Thu, Feb 1, 2024 12:36 PM
Has Budget 2024 hiked income tax rebate under section 87A in old tax regime
A Flip by Avya Verma
The yield on government securities opened marginally up on December 23 and the rupee remained stable in early hours of the trade. Indian bond yields, especially the 10-year benchmark bonds opened at 6.795 percent, as against 6.789 percent at close in the previous trading session. It was trading at 6.774 percent around 10.50am.The rupee opened at 85.00 against the dollar.
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The initial public offer (IPO) of Ventive Hospitality, which opened for subscription on Friday, has been subscribed by 78% so far on the second day of the process, attracting highest demand from qualified institutional buyers (QIBs). Around 10:45 am, the issue was subscribed 1.05 times by the QIBs, followed by 86% subscription by the retail investors.
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Shares of software development firm Intellect Design are higher by 10% in early trade on December 23 with volumes that are more than 10x the one-month average, testing levels last seen in October. Last week, the company shared a presentation with analysts and institutional investors on its new Enterprise AI platform called Purple Fabric, which is tailored for the financial and insurance sectors.
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