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, ...
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 ...
Understanding DLF Shares Performance DLF Limited, one of India’s largest real estate developers, has seen significant fluctuations in its stock price over the past several months. After reaching an impressive record high not seen in 16 years, DLF shares experienced a substantial decline of over 10% from that peak. As investors look on, the question ...
Introduction In the evolving landscape of the logistics and e-commerce sector, competition is fierce. One of the notable rivalries is between Delhivery and Ecom Express. Delhivery, a major player in the logistics market backed by SoftBank, is calling into question the accuracy of the IPO draft filed by Ecom Express last month. This situation has ...
DLF Shares Overview DLF Ltd., a prominent player in India’s commercial and real estate development sector, has exhibited impressive growth this year, with its shares appreciating over 19%. Recently, the stock marked a significant rise of more than 3%, closing at Rs 863.60 on the Bombay Stock Exchange (BSE). Despite this progress, it remains more ...
Bajaj Finserv Share Price Overview Bajaj Finserv, a prominent player in India’s diversified non-banking financial sector, is making headlines with the impending listing of its subsidiary Bajaj Housing Finance. Scheduled for September 16, this milestone follows a successful IPO, which closed on September 11. In anticipation of the listing, shares of Bajaj Finserv and Bajaj ...
Introduction Solarium Green Energy, a prominent player in the solar energy sector, is poised to make a significant entrance into the public market with its upcoming Initial Public Offering (IPO). The company recently submitted a draft red herring prospectus (DRHP) to the SME platform of the BSE, indicating its intent to raise funds through the ...
Indian-Origin Lawyer Fired from Norfolk Southern Amid CEO Relationship Controversy Summary: Nabnita Nag, the Chief Legal Officer at Norfolk Southern, was terminated following a consensual relationship with the company’s CEO, Alan Shaw. This incident raises critical questions about workplace ethics and company policies. Details of the Firing Nabnita Nag, an Indian-origin lawyer, was recently fired ...
Overview of Retail Inflation in India: India’s retail inflation experienced a slight increase, reaching 3.65% in August 2024, up from 3.6% in July. This rise is notable, especially in comparison to the 6.83% recorded in August of the previous year. The National Statistical Office released these figures on September 12, highlighting that inflation remains within ...
Stock Market Update: Record High for Sensex Amid Rally The stock market experienced a remarkable rally on 12 September, propelling the Sensex to an unprecedented record high. This surge has resulted in a significant increase in the market capitalization of the Bombay Stock Exchange (BSE), soaring by over Rs 6.5 lakh crore in a single ...
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 ...
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, ...
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 ...
