Rise in global commodities a threat: RBI
The Reserve Bank of India has warned of risks to the Indian economy due to rising crude oil prices, which are currently above $90 per barrel. While retail inflation has been brought down by lower vegetable prices, the report highlights the challenge posed by high oil prices. However, economists expect inflation to continue slowing in […]
Liquidity in the banking system slips to 6-month low
Liquidity in the banking system in India has reached its lowest level in nearly six months, causing borrowing costs to rise. Outflows from corporate advance taxes and the Reserve Bank of India’s efforts to stabilise the rupee have drained lenders of funds. The RBI has injected funds into the banking system to address the tight […]
Blue Star launches QIP to raise Rs 1,000 cr; floor price at Rs 784.55
A meeting of the Executive Management Committee of Blue Star is scheduled to be held on Friday to approve the “issue price of the equity shares” to be allotted to QIP buyers
Bitcoin climbs above $27,000 for the first time since August
Other digital assets followed suit, with smaller tokens such as Solana, Litecoin and Bitcoin Cash rallying
India may see highest growth rate among top nations in next 10 years: Ray Dalio
Dalio, who was speaking at the All-In-Summit at Royce Hall on UCLA’s campus in Los Angeles, hoped that the country’s reforms under PM Modi would translate into economic growth
Indian economy gaining strength amid weakening global prospects: RBI article
The outlook for the global economy remains ambivalent, driven by a dichotomy in macroeconomic conditions across regions, the article on ‘State of the Economy’ stated. While expectations of a ‘Goldilocks’ soft landing in the US are strengthening, concerns about slowdowns in China and Europe are rife, it said, and added that the impact of aggressive […]
Tech View: Nifty in consolidation mood, sideways trend likely. What traders should do on Wednesday
A decisive move below the immediate support of 10-day EMA at 19,940 levels could confirm further weakness for the near term, said Nagaraj Shetti of HDFC Securities.
IPO Tracker: SAMHI Hotels, Zaggle Prepaid sail through on last day; Yatra Online issue subscribed just 22% on Day 2
The initial public offer of Yatra Online was subscribed just 22% so far on the second day of the bidding process. Meanwhile, SAMHI Hotels IPO was subscribed 1.6 times and Zaggle Prepaid public issue garnered nearly 3 times bids, thus sailing through on Day 3.
JPMorgan sees India share sale boom reaching $30 billion in 2024
Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, […]
SME IPO: Jiwanram Sheoduttrai Industries shares list at 30% premium over IPO price
The Kolkata-based company launched its Rs 17.07-crore IPO on September 8, comprising only a fresh issue of 74.22 lakh equity shares which included a reservation of 3.72 lakh shares for the market maker. The remaining 70.5 lakh shares, the net issue, were divided equally amongst retail investors and HNIs, which comes to 35.25 lakh shares […]