Protean eGov Tech IPO to open on November 6. Here are 10 things to know about the offer
Protean eGov Technologies is a leading IT-enabled solutions company engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions.
Wealth Multiplier! Rs 10,000/month SIP in this HDFC fund would have turned to Rs 7 crore in over 20 years
An SIP of Rs 10,000 invested systematically every month in HDFC Top 100 Fund would have grown to Rs 6.88 crore by September. The HDFC Top 100 fund, which predominantly invests in largecap stocks, has completed 27 years since its launch. The scheme has given around 14% returns on SIP investments made for a period […]
Eroding geopolitical risk premium not in favour of gold’s appeal
The yellow metal was down 0.60% on the week. The ten-year US yields fell 1.82% to 4.58% on Friday and slumped nearly 6% on the week. Likewise, the two-year yields settled 3% lower at 4.84% on the week. The US Dollar fell 1.07% to 105.06 on Friday as it recorded a weekly loss of around […]
Diwali 2023 picks: These 9 stocks by Axis Securities can brighten your portfolio
The Indian economy currently finds itself in a sweet spot of growth and is well-poised for continued resilience in the face of global challenges.
Tesla’s dimming growth puts 7 biggest S&P500 companies under spotlight
Tesla shares have been the worst performer in the group by a significant margin, since the third-quarter earnings season kicked off in mid-October. The stock sank fast after the company’s chief executive officer Elon Musk dialed back growth expectations amid slowing demand and dour forecasts from other automakers.
Ahead of IPO, Protean eGov Tech collects Rs 143 crore from anchor investors
The maiden public issue is purely an offer of sale (OFS) by existing shareholders. The OFS size has been reduced to 61.91 lakh equity shares from 1.28 crore equity shares planned earlier.
Centre’s market borrowings via bonds cross Rs 100 lakh-crore mark
The latest Reserve Bank of India (RBI) data showed that the outstanding stock of central government bonds, excluding special securities, was at ₹100.2 lakh crore. In 2017, the figure was around the ₹50-lakh-crore mark. The surge since then reflects the huge increase in government borrowing from 2020 onward, when the Centre’s bond issuances in a […]
Finance ministry releases Rs 10,000 crore in urgent aid for NREGS
The unusual move came after 95% of the FY24 budgetary outlay of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was exhausted well before the commencement of the winter session of parliament, thanks to a rise in work demand, the official told ET.