Understanding Recent Changes to EPF Withdrawal Rules The Employees Provident Fund Organization (EPFO) has recently implemented significant changes aimed at providing relief to its members. Employees can now withdraw up to Rs 1 lakh from their Provident Fund (PF) accounts for medical emergencies—an increase from the previous limit of Rs 50,000. This enhancement is part ...
The stock market experienced notable fluctuations ahead of the Federal Reserve’s outcome, resulting in declines for both the Sensex and Nifty indices. While midcap and small-cap stocks faced pressure, the Nifty Bank index managed to close with a gain. The market observed selling pressure predominantly in the IT, pharma, metal, and oil-gas sectors, alongside notable ...
JBM Auto’s Growth Strategy and Recent Funding JBM Auto, a prominent player in the automotive industry, has recently garnered attention with its funding of approximately $100 million for JBM Ecolife. This significant investment opens up new avenues for growth, innovation, and expansion in a highly competitive market. In this article, we will delve into JBM ...
IREDA Plans to Raise Funds Through QIP The Indian Renewable Energy Development Agency (IREDA) has received crucial approval from the Department of Investment and Public Asset Management (DIPAM) to proceed with raising funds via a Qualified Institutional Placement (QIP). The agency aims to raise approximately ₹4,500 crore by issuing fresh equity shares. As of September ...
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 ...
Atishi Set to Become Delhi’s New Chief Minister In a significant political development in Delhi, Lieutenant Governor VK Saxena has proposed September 21 as the date for the swearing-in ceremony of Chief Minister-designate Atishi. This information was conveyed in a letter sent to President Droupadi Murmu. Notably, outgoing Chief Minister Arvind Kejriwal has already submitted ...
Northern Arc Capital IPO Overview Northern Arc Capital has recently launched its Initial Public Offering (IPO), which has garnered significant interest from investors. With the IPO subscription showing robust demand, the overall response has been nothing short of impressive. By the third day of the subscription period, the IPO has been subscribed a staggering 20.18 ...
Market Overview On September 18, Indian stock markets experienced a downturn, reflecting a wave of caution among investors. The BSE Sensex witnessed a decline of 131 points, while the Nifty index fell below the 25,400 mark. This retreat came as investors eyed the impending results of the US Federal Reserve meeting, which sparked concerns about ...
US Federal Reserve Implements Significant Rate Cut Introduction: In a surprising move, the US Federal Reserve has announced a substantial interest rate cut of 50 basis points, a decision that marks its first reduction since the onset of the COVID-19 pandemic. This announcement was made on September 18 at 11:30 AM Indian time, signaling a ...
Western Carriers India IPO: A Strong Market Response The Initial Public Offering (IPO) of Western Carriers India Limited, a prominent logistics company, has garnered significant interest from the investment community. As of the fourth day of subscription, this IPO has been oversubscribed 13.89 times, indicating a robust demand for the issued shares. Investors have submitted ...
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 ...
Market Overview and Technical Analysis In recent market discussions, technical analyst Mitesh Thakkar highlighted a shift in momentum, particularly with the Bank Nifty index. Currently, it appears to be recuperating from a phase of underperformance and is showing stronger potential compared to the broader Nifty index. As of today, Nifty Bank has surpassed its near-term ...
Good News for Sahara Group Investors: Refund Limit Increased Investors who have put their money into the Sahara Group are in for some good news. The government has announced a significant increase in the refund limit for small depositors, raising it from Rs. 10,000 to Rs. 50,000. This development offers a ray of hope for ...
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 ...
Introduction Today, we witnessed a significant decline in Indian IT stocks. Just a day prior, on September 17, the Nifty IT index achieved a new high, but by September 18, not a single stock in this sector managed to close in the green. This sudden downturn raises questions about the underlying causes and what it ...
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 ...
NTPC Green Energy IPO: A Groundbreaking Move Towards Renewable Energy In a significant development for the renewable energy sector, NTPC Green Energy has officially submitted its application for an Initial Public Offering (IPO) on September 18. The company aims to raise a substantial Rs 10,000 crore (approximately $1.19 billion) by issuing fresh equity shares, with ...
Rhetan TMT Experiences Remarkable Share Surge On September 18, 2024, Rhetan TMT showcased an impressive rise in its share price, climbing over 11%. The company’s shares closed at ₹16.93 on the Bombay Stock Exchange (BSE), marking a daily gain of 5.68%. During trading, the stock peaked at its 52-week high of ₹17.85, reflecting growing investor ...
Virat Kohli and Gautam Gambhir: Faith and Fury on the Cricket Field In a unique interview that brought together two of cricket’s biggest stars—Virat Kohli and Gautam Gambhir—viewers were treated to insights that transcended the game itself. Both hailing from Delhi, Kohli and Gambhir have made significant marks in international cricket, known for their aggressive ...
