Economic indicators are vital in determining market movements and investor mood in the dynamic world of finance. Current employment, GDP, and inflation statistics have shed light on the status of the economy today and how it will develop in the future. Examining the impact of recent economic statistics on market trends, this editorial makes forecasts…
Strategic financial leapEmcure Pharmaceuticals, a leading Pune-based pharmaceutical business, aims to raise ₹1,952 crore through an IPO. The IPO will open for subscription on July 3, 2024, offering 7.9 million equity shares worth ₹800 crore and an OFS of 11.4 million shares worth ₹1,152.03 crore. IPO Details and PriceThe IPO’s price range is ₹960 to…
Both qualified institutional buyers (QIBs) and non-institutional investors (NIIs) showed a great deal of interest in Allied Blenders and Distillers’ initial public offering (IPO), which was available for subscription from June 25 to June 27, 2024. On June 28, today, the share allotment for this IPO will be finalized. Following allocation, on Monday, July 1,…
In intraday trading on Friday, shares of Central Depository Services (India) Limited (CDSL) surged 13% to a record high of Rs 2,260 on the National Stock Exchange (NSE). This increase came after the business declared that on July 2, 2024, its board will review a first bonus issuance. The share price increased over its June…
The BSE Sensex and NSE Nifty50 reached historic highs on June 27, 2024. The Sensex peaked at 79,396 after crossing 79,000. The Nifty50 topped 24,000 at 24,087. After the June F&O series, the Nifty rose over 7%. Current Market Performance The Sensex closed at 79,243 points, up 569 points or 0.72%, and the Nifty at…
June 25, Bengaluru: Ather Energy, a renowned manufacturer of electric vehicles (EVs), has effectively transitioned from a private entity to a public limited company, marking a significant milestone in its expansion. Ather’s most recent annual general meeting approved this strategic decision, which is a significant milestone in the company’s development. In parallel with this transition,…
Mumbai, June 25: In a landmark moment for the Indian stock markets, the 30-share BSE Sensex surpassed the 78,000 mark for the first time, closing at 78,053.52, marking an impressive gain of 712.44 points or 0.92 percent. Simultaneously, the NSE Nifty hit a record high, closing at 23,722.70, up by 184.85 points or 0.79 percent….
Mumbai, June 25: Gautam Adani’s primary company, Adani Enterprises, wants to go public with airport operations in 2027-28. As per CNBC-TV18, this is a scheme to unleash riches and enhance growth. For FY25, the company needs $2 billion to $3 billion in equity. A Strategic Growth Move Since its 1994 IPO, Adani Enterprises has created…
Popular Indian two-wheeler maker Hero MotoCorp has announced that some models’ ex-showroom prices would go up from July 1, 2024. A filing with the Bombay Stock Exchange (BSE) states that the price increase might go as high as ₹1,500, albeit it would differ depending on the model and market. In order to somewhat offset increased…
Quant Mutual Fund, one of India’s most rapidly expanding asset managers, is now under investigation by the SEBI on allegations of front-running. A practice known as “front-running,” in which a smaller customer uses insider knowledge to make arrangements before a bigger client does, is illegal. According to the Economic Times, searches and seizures have been…
