BUSINESS
Demat Accounts Surge to 171 Million in August, Adding 4 Million New Accounts
In fact, last month alone, 10 companies raised about Rs 17,000 crore through IPOs. An average of four million demat accounts have been added since 2024, per month. As many as 3.2 crore demat accounts have been opened in the first eight months of the current year. The reason for the opening of demat accounts in large numbers is also new IPOs in this calendar year. More than 50 companies have mopped up Rs 53,419 crore through IPOs since the start of 2024 as on August 31.
Maharashtra Leads in Attracting Highest FDI of ₹70,795 Crore in Q1 FY25
The neighboring Karnataka fared second by attracting investment worth Rs 19,059 crore, Delhi third with Rs 10,788 crore, Telangana fourth with Rs 9,023 crore, Gujarat fifth with Rs 8,508 crore, Tamil Nadu sixth with Rs 5,818 crore, Uttar Pradesh eighth with Rs 370 crore and Rajasthan ninth with Rs 311 crore.
US Pension Funds to Explore Investment Opportunities During India Visit Next Week
He said the visiting executives from the funds will also be meeting financial regulators like the RBI and SEBI and also trying to understand the booming IPOs in India, without disclosing their names or the investment targets.
India set to be world’s 3rd-largest economy by decade’s end, Says Gautam Adani
The Adani Group Chairman said, "As a nation, we have never been closer to this aspiration than today. We stand on the threshold of an amazing era, where India is going to emerge as one of the largest growth playgrounds the world will ever see."
Sensex Falls 151 Points; Reliance and Tata Motors Among Top Losers
At intraday, both Sensex and Nifty touched a fresh all-time high of 82,285 and 25,192 respectively.
Private Consumption in India Rises by 12.4% with Increase in Discretionary Spending
In real terms, private consumption has increased by 7.4 per cent, higher than the GDP growth, said the report by Bank of Baroda. "The disaggregated production IIP and price CPI data showed that demand for durable goods is on a strong wicket. This is further supported by moderation in prices," the report said.
Labor Union Alerts of 'Ongoing Dispute' as 9,500 US Hotel Workers End Strike
More than 10,000 hotel workers from nine cities, including Baltimore, Boston, Greenwich, Honolulu, Kauai, San Diego, San Francisco, San Jose, and Seattle, went on strike over the weekend, Xinhua news agency reported.
India-UK FTA within finger-touching distance, says NITI Aayog CEO
Signing the UK-India Infrastructure Financing Bridge Agreement was accompanied by affirmations from both sides that the general bilateral relationship was moving ahead independently of the FTA negotiations. I think this is a deal which is in the last slab. The two sides. are not even at hand-shaking distance, the fingers are touching. It's just a question of that extra five inches and you can grab the deal," said Subrahmanyam during a panel discussing the future of India-UK trade.
Vodafone Idea Hit with Rs 73-Cr GST Demand and Penalty
The company received nine such orders from different GST offices, mainly for allegedly making short payment of taxes and availing excess input tax credit.
Indian investors could see Rs 250 per month SIP soon, says SEBI Chief
Inclusion agenda is very dear to SEBI, and the Rs 250 SIP, by offering lower cost of servicing, is indeed a beacon in the direction of taking financial products to the common man," Buch told the gathering.
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