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IPO), which is opening on September 14, comprises a fresh issue of equity shares up to Rs 392 crore and an offer for sale (OFS) by promoters and a few external investors aggregating up to Rs 174 crore. Post-issue the promoter/promoter entities will hold around 42 per cent of the paid up equity, while selling shareholders will collectively pare their holdings by a tad over 8 per cent. Through the OFS, the founder and chairman Raj P Narayanam will sell just 0.02 per cent from his 44 per cent holding. Another promoter Avinash Ramesh Godkhindi, who is also the managing director of the city-based firm, will sell an equal amount of stake.

Relative Strength Index (RSI) is one such invaluable tool that can provide valuable insights into a stock's performance. On September 8, Friday, StockEdge reported that 13 stocks were showing a trending up RSI. In this article, we'll delve into what RSI is, why it's important for assessing stock movements, and explore 10 promising stocks that are currently on an upward trend. The Relative Strength Index, or RSI, is a widely used momentum oscillator that measures the speed and change of price movements.

Jawan' craze has caught everyone by surprise. The fanbase of superstar Shah Rukh Khan has made 'Jawan' the fastest Hindi movie to cross the Rs 500 crore-mark at the box office. The makers announced on Monday that the blockbuster action-thriller had entered the Rs 500 crore club on its opening weekend. In fact, it is also the fastest Hindi film to enter this prestigious club. Production house Red Chillies Entertainment took to X (formerly known as Twitter) to share that 'Jawan' minted Rs 520.79 crore (gross) at the worldwide box-office on its opening weekend.

The price of SOL has dropped by 3% in the past 24 hours, falling to $17.72 after speculation emerged that FTX is readying itself to offload its Solana-related holdings.

NS Venkatesh, CEO, AMFI, says “the equity flows are at a five-month high and mainly concentrated in the midcap, small cap and flexi cap funds. It is essentially because the investors find that the correction which happened in the smallcap as well as midcap space gives them an opportunity to participate in their upward story and that is why we are finding people putting money into the smallcaps and midcaps.”Firstly, let us talk about the SIP inflow numbers. It is above the Rs 15,000-crore mark for the second straight month on the trot and is at a record high level as well for the month of August. Do you expect this number to scale past the Rs 15,000 crore mark in September and touch Rs 16,000 crore?The SIP numbers are really good in the sense that we have touched an all-time high of Rs 15,800 crores during this month which is 500 crores above last month. We see the retail investors reposing faith and trust in the mutual fund industry and they are using the SIP as an investment vehicle to participate in the India story and we believe that going ahead we will see the SIP numbers on an increasing trend.

The XRP price has fallen by 3.5% in the past 24 hours, with its drop to $0.482084 coming on a bad day for the cryptocurrency market as a whole, which is down across the board.

Instacart on Monday submitted an updated filing for its upcoming initial public offering, saying it is looking to raise up to $616 million of fresh capital alongside existing shareholders.

Investing.com — European stock markets traded higher Monday, with investors cautiously awaiting the latest policy-setting meeting by the European Central Bank later in the week.

Surfing on Saudi-Russian production cuts, oil bulls will be seeking to defend the high price of $90 per barrel this week even with U.S. inflation data forecast to show a climb for a second straight month that could prompt the Federal Reserve to consider a more aggressive stance on interest rates.

Instacart is looking to raise up to $616 million along with selling stockholders in its initial public offering, a regulatory filing showed on Monday. The San Francisco-based company and its selling shareholders are offering 22 million shares priced between $26 and $28 apiece.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the massive rally that we have seen in smallcaps and lesser in midcaps is a function of the fact that from the middle of March, FIIs have been continuously pumping money into the stock market and largecap valuation has risen. Domestic fund managers, whether they be mutual funds or insurance companies or whoever, have been tending to sell the largecaps to the FIIs and reallocating that money into mid and smallcaps and that is one primary reason driving the rally.”One of your scheme’s NAV has hit Rs 900. It must have started from Rs 10 a unit, I am assuming. How many years did it take? What kind of compounding did investors get if they held on to it for that entire period?It has taken a little over 21 years and the compounding was 23.41% per annum. So it has been an incredible success story and those investors who stayed the course have obviously beaten every parameter that you can look at inflation, fixed deposit returns, anything else on such a thing. I think it reflects the growth of India because midcaps are India personified. The Indian story, the journeys of midcaps and domestic economy's growth, is reflected in this fund. And that will continue because as we all know now, the focus for the next half a dozen years, is back on the domestic economy.

SIP inflows for the month of August were at Rs.15,813 crore, well above the Rs.15,000 crore level for the second month, according to the latest mutual fund data released by the Association of Mutual Funds in India (AMFI).

A team of researchers from the University of Cincinnati has developed a new device that can warn people about the early risks of tooth decay due to diseases like gingivitis and periodontitis.

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Anthony Heredia, MD & CEO, Mahindra Manulife, says “smallcaps are clearly the winner of the last three to six months, but we personally believe that investors should be thinking about diversifying across caps at this point and within that, either you look at multi or flexi cap or you choose largecap from a three- to five-year perspective is our view.”The Street is shouting that the smallcap and the midcap end of the market is getting very crowded and very stretched but the retail end of the market continues to pour in record numbers in mutual funds via the SIP data. What is your view?The numbers look very positive and it is not just the SIPs; at least the August month data seems to be an all-round success. Obviously, small and midcaps continue to see flows, but you will interestingly see that a number of NFOs that were there in the month in sectoral or multi-cap themes did equally as well and the SIP numbers continue to be strong. I have said before that SIP numbers in 24 months from now will be at least double of what they are today because given the market valuations, SIPs is not just a great way for retail investors to participate but a lot of high net worth investors are also using the systematic route either through SIPs or STPs to come in. So, all around, it is a very good show from the industry standpoint.

Some 22% of US workers now fear that they could be sidelined by technology, up from 15% two years ago, according to a survey from Gallup. While the share of non-college-educated workers who express concern has held steady at a little over 20% during that period, the portion of college-educated workers who say they’re worried more than doubled, narrowing the gap that previously existed between the groups. The release of OpenAI’s ChatGPT in November kicked off an AI frenzy and spotlighted the ways in which highly skilled white-collar workers could have their jobs automated. The consulting firm McKinsey estimates that as much as 70% of worker hours worldwide are spent on tasks that could be handled by computers, up from about half a few years ago.

China on Monday said the G20 New Delhi Leaders' Declaration has sent a «positive signal» that the member countries of the influential grouping are joining hands in tackling global challenges and economic recovery.

With over 30 private transport organisations and farmers’ associations supporting Bandh, the strike has caused significant inconvenience to commuters. According to IANS, as school buses and private transport were not available, parents had to take their children to the schools themselves. Many office-goers had to walk or depend on government buses. The protestors also beat up auto drivers who dared to ferry passengers. Videos also show protestors slapping a driver of a taxi. However, many Bengalurueans could not stop themselves from appreciating the more quite and free roads due to the bandh. «I would urge them to go on indefinite bandh, cuz bengaluru streets were never such enjoyable as it is now,» said one Twitter (now X) user Aditya Mohan.

Chris Evans disclosed that he married Alba Baptista, a 26-year-old Portuguese actor. It is reported that the couple quietly tied the knot this month. Chris Evans and Alba Baptista reportedly exchanged vows during a private ceremony at a Cape Cod estate on September 9 and 10, 2023, as reported by People. Notably, Chris Evans' Marvel co-stars, such as Robert Downey Jr., Chris Hemsworth, John Krasinski and Emily Blunt, were present. The wedding was not officially confirmed by the their representatives. Here, everything to know about Alba Baptista, the wife of Chris Evans:

Tata Power Renewable Energy Limited (TPREL), has raised $425 million in financing from the U.S. International Development Finance Corporation’s (DFC) Board of Directors for its upcoming greenfield 4.3 GW solar cell and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. TPREL is a subsidiary of The Tata Power Company Limited, an integrated power company.