BSE Sensex, Nifty50 party continues! The BSE Sensex and Nifty50 continued their rally on Friday as Indian equity markets climbed all time highs. Importantly, Sensex crossed the 71,000 mark for the very first time. At 10:29 AM, BSE Sensex was trading at 71,025, up over 500 points or 0.72%. Nifty50 was up almost 160 points…
Economists raised their full-year projections for India’s economy sharply after data on Thursday showed growth outperformed last quarter, fueled by a manufacturing boom.Barclays Plc and Citigroup Inc predict the economy will now expand 6.7% in the fiscal year ending in March, up from previous forecasts of 6.3% and 6.2%, respectively. Several other analysts also bumped…
Last week, the initial public offering (IPO) market in India experienced a flurry of activity with the launch of IPOs by five companies, including Tata Technologies, Ireda, Flair Writing Industries, and Gandhar Oil Refinery. This surge in IPOs has sparked conversations about the grey market and grey market premium (GMP). Let us delve into what…
Tata Advanced Systems Ltd (TASL) has established a facility in Bengaluru to manufacture high-resolution imagery satellites for the armed forces. This move is aimed at enhancing surveillance capabilities in border areas – a big bet on the military space sector. According to an ET report, the facility will produce sub-metre resolution satellites and will include…
Minimum Issue Size On Social Bourses Cut To 50LMUMBAI: The board of Sebi on Saturday relaxed some of the guidelines for small not-for-profit organisations (NPOs) and non-government organisations (NGOs) to tap the social stock exchanges (SSEs) to raise funds, including halving the minimum fund-raising size to Rs 50 lakh. The board also approved a regulatory…
Indian Railways unveils new AC 1st coach design: Imagine a compact cubicle for two people in the AC 1st class coach of Indian Railways – and one that possibly offers comforts on par with the business class of an aircraft. The Rail Coach Factory (RCF), Kapurthala has recently unveiled a new concept design for AC…
MUMBAI: The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms.“Certain components of personal loans are recording very high growth… These are being closely monitored by RBI for any signs of incipient stress,”…
Noida International Airport at Jewar has revised its projected passenger traffic due to the recovery in air travel. Initially anticipating 4.1 million passengers in its first year, the airport now expects 6.5 million visitors, according to an ET report. Owned by Zurich Airport and constructed by Tata Projects, the Noida International Airport is set to…
In the constantly evolving and dynamic world of modern business, the capacity to adjust and undergo transformation is not merely a competitive edge; it is an essential requirement. Accomplished enterprises comprehend that the foundation of any successful transformation is the strategic harmony between human abilities and the overarching objectives of the business. This is where…
MUMBAI: Tata Sons, the holding company of the $150-billion Tata Group, will have to be ready for a stock market listing by September 2025 with the RBI classifying it as an ‘upper-layer’ NBFC, which requires greater regulatory compliance.If Tata Sons gets listed, it will be a windfall for its shareholders, including Tata Trusts, headed by…
