Asset management companies (AMCs) must invest money received from New Fund Offers (NFOs) within 30 days. This proposal has been presented by the Securities and Exchange Board of India (SEBI) in a consultation paper. SEBI is seeking public feedback on this idea. The regulator believes that AMCs should invest the funds promptly, and if they … Read more
The shares of Indian Renewable Energy Development Agency (IREDA) rose by 3%, reaching an intraday high of ₹211.75 on Wednesday. IREDA’s IPO launched in November last year at ₹32 per share and was listed with a premium at ₹60, around 90% higher. The stock hit a 52-week high of ₹310 on July 15, 2024, giving … Read more
November is set to be a promising month for stock market investors, with several new IPOs lined up. One of the most anticipated IPOs is from the food delivery company, Swiggy. Investors have been eagerly waiting for this IPO, and with SEBI’s approval now in place, there’s a buzz about its price band and opening … Read more
Bajaj Steel Industries Ltd, a company known for delivering strong returns in the stock market over the past year, has announced a bonus share issue. The record date for this bonus issue has also been set, with November 12 confirmed as the cutoff date for eligible investors. Investors will receive 3 bonus shares for every … Read more
The Securities and Exchange Board of India (SEBI) has given its approval for NTPC Green Energy Limited, a subsidiary of NTPC, to launch an Initial Public Offering (IPO). NTPC Green Energy is planning to raise Rs 10,000 crore through this IPO. In September 2024, the company submitted its draft papers to SEBI for review. Details … Read more
Mukesh Ambani’s company, Jio Financial Services, has achieved significant success. Its subsidiary, Jio Payment Solutions Limited (JPSL), has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. Following this announcement, investors quickly bought shares in Jio Financial, causing the stock price to rise by 2 percent to Rs … Read more
There is significant news for homebuyers looking to purchase a house in Noida. The Noida Authority has introduced a new rule to protect homebuyers. Now, builders must register the house after the buyer makes a 10% payment of the total cost. This rule applies to all new residential projects in Noida. Additionally, a tripartite ‘sale … Read more
Paramount Communications, once a penny stock, has generated impressive returns for investors over recent years. On Monday, the company’s shares rose by 5%, reaching an intraday high of ₹70.90. Once trading below ₹10, the stock has now delivered up to a 900% return. Paramount Communications’ 52-week high is ₹116.70, while its 52-week low stands at … Read more
In India, there are many businesses where you can earn good money with a small investment. The Modi government is encouraging entrepreneurship and has launched several schemes to support start-ups. It’s important to assess the demand and market before starting any business. Here are some business ideas that can help you earn significantly in just … Read more
Sky Gold has once again announced a bonus share issue, following a similar move in 2022. On October 26, the board decided to grant eligible shareholders nine bonus shares for each share they hold. This is the company’s second bonus share issue, with the last one occurring just a year ago. Details of the Bonus … Read more
Before Diwali, Shriram Finance Limited, a non-banking finance company (NBFC), announced two important corporate actions: a stock split and a dividend distribution for its investors. However, the company’s shares experienced a significant drop on Friday. What is a Stock Split? During a board meeting on October 25, Shriram Finance revealed that it would split one … Read more