The highly anticipated IPO listing of Mukka Proteins has been officially scheduled for Thursday, March 7th. Following the finalization of the IPO allotment, today, Wednesday, March 6th, marks the commencement of the share crediting process to demat accounts for the fortunate recipients. Simultaneously, for those investors who were not allocated shares, the refund process will … Read more
SEBI expresses apprehension regarding algo developers enticing unsuspecting traders with unrealistic returns while evading SEBI regulations governing registered investment advisors (RIA) as mandated. The issue of misselling also poses a significant challenge. In a recent development, market regulator SEBI proposed that brokers should grant access to open Application Programming Interfaces (APIs) to retail clients only … Read more
A report jointly conducted by Bain & Company and HeathQuad projects that India’s healthcare innovation market could see a twofold increase, reaching $60 billion by fiscal year 2028. In FY23, the overall Indian healthcare market stood at approximately $180 billion, with healthcare innovation contributing $30 billion, equivalent to 15% of the market. While pharma services … Read more
In a move to expand customer options and flexibility in credit card issuance, the Reserve Bank of India (RBI) has introduced guidelines for card networks. According to the RBI’s directives, authorized card networks collaborate with both banking and non-banking entities to issue credit cards. The selection of the card network for a customer’s card is … Read more
Today, on Wednesday, March 6, Gopal Snacks IPO commences its subscription period, which will extend until Monday, March 11. The Rajkot-based company has successfully garnered ₹193.94 crores from anchor investors. Notably, on Tuesday, March 5, the company disclosed to the bourses that it allocated 48,36,657 equity shares to anchor investors at a price of ₹401 … Read more
Following a widespread outage affecting Facebook and Instagram, Meta CEO Mark Zuckerberg saw his net worth decrease by nearly $3 billion in just one day. Summary: Meta CEO Mark Zuckerberg experienced a significant loss of nearly $3 billion in a single day following a global outage affecting the company’s flagship platforms, Facebook and Instagram. Zuckerberg’s … Read more
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, views the decision to incorporate Indian bonds into the Bloomberg Emerging Market Index as a vote of confidence in the Indian economy. This move follows JP Morgan’s recent decision to include India in its Emerging Market Bond Index. Vijayakumar predicts that India’s inclusion in the … Read more
Mumbai-based investment banking firm Spark PWM Pvt. has projected that Tata Sons Ltd. could attain a valuation of up to 8 trillion rupees ($96 billion) in its anticipated initial public offering (IPO), potentially scheduled to occur within the next 18 months. Tata Sons, a prominent Indian conglomerate with stakes in leading companies such as Tata … Read more
On Monday, Karnataka Minister MB Patil revealed the state’s ambitious goal to achieve a USD one trillion economy by 2032, aiming for sustained growth at a rate of 18 percent. Karnataka’s Large and Medium Industries Minister MB Patil declared on Monday the state’s objective of reaching a USD one trillion economy by 2032, targeting a … Read more
External Affairs Minister S Jaishankar has emphasized the need for a prompt resolution to the review of India’s trade agreement with South Korea. He stressed the importance of both nations collaborating to identify additional “meeting points” and boosting their engagement to fully leverage their potential. While speaking at the Korea National Diplomatic Academy in Seoul … Read more
On March 5, Exicom Tele-Systems, a provider of electric vehicle charging solutions, experienced a notable 58 percent surge in its share price on the day of its listing. This increase was partially influenced by market instability, as some investors opted to capitalize on profits. The stock kicked off with a strong start, opening at Rs … Read more
According to state-owned NHPC, the proposed 1,200 MW solar power project in Uttar Pradesh, involving an investment of Rs 796.96 crore, is expected to be completed within two years, the company announced on Tuesday. On Monday, Prime Minister Narendra Modi inaugurated the solar project virtually by laying its foundation stone. NHPC, in a filing with … Read more
Wipro Invests $5.85 Million for 27% Stake in SDVerse LLC
On March 5, Google announced its decision to temporarily reinstate apps developed by Indian internet companies that were recently removed from the Play Store. This move provides relief to local firms by allowing their apps to return to the platform with the option of in-app billing for consumers. During this interim period, Google will continue … Read more
Film production company Panorama Studios International recently issued 9 lakh equity shares to nine investors for Rs 24.66 crore and allocated 15.41 lakh warrants to both promoters and non-promoters, collectively valued at over Rs 10 crore. If Singham and Drishyam have generated blockbuster returns on the silver screen, then Panorama Studios International has proven to … Read more
Bitcoin, the leading cryptocurrency by market value, achieved a significant milestone by reaching a two-year high, surpassing the $66,000 mark. This surge was fueled by a substantial increase in investment, bringing it closer to its historical peak. During the session, Bitcoin saw a surge to a peak of $66,319, representing a 6.4% increase to $66,254. … Read more
Clear Discrepancy Emerges Between GDP Growth and Private Consumption. Prime Minister Narendra Modi generally refrains from commenting on quarterly GDP data, a trend suggesting a cautious approach toward discussing economic indicators. This reserved stance is indicative of the recognition that the economy poses a significant challenge for the ruling National Democratic Alliance (NDA) government, especially … Read more
Following Google’s delisting of their apps, Indian app developers have appealed to the government for intervention, emphasizing the need to restore their apps on the Play Store to maintain business operations. They contend that given the matter’s pending status before the Competition Commission of India, Google should await the commission’s final decision before implementing any … Read more
The RK Swamy IPO, which opened for subscription on Monday, March 4, witnessed a remarkable start as investors displayed strong enthusiasm. According to BSE data, the subscription status stood at 2.19 times on the first day, indicating significant demand. Notably, the retail portion was fully subscribed within the first hour of opening, and by the … Read more
Elon Musk has been unseated as the world’s richest person for the first time in over nine months, yielding the top spot on the Bloomberg Billionaires Index to Jeff Bezos. This shift occurred following a 7.2% decline in Tesla Inc.’s shares on Monday. Musk’s net worth now stands at $197.7 billion, while Bezos boasts a … Read more