The IPO comprises a fresh issue of equity shares of face value Rs 10 each of AVTL (equity shares), for an amount aggregating up to Rs 4,000 crore
Japanese markets edge notably higher (29-10-2024)
Ahead of the Bank of Japan policy meeting on Thursday, the head of the opposition Democratic Party for the People said that the central bank should avoid making big changes in its ultra-loose monetary policy.
Spandana Sphoorty Financial Ltd leads losers in ‘A’ group (29-10-2024)
Ashapura Minechem Ltd, Ideaforge Technology Ltd, Firstsource Solutions Ltd and Symphony Ltd are among the other losers in the BSE’s ‘A’ group today, 29 October 2024.
China Shanghai composite index moves down 1.08% (29-10-2024)
Traders also remained apprehensive that a Donald Trump victory in the upcoming U.S. presidential election may slow global growth.
Kirloskar Brothers spurts after Q2 PAT soars 90% YoY (29-10-2024)
Kirloskar Brothers advanced 3.13% to Rs 1,798 after the company’s consolidated net profit surged 89.88% to Rs 95.3 crore on 14.72% increase in revenue from operations to Rs 1,035.8 crore in Q2 FY25 over Q1 FY25.
Indian Bank soars 17% in 2 days on healthy Q2 results; nears 52-week high (29-10-2024)
Motilal Oswal Financial Services reiterated its ‘BUY’ rating on Indian Bank with a revised target price of Rs 650 per share.
66,92,535% return possible in 1 day? Smallcap stock Elcid just did that and even broke MRF record (29-10-2024)
Elcid Investments’ stock price surged from Rs 3.53 to Rs 236,250 in a single day during a special call auction for price discovery. This monumental rise, driven by the company’s high book value, has made Elcid India’s most expensive stock, surpassing MRF’s share price.
Arman Financial Services Ltd (29-10-2024)
What a massive derating this stock has undergone. While it’s a good time to evaluate the stock. Need to understand how bad the pain is in MFI sector. There is a slowdown going on in the economy represented by large cap stocks earning.
I was waiting for this stock to derate when it was trading at extreme valuation. Now that it has derated hugely. It’s a good time to evaluate things. Can you please provide your valuable guidance based on your experience what to do in such cases? I’m not looking for a buy n sell reccomandation 
CBDT notifies Tolerance Range for Transfer Pricing for A.Y 2024-25 (29-10-2024)
The Central Board of Direct Taxes (CBDT) has issued notification no. 116/2024 dated October 18, 2024 notifying the tolerance range for AY 2024-25. The notification of tolerance range shall provide certainty to taxpayers and reduce the risk perception associated with pricing of a transaction in transfer pricing.
Proviso to sub-rule(7) of rule 10CA sub-rule(7) provides that, “if the variation between the arm’s length price so determined at which the international transaction or specified domestic transaction has actually been undertaken does not exceed such percentage not exceeding three percent of the latter, as may be notified by the Central Government in the Official Gazette in this behalf, the price at which the international transaction or specified domestic transaction has actually been undertaken shall be deemed to be the arm’s length price.”
Anant Raj Limited (29-10-2024)
this didn’t seem to have any negative effect on the stock price. can anyone tell why?