fellowship 2024-25 The Reliance Foundation, in collaboration with Vital Voices, has officially launched the Women Leaders India Fellowship for the 2024-25 program. This esteemed initiative has selected 50 exceptional women who are making significant contributions in various sectors, including climate change, education, livelihoods, sports, ...
Government Prioritizes Local Manufacturing in Telecom Sector The Department of Telecom (DoT) has taken a significant step towards promoting indigenous manufacturing by issuing draft norms that focus on local value addition in telecom equipment. A revised list of 36 telecom products has been proposed, which will now receive priority in government procurement if they are ...
