On the second day of bidding, the public issue of Jyoti CNC witnessed a subscription rate of 3.2 times. Investors have submitted bids for 5.7 crore shares against the available 1.75 crore shares. Retail investors have showcased remarkable interest, oversubscribing their quota by an impressive 10.16 times. Meanwhile, high net-worth individuals (HNIs) secured bids that … Read more
Today’s market surge has been significantly led by banking stocks, with notable gains from HDFC Bank, Reliance Industries Ltd, and Infosys. The Nifty index soared to an all-time high of 21,595.10, marking a historic day for investors and fostering optimistic expectations for robust year-end gains. Simultaneously, the Sensex, a crucial benchmark, observed a remarkable uptick … Read more
Allcargo Logistics has recently unveiled plans for a comprehensive restructuring, aiming to segregate its operations into distinct entities dedicated to domestic and international businesses. This strategic move holds the promise of not only streamlining the company’s operations but also enhancing efficiency. Moreover, it offers a clearer perspective to investors, providing them with more focused and … Read more
Flair Writing Industries made an impressive market debut by listing on stock exchanges at a striking 66% premium above its initial public offering (IPO) price, following the trend set by Tata Technologies and Gandhar Oil Refinery. The stock commenced trading at Rs 501 on the NSE and Rs 503 on the BSE, a substantial rise … Read more
Sending money abroad involves considerations beyond domestic transactions, necessitating an awareness of regulations and documentation to ensure the funds are utilized legally and safely. Unlike local transactions, international money transfers are subject to specific rules to prevent misuse and guarantee secure reception. One crucial aspect to bear in mind is the Liberalised Remittance Scheme (LRS). … Read more
EUR/USD Sees Reversal in Momentum Amidst Economic Indicators The EUR/USD currency pair is experiencing a shift in momentum as it retraces some of its recent gains. After making significant gains over the past seven weeks, the pair is now facing mild losses, indicating a period of consolidation in the near future. This comes as traders … Read more