Mid & Small cap fund houses are sitting on cash right now expecting a correction after a strong run of 1-2 years. It can start correcting from tomorrow or even after 6 months… who knows. But indicators are there that a correction is likely.
Karnataka BJP MLA faces serious allegations of rape in multiple locations including Vidhana Soudha and govt car (26-09-2024)
A woman has accused BJP MLA N Munirathna Naidu of rape and coercion in a honey-trap scheme. She alleged the incidents occurred in multiple locations, including Vidhan Soudha and his government car. The Karnataka government has ordered an SIT probe into the allegations, which have led to political tensions.
NCLT allows Azim Premji Trust to convert to company limited by guarantee (26-09-2024)
Companies limited by guarantee are mainly used if the company does not per se carry out any business activity but is a cost centre
Southwest Airlines Lays Out Changes and New Offerings (26-09-2024)
The carrier’s move, including service enhancements and share buybacks, came after a hedge fund called for cost savings and better profits.
Softbank-backed Swiggy files for IPO; aims to raise about Rs 3,750 crore (26-09-2024)
Swiggy’s long-awaited public listing comes amid a booming IPO market, with 198 companies having raised $7.1 billion in the year to Sept.4, more than double the amount for the same period last year
Food delivery platform Swiggy files for Rs 3,750 cr IPO as quick comm booms (26-09-2024)
As of mid-September, 235 companies have gone public in India’s booming IPO market, raising more than $8.6 billion, LSEG data showed
Trent, BEL to enter Nifty on Monday, total $800 million inflow expected in 2 stocks (26-09-2024)
Tata Group’s retailer Trent and PSU defense major Bharat Electronics Ltd (BEL) will join the Nifty50 index on Monday, attracting a cumulative inflow of about $830 million. As part of its semi-annual review, the NSE will remove Divi’s Lab and LTIMindtree from the index, with changes effective after market close tomorrow.
Tech upgradation should empower the poor: Modi (26-09-2024)
Prime Minister Narendra Modi on Thursday said a country can aim for high achievements only if it has a big vision and asserted that technology upgradation should be to empower the poor. Speaking after launching via video link three PARAM Rudra supercomputers, developed indigenously under National Supercomputing Mission, Modi asserted that today’s India is carving new opportunities in the infinite sky of possibilities. Modi said his government has taken steps to ensure research in technology benefits the common man.