Notwithstanding the blood bath on the exchange, three companies made sterling debuts across the main board and SME exchange on Monday. In all, 12 companies that raised about ₹1,052 crore through IPOs will get listed this week. Of these, three companies — Manba Finance, The Rappid Valves and Wol India 3D — were listed on…
Life insurance policies that also promise guaranteed income entice people with claims such as: “Pay ₹1 lakh for 10 years and get ₹22 lakh lump sum after 20 years”, or “pay ₹1 lakh for 12 years and start getting ₹2 lakh from the 14th year onwards for the following 12 years”. A potential buyer may…
Image used for representative purpose only | Photo Credit: Reuters Key stock indices on Monday (September 30, 2024) slid about 1.5% on fears over escalating geopolitical tensions in West Asia. The S&P BSE Sensex fell 1,272 points or 1.49% to 84,299.78. The Sensex stocks which lost the most included Reliance down 3.23%, Axis Bank (3.12%),…
Tractors and Farm Equipment Limited (TAFE) on Monday said it has filed a contempt petition against US-based AGCO Corporation alleging disobedience of orders of a Commercial Court in Chennai. TAFE also asserted its claims over the ownership of the Massey Ferguson brand. TAFE, the second largest producer of tractors in India and the third largest…
Target: ₹1,318 CMP: ₹1,009.65 Adani Energy Solutions Limited (AESL) is operating a mix of regulated and unregulated businesses. It has transitioned from operating regulated transmission assets to becoming a leader in competitively built transmission and from operating regulated distribution assets to emerging as a leader in smart meter assets. It has tapped into unregulated businesses…
“Earn ₹200 crore in 30 years through a ₹5,000 monthly SIP in a smallcap index,” screamed a video on social media. The video rather boldly based the calculations on the 30% annual returns of a Nifty Smallcap 250 index fund over the past five years. While such returns are attractive, they’re not sustainable. Here’s why….
Target: ₹3,500 CMP: 3,440.25 We visited Navin Fluorine’s plant based in Dewas, Madhya Pradesh which caters to its CDMO business vertical. The company manufacture pharma intermediates for commercialised (50-60 per cent) and last-stage molecules. The management revisited its CDMO guidance of $100 million by FY27 on the back of execution of cGMP-4 phase-1 (dedicated for…
Facing an immediate medical emergency or relocating for a new job can evoke a mix of emotions—worry, excitement, and the added concern of securing funds. In such situations, personal loans can offer a viable financial solution. A personal loan provides a lump sum amount that can be quickly transferred to your bank account, allowing you…
A man stands next to a logo of the Reserve Bank of India (RBI) in Mumbai. | Photo Credit: Reuters India’s current account deficit (CAD) widened marginally to $ 9.7 billion (1.1% of GDP) in Q1:2024-25 from $8.9 billion (1.0% of GDP) in Q1:2023-24 and against a surplus of $4.6 billion (0.5% of GDP) in…
Capital market regulator SEBI has approved the initial public offering of Vishal Mega Mart, ACME Solar Holdings and packaging equipment manufacturer Mamata Machinery. On the other hand, the regulator has returned the draft offer document of manpower services company Innovision. The company had proposed to raise ₹315 crore through issue of fresh shares and an…
