Small- and mid-cap indices summarily beat frontline indices in FY24, giving more than double the returns of Nifty 50. However, equity analysts expect the trend to reverse going into the next financial year 2024-25 as large-cap stocks may reclaim momentum, while Sebi's concerns of 'frothy' valuations and mutual funds' stress test results cast a shadow on small-cap stocks.
Open FlipThe shares of the company have an ROE of 25.27 per cent. The promoter of Rushil Decor Limited (RDL), Krupesh Ghanshyambhai Thakkar’s 100 per cent pledged shares were revoked. Securities held pre-transaction was 41,05,362 shares (15.47 per cent). Securities held post-transaction was 41,05,362 shares (15.47 per cent). A total of 19,85,925 equity shares worth Rs 58,64,43,653 were revoked.
Open FlipIndia's PhonePe has integrated with Mashreq Bank to allow Indians travelling to the United Arab Emirates (UAE) to make UPI payments through the bank’s Neopay terminals located across the region. The collaboration is facilitated via NPCI International Payments Limited (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), the Walmart-backed payments company said in a release.
Open FlipA classic medium-sized Chanel flap bag has broken through the €10,000 ($10,820) barrier for the first time in Paris. In a sign that some luxury brands are willing to keep pushing prices higher despite weakening demand, Chanel has lifted the price tag of its best-known bag to €10,300 in the French capital. That’s up about 6.2% from €9,700 earlier this year.
Open FlipThe first aircraft LA5033 of the Tejas Mk1A series successfully soared in the sky after taking off from the Hindustan Aeronautics Limited (HAL) facility in Bengaluru on Thursday, the public sector aerospace and defence company said. According to HAL, the Tejas Mk1A aircraft did a successful sortie with a flying time of 18 minutes.
Open FlipThe Indian rupee is likely to trade between 82 and 83 against the US dollar in the next financial year due to expected inflows on account of the Indian bond inclusion in global bond indices, experts said. On March 26, the rupee fell to a record low of 83.45 against the US dollar in the closing minutes of the session due to a strong dollar demand from oil marketing companies.
Open FlipThe central government's fiscal deficit widened to Rs 15.01 lakh crore in April 2023-February 2024 from Rs 11.03 lakh crore in April-January, data released by the Controller General of Accounts showed on March 28. At Rs 15.01 lakh crore, the fiscal deficit for the first 11 months of the current financial year accounts for 86.5 percent of the revised estimate of Rs 17.35 lakh crore.
Open FlipDiabetes drug Ozempic, priced at ₹$1,000, could be manufactured for less than $5 a month, a new study has suggested.Novo Nordisk charges close to $1,000 per month for the Ozempic injection before insurance in the US market. However, the blockbuster drug's manufacturing cost is much lower than its selling price.
Open FlipAn expected end to government subsidies to curb fuel bills will likely bump up Japan's inflation rate later this year, analysts say, complicating the central bank's efforts to communicate its intention to go slow in raising interest rates. The government is expected to end in May subsidies that curb electricity and gas bills, which were introduced last year to cushion the blow to households.
Open FlipIt is believed that one should monitor their credit score regularly. It is recommended to check the CIBIL score at least once a year for several reasons. For instance, what if the CIBIL score does not reflect your real creditworthiness because of some inadvertent mistakes in it. Or if you have a plan to raise a huge loan next year.
Open FlipIIFL Home Finance has bought a 5 percent "strategic stake" in RMBS Development Company Ltd for Rs 25 crore, the company said on March 28. ICICI Bank, HDFC Bank and Bajaj Finance hold a 7 percent stake each in the company. Shriram Housing Finance, Aditya Birla Housing Finance, Hero Housing Finance and Grihum Housing Finance Limited have a 5 percent stake each in RMBS.
Open FlipIt’s the talk of the stock market: What will be the sign that the five-month rally in US equities is coming to an end. But if you ask JPMorgan Chase Co.’s Dubravko Lakos-Bujas, investors may not see it coming when it hits. The Wall Street giant’s chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum.
Open FlipThe TAC Infosec IPO, which opened for subscription on Wednesday, March 27, will close on Tuesday, April 2. The price band for the issue is ₹100 to ₹106 per share, with a face value of ₹10. 1,200 equity shares make up the lot size for the IPO; investors may bid for a minimum of 1,200 equity shares. TAC Infosec IPO on Tuesday, March 26, raised ₹8.55 crore by selling 8.06 lakh equity shares.
Open FlipIn Thursday's trading session, the following five stocks witnessed a build of fresh short positions. Let’s first understand how this conclusion is reached whether a stock has seen a buildup of fresh short position or not. To understand it we have to look at what “short selling” means. When a trader is expecting the stock prices to fall, she may sell the stock without owning it.
Open FlipAbout 25 models of battery electric vehicles (BEVs) are lined up for release by 20 carmakers in India in the year ahead - the highest number so far - at prices ranging from Rs 5 lakh to Rs 3.5 crore. Although BEVs account for only 2.2 percent of passenger vehicle sales in the country, the automotive industry is embracing electric cars as part of its future product lineup.
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