GST mop-up grows 12% YoY in June to Rs 1.61 lakh crore
Bolstering the theme, automobile companies reported a sixth straight month of 300,000-plus sales in June, indicating a strong first FY24 quarter for the economy. Fuel demand eased in the month from May highs. Monthly GST collection crossed the Rs 1.60 lakh crore mark for the fourth time ever, riding a vigorous economy, continued economic momentum […]
On Front Foot! Zomato consistently eating market share to trump Swiggy
Zomato’s food delivery business grew faster than Swiggy’s in 2HCY22
With $3 trillion market cap, Apple all set to create sustainable value: Uday Kotak
Apple Inc’s market capitalization reached over $3 trillion on Friday, making it the world’s most valuable company. The stock closed at $193.97 a share, and the market cap stood at $3.05 trillion. Strong sales of iPhones and expectations for the release of the Apple Vision Pro mixed-reality headset have fueled the rally. Citigroup Global Markets […]
Senco Gold IPO to open on July 4: Here are 10 things to know about the offer
Senco Gold, the largest jewellery retail player in the eastern region, is set to launch its initial public offering (IPO) on July 4. The IPO comprises a fresh equity issue of up to Rs 270 crore and an offer for sale (OFS) of up to Rs 135 crore. The price band is set at Rs […]
SME stock to migrate to NSE on Monday after over 2,000% rally in 4 years
Gensol Engineering, known for its multibagger returns, will move from the BSE SME platform to the main board of the National Stock Exchange (NSE) on July 3. The company received approval after submitting its listing application and equity listing agreement. Gensol Engineering’s shares have seen remarkable growth, increasing over 2,000% since its listing and doubling […]
AMC shares rally on Sebi’s TER call, analysts expect re-rating
Shares of domestic mutual funds experienced a rally of up to 14% after the Securities and Exchange Board of India deferred its decision to lower the total expense ratio (TER). The reduction in TER would have impacted the profitability of the mutual fund industry. The regulator now plans to rework the TER plan, with the […]
Learn with ETMarkets: Step-by-step guide on algo trading for small & medium retail traders
Algorithmic trading, also known as algo-trading, is gaining popularity among Indian retail traders. It involves executing trades using algorithms that continuously monitor chosen stocks/indices and generate orders on behalf of the trader. Algo trading is not only for programmers as anyone can operate complex algorithms with ready-made commands. It is important to note that algo […]
Foreigners flock to snap up 18.75% yield on Pallonji group company’s low-grade bond
Indian companies experienced the largest influx of foreign investment in their bonds in five years as the country’s largest-ever low-grade local currency debt sale attracted overseas investors enticed by the high yields. Goswami Infratech, a Shapoorji Pallonji group company, raised INR 143 billion ($1.7 billion) by selling zero-coupon bonds through private placement, offering a yield […]
Wall Street Week Ahead: After first-half rally, stocks’ July winning streak on the line
As the U.S. stock market enters a historically strong month, investors are cautiously optimistic. The S&P 500 and Nasdaq Composite have shown significant gains in the first half of the year, defying recession fears and banking crises. However, uncertainty looms as the Federal Reserve plans to raise interest rates. Investors will closely monitor employment data, […]