India Financial News

₹65 to ₹68 per share of face value of ₹10 each. The SME (Small and Medium enterprises) will open for subscription for investors on Wednesday, 19 June 2024.The subscription period for the Durlax Top Surface IPO begins on June 19, 2024, and ends on June 21, 2024.

T20 World Cup 2024: The United States of America have impressed with their cricket skills on their debut in the T20 World Cup 2024. Among the cricketers who have left a mark on experts is Saurabh Netravalkar. What impresses fans and experts alike is the fact that, Saurabh is a Principal Member Of Technical Staff at Oracle while being an international cricketer.Saurabh’s sister Nidhi has revealed to News18 CricketNext that the cricketer carries his laptop while travelling for cricket.

₹0.50 in June 2019. Such substantial gains highlight its consistent and substantial value appreciation trajectory over the years, reflecting its potential as a high-return investment within the penny stock category.Meanwhile, over the span of 3 years, starting from June 2021 when it traded at ₹3.17, the stock has surged by an impressive 955 percent.However, the stock witnessed some correction in the last 1 year.

₹114 to ₹120 apiece of face value of ₹10 each. The Reserve Bank of India (RBI) registered NBFC will kick-start its subscriptions from Wednesday, June 19, and conclude on Friday, June 21.

Avantel, a telecom product manufacturing company, witnessed a 19% spike in its shares during today's intraday trade, reaching a new record high of Rs. 168 apiece.

In a stock exchange notice published today (14 June), ANII chair Michael Hughes thanked Fong for her stewardship of the trust's investment portfolio. Fong joined abrdn in 2004 from Asian brokerage firm UOB Kay Hian, where she worked as an analyst. Thom has been with abrdn for over 13 years, having joined the firm in August 2010 as an investment manager on the Asian equities desk in Singapore. Prior to that, he worked as an intern and associate at Actis between 2006 and 2010. abrdn investments CEO Buehlmann: Closing GARS was 'difficult' but it was 'not right anymore' He will be a...

A Fund of Funds (FoFs) is a mutual fund that invests in other mutual funds or ETFs instead of directly in stocks, bonds, or other securities. They come in various types, such as equity-oriented, debt-oriented, hybrid, international, thematic or sectoral, ETF-based, and commodity fund of funds, each catering to different investor needs and offering diversification.

Solar Industries, based in Nagpur, has delivered the first batch of indigenously developed Nagastra-1 Loitering Munitions to the Indian Army, marking a significant milestone in India's defense preparedness and self-reliance in military technology.

Rajnath Singh arrived in Visakhapatnam on Friday to review the preparedness of the Indian Navy's Eastern Fleet. He received Guard of Honour at INS Dega in Visakhapatnam. The Defence Minister shared the information about his arrival through on social media platform X, «Leaving New Delhi for Visakhapatnam. Shall visit the Eastern Naval Command and review the defence preparedness. Looking forward to it.»

Cabinet the report of the high-level committee on 'one nation, one election' «at the earliest» as part of the 100-day agenda of the Legislative Department, sources said on Friday. Ahead of the Lok Sabha elections, Prime Minister Narendra Modi had directed all union ministries and departments to draw up a 100-day agenda for the next government. The high-level committee on 'one nation, one election', headed by former president Ram Nath Kovind, submitted its report to President Droupadi Murmu on March 15, recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. The panel had also proposed setting up an 'Implementation Group' to look into the execution of the recommendations made by the committee.

«We want to increase the exposure to consumption sector as such because that was the sector which we were significantly underweight,» says Daljeet Singh Kohli, Vasuki India Fund. What is the say on defence pack? Yes, the order books of these companies were quite solid. The question was on the execution and then the valuations. Would you still buy afresh? No, I do not think for buying fresh, you will have to look for some differentiated ideas. Maybe within the pack if you can find something which is a supplier to somebody or which is doing some particular component, some parts or some kind of services that they are offering, so those kind of niche ideas one can still look at.

Bajaj Finance Limited and Bajaj Finserv Limited, filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering last week on June 7. Bajaj Housing Finance is a non-deposit housing finance company that has been involved in mortgage lending from fiscal 2018.The public offering comprises a fresh share issuance at ₹4,000 crore.

equation between the Opposition INDIA bloc, which won nearly 230 seats, and the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), which won over 290 seats, in the Lok Sabha Elections 2024.ALSO READ: Union Budget 2024 likely to be tabled in Parliament by third week of JulyUnlike the 2019 and 2014 Lok Sabha elections, this time, the ruling BJP failed to cross the majority mark (272 seats) in the 543-member Lok Sabha. Meanwhile, the Congress and its allies emerged stronger in comparison to the last two national elections.This makes it interesting to watch the upcoming Parliament session, where the Opposition is likely to raise a host of issues, while it won't be that easy for the Modi 3.0 government to pass laws.

₹366 crore. The deal is structured with nearly three-fourths of the total consideration paid using 360 ONE’s equity and the remaining in cash. This deal will result in just 1% equity dilution for 360 ONE, given its market capitalization of approximately ₹28,700 crore.

₹50,000 crore over the next five years, reaffirming an earlier milestone set by the government.Also Read: Indian stock market ready for a dream run, target Nifty 50 at 25,816: PLFollowing this development, shares of PTC Industries jumped 20% to touch a new record high of ₹14,930 apiece, while Paras Defence and Space Technologies also jumped 18% to hit a new peak of ₹1,141, while BEML shares gained 13% to reach ₹4,516.95 apiece. Other defence stocks such as Bharat Electronics, MTAR Technologies, Bharat Dynamics, ideaForge Technology, Zen Technologies, and Astra Microwave Products all gained between 3% and 8%.Shipbuilding stocks also saw an uptick, with Mazagon Dock Shipbuilders rising 6% in intraday trade, while Cochin Shipyard and Garden Reach Shipbuilders & Engineers jumped 4% and 7%, respectively.Also Read: HAL shares surge 7%, gain 167% in one year; what's driving the rally?"PM Modi has given me the responsibility of the Defence Ministry again.

Also Read: Budget expectations: Here's what experts across sectors anticipate in JulyLooking at the yearly performance, 7 out of the 10 stocks in the index achieved multibagger returns in last one year. Sobha led the pack with a remarkable gain of nearly 290%, followed by Prestige Estates Projects with a gain of 238%.Additionally, Brigade Enterprises, Macrotech Developers, Phoenix Mills, Godrej Properties, and Sunteck Realty all recorded substantial gains ranging between 100% and 140%.This exceptional performance can be attributed to the robust sales growth, continuous new developments, strategic price adjustments, and improving financial indicators within the industry.Also Read: Mumbai ranks 3rd, Delhi-NCR 5th in global property price increaseIn FY24, there was a strong surge in demand for residential properties across major Indian cities, driven by increasing disposable incomes, evolving lifestyles, and a rising number of high-net-worth individuals.The demand for luxury homes has surged notably, driven by demographic shifts towards more affluent lifestyles.

Also Read: ixigo IPO allotment status out. Latest GMP, how to check application status for Le Travenues Technology sharesLet us check GP Eco Solutions IPO GMP, subscription status and other key details of the SME IPO.GP Eco Solutions IPO has been subscribed 30.44 times in total so far on June 14, the first day of the bidding process.

Also Read- Suven Pharmaceuticals share price rises 5% on CDMO Sapala Organics acquisitionDuring May'2024, among the top-20 pharma companies, Glenmark Pharmaceuticals with growth of 18.9% yar-on-year) and JB Pharma with a growth of 13.1% YoY grew at a significantly faster pace (in the listed space) compared to the IPM, suggested Motilal Oswal Financial Services data.Ajanta Pharma with 12.3% year-on-year growth, Zydus Lifesciences with 11.8% growth and Mankind Pharma with 10.8% growth and Cipla with 10.1% growth were among other outperformers in the listed space.Among MNCs Sanofi India with 12.2% growth also stood out and was among significant outperformers. However among key underperformers during the month stood Pfizer, Indoco Remedies, GSK (Glaxosmithkline Pharma), IPCA Laboratories and Alembic, which posted 1-7% yoy growth , suggested analysts data.Among the top-25 companies, Torrent Pharmaceuticals, Abbott, Lupin, JB Pharma and Zydus have gained maximum share over the past six months in the listed space, said analysts at Kotak Institutional Equities.

Independence Day! ‘Stree 2’, the much-anticipated sequel to the 2018 blockbuster comedy-horror ‘Stree’ is eyeing a pan-Indian release on August 15. Maddock Entertainment, the producers of the Shraddha Kapoor- Rajkummar Rao-starrer, took to social media handles and wrote, “Iss swatantrata diwas, aa rahi hai #Stree fir se!” (#Stree2 in cinemas this Independence Day, 15th August 2024. ). The post went viral on Instagram, gaining more than 300K likes. Earlier, a teaser of the sequel was released along with ‘Munjya’, the latest supernatural comedy from Maddock Entertainment at the theatres.

Bangladesh's captain Shakib Al Hasan's response to criticism from former Indian cricketer Virender Sehwag has gone viral. In a recent post-match press conference, Shakib's reaction to a journalist's question about Sehwag's comments caught widespread attention.

Tata Motors. M&M's market capitalisation surged to Rs 3,65,193 crore compared to Tata Motors' market cap of Rs 3,29,041 crore. The stock managed to surpass Tata Motors as it witnessed a 3% surge in price, reaching a fresh 52-week high of Rs 2,946.