Banking And Finance
RBI’s FCNR push may boost banks’ deposit growth: Crisil
Mumbai: With measures in place to boost , inflow of overseas funds could provide incremental support to banks’ deposit mobilisation in the current fiscal year, a report said on Tuesday.…
SpaceX falls below IPO price: How much of your money should be in futuristic tech?
Wall Street’s biggest tech companies saw heavy selling as investors have started questioning whether the AI-driven market rally had become too stretched. The Nasdaq and the S&P 500 fell to…
Why many Indians earning Rs 1 lakh still struggle to save
There was a time when earning Rs 1 lakh a month felt like the ultimate financial goal. I remember conversations where people would say, “Once I start earning six figures,…
What are focused funds? Meaning, investment strategy, key factors, benefits and risks
Focused funds are equity schemes that invest in a limited number of stocks, allowing fund managers to take concentrated bets. These funds are suitable for investors willing to take on…
Market
Gold, silver rates today: Comex gold and silver extend losses for third straight day as Fed rate-hike bets rise
Precious metals continued to drift lower for the third straight session on Tuesday, 23 June, as expectations of a US Federal Reserve rate hike strengthened, boosting demand for the US…
Sebi proposes ad rules for MF, stock brokers: Celebrities may endorse brands, not products | What’s allowed, what’s not
Sebi on Tuesday proposed new advertising rules that would allow stock brokers, mutual fund companies, investment advisors and portfolio managers to use celebrities to promote their brand name, but not…
Waterways Leisure Tourism IPO: Issue receives tepid response on Day 01, subscribed 0.20x; GMP signals flat listing
The initial public offering (IPO) of Waterways Leisure Tourism, one of India’s leading domestic ocean cruise operators, opened for subscription on June 23 and received a muted response from investors…
SpaceX falls below IPO price before rebounding 2%: Is it a second-chance buying opportunity?
SpaceX shares rebounded about 2% on Tuesday after briefly slipping below $150, the price of its first trade when it debuted nearly two weeks ago. The decline had also pushed…
Market
Grasim Industries invests ₹2,880 crore to increase stake in Aditya Birla Capital
Grasim Industries has increased its stake in Aditya Birla Capital marginally with an investment of ₹2,879 crore. The company has increased its stake to 52.30 per cent from 52.27 per…
Hilton launches Spark brand in Asia Pacific with two India openings
Hotel chain player Hilton has launched its premium economy brand, Spark by Hilton, in the Asia Pacific region with the opening of its first two Indian properties in Bengaluru and…
Trent chair Noel Tata set to retire, leaving behind retail powerhouse
Noel Tata will retire as chairman of Trent Ltd, ending a near three-decade journey with the retailer he helped transform from a post-Lakmé retail venture into one of India’s largest…
Honasa to acquire 58% stake in nutraceutical company Fluence Pharma
Beauty and personal care company Honasa Consumer Ltd will acquire 58% stake in Fluence Pharma, a science-backed nutraceuticals company, at an enterprise value of ₹135 crore. Honasa, which sells brands…
Axis
