Indian equities witnessed a robust rally last week, with the benchmark BSE Sensex scaling new highs. This bullish sentiment was reflected in the market valuation of top companies, with eight out of the top 10 most valued firms experiencing a collective surge of Rs 1,53,019.32 crore. Bharti Airtel and IT Giants Lead the Charge The
Foreign portfolio investors (FPIs) have shown a cautious approach towards Indian equities in recent months, with investments declining significantly in August 2024. The decrease in investment can be attributed to several factors, including high market valuations, the unwinding of the Yen carry trade, and concerns about global economic growth. While FPIs are expected to remain
Central government employees are expecting a much-anticipated increase in their Dearness Allowance (DA) this month. The government is likely to announce a 3-4% DA hike in the third week of September, adding to the financial benefits received by employees after the introduction of the Unified Pension Scheme. This article delves into the details of the
Gold prices in India decreased on September 1, 2024, mirroring a global trend driven by strengthening dollar and US treasury yields. The latest US inflation data matched expectations, contributing to this price movement. This article delves into the current gold rate in India, exploring factors influencing its price, and providing a snapshot of retail gold
Petrol and diesel prices are essential aspects of everyday life in India, influencing transportation costs and overall economic activity. Oil marketing companies (OMCs) play a crucial role in setting and communicating these prices, which fluctuate based on various factors. This article will delve into the dynamics of petrol and diesel pricing in India, exploring the
Commercial LPG prices have been on a rollercoaster ride in recent months, with a series of price adjustments reflecting the dynamic nature of the global energy market. On September 1, 2024, oil marketing companies (OMCs) implemented a price hike for commercial LPG cylinders, marking a shift from the recent trend of reductions. This article delves
India’s economic growth slowed to a 15-month low of 6.7 percent in the April-June quarter, primarily due to lower government spending in the wake of the model code of conduct for the Lok Sabha elections, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. Despite this setback, the RBI remains confident that the projected
Gurgaon, a rapidly growing hub in the National Capital Region (NCR), has become an attractive destination for investors and buyers seeking luxurious living spaces. This is driven by a combination of factors, including its strategic location, rapid development, and world-class infrastructure. The city has attracted a large number of High-Net-Worth Individuals (HNWIs) seeking premium amenities
India’s GST revenue witnessed a significant surge in August 2024, reflecting robust economic activity and a stable tax regime. The gross GST collection touched Rs 1,74,962 crore, marking a 10 percent jump compared to the same month last year. This positive trend highlights the growing contribution of the GST to government revenue and signifies the
The initial public offering (IPO) of Premier Energies Ltd, a prominent solar cell and module manufacturer, has concluded successfully, with the share allotment being finalized. The company is poised for its stock market debut on Tuesday, September 3rd, with investors anticipating significant gains on the listing day. Market observers are predicting a potential doubling of
Infant attrition, a phenomenon where employees leave a company within the first six months of joining, is on the rise in India, especially in sectors like consumer durables, IT and software, and BFSI. This trend, fueled by factors such as poor work-life balance, flexibility, and job dissatisfaction, poses a significant challenge for employers. A Growing
The Indian primary market is abuzz with activity, with a significant number of initial public offerings (IPOs) slated for the upcoming week. Investors are looking forward to the opportunity to subscribe to these offerings, hoping to capitalize on the potential for growth and returns. A Busy Week for IPOs: Exploring the Latest Offerings This week,
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 5 lakh on Shankar IAS Academy for misleading advertisements regarding the UPSC Civil Service Exam 2022. The CCPA found that the academy deliberately concealed information regarding the courses opted by the advertised successful candidates, creating a misleading impression that all candidates had taken
Sebi, India’s capital markets regulator, has revoked the registrations of 39 stock brokers, seven commodity brokers, and 22 depository participants for failing to meet registration requirements. This decision was taken to prevent these entities from misusing their Sebi registration without actively participating in a depository or a recognized stock exchange, thus safeguarding uninformed investors. Reasons
The Indian primary market is witnessing a flurry of activity with several IPOs making their debut in recent times. This week, six IPOs are set to open for subscription, totaling Rs 1,301.32 crore, providing investors with diverse opportunities across various sectors. Mainboard IPOs This week’s mainboard offering, Gala Precision Engineering, is a prominent player in
Bajaj Housing Finance, a subsidiary of Bajaj Finance, is set to enter the public market with a much-anticipated initial public offering (IPO). The IPO, expected to raise Rs 6,560 crore, has generated considerable excitement among investors. This article delves into the key aspects of the Bajaj Housing Finance IPO, providing a comprehensive overview of the
