Despite a 4% correction in the market this month, Vetri Subramaniam, chief investment officer, UTI AMC believes this is not a time to take more risk. He tells Vivek Kumar M that earnings estimates for FY25 could go awry if the September quarter numbers continue to be below expectations. Excerpts: Markets have corrected by around
The much-anticipated initial public offering (IPO) of Waaree Energies Limited is set to open for subscription on 21st October 2024 and will remain available until 23rd October 2024. Investors can subscribe to the shares of the company within this three-day window, with the IPO price band set between Rs 1,427 and Rs 1,503 per equity
KRN Heat Exchanger The company listed on October 03 made a stellar Dalal Street debut. The stock was listed at Rs 480 on NSE, a premium of 118% over the issue price of Rs 220 per equity share. The IPO was one of the most searched on Google, according to Google Trends data. Also, the
Go to Live UpdatesHyundai Motor IPO India Subscription Status Today Live Updates: The Hyundai Motor IPO will be listing on the bourses on October 22. The company’s shares were attracting a premium of almost 4% in the unofficial market against a discount a few days ago. The issue was subscribed 2.37 times overall by the
The BJP unveiled its first list of 66 candidates for the upcoming Jharkhand assembly elections on Saturday. The party has fielded its state president, Babulal Marandi, from Dhanwar, and former Chief Minister Champai Soren from Saraikela. Among the notable names is Sita Soren, the sister-in-law of Chief Minister Hemant Soren and JMM leader, who has
Jharkhand Chief Minister Hemant Soren announced Saturday that partners in the INDIA bloc will contest the upcoming assembly polls together, with the Congress and the Jharkhand Mukti Morcha (JMM) set to field candidates in 70 of the 81 seats. Soren stated that seat-sharing discussions with alliance partners, including the RJD and Left parties, are ongoing
Bharatiya Janata Party leader Pratul Shah Deo expressed confidence in the party’s success in the upcoming Jharkhand assembly elections, stating that the NDA is in its “strongest” position following the announcement of the seat-sharing agreement. The BJP is all set to contest 68 seats in the upcoming Jharkhand assembly elections, which have a total of
The Aam Aadmi Party (AAP) has signalled its intention to contest a couple of seats in the upcoming Maharashtra Assembly elections, slated for November 20. While AAP is part of the opposition’s INDIA bloc, which includes Shiv Sena (UBT), Congress, and NCP (SP) under the Maha Vikas Aghadi (MVA), it may stake claims where it
The Employees’ Provident Fund Organisation (EPFO) recently announced EPFO 3.0, a game-changing upgrade that will ensure some major changes in the way the retirement fund body delivers it services to over 7 crore members. Confirming EPFO 3.0 roll out by June this year, Union Minister Mansukh Mandaviya recently said this upgraded system will improve efficiency
Swiggy on Wednesday announced that the Ministry of Corporate Affairs approved the incorporation of Swiggy Sports, a wholly-owned subsidiary of the company. The new subsidiary will operate in the sports activities and amusement and recreation activities space. In a regulatory filing, Swiggy said, “We would like to inform you that Ministry of Corporate Affairs, Central
The recent devastating fires in Los Angeles have underscored the importance of having the right fire insurance for homeowners. As communities rebuild and recover, it’s a reminder that preparation is key when protecting one’s property. Understanding your insurance options can make all the difference with the potential for environmental factors like drought and high winds
With equity benchmarks Sensex and Nifty plunging more than 10% from their peaks in September last year, it’s natural for mutual fund investors — especially those investing through the SIP (Systematic Investment Plan) route — to question whether they should continue their investments. Market volatility often creates anxiety among SIP investors, even when they are
Reliance Industrial Infrastructure Ltd (RIIL) on Wednesday announced its fiscal third quarter earnings with standalone profit at Rs 2.48 crore, posting a decline of 8.15 per cent on-year in comparison to Rs 2.70 crore recorded during the third quarter of FY24. It posted revenue from operations at Rs 12.36 crore, down 17.27 per cent as
