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Life Insurance Corporation(LIC) of India, on February 13, filed its IPO draft prospectus with SEBI. The Government is planning to launch LIC IPO next month as a part of its mega disinvestment plan. This will be India’s largest-ever public listing. As per the market sources with the value of Rs 12.6 billion- Rs 15 billion, […]
Indian Market indices on Tuesday ended in green after two days of losing streak. Day after seeing the single-day fall in the last ten months, BSE Sensex saw the biggest single-day rise in one year on Tuesday. The biggest single-day rally was led by Autos, Banks, IT, and FMCG in one day. The automobile sector […]
Indian Market Indices on Monday ended in the red as Sensex ended the day at 56,406.84, down around 1747 points and Nifty 50 ended the day at 16,842, down around 531 points. In addition, all sectoral indices ended the day in the red. Nifty Metal and Nifty realty indices were top losers as both of […]
Union finance minister Nirmala Sitharaman said there was complete harmony with which her department was working with Reserve Bank of India on all issues, including cryptocurrencies. She said there is a respect towards each other’s domain and priorities keeping the country’s interests in mind. “Not just on crypto, but on every other thing as well. […]
On Valentine’s Day people’s favorite color is red but when it comes to Indian indices people like to see it green always. But, on Monday Indian indices Sensex and Nifty started the day with a massive Slump as Sensex and Nifty were down around 2.20 percent as all sectoral indices were seen in red. According […]
Imagine Marketing’s Audio and wearable brand boAt has filed DRHP(draft red herring prospectus) for a Rs.2000 crore IPO (Initial Public Offering) with SEBI. The documents show a fresh issue of shares worth Rs 900 crore and an offer for sale of shares worth up to Rs 1,100 crore. South Lake Investment will sell shares worth Rs.1,100 […]
The Mukesh Ambani-led Reliance Industries Limited (RIL) partnered with Assets Care and Reconstruction Enterprise (ACRE) is all set to acquire the debt-ridden Sintex. They have submitted a revised resolution plan to the National Company Law Tribunal (NCLT), Ahmedabad, of Rs 2,700 crore to Rs 2,800 crore to acquire Sintex Industries Ltd. The Reliance Industries Limited […]
Chances are, you or a family member of yours holds a LIC policy. At 40 crore insurance policyholders, LIC covers almost 30% of the Indian population, and in that capacity manages to play a unique socio-economic role that is unmatched by any other institution not just within India but globally as well. Consider, for instance, […]
An SBI circular, issued on December 31, refrained women who are more than three-month pregnant from joining work. The bank’s notice termed these women “temporarily unfit.” Taking cognisance of the same, Delhi Commission for Women’s chairperson, Swati Maliwal’s protest and tweets have jointly yielded results. “State Bank of India seems to have issued guidelines […]
Dalal street witnesses mayhem on Monday as all constituents end in the red. Sensex nosedives 1545.67 points to end at 57,491.51 points. Whereas, Nifty plunges 465.05 points to end at 17,149.10 points. In the last five days, investors lost Rs. 17.54 trillion worth of investment. The Nifty is down around 6 percent in the last […]
The Sensex on Monday tanked by more than 1,200 points, hours after opening into red, slipping below the 58,000-mark. It was trading at 57,797 at the time of writing this report. The equities markets have witnessed heavy selling pressure for five consecutive sessions now. The Sensex opened in the red at 59,023.97 points and tumbled […]
The Doshi we know Organization has announced the Doshi fellowship which will support young scholars and practitioners who wish to study a contemporary situation, find suitable responses to its challenges or are looking to carry out innovative experiments. The organization will award a sum of Rs 3,00,000 to the suitable candidate. In exceptional cases organizers […]
Adani Group’s FMCG giant company, Adani Wilmar is all set to go public with their public issue of Rs 3,600 crore. The public issue will open on 25th January with a share price of Rs 218-230. Listing date is set on February 8, 2022. Adani Wilmar Ltd serves three business categories: Edible Oil, food & […]
The world is slowly moving towards green and conventional energy sources. In this light, the Union Minister of Power and New & Renewable Energy R.K Singh reviewed the progress of the Roof Top Scheme on 19th January 2022. Post the review, the Minister gave directions for simplifying the Roof Top Scheme, so that the people […]
As many as 3669 branches of nationalized banks will likely remain closed during the two-day strike on February 23 and February 24. The public sector banks across Gujarat will observe this strike to protest the proposed privatizationof public sector banks as part of the Banking Regulation Bill. The transactions worth Rs 17,000 crore are to […]
The Indian equity benchmarks on Thursday remained in red for the third straight day. One thing that remained constant was the upward movement in Adani Green Energy (AGEL). AGEL ended the day with a 1.40 percent rise at 1,965 points. Earlier in the day, Adani Green Energy was seen hitting a new high of 1,955.90. […]
Billionaire Mukesh Ambani-led Reliance Group has picked up a 54 percent stake in global robotics company Addverb Technologies. The company with $132 million of investment became the biggest shareholder of the robotic company. Noida-based Addverb Technologies was founded in 2016 by Sangeet Kumar, Prateek Jain, Bir Singh, Satish Kumar Shukla and Amit Kumar. The company […]
MICA graduate Varun Dua founded ACKO in the year 2016 which is a General Insurance company that includes Motor Insurance, in trip domestic insurance, and Mobile Insurance, with over 70 million customers with a Run rate of 150 million dollars in premiums. ACKO has recently become the country’s unicorn after it raised 255 million dollars […]
Sensex on Monday ended in green with a marginal increase of 0.14 percent ending the day at 61,308.91 points. Whereas Nifty-50 ended 0.29 percent higher at 18,308.10 points. Important to note here is that realty(1.37%), auto(1.98%), and power(1.41%) added 1-2 percent whereas pharma and bank indices ended in red. Good overall performance was seen from […]
Crypto enthusiasts in India were a happy lot for two reasons. One was bitcoin ending 0.53 percent higher at Rs 32,18,101.32 and another was Elon Musk”s tweet that made the ‘value’ of dogecoin go to the moon literally with a 26 percent jump. The total cryptocurrency market-cap stood at $2.05 trillion whereas total market volume […]
