Shares of Anil Ambani-led Reliance Infrastructure is in focus after shareholders overwhelmingly approved the company’s plan to raise Rs 6,000 crore through a Preferential Issue and Qualified Institutional Placement (QIP). The resolutions received over 98% of votes in favour during a postal ballot, signalling strong support for the move. Reliance Infrastructure’s Preferential Issue Details In
Gold and silver rates today, October 21 The 24-carat gold rate in India was Rs 77,770 per 10 grams on October 18. The rate for 24-carat gold per gram is Rs 7,777. The rate of 22-carat gold was Rs 71,289 per 10 grams. The rate of 24-carat gold has risen by 2.26% in the last
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Monday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended unchanged at 24,891 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday
By V K Sharma Foreign institutional investors (FIIs) continue to sell Indian stocks in their penchant for Chinese stocks, hoping the Communist Party of China (CPC) will take more concrete steps to address the long pending structural issues in China. Till Friday, October 18, the FIIs have sold stocks valued at around Rs 80,220 cr
The National Stock Exchange of India (NSE) has increased the lot sizes for its five index derivatives contracts–Nifty, Nifty Bank, Nifty Financial Services, Nifty Midcap Select and Nifty Next50, in accordance with the Securities and Exchange Board of India’s (Sebi’s) latest futures and options (F&O) regulations. The lot size for Nifty 50 will see a
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
The Indian retail sector continues to witness robust growth, driven by macroeconomic factors of rapid urbanization, rising affluence, and evolving consumer preferences. According to the latest RELEAP report by ANAROCK Retail, the sector has seen significant leasing momentum, with demand consistently outpacing supply for the third consecutive year. Key Highlights: Leasing Momentum: In 2024, over
8th Pay Commission: Ever since the government announced the new pay commission, there has been an ongoing debate around the fitment factor, basis of which the revision in the salary and pension of central government employees and retirees will be decided. As reports suggest, the fitment factor under the 8th Pay Commission could be anywhere
In a major setback for telecom majors – Vodafone Idea and Bharti Airtel – government sources have confirmed to CNBC TV18 that Adjusted Gross Revenue (AGR) waiver is no longer under consideration. Media reports had earlier stated that the government is considering waiving 50 per cent interest and 100 per cent of penalties and interest
Salaries are predicted to grow at a slightly slower rate in 2025, with an average increase of 9.4%, down from 9.7% in 2024, according to a survey by Omam Consultants, a human resources consulting firm. Industry-wise salary growth projections Industries such as automotive, fast-moving consumer goods (FMCG), and pharmaceuticals are expected to experience double-digit growth.
The fast-moving consumer goods (FMCG) sector is expected to see revenue rebound 100 to 200 basis points (bps) to 6-8 per cent in fiscal 2026 in comparison with a more modest 5-6 per cent expected in fiscal 2025, stated a report by Crisil Ratings. This will be led by volume rise of 4-6 per cent
