Alongside new IPOs, 11 companies will be listed on the stock market, including Stanley Lifestyles, DEE Development Engineers, and Akme Fintrade. Both DEE Development Engineers and Akme Fintrade's public offerings were oversubscribed, indicating strong investor interest.
Delhi Water Minister Atishi is fasting for two days due to the water crisis in the city. She claims Haryana is not releasing enough water for 28 lakh people, who are suffering from a shortage of 100 MGD water. Delhi relies on neighboring states for water, with Haryana providing 613 MGD.
Total $850 million was raised in 2023 itself -- this is a 77% decline over $3.7 billion raised in 2022. The number of deals, meanwhile, declined by 25% in 2023 over 2022, it said.
AIADMK legislators staged a walkout from the Tamil Nadu Assembly in protest over the Kallakurichi hooch tragedy. Ruckus erupted after they demanded a discussion on the incident and the resignation of CM MK Stalin.
The Maharashtra BJP unit met for a marathon session to plan strategy for the upcoming state assembly elections, focusing on campaign tactics and finalising plans during the five-hour meeting. With the state assembly elections expected in October, the BJP aims to recover from its decreased Lok Sabha seat count in Maharashtra. Core committee members, including Union Minister Piyush Goyal and state leaders, discussed the preliminary election blueprint during the meeting.
Four members of the influential Hinduja family, including Prakash Hinduja, Kamal Hinduja, Ajay Hinduja, and his wife Namrata, were convicted in Switzerland for underpaying servants at their luxurious villa. The family, known for its diversified business empire, faces legal consequences and has expressed plans to appeal the verdict.
Path to becoming a crorepati? Owning Rs 1 crore is an investor's dream. Strategic investments, like SIPs in equity funds, can help reach that goal. Regular investing and a long-term view are crucial. Even a Rs 1,000 SIP can grow substantially over time, thanks to compounding. Disciplined investing is key to turning your crorepati dream into reality. Here is how to accumulate Rs 1 core from mutual fund SIPs in 10 years, 15 years, 20 years and 25 years.
Gold prices surged above ₹90,000 per kg in India and $30 per ounce internationally due to bets on potential interest rate cuts amid signs of a weakening US economy. However, further confirmation of cooling inflation is awaited before any rate cut decision.
Compressed Natural Gas (CNG) prices in Delhi and the National Capital Region have increased by one rupee, with prices in Uttar Pradesh, Haryana, Rajasthan, and the national capital rising. New Delhi's CNG rate is Rs 75.09 per kg, while Noida, Greater Noida, and Ghaziabad rates are Rs 79.70 per kg.
India gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
The Madhya Pradesh government plans to develop sites linked to Lord Ram and Lord Krishna as pilgrimage spots, with welcome gates dedicated to them in Bhopal. CM Mohan Yadav aims to boost religious tourism, directing officials to enhance these sites and celebrate Gita Mahotsav. He also emphasized branding of tourist spots and promotion of local products. The move seeks to highlight the state's rich cultural heritage and attract more tourists.
New parcel scam: The Central Board of Indirect Taxes and Customs (CBIC) has stated that several people complained to them about a fake parcel scam being conducted in the name of customs. In this scam you get a call from a fake officer informing you that cocaine or other drugs have been found in a parcel with your name. Read to know more about this scam and how to stay safe.
Global supply lines are shifting for more resilience. Geopolitical developments put India at an advantage. Will demographic dividend finally create value for India?
The overall market momentum is positive and investors are hunting for more opportunities to participate in the run.
After a three-month wait, eight crew members of the MV Daki Cargo ship involved in the Baltimore bridge crash are returning to India, while others remain for litigation. A judge allowed their departure despite city motions to keep them in the US. The ship is set to leave for Norfolk, Virginia, with four crew members staying on board. Investigations continue with no charges made yet.
Akkaraju, former CEO of visual effects company Weta Digital, is part of a group of investors including former Facebook President Sean Parker that has stepped in to save Stability with a cash infusion, which could result in a lower valuation for the firm, the report said.
The Calcutta High Court has directed the West Bengal government to ensure the safe return of displaced victims of alleged post-poll violence by Tuesday. A Division Bench, headed by Justice Harish Tandon, reviewed the situation and numerous petitions were submitted. The court ordered the displaced people to be sent back to their homes by next Tuesday and ordered increased police surveillance in affected areas to prevent recurrence of violence.
Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2024 in late July, her seventh budgetary address. Following the interim budget in February, expectations are high regarding potential income tax rate cuts to stimulate consumption and address economic priorities. Industry bodies like FICCI and CII have advocated for tax relief, while the Ministry of Finance explores measures targeting higher-spending individuals, potentially introducing a new tax bracket.
Block deals are done through a special trading window on the exchange that is not visible to all.
The YSR Congress Party's under-construction central office in Tadepalli, Guntur district, was demolished by municipal authorities on Saturday morning, despite a high court order to halt the activity. YSRCP President Y. S. Jagan Mohan Reddy condemned the demolition, attributing it to political vendetta by the TDP-led government. Officials claimed the construction was illegal, while Reddy vowed to fight against these actions and appealed to democratic forces to condemn the act.
A populist budget is a fiscal plan focused on immediate public appeal through measures like tax cuts and social spending increases. Criticized for prioritizing short-term benefits over long-term economic stability, such budgets can lead to fiscal deficits, inflationary pressures, and disparities in resource distribution, while potentially undermining independent economic institutions.
