Public listing plans of new-age fintech companies are being deferred as a weakening rupee, volatile macroeconomic conditions and a sharp drop in retail investor participation dampen sentiment in India’s primary…
Category: Market
Bajaj Life Insurance launches low volatility index fund for ULIP holders
Bajaj Life Insurance on Thursday launched the Nifty 500 Low Volatility 50 Index Fund under its ULIP. The fund’s USP lies in its rules-based, passive strategy that selects 50 relatively…
IPO size cuts by selective issuers may offer a middle path
For companies caught between weak market sentiments and funding needs, the option to sharply cut IPO size, in some cases by as much as half, could offer a middle path,…
Wall Street retreats as crude surges amid hopes of Middle East ceasefire extension, PepsiCo rises 2%, Abbott falls 4%
US equity indices retreated on Thursday, as crude oil prices surged amid hopes for a potential ceasefire extension between the US and Iran. At 10:06 a.m. ET, the Dow Jones…
US stock market today: S&P 500, Nasdaq futures steady after record-setting rally; Allbirds down 30%
US stock futures traded with modest gains on Thursday, 16 April, after two of the three major indices hit record highs in the previous session, as investors piled into equities…
JM Financial PE leads ₹150 cr investment in contract manufacturing platform NG Electro Products
JM Financial Private Equity (JMFPE) on Thursday said it has led a ₹150 crore investment in NG Electro Products Pvt Ltd, a contract manufacturing platform serving consumer brands across home…
Broker’s call: VA Tech Wabag (Buy)
Target: ₹1,755 CMP: ₹1,440.85 VA Tech Wabag is a leading pure-play water technology multinational headquartered in Chennai, India, with over 10 decades of experience in sustainable water and wastewater management.…
Broker’s call: on iValue Infosolutions (Buy)
Target: ₹330 CMP: ₹257.05 We initiate coverage on iValue Infosolutions with a Buy and a TP of ₹330. Ivalue is India’s only listed VAD (value added distributor) specialising in creating…
₹25,620 crore foregone! Nithin Kamath shares why Zerodha stuck to the hard path of zero brokerage
Nithin Kamath, founder of discount broking platform Zerodha, recently revealed that the firm’s decision to avoid squeezing a bit more revenue from customers has cost it around ₹25,620 crore in…