I’m a German citizen and an OCI (Overseas Citizen of India) cardholder. I co-promoted an Indian private limited company in 2010 with an Indian business family in a 50:50 shareholding ratio, and all FDI compliance was completed at the time. The company manufactures automobile spare parts and is currently in expansion mode. We plan to…
Employees Provident Fund Organisation (EPFO), the government’s social security schemes manager, has clarified that an overlap in service periods cannot be a ground to reject the transfer claims of employees. The body highlighted that overlapping service periods may occur due to genuine reasons, and hence, the transfer claims, which allow members to move their provident…
You might think that India’s younger generation is rewriting its own rules in a time of stock market apps, cryptocurrency and FIRE goals. But, if you look closely, you’ll realise that the old cultural norms continue to underscore their investment and spending choices. Expectations of deep-rooted customs, such as investing in gold and spending on…
Eternal share price declined 4% in early trade on Monday amid expectations of substantial passive outflows following index weightage cuts by global index providers FTSE Russell and MSCI. Eternal shares dropped as much as 4% to â‚ą227.95 apiece on the BSE. According to estimates by IIFL Capital Services, Eternal, earlier known as Zomato, could witness…
Belrise Industries IPO Allotment: The initial public offering (IPO) of automotive component manufacturer Belrise Industries ended on Friday with decent subscription. As the bidding process has closed, investors will now shift focus towards Belrise Industries IPO allotment date which is expected soon. The public issue opened on May 21 and closed on May 22. Belrise…
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -Traders will gauge likelihood of the Indian rupee extending its rally this week as reignited worries about U.S. trade tariffs, alongside lingering fiscal concerns hurt the dollar, while bond yields may move up after the central bank’s surplus transfer. The rupee closed at 85.2125 on Friday, posting…
Breakout stocks to buy or sell: The Indian stock market benchmark indices made a strong recovery on Friday, 23 May 2025, closing in the green after Thursday’s stock market crash. The Nifty 50 index closed 0.99 per cent higher at 24,853.15 points, compared to 24,609.70 points at the previous market session. The BSE Sensex index…
Two stocks recommended for today by MarketSmith India Multi Commodity Exchange of India Ltd (current price: â‚ą6,492.50) Why it’s recommended: Financial strength, growth, risk management, and infrastructure Key metrics: P/E: NA | 52-week high: â‚ą 7,048.60 | Volume: â‚ą 287.08 crore Technical analysis: Cup-with-handle-base breakout Risk factors: Regulatory risks, operational risks Buy at: â‚ą6,492.5 Target…
In a holiday-shortened week ahead, Wall Street investors will have a packed calendar with several economic data and earnings reports slated to be released. The US stock markets will be closed on Monday in observance of Memorial Day. On the economic data front, the spotlight will be on the first estimate of the US economy…
Small-cap multibagger stock: Nibe Limited, an aerospace and defence equipment maker, on Saturday, 24 May 2025, announced that the company received a â‚ą150.62 crore ($17.52 million) export order from an Israel-based company. “NIBE Limited is pleased to announce the receipt of a significant export Purchase Order valued at $17.52 million (approximately â‚ą150.62 crores) from a…
