IndiGo shares snap 5-day losing streak to trade in green as airline responds to DGCA show-cause notice
IndiGo has formally responded to the DGCA’s notice concerning widespread flight cancellations and delays. The airline cited changes in pilot duty norms and minor technical issues as contributing factors. IndiGo is working to resolve operational challenges and has processed significant refunds for affected passengers. The DGCA is reviewing the response and will take necessary action.
Gold rises but investors stay cautious about ‘hawkish’ Fed tone
Gold prices saw a slight uptick on Tuesday, despite a minor dip in expectations for U.S. interest rate cuts. Investors are cautiously awaiting the Federal Reserve’s policy meeting, anticipating a potentially more hawkish stance on future monetary easing. While inflation data met expectations, mixed economic signals are keeping markets on edge.
Negative Breakout: These 7 midcap stocks cross below their 200 DMAs
In the NSE midcap segment, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on December 8, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as […]
Helloji Holidays shares to list today. Check GMP ahead of debut
Helloji Holidays is set to list on the BSE SME platform on December 9. The company’s IPO saw strong demand, closing 30.16 times subscribed. Despite a modest grey market premium, investors anticipate its debut. Helloji Holidays operates in the travel and tourism sector, offering customized packages and end-to-end travel solutions. The IPO proceeds will fund […]
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction and a lowered inflation forecast. Governor Sanjay Malhotra indicated rates are likely to stay low. Experts differ on the timing of the next cut, with some suggesting April.
Can Nephrocare’s IPO prove a rewarding bet for long-term investors?
Nephrocare Health Services, a leading dialysis provider, is set to raise funds through an IPO. The company aims to repay debt and invest in capital expenditure. Its promoter stake will reduce post-listing. Nephrocare has shown revenue growth and turned profitable recently. Investors will observe its financial trajectory and market position.
Sebi launches new verification agency to crack down on mis-selling
Sebi has launched the Past Risk and Return Verification Agency (PaRRVA) to combat mis-selling of investment products. This tech-driven system, linking credit rating agencies and stock exchanges, will independently verify past returns, ensuring transparency and consistency. The initiative aims to create a level playing field for investors and intermediaries by providing credible performance data and […]
ICICI Pru AMC IPO price band fixed at Rs 2,061-Rs 2,165, issue opens Dec 12
ICICI Prudential Asset Management Company’s ₹10,600 crore IPO will open on December 12, with shares priced between ₹2,061-2,165. The offering is entirely an offer for sale by UK-based Prudential Corporation Holdings, divesting a 9.9% stake. ICICI Bank also plans to increase its shareholding in the AMC.
General insurers log a premium November
India’s general insurance sector experienced robust growth in November. Gross direct premium income surged by 24 percent year-on-year. This expansion was fueled by increased motor sales and a rebound in retail health insurance demand. Standalone health insurers and private multi-line insurers showed significant gains, outpacing public sector competitors.
Fino Payments Bank shares plunge 11% after nod for small finance bank
Fino Payments Bank shares dropped significantly on Monday despite receiving an in-principle license to become a small finance bank. The Reserve Bank of India granted the license, but the holding company must reduce stakes held by key investors like Bharat Petroleum Corp and Blackstone GPV Capital Partners within 18 months.