Travels and Rentals shares list at 37% premium over IPO price
Travels and Rentals shares listed on the BSE SME platform with a 37.5% premium over the IPO price, debuting at Rs 55 against an issue price of Rs 40. The IPO saw strong investor interest, being subscribed over 600 times. Proceeds will be used for working capital and corporate purposes.
Not economic slowdown, semiconductor unwinding triggered by monopoly probe against Nvidia: ED Yardeni
ED Yardeni of Yardeni Research links the Nvidia-led tech selloff to a monopoly investigation rather than fears of an economic slowdown. He argues that the US economy is returning to pre-pandemic norms and anticipates strong employment figures. Yardeni also contrasts China’s current economic challenges with India’s potential for significant growth in the coming years.
ETMarkets Smart Talk | FOMO, fintech, celebrities and the rise of India’s multi-decade bull run: Rajeev Mathur
So, one important factor in India is that we are a country with a young population. We have almost 65 crore-plus smartphone users, almost 75 crore people have access to the internet, and 100 crore-plus have mobile phone connections. So, these are important indicators of where the industry is moving—towards data consumption.
Are FMCG and pharma the safest pockets to bet on now with the best risk-rewards? Gurmeet Chadha answers
Gurmeet Chadha from Complete Circle Consultants discusses the potential impact of the Biosecure Act on pharma and CDMO companies, rural spending boosts in FMCG due to Maharashtra elections, and the festive season. He also highlights market rotations towards IT, pharma, and FMCG sectors amid macroeconomic stability and upcoming rate cuts.
Why you should look to build a core and satellite portfolio
Financial planners suggest equity investors build a core and satellite portfolio, combining active and passive strategies. The core should be long-term oriented with large-cap focus, while the satellite portion can take tactical bets on sectors or themes. This mix aims to optimize returns and manage risks effectively.
Domestic funds stay put in equities with sustained inflow in August
The 12-month cumulative rolling investment by domestic mutual funds reached a record high of Rs 3.3 lakh crore ($39 billion) in August, according to SEBI data, driven by new opportunities in the primary market including IPOs and qualified institutional placements.
Patient investors could subscribe to GIC’s two-day OFS
Retail investors can consider buying General Insurance Corporation shares in the ₹4,701-crore offer for sale on Thursday. Analysts suggest long-term holding for potential gains. The government is selling 6.78% of its stake, reducing its holding to 79%. GIC shares have risen 27% in 2024, outperforming the Nifty 500 index.
Work culture claims misplaced, officers misguided by ‘external elements’: Sebi
Sebi has claimed that its officers were misguided by external elements to raise concerns about leadership and HR practices, leading to a complaint to the finance ministry. The regulator denied allegations of a toxic work culture and said some employees were using these issues to seek monetary benefits.
Stocks in news: GIC Re, RIL, Vedanta, Sona BLW, PNB Housing Finance, Suzlon Energy
Stocks in news: Equity markets paused after a 14-day winning streak, closing lower on Wednesday amid weak global trends. Key stocks in focus include GIC Re, RIL, Vedanta, Sona BLW, PNB Housing Finance, and Suzlon Energy due to various developments such as stake sales, fundraising plans, and business expansions.
Yen gains hurt Japan stocks, dollar steadies: Markets wrap
The yen strengthened as the dollar remained weak, with investors anticipating a Federal Reserve interest-rate cut. Japan’s Nikkei 225 fell, while South Korea and Australia saw gains. US futures were stable after a slight drop in the S&P 500 and Nasdaq 100. Key economic data, including Friday’s payrolls report, will influence future rate decisions.