JSW Cement files DRHP for Rs 4,000 crore IPO. Check details
India’s JSW Cement filed draft papers for an initial public offering worth up to 40 billion rupees ($476.7 million) on Friday, aiming to cash in on the country’s booming stock market and strong demand for the building material.
Hindustan Zinc OFS: Promoter Vedanta to exercise over subscription option
Vedanta Limited expanded its sale of Hindustan Zinc Limited shares by including an oversubscription option. The offer increased to a total of 1.51% of HZL’s equity share capital. A portion of the equity shares is reserved for retail investors, with allocation scheduled for August 19, 2024. The sale aims to attract substantial interest from investors.
Madhabi Puri Buch earned revenue in potential rules violation, documents show
The head of India’s markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters.
Gold Price Today: Yellow metal jumps by Rs 1,200/10 gram, silver dearer by Rs 2,500/kg. Here’s why
Gold prices jumped by 1.7% or Rs 1,200 per 10 gram on Friday taking cues from prices in the international market. The rally was on the back of growing hopes of the September interest rate cut by the US Federal Reserve following a benign July inflation number.
Quant Mutual Fund doubles cash holding in July to Rs 12,000 crore
Quant Mutual Fund doubled its cash holdings in July, raising it to Rs 12,269 crore from Rs 5,861 crore in June. The Small Cap Fund had the highest cash allocation at Rs 3,223.24 crore. The total equity assets managed by the fund house reached Rs 75,186 crore as of July 2024, reflecting cautious market positioning.
Tech View: Nifty seen heading towards 24,626 – 24,650 zone. Here’s how to trade on Monday
Nifty is approaching the crucial resistance level of 24,700, which coincides with the previous downside gap from August 5th. Experts predict this gap will likely be filled soon, opening the door for further upside potential. Keep an eye on 24,700 and 25,000 as the next key targets. Meanwhile, immediate support remains at 24,350.
Who says we don’t need FII money? Net monthly SIP flows not more than Rs 10K crore: Samir Arora
Samir Arora, founder of Helios Capital, disclosed that India’s mutual fund SIP numbers are overstated, with actual net flows at Rs 10,000 crore monthly. He advised balancing market enthusiasm with vigilance on valuations and potential risks. Arora also warned about tax hikes impacting FII investments and recommended a careful approach to choosing stocks.
These 11 stocks added by 15+ MFs in July, surge up to 100% in CY24
In July 2024, mutual funds (MFs) remained optimistic about Indian equities, as reflected in their net investments of about Rs 25,089 crore. An analysis by ETMarkets revealed that around 17 stocks were added in the portfolios of over 15 MF schemes in July 2024, an increase from June 2024. Among these 17 stocks, 11 have […]
There will be some cannibalisation of existing Thar with Roxx version: M&M
Rajesh Jejurikar, ED & CEO of Auto & Farm at M&M, announced the launch of the new Thar Roxx, a spacious and comfortable mainstream product. Despite potential cannibalisation with the current Thar, the company expects significant growth. The new Thar Roxx features a platform enhancing ride quality, similar to SUV 700, and is priced competitively.
Dhirendra Kumar on long-term investment & art of taking minimum risk
Dhirendra Kumar, CEO of Value Research, discussed his disciplined spending and investment strategies, emphasizing the importance of delayed gratification and careful financial planning. He categorizes expenses into essential, efficiency-boosting, and pleasure. Kumar’s approach has led to his financial freedom, and he advises aspiring for financial independence and early retirement while ensuring a balanced lifestyle.