India is planning to allow more foreign investment in Public Sector Banks. The current limit is 20%. The government wants to strengthen these banks. This will help them raise more capital. The government will keep at least 51% stake. This ensures the banks remain public. The goal is to make them globally competitive.Read More

Jain Resource Recycling, a non-ferrous metal company, is set to launch an IPO. The company aims to raise ₹500 crore through fresh equity. It will use the funds to repay debt and cover corporate expenses. Additionally, ₹750 crore will be raised through an offer for sale. Post-IPO, promoter stake will decrease.Read More

Markets experienced a slight dip amid volatility on expiry day, continuing a consolidation phase. Optimism from GST reforms and festive demand is countered by external pressures like visa-fee hikes and foreign outflows. Mazagon Dock, Indian Hotels, YES Bank, Tata Motors, Puravankara, and Swiggy saw significant developments, including partnerships, stake acquisitions, and leadership changes.Read More

Equities closed slightly lower as India-US trade talks progressed. Analysts anticipate market firmness, driven by GST reforms and festive demand. Technically, the index finds strong support at 25,000, suggesting a potential rebound. FIIs net sold shares, while DIIs were net buyers, and the rupee weakened against the US dollar.Read More

JM Financial, along with JM Financial Services and JM Financial Products, settled with SEBI for ₹1.9 crore over securities law violations related to NCD public issues in 2023. They also face a three-month debarment from debt security distribution and IPO financing. The case involved concerns about retail ownership decline and loan provisions for NCD applications.Read More

Post ContentRead More

Ace investor Radhakishan Damani and Aryaman Jhunjhunwala’s trust bought shares worth over Rs 166 crore in NDR InvIT Trust via block deals, lifting the stock 4.35% and hitting a fresh 52-week high.Read More

The Indian market ended lower on Tuesday, falling for a third consecutive session, with gains in auto makers on festive-season demand failing to offset broader losses fueled by worries over a steep increase in U.S. H-1B visa fees.Read More

An individual on Tuesday settled with market regulator Sebi a case of alleged violation of insider trading norms after paying Rs 39 lakh towards settlement charges.Read More

The Indian rupee hit a record low of 88.7975 per dollar, pressured by higher US visa fees, tariffs, weak foreign inflows, and IT sector concerns, making it Asia’s worst-performing currency.Read More