Bajaj Housing Finance Limited’s IPO, set to open on September 9, 2024, aims to raise ₹6,560 crore. The offer includes a fresh issue of ₹3,560 crore and an Offer for Sale (OFS) of ₹3,000 crore. The IPO will be available for subscription until September 11, with a price band announcement on September 3. Qualified Institutional…
In August, domestic car sales in India fell by 2-3% year-on-year, with about 355,000 units sold. The decline is attributed to low demand and high unsold inventories at dealerships, prompting manufacturers to reduce production. Maruti Suzuki, India’s largest carmaker, saw an 8.4% drop in sales, while Hyundai recorded an 8% decline. With dealers holding stock…
Indian stock market indices, Sensex and Nifty 50, are expected to open on a flat note today, reflecting mixed global market cues. On Friday, Nifty 50 hit a fresh record high, closing at 25,235.90, while Sensex rose 231.16 points to settle at 82,365.77. Technical indicators suggest a possible trend reversal, but market strength remains as…
Investor Anil Kumar Goel has made a breathtaking decision by ₹100 crore investing in sugar stocks. His successful bets on Dhampur Sugar Mills and Dalmia Bharat Sugar have capitalized on the sector recent boom. Goel’s impressive increase illustrate the potential rewards of focusing on specific industries, such as sugar, where market conditions can lead to…
Tamil Nadu Business-Friendly Environment Fuels MSME Grows Tamil Nadu is experiencing a boost in small and medium enterprises (MSMEs) with 1,645 new business start up in just eight months. This growth shows the state’s supportive environment for entrepreneurs, leading to more jobs and economic development. With helpful government policies, Tamil Nadu continues to be a…
RBI Asks Fintechs to Make International Payments Easier The Reserve Bank of India (RBI) is asking fintech companies to make cross-border payment systems better. With more people and business sending money across countries, RBI siad these payments should be safe, fast, and affordable. The RBI encourages fintechs to create new solutions and work with global…
Stock Up 2% as the Company Plans to Reward Shareholders Reliance Industries Ltd (RIL) will discuss a 1:1 bonus share issue at its board meeting on September 5. This decision aims to reward shareholders and enhance stock liquidity. If approved, it will be the first bonus issue since 2017. The announcement led to a 2%…
Stock Closes Near 52-Week High Bajaj Finserv Ltd. saw a strong trading session on Tuesday, rising 2.07% to ₹1,721.55. This brought the stock just ₹20.30 short of its 52-week high of ₹1,741.85. The positive session was part of an overall market uptick, with the BSE SENSEX Index inching up by 0.02%. Bajaj Finserv outperformed its…
Big Media Deal Gets Green Light The Competition Commission of India (CCI) has approved a ₹70,350 crore merger between Reliance Industries and Disney’s Indian media assets. In this deal, Reliance will own 16.34%, Viacom18 will hold 46.82%, and Disney will have 36.84% of the new joint venture. The approval comes with some voluntary changes, just…
Shares of Anil Ambani’s companies, including Reliance Power and Reliance Home Finance, dropped significantly today after SEBI banned Ambani and 24 others from the securities market for five years due to fund diversion issues. Reliance Infrastructure shares also took a hit. The SEBI order includes heavy fines and prevents Ambani from holding key positions, leaving…
