Thu, Aug 8, 2024 1:10 PM
Stock market today: Small-cap stock under ₹100 jumps 8% post Q1 results
A Flip by Avya Verma
PN Gadgil Jewellers IPO: On day one of bidding, the initial public offering (IPO) of PN Gadgil Jewellers Limited received a strong response from Indian primary market investors. According to the PN Gadgil Jewellers IPO subscription status, the public issue has been booked more than the shares the jewellery brand offers.
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The US House of Representatives has passed the Biosecure Act, which aims to reduce US reliance on China in the biopharmaceutical industry, potentially benefiting Indian pharma companies like Divi's Labs, Laurus Labs, and Piramal Pharma. The act prohibits US drugmakers from engaging with five Chinese companies, shifting business to Indian contract development manufacturing players.
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If you have invested in mutual funds and are confused about the new KYC rules that have come into effect, here is a quick guide: 📌Find Out Your Status, 📌KYC Validated, 📌KYC Verified, 📌KYC On-Hold, 📌You can find your KYC status by logging in to any of the mutual fund's website and visit the page 'Modify/Update KYC', 📌The new KYC process has made it tougher for NRIs to invest in mutual funds.
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