Sanstar IPO subscription status: Sanstar’s initial public offering obtained full subscriptions mere hours after it was launched on Friday, July 19, spearheaded by non-institutional investors (NIIs) and retail investors. According to BSE statistics, the subscription status for Sanstar’s IPO was 4.16 times. The NII quota drew 9.85 times more subscriptions than the retail part, which…
Stocks to buy or sell: Following weak global market trends and rising US-China tension, the Indian stock market had a decisive sell-off on Friday last week. The Nifty 50 index corrected 269 points and closed at 24,530, while the BSE Sensex lost 738 points and ended at 80,604. The Bank Nifty index nosedived 355 points…
My relative was diagnosed with a rare form of cancer requiring treatment of several lakhs. To support him, a few extended family members plan to create a corpus of â‚ą20 lakh to ensure a regular income stream to meet his basic expenses. Against this backdrop, kindly advise on the following: 1. Will the corpus we…
A Supreme Court judgment in a real estate debt resolution case that gave state agencies the rights of a bank over the assets of a troubled real estate company has thrown bankruptcy resolution experts in a tizzy. Experts said the court ruling runs against the Insolvency and Bankrupcy Code (IBC), which says secured creditors—or banks—have…
India’s central bank sold â‚ą34 billion ($406 million) of bonds in the secondary market, likely to absorb excess cash in the banking system resulting from inflows into the nation’s debt after being included in a global index, according to Bloomberg report. The Reserve Bank of India‘s bond sales occurred over four days, according to the…
Budget 2024 is all set to be announced on 23rd July, 2024. India is looking for a crucial roadmap for “Viksit Bharat” by 2047 and provide short and long-term plans for the next 5 years under the government’s 3.0 administration. Having said that, let us see what the common man expects from the Budget 2024….
The Central Drugs Standard Control Organization (CDSCO) has found 61 medicines, cosmetics and ayurveda products to be “not of standard quality.” These include lifesaving formulations for diabetes, cosmetics and ayurveda products, aloevera, glycerin and Vitamin -E soap, jojoba oil and haridrakhandam used to treat skin allergies. This follows several instances of Indian medicines failing quality…
Mining conglomerate Vedanta Limited raised â‚ą8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of â‚ą440 per share, according to a stock exchange filing by the company. The issue, which closed on July 19, implied a discount of 4.61 per cent to the floor…
Today, India is among the most valued stock markets in the world. India’s total Mcap is â‚ą450 trillion, the 4th largest in the dollar term, being valued at a Mcap/GDP ratio of 150% based on FY24 nominal GDP (current price) of â‚ą300 trillion (estimated). The nominal GDP is forecast to grow by 11% in FY25;…
In the holiday-shortened week, the combined market valuation of eight of the top 10 most valued firms surged by â‚ą2,10,330.26 crore, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) leading the gains. The BSE benchmark index increased by 85.31 points, or 0.10%, and the 30-share BSE Sensex reached a new all-time…
