Gap Financial News

USDC Issuer Circle has launched a smart contract platform and gas station, a major push to streamline Web3 services. 

Mid- and small-cap funds: the bright spot The performance of mid- and small-cap funds stand out in the SPIVA India Scorecard, especially over the short and medium term. In the first half of 2023, the benchmark S&P BSE 400 MidSmallCap Index rose by a commendable 12.4%. However, what makes actively managed funds shine in this category is the fact that only 45.3% of fund managers underperformed the index during this period.

microentrepreneurs, dismantlers, and recyclers in the e-waste sector in a bid to institutionalize e-waste management. The co-working space would come up over an area of 21,000 square feet that the company has taken on lease in Meerut Road Industrial area in Ghaziabad. The facility provides affordable working solutions to microentrepreneurs in the sector through its offering of a “pay-per-use” model.

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock prices and government stimulus measures, the Federal Reserve reported Wednesday in its triennial Survey of Consumer Finances.

Options traders are preparing for turbulent yen trading. 

Rushil Decor rights issue: Shares of Rushil Decor is among the newsmaker stocks on Dalal Street. This small-cap stock with a market cap of around ₹928 crore is soon going to discuss and approve fund raise through rights issue.

BSE at 01:03PM (IST) on Thursday, down 0.27 per cent. The stock quoted a 52-week low price of Rs 557.15 and a high of Rs 775.0. Earlier in the day, the stock saw a gap down opening.

Marico Ltd. traded at Rs 547.0 on BSE at 12:43PM (IST) on Thursday, down 0.25 per cent from previous close. The stock quoted a 52-week low price of Rs 462.95 and a high of Rs 595.0.

Multibagger stock: Shares of Tiger Logistics (India) Ltd are one of the multibagger stocks that Indian stock market has delivered in last one year. This multibagger stock has risen from around ₹240 to ₹499 apiece levels on BSE, logging around 110 per cent rise in this time.

Vedanta Ltd. traded at Rs 228.7 on BSE at 11:21AM (IST) on Thursday, down 0.69 per cent from previous close. The scrip quoted a 52-week low price of Rs 207.85 and a high of Rs 340.75.

₹7.25 crore in pre-seed funding round led by Unicorn India Ventures and the Unmaj Group Family Office. The proceeds will be used for advancing product development and executing a strategic go-to-market rollout, the fintech said in a statement. Former NTT Data India CEO Dewang Neralla along with Geeta Chauhan and Ujwal Tamminedi, professionals in the information technology and services sector, co-founded HiWi.

The Victorian Bar has called on the federal government to hire “individual experts” such as barristers, rather than large law and accounting firms, to overcome “issues of cost, accountability and risks of breaches of confidence and trust”.

The system that millions of Americans rely on for their retirement income is only slightly above average and may require reform.

Thiruvananthapuram: Zhen Hua 15, a ship twice the length of a football field, made history last week when it docked at the Vizhinjam International Deepwater Multipurpose Seaport in Kerala after sailing down the East China Sea with a cargo of cranes for the port. For the Zhen Hua 15, it was just a 42-day journey, but for India’s newest mega port, the arrival of the Chinese ship marked the end of a three-decade-long wait. The port, which is fully owned by the Kerala government, is being built by Adani Vizhinjam Ports Pvt.

The Basel Committee on Banking Supervision has underscored the importance of disclosing banks' cryptoasset exposures, emphasizing the need for standardized reporting and greater transparency in the crypto space.

Supreme Court on Wednesday dismissed the Jindal Steel & Power Ltd’s (JSPL) appeal seeking a direction to the coal ministry to refrain from taking further steps for development of the Chhendipada coal mine in Odisha. Rungta Sons, which had emerged as the highest bidder in an e-auction of commercial coal mines on February 28, was granted the Odisha coal block. Having lost the Chhendipada (revised) coal block to Rungta Sons, a subsidiary of Jharkhand-based Rungta Mines, JSPL alleged that it was wrongly and unfairly prevented from submitting its next higher bid due to glitches on the MSTC portal. A bench led by Chief Justice D.Y. Chandrachud upheld the Delhi High Court’s July 25 decision that rejected JSPL’s petition for quashing of the grant of the Odisha coal block to Rungta Sons. Counsel Gauri Rasgotra, appearing for JSPL, claimed that technical glitches on the MSTC portal during the e-auction on February 27 had prevented it from submitting a higher bid for the mine that has 513 million tonnes of geological reserves.

Narendra Modi, on Wednesday approved the project on Green Energy Corridor (GEC) Phase-II — Inter-State Transmission System (ISTS) for 13 gigawatt renewable energy project in Ladakh. The project is targeted to be set up by financial 2029-30 with a total estimated cost of Rs 20,773.70 crore and central financial assistance at 40 per cent of the project cost — Rs 8,309.48 crore. Keeping in view the complex terrain, adverse climatic conditions and defence sensitivities of the Ladakh region, Power Grid Corporation of India Limited (POWERGRID) will be the implementing agency for this project. The transmission line for evacuating this to-be-produced power will pass through Himachal Pradesh and Punjab up to Kaithal in Haryana, where it will be integrated with the national grid. An interconnection is also planned from this project in Leh to the existing Ladakh grid so as to ensure a reliable power supply to Ladakh. «It will also be connected to the Leh-Alusteng-Srinagar line to provide power to Jammu and Kashmir.

Havells India Ltd. traded at Rs 1348.1 on BSE at 02:00PM (IST) on Wednesday, down 2.6 per cent from previous close. The scrip quoted a 52-week low price of Rs 1092.0 and a high of Rs 1466.0.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1217.15 on BSE at 01:54PM (IST) on Wednesday, down 2.13 per cent from previous close. The stock quoted a 52-week low price of Rs 658.0 and a high of Rs 1284.45.

DLF Ltd. traded at Rs 566.25 on BSE at 01:14PM (IST) on Wednesday, down 0.22 per cent from previous close. The scrip quoted a 52-week low price of Rs 336.55 and a high of Rs 576.55.

«Actually, I do think that while obviously smallcaps tend to be volatile on a two-three-year basis, that is where the big return will be made,» says Manish Gunwani, Head-Equities, Bandhan AMC. So, where do we start with — your great call on Tata Group, hotel stocks and hospital stocks, or we should simply talk about the big picture first? No, so I think the new themes we are more positive on which are basically things related to power capex or revival in rural consumption, pharma, so these are the new set. The ones you said are a bit old right now.