In afternoon trading on Monday, Japan’s benchmark Nikkei 225 index dropped to 38,496.66 points, marking a decline of three percent. This downward movement coincided with the yen’s advance to 146.60 per dollar, indicating a strengthening of the Japanese currency against the greenback. The decline in Japan’s Nikkei index was primarily attributed to the strengthening yen, … Read more
Sensex and Nifty 50 Extend Losses as Financial Services, IT, and Automobile Stocks Weigh Heavily. The midday trading session on March 11 witnessed a continuation of the downward trend in the Sensex and Nifty 50, with both key indices slipping further. The Sensex declined by 0.4 percent to reach 73,833 levels, while the Nifty 50 … Read more
Market regulator Sebi recently expressed concerns about the increasing inflow into small-cap and mid-cap funds. However, industry experts have stated that there are currently no significant signs of redemptions within this sector. Despite Sebi’s concerns, investors are expected to remain interested in these funds due to their potential for delivering high returns, experts noted. Sebi’s … Read more
The Reserve Bank of India (RBI) is gearing up to tighten its oversight on shadow banks engaging in high-risk unsecured lending to sensitive sectors, particularly the equity markets, where funds often fuel speculative activities. Sources familiar with the matter revealed that the regulator has initiated a comprehensive review of such shadow lenders as a preemptive … Read more
Indian benchmark indices are currently experiencing a robust bull run, with the Nifty 50 achieving new record levels for the fourth consecutive week. On March 7, the Nifty soared to an all-time high of Rs 22,525. However, amidst the escalating market momentum and the anticipated pre-election rally, investors are growing increasingly wary of elevated valuations. … Read more
Domestic brokerage firm Motilal Oswal has reaffirmed its “buy” recommendation for JK Lakshmi Cement as the company embarks on expanding its grinding capacity and aims to enhance its market footprint. With a target price set at Rs 1,030 per share, reflecting a 15 percent potential upside from the current market value, the brokerage remains optimistic … Read more
Shares of several Tata group firms experienced a decline of up to 10 percent on March 11, following reports suggesting that Tata Sons might not pursue an initial public offering (IPO) in the near future. In the previous week, these stocks had surged by as much as 36 percent due to the buzz surrounding the … Read more
The initial public offering (IPO) of Gopal Namkeen Limited, which commenced on March 6, 2024, is set to close today, March 11, 2024. Investors have until the end of the day to apply for the public issue. The price band for the Gopal Snacks IPO is fixed at ₹381 to ₹401 per equity share, with … Read more
Karan Adani, Managing Director of Adani Ports and Special Economic Zone, revealed that the Adani Group has earmarked Rs 60,000 crore for the expansion of its seven existing airports over the next 5-10 years. This investment will focus on enhancing both the ‘airside’ and ‘cityside’ infrastructure. Arun Bansal, Chief Executive Officer of Adani Airports Holdings … Read more
United Breweries witnessed a surge in its stock price early on March 11, following the launch of a new beer brand in Karnataka. At 9:28 am, United Breweries was trading at Rs 1,703.55 on the BSE, marking an increase of Rs 6.20 or 0.37 percent. The company introduced Kingfisher Ultra Max draught beer in its … Read more
Rail Vikas Nigam Limited (RVNL) experienced a 5% rise in its share price during early trade on March 11, following the company’s receipt of significant work orders amounting to Rs 1,826.14 crore. At 9:25 am, RVNL was trading at Rs 250.90 on the BSE, marking a notable increase of Rs 12.90 or 5.42%. The company … Read more
Shares of Tata Chemicals witnessed a sharp decline of over 10 percent on March 11 as news emerged regarding the diminishing likelihood of an IPO by Tata Sons, which was anticipated to uplift the company’s value. The stock of Tata Chemicals had surged by 36 percent in the previous week amidst speculations surrounding the IPO … Read more
In today’s digital age, smartphones have become more than just communication devices; they can also be powerful tools for generating income. Whether you’re looking to make some extra cash on the side or start a full-fledged business, here are some ways you can turn your smartphone into a money-making machine: With the right approach and … Read more
Byju’s, the embattled edtech company, announced on March 10 that it has disbursed partial salaries to all employees for February. The company assured employees that the remaining balance will be paid once it gains access to funds from the recently concluded rights issue. In a letter addressed to employees, Byju’s stated, “We processed partial salaries … Read more
On March 10, 2024, gold rates in India experienced fluctuations, with the fundamental price for 10 grams remaining close to Rs 65,000. A detailed examination revealed that the average price for 10 grams of 24-carat gold was approximately Rs 66,270, while 22-carat gold averaged around Rs 60,750. Meanwhile, the silver market displayed an upward trend, … Read more
India formally signed a free trade agreement with the European Free Trade Association (EFTA) consisting of Iceland, Norway, Switzerland, and Liechtenstein on Sunday in New Delhi. The agreement was signed in the presence of Union Commerce and Industry Minister Piyush Goyal, and Prime Minister Narendra Modi hailed it as a “new turn” and a “watershed … Read more
In an effort to promote transparency in the governance and administration of financial benchmarks in the securities market, the Securities and Exchange Board of India (SEBI) has made it mandatory for index providers managing “significant indices” based on securities listed in India to register under its regulatory framework. This requirement comes after SEBI’s board approved … Read more
After a Bengaluru-based customer reported an issue with the Zomato app, the company’s humorous response sparked laughter among social media users. The customer noticed a glitch in the app regarding the inability to edit birthdays and anniversaries, sharing a screenshot on X and tagging Zomato. In response, Zomato delivered a witty comeback, igniting a viral … Read more
The upcoming week promises to be incredibly busy for primary market enthusiasts, with eight initial public offerings (IPOs) slated to open for subscription, featuring two mainboard issues. Moreover, Dalal Street is bracing for the highly anticipated debuts of nine new shares. In the previous week, JG Chemicals Ltd, RK Swamy Ltd, Mukka Proteins, Sona Machinery, … Read more
Xiaomi 14, the latest flagship offering from Xiaomi, has made waves in the market with its impressive features. Boasting the powerful Qualcomm Snapdragon 8 Gen 3 processor, a top-tier Leica camera, and a robust 4,610mAh battery that supports blazing-fast 90W fast charging, the Xiaomi 14 promises a premium user experience. In light of these remarkable … Read more