Mumbai: National Securities Depository Limited (NSDL) may launch its IPO in July this year. People familiar with the company’s plan said the issue is expected to be worth USD 400 million (approximately Rs 3,421.6 crore). NSDL is preparing to become the first depository to get listed in India. The company had filed for an IPO last … Read more
The Reserve Bank of India (RBI) recently cut the repo rate by 50 basis points (0.50%), reducing it from 6% to 5.50%. Banks are catching up. Following other major banks, Canara Bank’s Repo Linked Lending Rate (RLLR) has now reduced from 8.75% to 8.25%. The bank informed that the new rates will be effective from … Read more
India’s corporate sector recorded a major milestone in FY25, with profits hitting a 17-year high, according to a new report by Motilal Oswal. The profit-to-GDP ratio for Nifty-500 companies reached 4.7 per cent, while the overall listed universe reported an even higher figure of 5.1 per cent, the highest in 14 years. This surge came … Read more
Unified Data Tech shares today hit a fresh 52-week high of Rs 387 on the BSE, gaining 16% over Wednesday’s closing price. The stock extended its last session rally, surging 22% in just two sessions, defying lackluster sentiments prevailing in the markets. The price action was accompanied with strong volumes with a spurt of 2.8 … Read more
Mumbai: Shares of IndiGo and SpiceJet fell sharply on Thursday after news of a crash involving an Air India flight at Ahmedabad airport. The fall in these airline stocks happened during a tough trading day. According to the Gujarat State Police Control Room, an Air India plane crashed during takeoff at the Sardar Vallabhbhai Patel International … Read more
While India’s exports of steel products have already been affected by the US’s fresh 50% tariff hike, the European Union’s latest move is expected to have mixed consequences for Indian exporters. On Wednesday, EU has put India’s individual quota and placed it under a ‘pooled quota’ with other countries including China and Vietnam. The EU’s … Read more
The Indian stock market witnessed a major slump today, with the BSE Sensex crashing over 900 points to hit a low of 81,531 earlier today. The NSE Nifty also plummeted by nearly 300 points, falling below the crucial mark of 24,850. The market capitalization of all listed companies on the BSE dropped by ₹4.19 lakh … Read more
The rupee opened past ₹86 against the US dollar for the second time in two months. It opened at ₹86.15 per dollar, further falling to ₹86.20, compared to the previous close of ₹85.60. This marks a fall of 53 paise from the previous session. Geopolitical Escalation Drives Currency Volatility The rupee weakening was sparked by … Read more
Investors sold and on Thursday, a day after the denied reports of charges on UPI transactions. dropped 10% in trade today, before recovering later. The stock was trading 6.56% lower at Rs 897.20 as of 2:30 p.m. The company’s market capitalisation dropped as much as Rs 6,123 crore to an intraday low of Rs 55,123 … Read more
Kent RO Systems, a water purifier company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). While this marks an important milestone for the company, its financials tell a mixed story with some concerns. Kent RO’s latest financial data reveals a strong profit jump in … Read more