Experts Financial News

Fertilizers & Micronutrient Mixtures for agricultural needs, proposes to open its Initial Public Offering on December 26, 2024, aiming to raise Rs 44.80 crore with shares to be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13 — Rs 14 per share and face value of Rs 2 each. The lot size is 10,000 equity shares.

offer for sale (OFS) worth Rs 179 crore, with the issue set to close on December 23. Subscriptions from retail investors stood at 77.42 times, while non-institutional investors had subscribed 121.49 times on the final day. Meanwhile, qualified institutional buyers subscribed to 4.90 times the allotted portion.

Gujarat's Kutch district on Monday morning, the Institute of Seismological Research (ISR) said. There was no report of any casualty or damage to property, the district administration said.

Shriram Finance Ltd. 2.64 per cent to Rs 2947.85 in Monday's trade as of 10:14AM (IST). The stock hit a high price of Rs 2951.25 and low of Rs 2913.90 during the session.

thematic funds receiving the highest inflows in 2024, experts believe that investors should keep an eye on market trends or sectoral changes or invest in a good diversified or flexicap fund and let the experts manage it for them. An expert believes that sectoral and thematic funds have gained a lot of attention due to their ability to tap into specific growth areas as visible in their performance in calendar year 2024. Now whether they will continue to be investors’ favourite depends mainly on the economy and market movement. Also Read | Gold ETF vs Silver ETF: With both offering 20% returns in 2024, where should you allocate more?

₹149.5 crore via its anchor book, which was initiated on December 20, prior to its IPO. The company has allocated half of the total issue size for qualified institutional buyers (including a portion of up to 60 percent designated for the anchor book), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.The Initial Public Offering (IPO) of Unimech consists of a fresh equity issuance of up to ₹250 crore alongside an offer for sale (OFS) not exceeding ₹250 crore by selling shareholders from the promoter and promoter group.

Ashoka Buildcon will be in focus in Monday's trade after the company signed an agreement to invest Rs 9,000 crore in Bihar. The funds will be used for setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said.

National Centre of Meteorology (NCM). A surface low-pressure system extending from the Southeast will interact with an upper air low-pressure system, accompanied by a cold air mass and strong upper-air winds from the West. This combination is likely to lead to the development of clouds in various parts of the country, with the potential for convective activity at times. Partly cloudy to cloudy conditions are anticipated, with a chance of rainfall at intervals over some coastal areas, islands, and the Northern and Eastern regions.

IndusInd Bank will be in focus after the Reserve Bank of India imposed a penalty of Rs 27.30 lakh on IndusInd Bank for non-compliance with certain provisions of norms related to 'interest rate on deposits'. The RBI had conducted a statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2023, and had issued a notice to the private sector lender.

Reliance Industries will likely remain in focus on Monday after the company announced that Reliance Digital Health (RDHL), its wholly-owned subsidiary, will acquire a 45% stake in Health Alliance Group. The total value of the transaction has been stated to be $10 million.

The National Department of Transport Infrastructure said the central span of the 533-meter (0.3-mile) bridge, linking the cities of Estreito in Maranhao state and Aguiarnopolis in Tocantins state, gave way in the afternoon. A tanker truck carrying the acid plunged into the water, officials said. According to the fire department, one person has been confirmed dead and another was rescued alive.

investment decisions. This obsession with price movements reveals a fundamental misunderstanding about what stock prices mean and how they should influence investment decisions. The problem isn’t just the unhealthy fixation with short-term fluctuations; it’s the flawed mental model many investors have about stock prices. Many investors believe that a stock with a low price is somehow ‘cheaper’ and, therefore, a better buy than the one with a high price.

“I wish my wife understood that debt is ruining us,” lamented a husband elsewhere. She was insistent that borrowing was about using other peoples’ money smartly. Their savings were locked in several residential properties, mostly small and distantly located. She told him that delays were part of the process and that they would be rich soon. Did he tell her that there was no money for the upcoming college admission of their son? Recognise financial abuse in whatever form it presents itself. If someone controls your money matters because your abdication was interpreted as approval, check yourself for resentment. Speak up if you don’t like how your money is being used. If someone restricts your ability to earn, spend, save, invest, or give, they may be using money to control you. Money decisions in a household require transparency, discussion, approval and understanding, if they must remain fair and equitable. Set that standard and do what it takes to get there.

cash management company reported a decent performance in the September 2024 quarter, with 15% year-on-year revenue growth. The performance was supported by significant growth in the managed services segment (36% year-on-year) and moderate growth (8% year-on-year) in the cash management services segment. However, margins (both EBITDA and PAT) contracted quarter-on-quarter and year-on-year amid lower realisations in the cash management segment, execution delays, and lower transactions in Brown Label ATMs (BLA). Analysts believe that such margin compression is temporary and expect performance acceleration in the second half of the current financial year. The company provides cash logistics services, including ATM and retail cash management and cash in transit. It is expanding into managed services like banking automation, ATM software, and remote monitoring. As a key partner for banks, NBFCs, retailers, and e-commerce firms, CMS Info leverages its network, technology, and solution-focused approach to tackle complex challenges.

Covid killed their artificial jewellery business in 2020, Deepika Jain and Anup N. Mehta found another way to make a comeback. The Bengaluru-based entrepreneurs took the business online in 2021, christening it ‘Just Lil Things’. The dream that started with Rs.1.5 lakh generates an eight-figure annual revenue today, riding on unique designs and well-structured processes. It all started with Mehta’s decision to bring back jewellery for his wife from his overseas trade trips. When this jewellery began to find favour with Jain’s friends and family, the couple decided to convert it into a business, starting only as a pop-up model. “In Bengaluru, an exhibition called ‘Sunday Soul Sante’ attracts 10,000-15,000 people, comprising mostly Gen Z, and the rent at the time was Rs.15,000-25,000. We thought selling modern jewellery here would be a good idea,” says Jain. She was right. In their first such display, they sold out, earning Rs.1.5 lakh in barely 4-5 hours. However, Covid-19 jettisoned their well-laid plans. So, in August 2021, they launched a website, which proved to be a turning point. By March 2022, the business had generated around Rs.5 lakh in revenue, garnering over 6,000 orders. The couple used their home and Mehta’s existing warehouse as storage, gradually scaling the operations as the orders increased. “Covid was good for our business as we are getting over 1,200 orders daily now and have reached an eight-figure yearly revenue,” says Jain.

Union Budget 2025, anticipation is building across sectors. Personal finance enthusiasts and taxpayers alike are curious about what the Budget proposals will mean for their pockets. For this week’s cover story, we reached out to industry experts, tax professionals and financial advisers to know what they want to see in the Finance Bill 2025. Some of these expectations, such as a separate deduction for life insurance, lower tax on annuities and higher tax exemption for senior citizens, are longstanding demands and are unlikely to be fulfilled. However, North Block may find some other suggestions worth considering. For instance, one expert has suggested that taxpayers be rewarded with a group life insurance linked to the taxes they pay. As little as 1% of the tax paid by an individual can go into paying the premium of a group insurance cover equal to five times the tax paid. Another expert has suggested steps that could make the NPS more attractive to investors. The ultra low-cost scheme has everything that one looks for in a pension plan, but it is still not the preferred investment vehicle for retirement planning. Perhaps more tax benefits are needed to push people towards a scheme that can help them retire in comfort.

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due. There are no Federal Reserve speeches and U.S. data is of secondary importance.

Oil marketing companies (OMCs) weighed down the performance of corporate India in the September quarter. The weak performance of the refining segment, inventory losses and significant LPG under-recoveries contributed to the poor show. The three OMCs—Bharat Petroleum Corporation (BPCL), Hindustan Petroleum (HP) and Indian Oil Corporation (IOC)—reported a combined consolidated net profit of Rs.1,991.1 crore, falling by 92.8% year on year. The impact of OMCs on India Inc.’s overall performance can be assessed by comparing the aggregate PAT growth of all companies in the BSE 500 index and the index’s aggregate PAT growth (excluding OMCs). The data from Reuters-Refinitiv for 498 companies in the BSE 500 index shows a 1.7% y-o-y decline in the aggregate consolidated net profits (not adjusted for extraordinary items). After excluding OMCs, the aggregate net profit growth improves to 5.6% y-o-y. However, after the poor September quarter, the performance is set to improve in the second half of 2024-25. Recent reports from multiple brokerage houses, such as ICICI Securities, Prabhudas Lilladher, Antique Stock Broking, Motilal Oswal, and YES Securities, have been positive on the performance of OMCs.

Value Research to analyse top mutual funds. We examine the key fundamentals of the Franklin India Prima Fund, its portfolio and performance to help you make an informed investment decision.

financial goals and aspirations. We detest not being in command of our journey. Like an anxious mother, we fuss over the math.