Arcade Developers’ IPO Surges Ahead with Strong Investor Interest Mumbai-based Arcade Developers, a prominent player in the real estate sector, is witnessing remarkable enthusiasm from investors for its Initial Public Offering (IPO). As of September 18, the IPO has been subscribed 27.06 times, indicating robust demand for the shares offered. The price band for this ...
Economic Growth of South Indian States: A Comparative Overview The five major states of South India—Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu—have witnessed substantial economic growth since the liberalization of the Indian economy in the early 1990s. Back in 1991, their per capita income was lower than the national average. However, following decades of ...
VA Tech Wabag: A Multibagger Stock Journey VA Tech Wabag has emerged as a remarkable performer in the stock market, with shares doubling in value over the past six months. This surge can be attributed to various factors, including strong financial performance and strategic initiatives. As of March 15, 2024, the stock was priced at ...
Cube Highways Trust: Major Block Deal Announcement Cube Highways Trust, a prominent player in the private sector toll road operating industry, is set to initiate a significant block deal valued at Rs 1,675 crore (approximately $200 million) on September 19. According to insider sources, the transaction encompasses multiple entities within the Cube Highways ecosystem, including ...
Global Economic Outlook: The Impact of U.S. Interest Rates and China’s Slowdown At a recent summit in Singapore, financial experts gathered to discuss the implications of potential interest rate cuts by the U.S. Federal Reserve. While some anticipations were rooted in optimism, it was clear that the prevailing concerns surrounding China’s economic slowdown are likely ...
Market Overview: BSE Sensex and Nifty Performance The Indian stock market experienced a modest decline on September 18, 2023, with the BSE Sensex closing at 82,948.23, down 131.43 points, equivalent to a 0.16% decrease. Similarly, the Nifty witnessed a drop of 41 points, also reflecting a 0.16% fall, concluding the day at 25,377.50. This downturn ...
Oracle’s Remarkable Growth in the AI Sector Oracle Corporation has recently emerged as a significant player in the rapidly evolving field of Artificial Intelligence (AI). Despite a challenging August for tech stocks, Oracle’s shares soared by 14% last week, reaching an all-time high. This year alone, Oracle’s shares have appreciated by an impressive 54%, making ...
SEBI Sets to Form Committee to Address Employee Demands The Securities and Exchange Board of India (SEBI), the market regulator, has announced plans to establish a committee that will consider the various demands brought forth by its employees. This committee will include full-time members of SEBI and aims to improve performance tracking systems as well ...
Government Reduces Windfall Tax on Crude Oil to Zero In a significant move, the Government of India has announced the reduction of the windfall tax on petroleum crude from Rs 1,850 per tonne to zero, effective from September 18, 2024. This development follows a series of adjustments made in response to the fluctuating global oil ...
Promising Returns for Sovereign Gold Bond Investors If you are one of the fortunate investors who purchased units of the initial series of Sovereign Gold Bonds (SGBs) five years ago, there is great news to celebrate. The returns from these bonds have notably exceeded expectations, doubling the initial investment. As a government-issued financial instrument, Sovereign ...
Overview of the Incident In a shocking turn of events, pagers belonging to members of Hezbollah—a Lebanese organization backed by Iran—have exploded simultaneously, resulting in a tragic loss of life and a substantial number of injuries. The blasts, which took place primarily in Lebanon and parts of Syria, have claimed the lives of at least ...
Fintech Growth Surge: Navi Rises in UPI Rankings In a remarkable turnaround, Navi, the fintech company founded by Flipkart co-founder Sachin Bansal, has emerged as the fifth-largest UPI (Unified Payments Interface) entity in India. This achievement comes as the company has dramatically surpassed Amazon Pay, showcasing an impressive growth trajectory in the competitive digital payments ...
Understanding the New Timeline for Bonus Shares as per SEBI Regulations The Securities and Exchange Board of India (SEBI) has recently revolutionized the way bonus shares are issued to shareholders. As of October 1, 2024, investors will experience a more efficient process that significantly reduces the time it takes to receive bonus shares. Previously, shareholders ...
Concerns Raised by Union Finance Minister on Stock Market Speculation Union Finance Minister Nirmala Sitharaman highlighted the increasing need for caution regarding speculative activities in the stock market, specifically concerning futures and options trading. In a recent discussion with Network18 Editor-in-Chief Rahul Joshi on the ‘Chaupal’ program aired on News18, she emphasized the importance of ...
Government’s Decision on Custom Duties: A Boon for Farmers in India The recent decision by the Indian government to adjust custom duties on various edible oils has sparked a wave of optimism among farmers. By increasing the custom duty on crude palm oil and refined sunflower oil to 20% and 32.5%, respectively, the government aims ...
India Responds to Iran’s Supreme Leader’s Remarks on Islam and Minorities The Indian government has expressed strong disapproval of recent statements made by Iran’s supreme cleric, Ali Khamenei, concerning the condition of Muslims in India. The Ministry of External Affairs (MEA) issued a formal statement characterizing Khamenei’s remarks as ‘ill-informed and unacceptable’, emphasizing that his ...
Boeing Halts Hiring Amidst Historic Strike Boeing, the global leader in aircraft manufacturing, has recently announced a significant pause in its hiring processes. This decision comes in the wake of the company’s workforce of 33,000 employees initiating a strike, marking the first major labor stoppage at Boeing in 16 years. In an effort to navigate ...
Finance Minister Nirmala Sitharaman Addresses Allegations Against SEBI Chairperson Madhabi Puri Buch In a recent interview with Network18 Group Editor-in-Chief Rahul Joshi on News18 India’s popular ‘Chaupal’ program, Finance Minister Nirmala Sitharaman spoke in defense of SEBI Chairperson Madhabi Puri Buch and her husband in light of the allegations raised by the Congress Party. Sitharaman ...
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 ...
Surge in Electric Two-Wheelers in India The adoption of electric two-wheelers is rapidly gaining traction in India, with projections indicating a noteworthy increase in market share. As per a report by investment banking firm Jefferies, the share of electric two-wheelers is expected to escalate from the current 5% to an impressive 13% by the financial ...
