The conclusion of Muthoot Microfin’s initial public offering (IPO) worth Rs 960 crore saw an overall subscription of 11.52 times on December 20. Investors eagerly awaiting the outcome of the IPO can now check the status of their applications online, either through the BSE website or the registrar’s website. Following a significant rebound in the [&
ZED scheme: Financial support extended to MSMEs crosses Rs 100 crore
The financial support extended to MSMEs securing the ZED (Zero Effect, Zero Defect) scheme’s certification has crossed Rs 100 crore. At the time of filing this report, Rs 105.20 crore in financial assistance was offered to MSMEs under the scheme. Since its launch in April 2022 to encourage environmentally sustainable manufacturing practices among M
Share Market Highlights: Nifty settles above 19650, Sensex above 65,750; Bank Nifty gains more than 300 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 soared 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93.The broader indices ended largely in positive territory, wi
Durga Puja 2023: Hema Malini to Rani Mukerji, Bollywood celebs seek blessings at Puja pandal – See pics
1/8 A Durga Puja pandal takes center stage during the Navratri festival each year. These temporary structures are intricately adorned and artistically designed, serving as a focal point for communities to come together, celebrate, worship, and seek blessings from Goddess Durga. The Maha Saptami of Durga Puja witnessed a splendid showcase of glamour
Jefferies sees 25% upside potential for Axis Bank; assign ‘Buy’ rating with target price of Rs 1250
Jeffries sees 25% upside potential in Axis Bank stocks and has recommended a ‘Buy’ with a target price of Rs 1,250. “We see 16% CAGR in profits (normalised) over FY23-26 and ROE around +18%. Valuations are at +20% discount to ICICI Bank (FY25) and can narrow. Axis stays among our top picks in the sector. […]
Rupee settles 1 paisa higher at 83.29 against US dollar
The rupee stayed range-bound and settled 1 paisa higher at 83.29 against the US dollar on Thursday amid a negative trend in domestic equities and sustained foreign fund outflows. At the interbank foreign exchange, the rupee opened at 83.25 and finally settled at 83.29 against the greenback, registering a gain of 1 paisa from its […]
FPIs reverse selling trend; invest Rs 378 crore in equities in November
Foreign Portfolio Investors (FPIs) have pared their bearish stance on Indian equities during November as they made a net investment of Rs 378 crore on the sharp decline in US treasury bond yields. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September, data with the […]
Virat Kohli’s milestone century brings cheer to fans worldwide – See photos
1/7 Virat Kohli on Sunday cracked his 49th century in the ICC World Cup match against South Africa at Kolkata’s Eden Gardens. Achieving this mammoth feat, the former India skipper equaled the record of Cricketing legend Sachin Tendulkar. Interestingly, Kohli reached the milestone on his 35th birthday.(AP /PTI Photos) 2/7 While he has several record
Tech trends in the healthtech industry to look out for in 2024
By Vikram Patel With the new year just around the corner, it becomes vital to foresee the trends that will shape the healthcare industry, considering how technology has already revolutionized this landscape to a large extent. With this in mind, it is crucial to note that the upcoming year can mark the onset of a […]
Global trends to dictate movement in markets this week amid lack of domestic triggers: Analysts
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. “Anticipating a period of consolidation in the absence of clear global cues, the mar