Mumbai: For the fiscal year ended March 31, 2024, the Reserve Bank of India (RBI) recorded a notable improvement in its financial situation. The bank’s balance sheet increased by 11.08% to ₹70.47 lakh crore ($844.76 billion). Based on World Bank data, the RBI’s balance sheet now surpasses the combined GDPs of Bangladesh and Pakistan, which…
The global brokerage firm CLSA has identified a set of companies that stand to gain a lot in the event that Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) wins the 2024 Lok Sabha elections. Known as “Modi stocks,” these equities have already surpassed the Nifty and are predicted to rise further, especially if the…
The global brokerage firm CLSA has identified a set of companies that stand to gain a lot in the event that Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) wins the 2024 Lok Sabha elections. Known as “Modi stocks,” these equities have already surpassed the Nifty and are predicted to rise further, especially if the…
Mumbai, May 2024 Indian benchmark indices concluded on a negative note today, with the Nifty falling below 22,900 and the Sensex dropping 220 points, indicating a tumultuous trading session. The BSE Sensex closed 220.05 points, or 0.29% lower, at 75,170.45, while the NSE Nifty 50 fell 44.30 points, or 0.19%, to 22,888.20. Market Performance and…
Adani Power Share Price Dynamics Adani Power’s stock has seen significant fluctuations today, reflecting a turbulent trading session. The stock opened at ₹709.95, peaked at ₹717, and bottomed out at ₹702.35, ultimately closing at ₹706.95. With a market capitalization of ₹271,740.71 crore, the stock’s 52-week range spans from a high of ₹720.1 to a low…
Life Insurance Corporation of India (LIC) shares gained prominence on Tuesday, May 28, following the state-run insurer’s announcement of its March quarter results. LIC shares rose by as much as 2.5% to a high of Rs 1,062.45 on the NSE during morning deals, trading at Rs 1,041.9 at 9:44 AM. Q4 FY24 Financial Performance LIC…
Ztech India Limited is poised to launch its Initial Public Offering (IPO) on May 29, 2024. The IPO, structured as a book-built issue, aims to raise Rs 37.30 crores through the issuance of 33.91 lakh fresh equity shares. The subscription window will be open until May 31, 2024. Post-issue, Ztech India’s equity shares are scheduled…
Mumbai, – In a strategic move, Mukesh Ambani’s Jio Financial Services (JFS) plans to seek shareholder permission for a significant acquisition from Reliance Retail Ltd, Reliance Industries’ retail arm. Jio Leasing Services Limited (JLSL), JFS’ leasing company, intends to enter into the device leasing market by purchasing telecom equipment and devices for Rs 36,000 crore…
European stocks and US futures climbed following upbeat earnings from Nvidia Corp., reinforcing optimism over the global artificial intelligence boom. Europe’s Stoxx 600 rose by 0.3%, driven higher by a surge in the tech sector, while futures on the S&P 500 pointed to a 0.5% gain at the Wall Street open. US Treasuries remained steady…
Awfis Space Solutions IPO: A Comprehensive Overview The buzz around the Awfis Space Solutions IPO is palpable as it kicks off its journey on May 22, 2024. Investors are eyeing this opportunity closely, with the bidding set to conclude on May 27. Let’s delve into the key details of this much-anticipated offering. What You Need…
