Dev Accelerator plans Rs 125 cr IPO amid high demand for flexible office spaces
Dev Accelerator Ltd plans to raise around Rs 125 crore through an IPO. The company will use Rs 68.95 crore for fit-outs and security deposits in new centers. Rs 30 crore will go towards repaying certain borrowings. Funds will also support general corporate purposes, including expansion to major cities and enhancing infrastructure and technology.
Kotak Mahindra Bank among top 5 Navratri picks for up to 27% returns
With the market experiencing a mild correction, this could be an opportune moment to add select stocks to your portfolio, positioning yourself for strong returns amid a generally bullish outlook.As the festive spirit of Navratri sets in, domestic brokerage firms Bajaj Broking and Choice Broking have picked certain promising stock picks to capitalize on the […]
Signs of recovery in IT space; HCL Technologies & TCS could give over 20% return in 1 year
The Indian tech industry is witnessing a pivotal recovery with rising demand and shifting client spending. Mid-tier firms, especially in data engineering and ERP modernization, are outperforming. Key players like HCL Tech and TCS show promising growth, bolstered by a favourable economic outlook.
6 equity mutual funds offer over 25% CAGR in five years
Around six equity mutual funds have offered over 25% CAGR in the last five years based on the daily rolling returns, according to data by ACE MF showed.
NPS for retirement: How a 25-year-old can create Rs 4 crore corpus with Rs 10,000 SIP
Starting early with the National Pension System (NPS) can turn a Rs 10,000 monthly contribution into nearly Rs 4 crore over 35 years due to the power of compounding. NPS offers a balanced exposure to equity and debt, tax benefits, and supports disciplined retirement savings, ensuring a substantial retirement corpus and regular pension.
Is the gold rally getting over? No, this is just the beginning
Gold has surged by 4% after the U.S. Federal Reserve’s rate cut and is expected to continue rising. Geopolitical tensions, further rate cuts, rising inflows into gold ETFs, and central bank purchases are key drivers. Seasonal demand in India will also support the price momentum, making it a promising period for gold investments.
Jobs-day shocker vindicates great risk rally of 2024
The US economy’s surprising resilience challenges recession fears, as a report showed the biggest job gains in six months. This sparked market reversals and rethought interest rate bets. Small-cap companies and tech stocks led gains. Continued strong US activity data and expected rate cuts suggest a positive outlook for risk assets, despite inflation concerns.
Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report
The Federal Reserve’s rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank’s future policy moves.
These 8 smallcap stocks may get upgrade to midcap
The Association of Mutual Funds in India (AMFI) will announce the stock re-categorization in the first week of January 2025 and may increase the market cap categorization which highlights the changes in large, mid and small cap, according to the predictions by Nuvama Alternative Research.
Over 700 smallcaps correct up to 41% as Indian markets reel under pressure
Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.