President Donald Trump’s media company said Tuesday that institutional investors will buy $2.5 billion in the company’s stock with the proceeds going to build up a bitcoin reserve. About 50 institutional investors will put up $1.5 billion in the private placement for common shares in the company and another $1 billion for convertible senior notes,…
Scoda Tubes IPO: Scoda Tubes, a stainless steel tubes and pipes manufacturer, completed its anchor investor round on Tuesday, 27 May 2025, raising ₹65.99 crore from the marquee investors ahead of the public bidding, according to the exchange filing. According to BSE data, the company allocated 47,14,200, or over 47.14 lakh equity shares, to the…
Indian low-cost airline operator, InterGlobe Aviation (IndiGo) shares will be in focus of stock market investors tomorrow, Wednesday, 27 May 2025, after the Customs authorities imposed penalties worth over ₹2.76 crore on the aviation company. According to the filing data, the Principal Commissioner of Customs, Ahmedabad, Gujarat, has imposed a penalty of ₹2.2 crore on…
Wall Street’s key stock indices opened higher on Tuesday after US President Donald Trump dialed back his threat of tariffs on European Union imports. At the opening bell, the Dow Jones Industrial Average rose 246.0 points, or 0.59%, to 41849.04. The S&P 500 rose 51.3 points, or 0.88%, to 5854.07, while the Nasdaq Composite rose…
State-owned Hindustan Copper Ltd on Tuesday reported a 51.8 per cent increase in consolidated profit at ₹189.48 crore for the quarter ended March 31, 2025. The company had posted consolidated profit of ₹124.75 crore in the year-ago period. The consolidated income of the company during the fourth quarter rose to ₹777.28 crore, over ₹585.22 crore…
Despite access to more information and better financial literacy, investors still exhibit the same emotional tendencies: fear, greed, overconfidence, herd behaviour, and loss aversion. Basic instincts Emotions override logic. Else investors would not be asking about continuing SIPs (systematic investment plans) or switching from equity to gold. These questions often stem from a desire to feel…
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Do you travel frequently on trains? Then, co-branded credit cards offered by IRCTC (Indian Railway Catering and Tourism Corporation) in association with banks will be an ideal choice for booking tickets. IRCTC has joined hands with HDFC Bank, State Bank of India, Bank of Baroda and RBL Bank for co-branded cards, which offer a host…
For many, the National Pension System (NPS) represents a disciplined, tax-efficient way to save for retirement. But what happens when your residency status changes? Can you still keep investing in NPS after becoming a non-resident Indian (NRI) or an overseas citizen of India (OCI)? What are the compliance requirements, tax consequences, and rules around withdrawals? …
A review of the statutory disclosures provided by the top 20 asset management companies (AMCs) in the country shows that only four fund houses—HDFC AMC, Nippon AMC, Kotak AMC, and Axis AMC—reported six cases of mis-selling by MF distributors for the January-March period. Other companies marked the field as ‘NA/Nil’. “Six reports of mis-selling cases…
