February 5, 2023 New Delhi, India USD/INR Analysis The Indian Rupee (INR) has showcased resilience in the face of global uncertainties, staging a recovery against the robust US Dollar (USD). This shift is fueled by a combination of factors, including global economic headwinds, optimistic US job data, and the upcoming policy decisions of central banks….
February 5, 2023 New Delhi, India Megatherm Induction Limited, a pioneer in electrical induction technologies, has made a remarkable entrance into the stock market, debuting at ₹198 on the NSE SME – a whopping 83.33% higher than its issue price of ₹108. IPO Highlights: Investors eagerly participated in Megatherm Induction’s Initial Public Offering (IPO), which…
Febuary 2, 2023 New Delhi, India The commodities market witnessed a rollercoaster week with divergent trends impacting Brent crude oil, gold, and copper prices. Let’s delve into the highlights shaping these market movements. Brent Crude Oil: Ceasefire Impact and OPEC+ Decision Crude oil prices faced a setback, dropping over 2% on Thursday amidst reports of…
Febuary 2, 2023 New Delhi, India Rashi Peripherals Unveils Rs. 600 Crore IPO Plan The technology distribution powerhouse, Rashi Peripherals, is gearing up for a significant Initial Public Offering (IPO), aiming to raise Rs. 600 crore through the issuance of 1.93 crore equity shares. The IPO is set to open for subscription on February 7,…
Febuary 2, 2023 New Delhi, India In a notable financial turnaround, Adani Green Energy, part of Gautam Adani’s conglomerate, reported a substantial increase in profits for the third quarter ended December 31, 2023. The company’s consolidated profit surged from 1.03 billion rupees in the corresponding period the previous year to an impressive 2.56 billion rupees…
February 2, 2023 New Delhi, India Fonebox Retail, a multi-brand retailer specializing in smartphones and consumer electronics, marked a remarkable entry into the stock market with its Initial Public Offering (IPO). Here’s a breakdown of the key highlights. Stellar Debut: A 185% Premium Fonebox Retail shares made a stunning debut on the NSE SME, listing…
February 1, 2023 New Delhi, India Titan Company Q3 FY24 Results In its third-quarter fiscal year 2024 (Q3 FY24) results, Titan Company showcased strong financial performance, with notable growth in both net profit and revenue. Despite a marginal contraction in EBITDA margin, the company remains optimistic about its market presence and is actively investing across…
February 1, 2023 New Delhi, India Interim Budget 2024 Highlights India’s Finance Minister, Nirmala Sitharaman, presented the Interim Budget 2024-25, outlining key measures to boost the economy, enhance social welfare, and embrace digital accessibility. Fiscal Discipline and Targets: The government adopts an aggressive fiscal consolidation approach, setting the fiscal deficit target for FY25 at 5.1%,…
February 1, 2023 New Delhi, India Restrictions Imposed by RBI on Paytm Payments Bank: The Reserve Bank of India (RBI) has taken significant action against Paytm Payments Bank, unveiling a set of restrictions on January 31. This move follows previous limitations imposed on March 11, 2022, which prevented the onboarding of new customers. Scope of…
January 31, 2023 New Delhi, India Amidst global economic uncertainties, the USD/INR currency pair is making modest gains, driven by several key factors. Market Sentiment and Influencing Factors: The Indian Rupee is facing a slight downturn against the US Dollar, with traders adopting a cautious stance ahead of crucial events. All eyes are on the…
