The buzz in the primary market continues. The big bang Hyundai IPO listing is on October 22. That apart companies are looking to raise around Rs 11,000 crore and the key IPOs in focus this week include Waree Energies and Shaporji Pallonji Group’s Afcon Infrastructure IPO. There will be a total of four IPOs in
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
Bajaj Finserv on Thursday reported a 3% year-on-year (YoY) rise in its consolidated profit to Rs 2,231 crore for the December quarter, compared with Rs 2,157.67 crore in the year-ago period, primarily driven by the performance of its lending arm Bajaj Finance. Revenues rose 10% to Rs 32,042 crore. Bajaj Finserv is the holding company
Bank of Baroda on Thursday reported a 5.6% year-on-year rise in its net profit to Rs 4,837 crore for the third quarter of the current financial year, supported by a strong growth in non-interest income and advances. The public sector lender surpassed Street expectations as analysts polled by Bloomberg had estimated the bank to post
Ever since the Modi government introduced the New Tax Regime in the 2020 Budget, one of the most discussed topics among taxpayers has been which tax regime is better. The answer largely depends on an individual’s income level. For instance, if someone earns up to Rs 7.5 lakh annually, they are better off under the
The government has announced the formation of the 8th Pay Commission to review the pay scales of its employees. With the economy at a critical juncture, a hike in their salaries will help boost consumption and put the economy into a higher growth trajectory, explains Lekha Chakraborty. A helping hand to drive economic recovery This
By Kiran Jani Since September 2024, the Nifty Auto Index reached an all-time high of 27,696 before undergoing a correction, hitting a low of 21,835 in January 2025—a decline of 18.20%. The Nifty 50 Index corrected 11.50% during the same period. With the upcoming RBI policy announcement and the Federal Reserve’s decision, there is growing
