SBI Cards: Upcoming Fundraising and Recent Performance SBI Cards and Payment Services Limited, a prominent player in the credit card industry, is gearing up for a significant fundraising initiative. The company is set to hold a Board of Directors meeting on Wednesday, September 18, 2024, where they will discuss a proposal to raise funds up ...
Overview of Industrial Output Growth in July 2024 The latest data from the Union Ministry of Statistics and Program Implementation reveals that India’s industrial output recorded a growth of 4.8% in July 2024. While this figure indicates a positive growth trend compared to the previous month, it marks a decline when compared to the same ...
Julian Agro Infratech Limited Considers Stock Split Julian Agro Infratech Limited, a burgeoning player in the civil construction sector, is poised to make a significant announcement regarding a potential stock split. The company has called for a board meeting on October 8, 2024, to evaluate this proposal. As of September 12, the stock was trading ...
Current Gold and Silver Prices: A Detailed Overview Gold Prices Decline Again: On Thursday, the gold price experienced a decline for the fourth consecutive day. In the capital city of Delhi, the price dropped by Rs 250, bringing the current rate to Rs 74,350 per 10 grams. This follows the previous day’s closing price of ...
Cross IPO: A Strong Surge in Investor Interest The recent Initial Public Offering (IPO) of Cross Limited has garnered significant attention, with a total subscription rate of 16.69 times the issue size of Rs 500 crore. This overwhelming response translated into a substantial bidding amount of Rs 6,193 crore. As investors await the share allotment, ...
Yes Bank Stake Sale Update Overview: The ongoing discussions regarding the stake sale of Yes Bank have currently come to a standstill. The Reserve Bank of India (RBI) has expressed concerns about the prospect of a foreign bank acquiring a majority stake in Yes Bank. Recently, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has shown enthusiasm ...
PN Gadgil Jewellers IPO Overview PN Gadgil Jewellers Limited’s initial public offering (IPO), which opened for subscription on September 12, 2024, has experienced an overwhelming response from investors. The IPO was subscribed a staggering 59.40 times, with a total of 100.30 crore shares bid for, against the available 1.68 crore shares on offer. This public ...
Overview of India’s Oil Import Landscape India stands as the third-largest oil importer and consumer globally, relying on imports for over 80% of its oil consumption. This heavy dependence has a significant impact on domestic oil prices and the country’s overall economic health. As global crude oil prices fluctuate, so does the potential for increased ...
Overview of Ola Electric’s Current Market Position Ola Electric Share Price Update: As of today, Ola Electric Mobility’s shares are experiencing notable selling pressure, with the stock down by over one percent. The decline is attributed to concerns raised by brokerage firm HSBC regarding the company’s diminishing market dominance. If this trend continues, HSBC forecasts ...
Shree Tirupati Balajee IPO: A Remarkable Market Debut The shares of Shree Tirupati Balaji, a leading provider of packaging services, made an impressive entrance into the Indian stock market today. With the Initial Public Offering (IPO) garnering overwhelming interest from investors, it was oversubscribed over 124 times. The shares were initially offered at a price ...
Tata Steel Receives £500 Million Grant for Green Steel Initiative Tata Steel, a prominent subsidiary of the Tata Group, has recently secured a substantial grant of £500 million from the British government. This financial assistance is aimed at propelling Tata Steel’s ambitious green steel project located in Port Talbot, Wales. The grant marks a significant ...
Bajaj Housing Finance IPO: A Record-Breaking Response The Bajaj Housing Finance Initial Public Offering (IPO) has generated significant buzz in the market, showcasing a remarkable turnaround from its initial sluggish uptake. The IPO, which aimed to raise ₹6,500 crore, attracted an astounding ₹3 lakh crore in bids, setting a new record for subscription levels. The ...
Cross Limited’s IPO: Strong Investor Response and Future Prospects The Initial Public Offering (IPO) of Cross Limited, a notable manufacturer of trailer axles and suspension assemblies, has attracted significant interest from investors, highlighting the growing demand for high-quality automotive components in India. As of the last subscription day, this IPO was oversubscribed by an impressive ...
India’s Ambitious Goal for the Electronics Sector by 2030 At the inauguration of Semicon India 2024 held in Greater Noida, Prime Minister Narendra Modi announced an ambitious target of $500 billion for India’s electronics sector by the year 2030. Currently valued at approximately $155 billion, India’s electronics market is poised for significant growth, particularly in ...
Route Mobile Plans Stake Sale Through Offer for Sale (OFS) Route Mobile, a prominent player in the Communication Platform as a Service (CPaaS) sector, is set to conduct an Offer for Sale (OFS) on September 12-13. This initiative is spearheaded by Proximus Opal, the company’s promoter entity, which intends to divest 38 lakh shares, amounting ...
Investment Opportunity: MIC Electronics Stock MIC Electronics has emerged as a notable stock for investors looking to capitalize on significant returns. As of September 11, 2023, the company’s shares surged to the upper circuit limit of 5%, closing at ₹85.95 on the Bombay Stock Exchange (BSE). This impressive rise in value follows a recent announcement ...
Microsoft Expands Footprint in Pune with Major Land Acquisition In a strategic move to solidify its presence in India, Microsoft Corporation (India) Private Limited has acquired 16.4 acres of land in Hinjewadi, a key suburban area of Pune known for its thriving IT landscape. This substantial investment of Rs 520 crore marks the company’s second ...
Government’s Initiative to Boost Electric Vehicles in India The Indian government has made a significant move to enhance the adoption of electric vehicles (EVs) in the country. In a cabinet meeting led by Prime Minister Narendra Modi, the new PM E-DRIVE scheme has been approved with a substantial budget allocation aimed at promoting electric mobility. ...
HPCL Approves Major Infrastructure Investment and Appoints New CFO Hindustan Petroleum Corporation Limited (HPCL) has recently made significant strides in its business operations. On September 11, the company announced an approved infrastructure investment amounting to ₹2,212 crore during its board meeting. This move underscores HPCL’s commitment to enhancing its operational capabilities and expanding its infrastructure ...
IndiGo’s Ambitious Journey Towards Global Expansion The largest airline in India, IndiGo, is poised to elevate its status on the international stage. With an impressive market share of over 60 percent in the domestic air traffic sector, IndiGo is making bold strides to transition from a national airline to a formidable global player. As expressed ...
