BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years. Under the guidelines, the applicant firm needs to be […]
Rupee set to remain rangebound in near-term
By Gaurang Somaiya Rupee fell to fresh record lows last week following a system outage and other trigger triggered volatility for the rupee. Broadly, for the week, it traded in a narrow range despite swings witnessed in the dollar against its major crosses. Fed Chairman’s statement was scheduled during the week and he continued to […]
Ask Automotive lists with over 8% premium; Should you hold or book profit?
Ask Automotive’s shares listed with 8.12% premium over the IPO price on bourses on Wednesday. The share debuted at Rs 304.90 on the BSE and at Rs 303.30 on the NSE as compared to the issue price of Rs 281. The investors have made a profit of nearly Rs 23 per share as the scrip […]
Dhanteras Special: Can gold lose its shine due to geo-political concerns?
By Rahul Kalantri Dhanteras & Diwali are regarded as an auspicious occasion for embarking on the path to prosperity by making investments in gold. During this time, investing in gold is culturally significant as it is believed to usher in good fortune and wealth, particularly when initiating financial endeavours related to gold and silver. In [
IT midcaps witness BFSI-led growth as larger peers take a hit
At a time when large IT companies are seeing BFSI (banking, financial services and insurance) vertical-led softness, the same is aiding the growth of some midcap companies. The reason: smaller IT firms cannibalising the BFSI revenue of larger companies. Companies such as Sonata Software, Coforge and Birlasoft have been witnessing growth driven by t
Silkyara Tunnel: Efforts are on to save trapped workers – PHOTOS
1/8 At the Silkyara Tunnel in Uttarkashi, the Government of India (GOI) is actively engaged in ongoing rescue operations. 41 workers are trapped.The two-km section of the tunnel, with completed concrete work ensuring the safety of those trapped, is the focus of the rescue efforts. In this part of the tunnel, water and electricity supply […]