Crude oil prices increased marginally on December 23, after the release of US economic data showing a slowdown in inflation. Brent crude futures increased by 26 cents, or 0.4 per cent, and touched $73.20 per barrel. Similarly US West Texas Intermediate (WTI) futures climbed by 31 cents, or 0.5 per cent and reached $69.77 per
The IPO of Carraro India and Senores Pharmaceuticals will close on December 23. Senores Pharmaceuticals was fetching a premium of 55% in the grey market while the stocks of Carraro India were neither attracting a premium nor a discount. Both the IPOs opened on December 20. If you’re perplexed which one to bet on? Here
Solar91 Cleantech’s highly anticipated IPO, scheduled to run from December 24 to December 27, has been postponed. This recent development comes after a regulatory filing on BSE stated that certain queries raised by complainants in the media required further examination. The filing read, “This is with reference to the IPO of Solar91 Cleantech Limited for
AMID THE UNPREDICTABILITY of market cycles, hybrid funds stand out as a versatile investment vehicle. Whether an investor is seeking resilience in volatile times or relative consistency in performance, hybrid funds have the potential to be a compelling choice for building a robust financial future. By combining the growth potential of equities with the stability
Specialised investment fund, the new asset class notified by the Securities and Exchange Board of India, is expected to attract investors who have the ability to take higher risks yet may not want to go the whole hog by investing in unregulated instruments. FE gets into the nitty-gritties of this new option l What prompted
CGHS Facilities Extension: The Centre has issued guidelines and FAQs on the extension of Central Government Health Scheme (CGHS) facilities to all serving and retired employees of Kendriya Vidyalaya Sangathan (KVS). The details include clarifications on the application process, subscription payments, and the roles of various regional offices involved. FAQs on CGHS for KVS Employees:
Rohan Mirchandani, co-founder of Epigamia, India’s leading Greek yogurt brand, passed away at the age of 42 due to cardiac arrest. The news was confirmed by Epigamia’s parent company, Drums Food International. “All of us at the Epigamia family will deeply mourn this loss. Rohan was our mentor, friend, and leader. We remain steadfast in
Identical Brains Studios IPO allotment status online: We are at the final two weeks of 2024 but the Indian stock market remains abuzz with IPOs grabbing investor attention. Among the other IPOs in the pipeline, the NSE SME issue, Identical Brains Studios, which opened on December 18 and closed on December 20, is likely to
Chennai-based Aptus Value Housing Finance plans to grow its assets under management (AUM) by 30% annually over the next three years, a senior company official said. Talking to FE, P Balaji, MD, Aptus Value Housing Finance, said: “Our goal is to reach `25,000 crore in AUM by FY28, which requires us to grow 30% annually over the
India’s rapidly growing art mart, conservatively pegged at around Rs 4,000 crore annually, is attracting marquee legal firms, making it the latest sought-after vertical on India’s legal canvas. Law firms including Cyril Amarchand Mangaldas (CAM), Khaitan & Co, DSK Legal, Dentons Link Legal, Anand and Anand are already providing niche art law services while others
By V K Sharma The Nifty ended the week up 426 points, or 1.93%, at 22,552, marking its first weekly gain after three consecutive losses and the highest percentage gain since the week of December 6. The NSE SmallCap Index surged 5.47%, while the Nifty MicroCap Index jumped 6.71%. Two key highlights of last week’s
Capital expenditures by state governments likely fell 6% year over year in the first ten months of the current financial year despite the Centre’s acceleration of capex loans to them, indicating that the states’ own investments have slowed down. FE reviewed the finances of 18 big states and found that their capex in April-January of FY25
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
