The Initial Public Offer (IPO) of airport service aggregator platform DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription. The IPO received bids for 1,85,76,916 shares against 94,83,302 shares on offer, according to data available with the NSE. The category for Retail Individual Investors (RIIs) …
BSE, NSE settlement holiday on 16 Aug, share trading to remain open; check what happens to this week’s trades
Stock exchange clearing houses mark settlement holiday on Tuesday, 16 August 2022, on account of Parsi New Year. On settlement holiday, trading in equity markets takes place as usual, but clearing and settlement remain shut for Payin and Payout of stocks and funds. It may be noted that the trading holiday is different from the …
EB-5 Regional Centers to showcase projects at the IREX residency and citizenship conclave
The EB5 Visa Program is an investment-based visa program offered by the US government that offers a path to permanent residency in the U.S to foreign investors who make significant investments in the U.S. that as a result create at least 10 permanent jobs in the U.S. economy. EB-5 Visa Program was launched in 1990 …
Rakesh Jhunjhunwala stocks stay firm despite rocky start
By Ashley Coutinho Despite some early wobbles, shares of companies in which ace investor Rakesh Jhunjhunwala held sizeable stakes remained steady on Tuesday, the first day of trading since his demise. Star Health and Allied Insurance and Metro Brands were down 1% and 0.5% in early trade before ending the day 0.5% higher and 1% …
Share Market Highlights: Sensex closes 89 pts higher at 58387, Nifty closes just shy of 17400
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices saw a volatile trading session on Friday. S&P BSE Sensex danced between gains and losses for most of the day before closing 89 points or 0.15% higher at 58,387. NSE Nifty 50 index added 15.5 points or 0.09% to settle at 17,397. …
Govt reviews windfall gains tax, cuts cess on crude; hikes export duty on jet fuel, diesel
Central government in its fortnightly review of windfall gains tax on August 18 cut the cess on crude oil to Rs 13,000/tonne from Rs 17,750 per tonne earlier. The export duty on aviation turbine fuel (ATF) has been hiked to Rs 2 per litre from nil, while the export duty on diesel has been raised …
India @75: India’s markets- Looking back & looking ahead
By Rashesh Shah Remember to celebrate milestones as you prepare for the road ahead – Nelson Mandela. DemocratisationThe evolution of the Indian capital markets mimics the India growth story. Post-Independence, capital markets were in their nascent phases. Private sector was yet to develop, and regulations were stringent. The 80s saw a boom with increased private …
Market share gains tough in competitive auto space
Maruti Suzuki has never been so busy. It has launched 10 models in less than two years, but despite this model onslaught – of which four are SUVs – the carmaker’s market share hasn’t changed much. Maruti Suzuki ended H1FY24 with 42.17% market share, having sold 873,107 cars in a total market of 2,070,163 units, …
Gold Price Today, 11 August 2022: MCX Gold prices may trade in Rs 51800-52250 range, support at Rs 51800
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading weak in India on Thursday, mirroring the global trends. On Multi Commodity Exchange, gold October futures were ruling Rs 160 or 0.3 per cent down at Rs 52,081 per 10 gram, as against the previous close of Rs 52,241. Silver September futures …
Gold Price Today, 19 Aug: Gold prices fall on rate hike fears, may trade neutral to bearish; support at 51300
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading lower in India on Friday, on the back of weak global cues. On Multi Commodity Exchange, gold October futures were down Rs 136 or 0.3 per cent, at Rs 51,467 per 10 gram, against the previous close of Rs 51603, Silver September …