Elin Electronics IPO opened for public subscription today, 20 December, and it will remain open for bidding till 22 December 2022. The company has fixed the IPO price band at Rs 234-247 per equity share and the company aims to raise Rs 475 crore from this public offer A bidder will be able to apply […]
Chief economic adviser V Anantha Nageswaran and his team are right in calling out the high degree of opaqueness in credit rating methodologies. In a document titled Re-examining Narratives: A Collection of Essays, published by his office, Nageswaran makes the point that the lack of transparency in the assessment methods of the agencies makes it […]
The Central Railway has commenced the use of the fog safety device for the safety of train operations during the winter season which has brought with it an intense fog spell. The device will help loco pilots when the signal visibility is poor, The Indian Express reported. This will allow for safer functioning by reducing […]
By Ruchit Jain Post three back-to-back negative expiries from April to June, the July series started amidst a pullback move around 15700. The market sentiment was negative as the stronger hands had short positions and the pullback from the lows did not witness broad market participation. However, the index recovered gradually and as the series […]
Bond yields in India across categories are on the rise, making it an ideal time to foray into debt investment, according to market experts. Yields have spiked by 30-45 bps across various types of fixed-income assets over the past few months as India’s central bank hiked its repo rate, leading India’s 10-year government security yield […]
By Subash Gangadharan Over the last few weeks, the Nifty has been in correction mode. The downtrend was confirmed when the support of 17613 was broken. On the daily chart, we see that Nifty remains in a downtrend despite the bounces seen recently. The index continues to make lower tops and lower bottoms for the […]
Warren Buffett talked about his long-time friend and business partner Charlie Munger in his annual letter to the investors that was published along with Berkshire Hathaway’s annual report. Warren Buffett listed a few of Munger’s thoughts and gave a piece of advice to investors, “Find a very smart high-grade partner preferably slightly older than you […]
ICICI Bank on Thursday said tax authorities have slapped a demand notice of Rs 26.8 crore on it for alleged short payment of GST. Goods and Services Tax (GST) demand of Rs 24.37 crore with a penalty of Rs 2.43 crore was served on December 27, ICICI Bank said in a regulatory filing. Kotak Mahindra […]
Foreign institutional inventors (FII) sold shares worth a net Rs 538.1 crore while domestic institutional investors (DII) purchased shares worth a net Rs 687.38 crore on Monday, December 19, 2022, according to the data available on NSE. For the month till December 19, FII sold shares worth a net Rs 8,028.15 crore while DII bought […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to three stocks/securities on Wednesday, December 28, 2022. Balrampur Chini Mills, Punjab National Bank (PNB) and Indiabulls Housing Finance are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday. According to the […]