Sebi puts SK Finance’s Rs 2,200-cr IPO in abeyance
Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of vehicle finance and business loan-focused non-bank lender SK Finance. Without disclosing the reason, Securities and Exchange Board of India (Sebi) said “issuance of observations (has been) kept in abeyance” with regard to the IPO of SK Finance, an updated showed on […]
NITI Aayog to hold next governing council meeting on July 27
The meeting, to be chaired by Prime Minister Narendra Modi, is expected to be attended by chief ministers of all states and lieutenant governors of union territories besides the top minister of the Modi cabinet and will deliberate on the government’s Vision 2047 for a Viksit Bharat.
Tech View: Nifty charts hint at indecisiveness; key hurdle at 24,400; here’s how to trade on Tuesday
Nifty’s short-term outlook remains positive, with a potential range-bound movement in the coming sessions. However, a decisive move above 24,400 could spark a significant market rally, according to HDFC Securities’ Nagaraj Shetti.
These 6 largecap MFs turn Rs 5 lakh lumpsum investment into Rs 1 crore in 20 years
ETMutualFunds data reveals six large-cap mutual funds turned Rs 5 lakh into Rs 1 crore over 20 years. Notably, 11 funds have completed two decades. HDFC Top 100 Fund achieved Rs 1.51 crore, growing at 18.58% CAGR from Rs 5 lakh.
“Sad to see losses”: Angry Zerodha users take to social media to complain of fresh glitch
Multiple Zerodha users on Monday took to social media to complain about tech glitches related to placed orders. While the broker updated that the glitch has been fixed, investors expressed their anger on social media.
Harshit Kapadia is gung-ho on capital goods & defence; betting on 5 stocks
Harshit Kapadia of Elara Securities prefers Hindustan Aeronautics, Bharat Electronics (PSU) and Data Patterns, Astra Microwave, Zen Technologies (private). Modi’s Russia visit for defense ties boosts small arms and air defense. Hindustan Aeronautics tops Kapadia’s list. Indigenization, order books, manufacturing, shipbuilding timelines (6-11 years), and fighter aircraft offer valuation gaps for PSU stocks.
Budget 2024: EEPC India pushes for export boost, calls for higher interest subvention
EEPC India has also proposed that MSME manufacturing units that are Partnership/LLP/Sole Proprietor be given an Income Tax slab of 25% with the condition that they plough back this extra 10% in the business.
Modi-led NDA govt should focus on raising farm productivity and improving supply chain: Ashima Goyal
Ashima Goyal emphasised that capacity needs to expand in health, education, environment, courts, policing as well as in infrastructure. “Rising agricultural productivity and strong supply chains are necessary to reduce volatility in food prices,” she said, adding that many of these require good coordination with the states.
BSE SME IPO index crosses 1 lakh mark after over 5,000% rally in just 5 years
BSE SME IPO: While the Sensex eyes 100,000 in 1-2 years, the BSE SME IPO index has already hit this milestone. Small companies entering public markets, driven by investor demand, led to this achievement. The SME IPO market surged over 5000% in 5 years and doubled this year alone.
Will Budget 2024 pivot to populism? Here’s what Goldman Sachs analysts predict
Amid investor concerns over potential fiscal policy shifts towards welfare spending, Goldman Sachs holds a contrary view, citing limited fiscal room due to high public debt. They emphasize India’s infrastructure improvements, suggesting policymakers may prioritize sustained growth over short-term boosts.