Digital storytelling platform Pratilipi aims for an IPO in January 2026, depending on market conditions. The company plans to raise $12 million in a pre-IPO round at a lower valuation. Pratilipi has achieved positive cash flow and is expanding its intellectual property rights across various formats, including web series and audio.
Posts in category Economic Times
F&O traders lose nearly Rs 2 lakh cr wealth in 3 years to March with just 7.2% profit rate (24-09-2024)
Retail traders lost ₹1.81 lakh crore in futures and options trading over three years to March 2024, with only 7.2% making a profit, according to Sebi. The number of retail traders nearly doubled, contributing significantly to total turnover. Sebi plans to tighten rules to curb risky speculation among retail investors.
Sebi imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case (24-09-2024)
The Securities and Exchange Board of India has fined Jai Anmol Ambani, son of Anil Ambani, Rs 1 crore for alleged irregularities in Reliance Home Finance. Sebi claims he failed to exercise due diligence in lending practices and approved unsecured loans. Last month, Sebi also barred Anil Ambani from the securities market for five years.
Rupee rises to over 2-month high, settles lower (24-09-2024)
The rupee reached a two-and-a-half month high at 83.445 per US dollar on Monday but later settled at 83.552 due to demand from local oil companies and likely RBI intervention. FPIs have invested significantly in Indian equities and government securities, driven by the US Fed’s recent rate cut.
Fed cut effect! Sensex, Nifty zoom to lifetime highs as bulls run amok (24-09-2024)
Indian equity indices reached all-time highs for the second consecutive day, driven by a global bullish trend following the US Federal Reserve’s interest rate cut. Rate-sensitive sectors like banks, real estate, and auto saw significant gains. Investors are optimistic that the Reserve Bank of India will also reduce interest rates soon.
JP Morgan index inclusion boosts $18 bn flows into local bonds in 1 year (24-09-2024)
Since JP Morgan announced the inclusion of Indian sovereign bonds in its global debt indices, foreign investors have injected ₹1.5 lakh crore into the local market. The Federal Reserve’s recent rate cut may further boost these inflows, enhancing interest in Indian assets due to favorable economic fundamentals and a wider rate differential.
GIFT Nifty signals a muted start for D-Street. Here’s the trading setup for today’s session (24-09-2024)
Domestic markets surged as indices hit fresh highs, driven by the Fed’s aggressive rate cut. Nifty gained 3% in September 2024 and is nearing 26k levels. Key events like US GDP data, Fed Chair Powell’s speech, and monthly derivatives expiry are expected to keep markets active.
Gold prices steady after Fed policymakers back rate cuts (24-09-2024)
Gold prices remained steady after reaching an all-time high, following comments from U.S. Federal Reserve officials supporting future interest rate cuts. Spot gold held near $2,625.52 per ounce, while U.S. gold futures slightly declined. The Fed’s easing policy and geopolitical tensions in the Middle East also influenced market sentiments.
Oil prices rise on concerns of wider Middle East conflict, US storm (24-09-2024)
Oil prices rose on Tuesday due to concerns over the conflict between Israel and Hezbollah affecting supply in the Middle East and a potential tropical storm impacting U.S. output. Brent crude futures increased by 0.3% to $74.11 a barrel, while U.S. crude futures rose by 0.3% to $70.61.
Wall St ends slightly higher after Fed policymakers back rate cuts (24-09-2024)
U.S. stocks closed slightly higher on Monday as investors evaluated the impact of the Federal Reserve’s recent rate cut. Gains were driven by comments from Fed officials and steady factory activity data. The Dow, S&P 500, and Nasdaq all saw modest increases, with energy stocks leading gains and healthcare stocks declining.