Aeroflex Industries IPO: Aeroflex Industries’ Rs 351-crore IPO opened for subscription today, 22 August. The public offer comprises a fresh issue of shares worth Rs 162 crore and an offer-for-sale (OFS) component with promoters and shareholders offloading shares totalling Rs 189 crore. The firm has set the price band for the IPO at Rs 102-108 […]
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National Pension System: Tax benefits of investing in NPSNational Pension System: Tax benefits of investing in NPS
The ‘Tax Saving Season’ is back upon us. It is that time of the year when the HR department asks for proof of investments and employees start focussing on optimizing their tax liabilities and taking advantage of various avenues to save on income tax. One of the lesser-known but very important tax saving instruments is […]
Dhanlaxmi Bank shares recover from plunge led by director exitDhanlaxmi Bank shares recover from plunge led by director exit
Shares of private lender Dhanlaxmi Bank recovered on Monday after plunging 9% following the exit of Sridhar Kalyanasundaram, an independent director who cited differences with the board on matters including the bank’s rights issue and capital position. The shares bounced back to trade 5.5% higher at 30.85 rupees as of 01:31 p.m. IST. Kalyanasundaram was […]
Basmati’s mandi prices in Haryana, Punjab declineBasmati’s mandi prices in Haryana, Punjab decline
Soon after the imposition of minimum export price (MEP) of $1,200/tonne on Basmati rice till October 15, mandi prices of early maturity Pusa Basmati 1509 paddy declined by Rs 500/quintal to Rs 3,300/quintal in Haryana and Punjab on Tuesday. Traders in several mandis of Haryana and Punjab, to whom FE spoke, said that the short […]
Technology advancement will disrupt digital wealth management industryTechnology advancement will disrupt digital wealth management industry
By Gagan Singla A fool can earn money; but it takes a wise man to save and dispose of it to his own advantage.’ This quote of Brigham Young’s is a popular one among wealth managers. Wealth management is all about investing one’s assets in an intelligent manner to get the best returns. Wealth managers […]
Markets fall in early trade on weak global trends ahead of US Fed interest rate decisionMarkets fall in early trade on weak global trends ahead of US Fed interest rate decision
Equity benchmark indices fell in early trade on Wednesday in tandem with weak trends in global markets ahead of the US Federal Reserve’s interest rate decision. Foreign fund outflows and a weak trend in index major HDFC Bank also added to the overall bearish trend. Among the Sensex firms, HDFC Bank fell the most and […]
Dhoni dhamaka at Chepauk! All glitz and glory of 1st IPL qualifier: CSK vs GT – In PICSDhoni dhamaka at Chepauk! All glitz and glory of 1st IPL qualifier: CSK vs GT – In PICS
1/12 In yesterday’s IPL match held on May 23, Tuesday, the Chennai Super Kings emerged victorious over the Gujarat Titans in the first qualifier of IPL 2023. The match took place at the MA Chidambaram Stadium in Chennai, and as a result of this win, the Chennai Super Kings secured a spot in the final. […]
Closing Bell: Nifty ends above 19,340, Sensex crosses 65,087 after choppy session; broader markets along with real estate shine, banks under pressureClosing Bell: Nifty ends above 19,340, Sensex crosses 65,087 after choppy session; broader markets along with real estate shine, banks under pressure
On Wednesday, the equity indices NSE Nifty 50 and BSE Sensex closed in the green, albeit flat. Nifty 50 ended the day at 19,347.45, while Sensex concluded the trading session at 65,087.25. The broader markets mostly closed in positive territory, driven by gains in mid and small cap stocks. The Nifty Smallcap 50 and Nifty […]
TVS Motor Company’s Sales Grow By 25% in December 2023TVS Motor Company’s Sales Grow By 25% in December 2023
TVS Motor Company recorded monthly sales of 301,898 units in December 2023 with a growth of 25% as against 242,012 units in the month of December 2022. Total two-wheelers registered a growth of 27% with sales increasing from 227,666 units in December 2022 to 290,064 units in December 2023. Domestic two-wheeler registered growth of 33% […]
H2 crude price retained at $85/bbl despite global supply cutsH2 crude price retained at $85/bbl despite global supply cuts
The Reserve Bank of India has retained its projection for the price of Indian crude oil basket in the second half of the current financial year at $85 a barrel despite global production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC), Saudi Arabia, and Russia till the end of the year. The […]