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₹6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility was completely subscribed on the second day of bidding on Monday.The initial share sale received bids for 49,43,85,840 shares, as against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the BSE data.While the quota for non-institutional investors was subscribed 1.11 times, the category for Retail Individual Investors (RIIs) received 2.87 times as many subscriptions. Qualified Institutional Buyers (QIBs) received a 40% subscription, and the employee portion was booked 8.98 times.

Marico Ltd said during the company’s post-earnings call on Monday. The Parachute hair oil maker on Monday reported a 4% increase in domestic volumes, as consolidated revenue rose 7% year-on-year. For the quarter ended 31 March, the company had alluded to a “visible uptick" in rural demand albeit towards the end of the quarter.

In recent years the movie industry has gone through the streaming revolution, the pandemic, labor strikes and “Barbenheimer.”

Federal Reserve economist Claudia Sahm has expressed concerns that while the US isn't currently in a recession, it is alarmingly close. She predicts that central bank policymakers might need to adjust their strategies in response to the increasing risks. On Bloomberg Television’s Bloomberg Surveillance program, Sahm commented on the unexpected rise in the unemployment rate in July’s employment report, noting that this trend is historically consistent with the early stages of a recession. Although she acknowledged that the US might not be in a recession yet, the situation is precariously close. The report revealed a significant slowdown in US hiring and an increase in the unemployment rate to 4.3%. This caused the three-month moving average to exceed the 12-month low by half a percentage point, activating the Sahm Rule. Sahm developed this statistical measure to guide fiscal policymakers on when to stimulate the economy to counteract a recession.

State Rural Youth Employment report by Global Development Incubator (GDI), Global Opportunity Youth Network (GOYN), and Development Intelligence Unit (DIU). Among rural men aged 18-25, 31% prefer government jobs, while 28% of women in the same age bracket express the same preference. This interest drops significantly to 19% for men and 11% for women in the 26-35 age group.

Diversification has become a strategic imperative for organisations seeking sustained growth and resilience. By expanding into new markets, products, or services, businesses can mitigate risks associated with economic downturns, industry shifts, and unforeseen challenges. The data centre industry stands as a prime example of this trend.

₹3.7 trillion with an available for sale (AFS) portfolio of ₹2.8 trillion, which can be sold to fund the growth in advances if needed. Therefore, the bank does not feel the need to raise deposits through aggressive pricing. Even though the net interest margin (NIM) in percentage terms came down by 12 basis points year-on-year to 3.35%, the lower growth in deposits vis-a-vis advances meant that absolute net interest income rose by 5.7% to ₹41,135 crore.

Mint in June compared to their performance six months ago, as per the latest Mint macro tacker. Eight of these indicators were above their five-year average trends, whereas three were below it. In comparison to six months ago, only six of these indicators were above their five-year average and four were below it.

inflation minus the food and beverages category—was both lower and less volatile than overall headline inflation. By April 2023, non-food inflation had fallen within the Reserve Bank of India's upper tolerance band of 6%, and by September 2023, it was slightly below the 4% target. Headline inflation, on the other hand, has remained around 5% since early 2024.

This figure was significantly below the average monthly gain of 215,000 over the previous 12 months. According to data released by the US Bureau of Labor Statistics today (2 August), total nonfarm payrolls came in lower than anticipated, after economists surveyed by Factset estimated an 175,000 increase in July and the unemployment rate expected to hold at 4.1%.  Federal Reserve holds firm on bank rate as hopes of a September cut rise Healthcare employment continued to trend upwards, adding the most jobs of any sector in July at 55,000, just shy of the sector's average monthly gain...

Federal Bank Ltd. traded at Rs 192.9 on BSE at 12:33PM (IST) on Monday, down 2.4 per cent from previous close. The stock quoted a 52-week low price of Rs 130.55 and a high of Rs 205.0.

United Spirits Ltd. gained 0.52 per cent to Rs 1429.5 in Monday's trade as of 10:20AM (IST). The stock hit a high price of Rs 1435.3 and low of Rs 1364.05 during the session. The return on equity (ROE) for the stock stood at 19.77 per cent. Traded volume on the counter stood at 10:20AM shares and turnover at Rs 3.4 crore around that time. The stock of United Spirits Ltd. quoted a 52-week high price of Rs 1450.0 and 52-week low prices of Rs 976.0, respectively.

Bitcoin (BTC) selling continued over the weekend, with the cryptocurrency plummeting nearly 15% over the last week, its largest seven-day decline since the collapse of bankrupt crypto exchange FTX in November 2022. The sharp downturn carried over into Monday's Asian session, taking bitcoin to its lowest level since February.

Punch has launched its new safety-first trading platform. This innovative platform is designed to protect beginner traders from the common pitfalls of the trading world, such as overtrading and emotional decision-making, which can lead to substantial financial losses. Tackling an industry challenge Options trading, while appearing lucrative, is fraught with risks, especially for novice traders. Many beginners enter the market without a solid understanding of risk management, capital allocation, and position sizing. As a result, they often incur heavy losses, which can be discouraging and financially devastating. Recent articles from the Securities and Exchange Board of India (SEBI) have highlighted this alarming trend, revealing that a significant percentage of individual traders are losing money in Futures and Options (F&O) trading.

We believe there might be both time and price-wise correction in the days to come. As we have previously seen, DIIs are buying at every dip in the market, so the downside may be limited, said Dr Ravi Singh, Senior Vice President, Retail Research at Religare Broking. This analyst spells-out strategy in previous week’s major movers viz. Zomato, Adani Energy Solutions, Adani Wilmar and three more stocks. Here’s what he recommends: Edited excerpts:

Fitch Ratings noted that elevated interest rates in the US since 2023 have begun to show some effect on the labour market and demand. Adding to worries, the global rating agency said politics remains an area of high uncertainty, with geopolitical risks here to stay. The rating agency noted that signs of a slowdown in the US are evident in weak credit growth and slowing consumer spending. This trend is expected to continue in the second half of 2024, with real GDP growth decelerating, though likely remaining above recession territory.

PARIS – Canada’s team in Paris was on pace for a record Olympic Games at halftime after a mortifying soccer scandal that began before the eco-flame was even lit in Jardin des Tuileries.

report this week, the elderly are squirrelling away money, motivated by ever-longer retirements, the risk that they will need to pay for old-age care, the inevitable uncertainty about how long they will survive and the desire to pass on assets to their children. Whereas in the mid-1990s Americans aged between 65 and 74 spent 10% more than their income, the same age group has been a net saver, in aggregate, since 2015. A similar picture is found across the rich world, from Canada to Japan.

travel operators are set to expand their revenue by a robust 15-17 per cent this fiscal year, driven by rising domestic tourism and an increasing propensity for overseas travel, Crisil said in its latest report. The growth will be supported by improving infrastructure, rising disposable incomes, a shift in travel patterns, and the government's focus on boosting domestic tourism. This growth follows a strong fiscal year where revenue surged by approximately 40 per cent to around Rs 14,500 crore, surpassing pre-pandemic levels by about 20 per cent.

A Rs 60,000 crore loss, Sebi crackdown, and a hope for banks As India shifts its investing habits, the allure of high-risk, high-return options is strong. However, this isn't for everyone, as Indian households are losing about Rs 60,000 crore in derivatives trades in a year. Sebi chief noted, «If Rs 50-60,000 crore annually is lost in F&O (futures & options) trades, that money could be better utilized in IPOs, mutual funds, or other productive areas.» The capital markets regulator reported that retail investors alone lost Rs 52,000 crore in FY24, highlighting the need for stricter controls.

four members voted for a status quo, while two members–Ashima Goyal and Jayanth R Varma–voted for reducing the repo rate by 25 basis points and changing the stance from withdrawal of accommodation to neutral. “I think that the RBI will be very critically targeting the 4% levels for CPI inflation," said Indranil Pan, chief economist, Yes Bank.