Standard Glass Lining Technology Ltd's IPO saw a remarkable 182.57-times subscription with heavy demand from QIBs, non-institutional investors, and retail individual investors. The IPO aimed to raise funds for debt repayment, investment in its subsidiary, strategic investments, and machinery purchases. The shares will be listed on BSE and NSE.
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Nate Anderson and his firm Hindenburg are under scrutiny for alleged connections with hedge funds while preparing reports targeting companies. Documents filed in an Ontario court suggest collaboration between Hindenburg and Anson hedge fund, potentially leading to securities fraud charges. Anderson and Anson's Moez Kassam have yet to respond to the allegations.
Despite reaching record highs in 2024, Sensex and Nifty are now about 10% off peak levels due to global and domestic factors. Advisers recommend a focus on large-cap, flexi-cap, and debt-oriented balanced advantage funds, while continuing SIPs to benefit from possible future rallies amid market volatility.
Outgoing RBI Governor Shaktikanta Das emphasized inflation control as the central bank's top priority. Das provided insights into the crucial challenges awaiting the central bank whilst expressing optimism about his successor's capabilities, as he reviewed his six-year leadership period.
Big discounts on electric vehicles hit the market due to stockpile and CAFE norm pressures. Popular models like Nexon EV and Hero Motocorp Vida V1 are offering substantial reductions. Dealer contributions and leftover festival deals add to the savings. Though EV growth is slowing, sales are still expected to break records this year.
Chinese officials are exploring the possibility of Elon Musk acquiring TikTok's US operations if the platform faces a ban, preferring it remains under ByteDance's ownership. Senior officials are debating contingency plans while ByteDance contests the ban in the Supreme Court. Negotiations involve complex geopolitical and financial factors, with Musk's involvement seen as strategically favorable.
PC Jeweller Ltd has significantly reduced its bank loans to approximately Rs 1,800 crore in the current fiscal year, aiming to become debt-free by March next year. The company saw a strong sales rebound and is planning to raise over Rs 1,500 crore through a preferential issue of warrants in the next fiscal year.
Sebi is introducing mutual fund schemes combined with term life insurance to cater to rural investors and enhance SIP value. A consultation paper will be issued to finalize the combo product. Additionally, 'Pay Right' will ensure secure and verified UPI transactions to counter digital fraud.
Analysing Budget 2025 and how finance minister Nirmala Sitharaman's budget has had a fallout on markets; how can investors balance risks in evolving financial landscape
Gold prices reached an all-time high of Rs 86,875 per 10 grams, driven by investor demand for safe havens amid US trade tariffs and global economic slowdown. Silver also saw fluctuations, ending at Rs 99,389 per kilogram. Market sentiment reflects expectations of a less aggressive Federal Reserve policy and ongoing volatility in the dollar index and US trade.
Retail borrowers will face stricter regulations in 2024 as lenders must update credit bureau records within 15 days instead of one month. The new rule aims to reduce delays in credit evaluations, enabling better risk assessments by lenders. More frequent updates will highlight borrower behavior more accurately, reducing the chances of over-leveraging and improving the lending ecosystem.