MUMBAI: Investors, globally, do not like surprises. They also prefer a status quo. Surprisingly, both these elements were missing during Tuesday’s trading on Dalal Street. The result: A never-seen-before 4,390-point crash in Sensex and a Rs 31-lakh-crore wealth destruction in just six-and-a-half hours.On Tuesday, contrary to exit poll predictions of a resounding election mandate for…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
Go Digit Insurance IPO: The initial public offering (IPO) of Go Digit Insurance, supported by Virat Kohli, opens for subscription today and runs until May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares.As per an ET report, during the…
Latest FD interest rates: In May 2024, several banks revised their fixed deposit (FD) interest rates, providing opportunities for investors to earn higher returns. The banks that revised their rates include Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank. As per an ET report, here’s all you need…
MUMBAI: Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets.Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.Profit-taking also came into play as…
Even after Season 3, Shark Tank India continues to attract viewers’ interest. The show has consistently made headlines for its intriguing presentations and business stories. P-TAL, a luxury brassware brand, was featured on the most recent season of the show. The brand has shared a heartfelt video thanking the five sharks who invested in it….
MUMBAI: Investor money flowing into small-cap mutual funds had dried up after 30 consecutive months of inflows. Small-cap schemes recorded a net outflow of Rs 97 crore in March, data released by industry body Amfi showed. Markets regulator Sebi’s warning that there could be some ‘froth’ building in small and medium-cap stocks seems to have…
MUMBAI: India’s market capitalisation crossed the Rs 400-lakh-crore milestone on Monday – adding a little over Rs 100 lakh crore in the last nine months – riding on the back of a resilient domestic economy despite global jitters, good corporate results and strong buying by institutional investors. As the sensex and the nifty both scaled…
NEW DELHI: Crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in prison for a major fraud case linked to the collapse of FTX, a prominent platform for digital currency exchange. The sentencing took place in a Manhattan courtroom, where Bankman-Fried faced charges of fraud and conspiracy, marking a stark downfall from his previous…
Despite gold prices reaching new highs in 2023, silver – which is often called the sister metal of gold ended flat in the international markets. It started well in the first quarter, but multiple catalysts affected its fundamental outlook and suppressed prices in a tight range throughout the previous year. But in the domestic market,…
