Category: Uncategorized

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd was subscribed 12.57 times on the last day of subscription on Monday. The initial share sale got bids for 24,28,83,090 shares against 1,93,26,761 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) was subscribed […]

Most category III alternative investment funds (AIFs) have outperformed the benchmark Nifty50 in the month of August. Long-only funds gave average category returns of 2.3 per cent while long short funds returned 0.14 per cent on average, the data from PMS Bazaar for category III AIFs showed. The Nifty fell 2.5 per cent during the […]

Foreign portfolio investors (FPIs) have pulled out close to ₹4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 […]

Globally, government bond yields have been on the rise for more than a year as central banks hiked rates at an unprecedented pace to combat inflation. The 10-year US Treasury yield, a global benchmark for bonds, has surged from 1.91 per cent in early 2022 to 4.33 per cent now, narrowing the differential with the […]

The Finance Ministry on late Friday raised Special Additional Excise Duty (SAED), better known as windfall gain levy on domestically produced crude, to ₹10,000 a tonne from ₹6,700. It will come into effect from September 16 This decision has been taken as crude prices have gone up. This rise will likely impact oil exploration companies […]

Sensex and Nifty darted up to fresh lifetime highs on Friday, propelled by a rally in global markets and fresh foreign capital inflows. Besides, buying in telecom, auto and tech stocks also helped markets to settle with gains, traders said. Rallying for the 11th day running, the 30-share BSE Sensex jumped 319.63 points or 0.47 […]

The Securities and Exchange Board of India (SEBI) has raised concerns on the proliferation of authorised persons (AP) and has asked brokers to keep a closer tab on their activities. The regulator may bring out tighter norms for these entities given the increasing complaints about APs offering assured returns, taking payment in cash, carrying out […]

The rupee appreciated 8 paise to 82.93 against the US dollar in early trade on Thursday tracking positive domestic equities. Forex traders said the domestic unit was trading in ranges against the dollar as the support from positive domestic equities has been negated by elevated crude oil prices and a firm US dollar. At the […]

Target: ₹1,150 CMP: ₹989.75 ICICI Bank’s Annual Report highlights the progress the bank is making towards sustainable growth. This is evident from its strong contingency buffers and robust underwriting and risk-monitoring mechanisms, all of which contribute to safeguarding the company’s balance sheet. ICICI Bank has been reporting a robust performance, led by a strong core […]

The Securities and Exchange Board of India has slapped a penalty of ₹15 lakh on Reliance Home Finance for violation of LODR regulations and failure to disclose the adverse findings of a forensic report. Chief executive Ravindra Sharad Sudhalkar, company secretary and compliance officer Parul Jain and CFO Pinkesh Shah have been levied a penalty […]