Posts in category Business Standard
Markets piggyback on Reliance Industries rally; Sensex rises 271 points (10-01-2024)
Shares of RIL rose 2.7 per cent to end at a new record of Rs 2,650, valuing the firm at Rs 17.93 trillion. The stock surpassed its previous record high of Rs 2,620 on July 20, 2023
Old Bridge MF launches maiden offering in old bridge focused equity fund (10-01-2024)
As per the fund house, the scheme will go by the 'buy and hold' strategy and will look to invest in companies that have low debt and high capital efficiency
India ‘coolest party in town’ for all global investors: Zerodha Co-Founder (10-01-2024)
Global investors face the risk of losing out if they arrive too late in India, which is the "coolest party in town", discount brokerage Zerodha Co-Founder & CFO, Nikhil Kamath, said on Wednesday.
In his address at the Vibrant Gujarat Global Summit here, Kamath said in the last decade, India's entrepreneurship has evolved and the startup ecosystem has prospered under the vision and leadership of Prime Minister Narendra Modi.
"... to all the foreign investors here, India is seemingly looking like the coolest party in town. I think what you need to be aware of is if you arrive too late, you might not get in," Kamath remarked.
The big change in India in the last decade has been that entrepreneurship has moved from something that was only aspired or watched in movies to everyone "actively trying" for it.
"The last ten years have been incredible and I'm not the only exception here in India. There are many other exceptions like me, we all hang out. We call this the startup ecosystem of ..
Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day (10-01-2024)
The Initial Public Offer (IPO) of Jyoti CNC Automation got subscribed 3.92 times on the second day of bidding on Wednesday.
The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) received 11.08 times subscription while the portion for non-institutional investors got subscribed 6.49 times. The quota for Qualified Institutional Buyers (QIBs) attracted 22 per cent subscription.
Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The public issue, with a price band of Rs 315-331 per share, will conclude on Thursday.
Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti CNC Automation is a manufacturer of Computer Numerical Control (CNC) machines. Its customers include ISRO, BrahMos ..
Sebi puts Manappuram Finance’s arm Asirvad Micro Finance IPO on hold (10-01-2024)
Reacting to the development, shares of Manappuram Finance plunged as much as 7.45% to a low of Rs 163.40 apiece on the BSE on Wednesday
BlackRock, Ark Investment lower fee for planned spot bitcoin ETFs (10-01-2024)
BlackRock's iShares Bitcoin Trust would charge 0.25%, compared with the 0.30% fee set earlier. ARK 21Shares Bitcoin ETF lowered its fee to 0.21% from 0.25%
Barclays raises target on Europe’s STOXX 600 to 510 from 485: Report (10-01-2024)
The new target represents a roughly 7 per cent upside from current levels
Govt escalates clampdown on offshore crypto venues like Binance: Report (10-01-2024)
Govt last year imposed money-laundering provisions on the crypto sector as it tightens oversight of digital assets
‘With 2 to 5% allocation Bitcoin good addition to investor’s portfolio’ (10-01-2024)
Die-hard equity pundits may have been denouncing cryptocurrencies as a giant scam but Bitcoin has emerged as a clear leader and having a small portion of digital currency in one's portfolio could be a smart move, claims a new book.
In "Investing Decoded: Simple Path to Building A Portfolio in Millions", Anirudh Rathore provides a beginner's guide to acquiring the tools and mindset required to start securing one's financial future.
Taking risks, according to the author, is a key part of investing. He encourages investors to see the market as a tool for long-term success and to stick to their choices rather than changing stocks frequently, which can hurt performance.
Rathore, who taught himself to invest during the uncertainties of the pandemic, emphasises that one doesn't need a finance degree to start growing money. He suggests starting investing as soon as one starts earning, even if it's a small amount.
"I know it sounds easier to say than to actually accomplish it but all those
Five NBFCs look to raise Rs 2,750 crore via public issue this month (10-01-2024)
The proceeds from the issue will be used for interest payment of existing borrowings, further lending, business operations and expansion plans