Hindustan Aeronautics Limited (HAL), India’s premier aerospace and defense company, has received a major boost with the approval of a Rs 26,000 crore order for 240 aero-engines for the Su-30 MKI fighter aircraft. This strategic order, awarded by the Union Cabinet Committee, will strengthen HAL’s position as a leading player in the Indian defense sector
Baazar Style Retail, a prominent value fashion retailer in India, recently concluded its initial public offering (IPO), attracting considerable investor interest. The IPO, aiming to raise Rs 834.68 crore, was met with a 6.3 times subscription, demonstrating strong demand for the company’s shares. IPO Highlights and Performance The IPO, which opened on August 30 and
The Indian IPO market has witnessed a surge in retail participation in recent years, leading to heightened oversubscription. The Securities and Exchange Board of India (SEBI) conducted a comprehensive study to understand investor behavior in this dynamic landscape. The study focused on IPOs listed on the main board between April 2021 and December 2023, encompassing
Premier Energies, a leading solar cell and module manufacturer, made a strong debut on the stock market, reflecting the positive sentiment surrounding the renewable energy sector. The company’s IPO witnessed an overwhelming response from investors, with subscriptions exceeding expectations. However, while the initial surge in stock price generated excitement, subsequent profit booking suggests the market
Indian benchmark indices, BSE Sensex and Nifty 50, started Tuesday with a slight upward trend, influenced by mixed signals from Asian markets. The Sensex opened at 82,652.69, registering a 0.11 per cent rise, while the Nifty 50 was up 0.14 per cent at 25,313. Market View Analysts recommend a cautious approach while navigating the current
Gold, a precious metal that has captivated civilizations for centuries, continues to hold its allure in India, a nation deeply entwined with its cultural and economic significance. Today, September 03, 2024, gold prices in India have stabilized around Rs 73,000 per 10 grams, with slight variations based on purity and location. This article delves into
Studying abroad is a dream for countless Indian students, offering opportunities for world-class education, cultural immersion, and a brighter future. However, the high costs associated with international education, including tuition, living expenses, and travel, can put a strain on families and students alike. In this situation, an unexpected medical emergency could be a financial nightmare.
India’s ambition to achieve a $30 trillion GDP by 2047 presents a massive opportunity for the financial services sector, particularly banks. This ambitious goal will require a significant transformation within the banking industry, necessitating strategic adjustments and innovative approaches. This report, “Banking for a Viksit Bharat,” by the Boston Consulting Group (BCG), FICCI, and the
The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE, signed in 2022, is facing scrutiny as concerns arise regarding the sharp rise in precious metal imports from the UAE. Indian industry has voiced its apprehensions, leading to a planned review of the agreement during the visit of a UAE delegation led by Abu
The Indian equity market is poised for a week of heightened volatility driven by key macroeconomic data releases, global trends, and foreign investor activity. The upcoming week will see the release of crucial data points such as July industrial production and August inflation data, which will offer valuable insights into the health of the Indian
The 54th GST Council meeting is set to discuss crucial issues impacting various sectors of the Indian economy. Key areas of discussion include taxation on insurance premiums, online gaming, and the ongoing crackdown against fake GST registrations. Taxation on Insurance Premiums: A Call for Relief The GST Council is expected to deliberate on the current
The Indian government, through its recent budget announcement, has unveiled a significant scheme to provide internships at top-500 companies for up to 1 crore youth over the next five years. This initiative aims to bridge the gap between education and employment, particularly for graduates. One of the key participants in this scheme are banks, which
The Post Office Monthly Income Scheme (POMIS) offers a secure and consistent stream of income for individuals seeking financial stability. This government-backed scheme guarantees fixed interest rates and monthly payouts, turning savings into a reliable monthly income source. Understanding the Post Office Monthly Income Scheme (POMIS) The Post Office National Savings (Monthly Income Account) Scheme,
In India, the prices of petrol and diesel fluctuate daily, mirroring changes in global crude oil prices and currency exchange rates. While these adjustments happen daily at 6 a.m., ensuring consumers remain informed about fuel costs, the overall pricing structure remains relatively stable since May 2022, due to reductions in fuel taxes by both the
