Amidst the consistent bullish trend in the stock market, investors are increasingly turning towards Systematic Investment Plans (SIPs) under mutual funds. In the financial year 2022-23, investments in mutual funds through SIPs amounted to ₹1.56 lakh crore, marking a significant increase from ₹1.24 lakh crore in the previous year 2021-22, and ₹96,080 crore in 2020-2021. … Read more
Highlights: Concerns Over Exchange Rate Volatility: Federal Reserve officials are worried about stalled progress on exchange rate volatility, prompting discussions on the need for a prolonged period of strict monetary policy to control price increases. Uncertainty Over Exchange Rate Stability: There is uncertainty among policymakers about whether high exchange rates will persist, with recent data … Read more
The Securities and Exchange Board of India (SEBI) recently issued a settlement order to Utkarsh Small Finance Bank, requiring the payment of Rs 1.24 crore by the lender. This development stems from SEBI’s issuance of a show-cause notice dated March 16, 2023, to Utkarsh Small Finance Bank, alleging violations of specific provisions of the Listing … Read more
Indian Equity Market Analysis – April 12, 2024: Caution Advised Amid Overbought Conditions As per the technical chart of Nifty, the Indian equity market appears to be on the overbought side. Traders are advised to approach trading at these levels with caution. Several Indian agencies have expressed concerns about the current behaviour of the market, … Read more
Tata Consultancy Services (TCS), India’s largest IT services company, is gearing up to announce its fourth-quarter results on April 12. As the industry eagerly awaits the outcome, here are the top five factors that will likely shape the discussion around TCS’ performance and future outlook. 1. Revenue Growth: TCS’ Q4 revenue is anticipated to hover … Read more
Elon Musk Confirms India Visit, Set to Meet PM Modi: A Major Boost for EV Industry Elon Musk, the visionary CEO of Tesla and SpaceX, has officially confirmed his upcoming visit to India. In an eagerly anticipated move, Musk expressed his excitement about meeting with Prime Minister Narendra Modi during his visit to the country. … Read more
SBI’s expert predicts a cautious approach from RBI on rate cuts. A recent report by SBI’s chief economist, Soumya Kanti Ghosh, suggests the Reserve Bank of India (RBI) might hold off on lowering the repo rate until Q3 of FY25. This indicates a measured approach to easing monetary policy. Understanding Repo Rate: The repo rate, … Read more
ICICI Bank has been reaching out to shareholders of ICICI Securities to ensure they’re informed about the delisting proposal and upcoming e-vote. This transparency aims to maximize shareholder participation in this critical decision. What to Know: ICICI Bank wants shareholders to be well-informed before voting. The share exchange ratio is based on a joint valuation … Read more
Celebrating Success: Nifty Surges 30% in FY24! Dear Indian Investors, Get ready to pop the champagne corks! The Indian stock market has delivered a stellar performance, with the Nifty marking an impressive 30% surge in FY24. This phenomenal growth reflects the strength and promise of the Indian economy. The Final Trading Day: A Record-Breaking … Read more
Are you looking to invest in a growing company in the Indian telecom sector? The Bharti Hexacom IPO is your chance to be a part of their transformative journey! Here’s what you need to know: IPO Details: Issue Size: Rs 4,275.00 crores Offer for Sale: 75,000,000 shares Opening Date: April 3, 2024 Closing Date: April … Read more