State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday fixed a price band of Rs 30-32 per share for its Rs 2,150-crore initial public offering (IPO). The maiden public issue will open for subscription on November 21 and conclude on November 23 and the anchor book of the offer will be opened for a day […]
GDP data, FIIs return spur Nifty to new high
Indian equities recorded their biggest weekly gains in five months as the benchmark Nifty scaled a new peak driven by encouraging GDP data and the return of FIIs. The benchmark Nifty50 touched its lifetime high of 20,291.55 in intra-day trade before settling at 20,267.90, up 134.75 points or 0.67%. It was also an all-time high […]
Technical analysis: Markets wear a festive look
VK Sharma Markets continued to do well even after Diwali, with the Nifty 50, Midcap and Smallcap indices rising 1.06%, 2.02% and 2.69% respectively. Retail investors are happy that the mid- and small-cap indices have done better than the large caps. And what’s more, the markets have delivered a weekly gain for the third time […]
LIC jumps over 7%, hits 52-week high as govt allows time till May 2032 for minimum 25% public shareholding
LIC’s share price gained over 7% to reach a new 52-week high of ₹820.05 in morning trade on the BSE on December 22. This notable jump followed the company’s announcement of a one-time exemption granted by the government to achieve a minimum public shareholding (MPS) of 25%. Commencing at ₹805.05, a 7.3% rise propelled LIC’s […]
SEBI to introduce ASBA-like facility for secondary market trading from Jan-Feb
To safeguard investors’ money from misuse, an ASBA-like facility for trading in secondary markets will be available from January or February, Sebi chief Madhabi Puri Buch said on Friday. This Application Supported by Blocked Amount (ASBA)-like facility already available for the primary market, ensures that the investor’s fund gets moved only when t
BSE, NSE slap fines on Adani Green Energy
Leading exchanges BSE and the NSE have imposed fines totalling Rs 11.22 lakh on Adani Green Energy for non-compliance with certain listing regulations. The two exchanges imposed fines of Rs 5.61 lakh each on the company. As per the filing, the company wishes to also clarify that the company has already appointed two more independent […]
Sebi to amend rules to facilitate small and medium REITs
Sebi on Saturday decided to bring entities facilitating fractional investment in real estate under a regulatory framework, whereby they will be required to operate as Small and Medium Real Estate Investment Trusts. Such SM REITs should be set up as a trust with the ability to establish separate scheme for owning real estate assets through […
Most in-demand courses in Ireland for international students
By Piyush Kumar Ireland stands out as an emerging destination when it comes to higher education for international students. It not only offers a rich academic experience but also promises an unforgettable cultural journey. According to the Embassy of Ireland, in 2022, more than 6,000 Indian students chose Ireland as their study-abroad destination a
Telecommunications Bill, superseding century-old telecom law, gets President’s assent
The landmark Telecommunications Bill, which was passed by Parliament recently, has received the President’s assent.’The Telecommunications Act, 2023′ is set to overhaul the country’s century-old telecom law to make the sector investor-friendly; it prioritises user protection but also extends powers to the government to intercept communications. Whi
Rating: BUY | LIC maximises non-par growth
LIC reported a 12% decline in annualised premium equivalent (APE) during the Q2FY24, primarily attributed to the weakness in the group business. Individual APE witnessed a positive growth of 6%, while group APE saw a substantial decrease of 35%. The group APE was down 35%. It tends to exhibit volatility and might show improvement 2H. […]