Markets Sensex and Nifty closed at record highs on September 12 contrary to expectations. An IPO played an important role in this rise in the stock market. In early trade, Nifty was struggling to cross the 25,000 mark, but after 2 pm the market became one-sided. Apart from Bajaj Housing Finance, IPOs of two more … Read more
Market regulator SEBI has seized bank accounts, demat accounts and mutual fund folios of Karvy Stock Broking. The market regulator has taken this action to recover Rs 15.34 crore. The Securities and Exchange Board of India (SEBI) has issued separate orders in this regard. The market regulator has also seized the bank and demat accounts … Read more
The country’s industrial output grew by 4.8% in July. It has seen a decline on an annual basis. This figure was 6.2 percent in July 2023. However, earlier in June, industrial production growth was 4.2%, that is, it showed good growth compared to the previous month. These figures have been released by the Union Ministry … Read more
The country’s largest airline IndiGo is now preparing to become a global player. IndiGo no longer wants to remain just a domestic airline. IndiGo’s share in the country’s total domestic air traffic is more than 60 percent. The airline’s CEO Peter Elbers has shared his plan for IndiGo’s international expansion. He said that IndiGo intends … Read more
Microsoft Corporation (India) Private Limited, the Indian unit of the world’s leading software firm Microsoft, has bought 16.4 acres of land in Hinjewadi, an existing suburb in the western part of Pune. According to documents received by Square Yards, an amount of Rs 520 crore has been paid for this transaction. The documents show that … Read more
The government has taken a big decision to promote electric vehicles in the country. In the cabinet meeting chaired by Prime Minister Narendra Modi, the PM E-DRIVE scheme has been approved. Under this scheme, the government will spend Rs 10,900 crore to promote electric mobility in the country. Under this scheme, a subsidy of Rs … Read more
Union Minister Ashwini Vaishnav said on September 11 that people above 70 years of age will now be included under the Ayushman Bharat scheme. The Union Cabinet has approved it. According to the cabinet decision, all senior citizens will be provided free health insurance of Rs 5 lakh under Ayushman Bharat. 6 crore senior citizens … Read more
Reliance Industries Limited (RIL), a company led by renowned entrepreneur Mukesh Ambani, says that the company’s bonus shares will be like a Diwali gift for shareholders. Actually, the listing of bonus shares will happen in the upcoming festive season. The company’s board of directors has approved bonus shares in the ratio of 1:1 on equity … Read more
Stockology is our weekly column written by futurologist Mahesh Govande. He is the founder and director of Ayan Analytics. Ayan Analytics has developed the research software ‘ZodiacAnalyst’. We did not expect the Nifty to hit new highs, but were surprised by the aggression in the technology segment. Most PSU stocks saw profit booking by big … Read more
Adani Ports and Special Economic Zone Limited (APSEZ) is now preparing to buy 80 percent stake in global offshore service vehicle operator Astro. According to the company’s press release, this deal can be done in cash for $ 185 million. Astro’s operations are spread across the Middle East, India, East Asia and Africa. The company … Read more