BUSINESS
India Inc Records Highest Quarterly Deal Volumes in 2 Years at $19 Billion
25 initial public offerings (IPOs) valued at $4.1 billion in the three-month period was also witnessed during Q3 2024, said Grant Thornton Bharat Dealtracker, as the period witnessed 551 deals worth $19 billion.
Ola Electric Shares Plunge to Rs 90 Amid Customer Outrage on Social Media
The Ola Electric share nosedived to Rs 90.26 apiece, falling 8.5 per cent from the last trading session. The EV firm debuted on the stock market at Rs 76 and even touched Rs 157.40 before crashing like a pack of cards over innumerable hardware and software issues with its e-scooters and poor conditions at its service centres across the country.
Report Forecasts 15-20% CAGR Growth for India's Housing Finance Market Until 2030
According to the report of smallcase manager Omniscience Capital, "The housing finance market in India has recorded growth of about 25% per annum from FY22 to FY24 and is estimated to have a growth rate of 15-20% compound annual growth rate (CAGR) up to 2030. Indian banks will be playing a vital role while funding India's humongous plans for an overhaul of infrastructure under NIP and Gati (NS:ALLA) Shakti initiative."
Calculating Interest on Working Capital Loans: A Step-by-Step Guide
This article shall outline the basic concepts concerning working capital loans, factors determining interest rates, the formula for calculating interest, example calculation, and tips on how to manage such loans effectively.
'Don't Let Arrogance Lead to Your Downfall', Top Investor Vijay Kedia Warns IndiGo
"Unless it improves, IndiGo will be its own worst enemy," he said.
IPO Market Prepares for Temporary Slowdown; Two New Issues Aiming for Rs 365 Crore Next Week
The next week, starting October 7, several IPOs, which include Garuda Construction and Engineering on the main board and Shiv Texchem on the SME segment. This IPO, Garuda Construction, is seeking to raise Rs 264 crore, while Shiv Texchem hopes to garner more than Rs 101 crore through their respective IPOs, up for public subscription on October 8-10.
Key Factors to Watch Next Week Include RBI MPC, Q2 Results, and IIP Data, Market Outlook
This will shift the focus of the market on the larger side to the Monetary Policy Committee of RBI, scheduled to be held between 7 and 9 October, and the outcome shall be announced on 9 October Wednesday.
Gold Prices Surge Amid Rising Tensions in the Middle East
Gold prices increased minimally on Saturday as the price of 24 carat gold closed morning trade at Rs 7,785.3 per gram, up by Rs 120 on the previous day. The price of 22 carat gold has risen by Rs 110 to Rs 7,138.3 per gram.
India’s Foreign Exchange Reserves Surpass $700 Billion for the First Time
The forex spurted $12.59 billion, which marked the highest weekly increase since mid-July 2023. India joins a very small league in the world, with only three countries crossing the $700-billion mark in reserves: China, Japan, and Switzerland. At a time when the same stood at $616 billion, the foreign currency assets (FCAs) recorded an increase of $10.4 billion. Another component that witnessed growth was the increase of gold reserves to $65.7 billion from $63.7 billion.
Employment in India Rises by 36% with 17 Million Jobs Added Between 2016-17 and 2022-23: Centre
During the period, the GDP had grown at an average of over 6.5 per cent.
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