Pranik Logistics IPO opens on October 10, priced at Rs 73-77 per share. Proceeds will be used for working capital, technology development, and expansion of fleet and warehousing capabilities.
Posts in category Economic Times
Bitcoin isn’t as volatile as it seems: 5-year risk-reward mirrors gold, says Mudrex CEO (09-10-2024)
Edul Patel highlighted that Bitcoin’s volatility is comparable to Gold and S&P 500, making it a suitable long-term investment. He emphasized the need for research, diversification, and compliance with regulations for successful crypto investments.
India bond yields to glide lower as FTSE Russell inclusion opens door to more inflows (09-10-2024)
Demand for Indian government bonds will rise, maintaining lower yields, following FTSE Russell’s decision to include them in its index from September 2025. This follows earlier inclusions by JPMorgan and Bloomberg. Bonds with 5 to 10-year maturities will benefit the most. Foreign investment is expected to increase, diversifying ownership and keeping borrowing costs stable.
Portfolio strategy? Samir Arora says auto one of the worst sectors to invest in (09-10-2024)
Samir Arora, Founder of Helios Capital, discusses how last quarter’s overall disappointing numbers were obscured by losses in the oil and gas sector, while financials are expected to perform well. He notes IT may see growth, and advises focusing on both new consumer trends and traditional sectors, cautiously observing the auto sector’s uncertain outlook.
What to expect from IT sector going ahead? Dikshit Mittal answers (09-10-2024)
So, timing may be little uncertain, but it will happen in December, maybe later. But what we think is within the next six months, we think we are decisively on the rate cut trajectory.
Will RBI start cutting interest rates from December or March? Here’s what experts predict (09-10-2024)
The RBI may start interest rate cuts beginning December 2024, with further reductions in early 2025, based on inflation trends and global economic conditions. Analysts note that demand has softened, and global central banks, including the US Federal Reserve, are easing policies, which supports potential rate cuts in India.
Ashok Leyland shares rise 0.47% as Nifty gains (09-10-2024)
The stock quoted a 52-week high price of Rs 264.7 and a 52-week low of Rs 157.65.
Vedanta shares rise 0.37% as Sensex climbs (09-10-2024)
A total of 366,877 shares changed hands on the counter till 01:59PM (IST)
Cryptocurrency prices on October 9: Bitcoin holds above $62,000; BNB, Shiba Inu rise up to 4% (09-10-2024)
Cryptocurrency prices exhibited mixed trends with Bitcoin trading above $62,000 despite minor volatility, and Ethereum gaining slightly. Solana and XRP faced small declines. Experts suggest easing geopolitical tensions and Binance’s NFT marketplace launch are influencing the market, while Bitcoin remains range-bound with key support at $60,000 and resistance at $63,100.
Varun Beverages to raise Rs 7,500 cr for expansion; board approves QIP (09-10-2024)
Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutions Placement (QIP) route to fund its growth plans.