The Securities and Exchange Board of India (Sebi) on Wednesday froze the promoter shareholding of jewellery firm Varyaa Creations Ltd (VCL) and barred the company from accessing the capital markets after it allegedly found large-scale diversion of initial public offering (IPO) proceeds on the day of listing. The promoters of Varyaa are Pooja Vineet Naheta,…
Backed by automotive giant Hero MotoCorp and marquee investor Tiger Global, Ather’s listing comes amid choppy market conditions and a cautious investor climate following Ola Electric’s underwhelming market debut. Ola Electric hit the 20% upper circuit on its debut in August but has since slipped, delivering a negative return of over 34% from its listing…
In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most nations (excluding China)…
The Nifty gets a makeover twice a year and this time, Zomato and Jio FInancial are in, while BPCL and Britannia are out. A lot of regular investors think this is a chance to make easy money. A Mint analysis reveals that over the past decade, roughly 64% of retail investors chasing similar index additions…
Shares of Indian Railway Finance Corporation (IRFC) will be in focus today, March 11, 2025, after the company announced that its Board of Directors is scheduled to meet on March 17, 2025, to consider the declaration of a second Interim Dividend for the financial year 2024-25. Investors are closely watching this development as the company…
On a day global stock indices were battered by rising international trade tensions induced by US President Donald Trump, Indian markets followed their slump, with all gauges dipping sharply. Japan’s Nikkei and China’s CSI 300 fell 2.88% and 1.97%, respectively, amid weak openings for Germany’s Dax and French CAC. Almost on cue, the Indian benchmarks—Nifty…
LK Mehta Polymers IPO listing: LK Mehta Polymers shares made a flat debut on Friday, February 21, listing at â‚ą71.10 on BSE SME, up just 0.14 percent to its issue price of â‚ą71. LK Mehta Polymers’ initial public offering (IPO), valued at â‚ą7.38 crore, was open for subscription from February 13 to February 17. The…
ITI Q3 Results: State-run telecom equipment manufacturer ITI posted strong results for the quarter ended December 31, 2024 (Q3FY25). It reported a net loss of â‚ą48.9 crore for the quarter, significantly improving from the â‚ą101.3 crore loss recorded in the same quarter of the previous fiscal (Q3FY24). Meanwhile, the company’s revenue from operations soared 299.73…
For decades, India’s salaried class viewed themselves as a minority—sandwiched between the elite and what they believe is the world’s largest population of the “politically pampered”. And in most Budgets, they found the discourse to be dominated by farmers, the poor, women and other groups. Which is why the record â‚ą1 trillion largesse showered by…
PSU firm Hindustan Zinc announced its December quarter (Q3FY25) results on Tuesday, January 28. The company posted a net profit of â‚ą2,678 crore, up 32 percent as against â‚ą2,028 crore in the same period last year. Sequentially, its profit rose 15 percent from â‚ą2,327 crore in the September quarter. Meanwhile, its total income also jumped…
