After Rahul Gandhi‘s swipe at Prime Minister Narendra Modi’s ‘Ek hai toh safe hai’ slogan, the BJP hit back at the Congress leader on Monday, calling him “chota popat” which it claimed was coined by Shiv Sena founder Bal Thackeray to mock him. The party also slammed Congress president Mallikarjun Kharge over his “poisonous snakes…
As Swiggy Ltd’s IPO closed on the final day of bidding, the grey market premium (GMP) fell to almost zero from an earlier range of Rs 2-3. The IPO has seen lukewarm interest overall, with only the institutional and retail investor portions fully subscribed. The Non-Institutional Investor (NII) category, however, remains undersubscribed. Analysts view Swiggy’s…
Billionaire Elon Musk has hinted at the potential downfall of Canada’s Prime Minister, Justin Trudeau, in the upcoming Canadian federal election, set to take place on or before October 2025. “He will be gone in the upcoming election,” Musk commented on social media in response to a user asking for his help to oust Trudeau….
Swiggy’s IPO, which opened for subscription on November 6, 2024, has received a moderate response from investors, with a subscription rate of 24% by midday on Thursday. The IPO aims to raise Rs 11,327.43 crore, with data from the National Stock Exchange (NSE) indicating a subscription of 0.73 times in the retail investor category, 0.17…
RBI Governor Shaktikanta Das discusses the difficulty in monitoring unsecured loans at the Business Standard BFSI Insight Summit The central bank is ‘watchful’ of funds from unsecured loans potentially entering the stock market, said Reserve Bank of India (RBI) Governor Shaktikanta Das, warning banks to remain vigilant of such activity. Speaking to Tamal Bandyopadhyay, consulting editor,…
The Sensex rose to 80,093.19, which is up 616.56 points or 0.78 %, while the Nifty rose to 24,410.15, which is 196.85 or 0.81% up from the previous close The Indian stock market rallied amid the US elections, with the benchmark BSE Sensex rising over 400 points, and the NSE Nifty going over 100 points….
To ascertain the necessary investment amount for achieving a monthly pension of Rs 1.5 lakh via the NPS, it is essential to consider several critical factors. The National Pension System (NPS) is a government-backed initiative designed for conservative investors aiming to accumulate a retirement fund. This program permits a maximum tax deduction of Rs 2…
Pranjul Bhandari, Chief India Economist at HSBC, said, “India’s headline manufacturing PMI picked up substantially in October as the economy’s operating conditions continue to broadly improve.” India’s manufacturing activity gained momentum in October, rising to 57.5 from falling to an eight-month low of 56.5 in September, indicating a substantial and accelerated improvement in operating conditions,…
Upcoming IPOs this week: The primary markets raised a bit more than Rs 18,500 crore in the first week of November with Swiggy raising the highest among all. The primary market will be busy for the whole week, starting with Sagility India which will raise more than Rs 2,000 crore while the whole of the primary capital market will…
