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
Wipro has appointed Ranjita Ghosh as its global chief marketing officer, effective 1 February 2025. In her new role, Ghosh will report to chief strategist & technology officer Hari Shetty. She took over the role from Laura Langdon, who has decided to pursue other career opportunities outside the IT firm. Also ReadKarnataka govt gives nod
The recent depreciation of the rupee against the dollar is proving to be a tailwind for the Indian IT sector, which generates 50-60% of its revenues from the US market. “For every 1% depreciation in the rupee, there is typically a 0.5% increase in revenue and about a 1.5% rise in profit. This quarter, the
It’s ironic that the man, who got one of the most high-profile jobs in corporate India in 2024 and whose moves are expected to grab the headlines in the new year and beyond, once famously said that what comes to his “rescue is the fact that he never speaks to anybody”. To be fair, Noel
Property values in the National Capital Region (NCR) have shown significant increase in a rather short time span as the country’s rich continue to pour millions in this highly-promising residential market, inspired by lifestyle aspirations. According to the latest findings of the Housing Price Index (HPI), a leading indicator of price trends in India’s key
The Karnataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, expected to create approximately 5,605 jobs. The approval was given during the 64th meeting of the State High Level Clearance Committee (SHLCC), chaired by Chief Minister Siddaramaiah. Of the approved projects, three are new investments, while the remaining
