Stocks ripe for buying till 2024 polls: Three sectors in spotlight
“We are researching the insurance sector. Some of the businesses seem to be looking at earnings coming back to an extent and so that is one space I am looking at. Among others, engineering and the capital goods sector continues to be very interesting and pharma looks very interesting once more.”
Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong
Alibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation to proceed
Aditya Birla Capital infuses Rs 750 crore into arm AB Finance to fund growth plans
Aditya Birla Finance’s assets under management (AUM) as of June 30, stood at Rs 85,891 crore, up 49% from the year-ago period. The fund infusion by the Aditya Birla Group company comes just a day after Bajaj Finance said its board will meet on October 5 to consider raising funds through preferential issue of shares […]
State-owned Wapcos not to proceed with IPO, withdraws papers filed with Sebi
The reason for the withdrawal is not known yet. The public sector firm had filed its draft red herring prospectus with Sebi in September last year. The public issue was to be an offer-for-sale where the government will sell up to 3.25 crore shares.
Tech View: Nifty forms Inside Body candle. What traders should do on Wednesday
The inability of bulls to witness any sustainable upside bounce from here could eventually result in a decisive downside breakout of the present range movement
Nithin Kamath explains why opening free demat accounts is bad for biz
It said that if there was no account opening fee to recover the cost, the business could implicitly be pressured to get a customer to transact to recover that cost.
Your Demat, MF investments might be frozen if nominated details are not updated by Sept 30
On June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022. The deadline was then extended to October 1, 2022, then to March 31, 2023, and then to September 30, 2023.
Fincare Small Finance Bank, Western Carriers get Sebi’s go ahead for IPOs
The bank would utilise net proceeds from the fresh issue towards augmenting its Tier-1 capital base to meet future capital requirements.
Is old warhorse Bajaj Finance stocking $1 billion ammunition to ward off threat from Ambanis?
While the finer details on Mukesh Ambani’s gameplan in the financial services sector is yet to be made public, Jio Financial has plans to foray into consumer, merchant and MSME lending. Market reports suggest that the company has already started consumer lending pilots in consumer durable and lifestyle stores owned by Reliance Retail.
Power stocks rally up to 100% in FY24. Should you chase the momentum?
Shares of PSU Bharat Heavy Electricals Limited (BHEL), which manufactures power generation equipment, has grown 77% so far in FY24, while JSW Energy is also up 75%. Investors are also paying attention to PSU utilities like NTPC and NHPC, which have given returns of 36% and 30% in FY24, as they look inexpensive and come […]