Mon, Dec 23, 2024 3:02 PM
Robust fund inflows propel 2.6x surge in equity Issuances in 2024: MOFSL
A Flip by Avya Verma
A mere three sentences on popcorn in a longish press release after the GST Council meeting on December 21 overwhelmed public perception of what was once touted as a historic tax reform. The memes are spot on this time because they capture the frustration with the way the GST has evolved, a messy system that from a consumer’s standpoint defies common sense.
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Indian markets rebounded sharply on Monday, December 23, following five days of steep declines. The Sensex surged 498.58 points, or 0.64%, to close at 78,540.17, with an intraday high of 78,918.12. The Nifty climbed 165.95 points, or 0.70%, to settle at 23,753.45. Broader markets saw gains, with the midcap index rising 186 points to 57,093 and the Nifty Bank index jumping 558 points to 51,318.
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Univest, a Gurugram-based stock advisory platform, raises $10 million in Series A funding, led by Bertelsmann India Investments. The funding will allow the firm to scale its platform and offer stock recommendations, trade execution, and market insights to retail investors, aiming to become India's first true stock market superapp.
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