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
Senior citizens often require funds for various reasons. Medical emergencies, home renovations, or supporting children’s education are common needs. Some may seek loans to consolidate debt or finance a large purchase. With increasing life expectancy, managing finances during retirement has become more critical. However, securing a loan in retirement can be challenging for senior citizens
The debate over India’s tax structure has reignited after a tweet by SEBI-registered Research Analyst A K Mandhan highlighted stark disparities in taxation. The figures shared in his tweet have sparked outrage, particularly among salaried employees, who bear a significantly higher tax burden compared to other sectors. ALSO READSIP portfolio down by 20-30 pc in
Real estate investments in the Asia Pacific market have increased by 12 per cent YoY to reach $155.9 billion in 2024, stated a report by Colliers. The growth, it added, underscores the continued resilience of the region’s top nine markets – Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan.
Vodafone Idea (Vi), a well known penny stock, surged nearly 5% in early trade on Wednesday, March 19, reaching a day’s high of Rs 7.47 on the NSE. The rally comes after the company announced the launch of its 5G services in Mumbai. At the time of writing, the share price of Vi was trading
The metal stocks are in focus this morning, especially the steel stocks. Some of the steel stocks like SAIL, JSW Steel and Tata Steel are up smartly with as much as 4% intra-day gains. The Nifty Metal Index is up 1.4% and the BSE Metal Index is up 1.5% intra-day. This is after the Commerce
