SBI’s fourth quarter profit jumped 41 per cent to a record Rs 9,114 crore due to a fall in bad loans. A year ago, the bank had made a profit of 6,451 crores. The bank’s profit on a consolidated basis stood at Rs 9,549 crore. Gross NPAs declined from 4.98 per cent to 3.97 per …
After the completion of the bidding process in the country’s largest LIC IPO, the allotment process of shares will start on Thursday. The DIPAM secretary had said on the last day of subscribing to the IPO i.e. May 9 that the share allotment under the IPO would be on May 12 and the listing would be …
LIC IPO Allotment: Check Status Of Allotment Sitting At Home Read More »
Cryptocurrency Prices Today May 7: Bitcoin down, Ethereum biggest loser- Cryptocurrencies traded in the red early today on May 7. The global crypto market-cap is $1.65 trillion, a 0.92 percent decrease over the last day. The total crypto market volume over the last 24 hours is $93.61 billion, which makes a 17.85 percent decrease. The …
Employees and policyholders continued to lead bidding for shares of Life Insurance Corp. on the second day of its initial public offering, India’s biggest. The IPO was subscribed 67% on the first day. The portion reserved for policyholders was fully subscribed in about three hours. The government is looking to raise as much as Rs 21,000 …
Capital markets regulator Sebi has imposed a penalty of Rs 2.5 million on Motilal Oswal Financial Services Ltd for misutilisation of clients’ funds and incorrect reporting of the margin. In addition, it has been charged for funding clients beyond the stipulated time period, failure to keep appropriate evidences of client order placement and discrepancies in CKYC (Central Know Your Customer) process …
he Initial Public Offering (IPO) of the insurance behemoth Life Insurance Corporation (LIC) of India is going to hit primary markets on 4th May 2022 i.e. today. The Government of India (GoI) has fixed LIC IPO price band at ₹902 to ₹949 per equity share announcing ₹60 discount to the policyholders and ₹45 discount to LIC employees applying for …
LIC IPO Today: List out important LIC IPO details Read More »
The government has reduced the size of the IPO of Life Insurance Corporation of India (LIC). Experts say that the main reason for this is to keep the stock market stable and prevent the exodus of foreign investors from the domestic market. Also, the government first wants to know what its actual value should be. …
The IPO of the country’s largest insurance company LIC (Life Insurance Corporation of India) may open on May 4. At the same time, it is likely to be closed on May 9. News agency PTI gave this information on Monday quoting sources. Through this IPO, the government will sell its 3.5 percent stake in LIC. …
LIC Tax Saving Plan: Life Insurance Corporation of India (LIC) has launched a new savings insurance policy named Dhan Rekha with effect from 13th December 2021. According to a press release issued by LIC on 13th December, it is an individual savings life insurance plan. It has some special features. There are special premium rates …
LIC Tax Saving Plan: Investing in these plans of LIC will save tax, know details Read More »
Mutual Fund SIP Investment Tips: If you are starting investment then mutual fund is the best. Mutual funds also have different investment options. One of these is the Dividend Yield Fund. Mutual Fund Dividend Yield Plans are good for investors who have good knowledge of the economy and markets. Mutual Fund Dividend Yield Plans are …
Investment Tips: Rs 10,000 invested in 3 years 5 lakhs, know what is the plan Read More »
Finance Minister Nirmala Sitharaman met IMF Chief Kristalina Georgieva on Tuesday. During this, the impact of the war between Russia and Ukraine on the global economy was also discussed. In the meeting, the IMF Chief praised India’s strategy to accelerate the economy. He mentioned how the Indian economy has grown well even with limited resources …
During an event in the US on Monday, Finance Minister Nirmala Sitharaman once expressed the concern of the Indian government regarding cryptocurrencies. He said that amidst the expansion of fintech, there is a big danger that cryptocurrencies can be used for money laundering and terrorism funding. In a seminar at the International Monetary Fund (IMF) …
Shares of India’s #Infosys plunged 9% Monday to an eight-month low after the company last week posted a less-than-expected quarterly profit of 56.86 billion rupees ($744.05 million) for the quarter ended March 31. On this news, many Twitter account-holders are sharing memes by tweeting. One of Twitter user mentioned by posting a meme that: People …
People Are Sharing Memes As Infosys’s Shares Down Read More »
Share Market Dip: The domestic stock market also saw a fall on Monday morning due to weak signals from Asian markets. The Sensex, which started trading with a red mark, went down by more than 1000 points in a few minutes. On the other hand, Nifty went below the level of 17200. During this period, …
Share Market: Huge fall in the stock of Infosys, Rs 48 thousand crore worth of investors Read More »
Share Market After Long Break: The major stock markets of the country will open on Monday after a long break of four days. For the first time in the year 2022, the stock market was closed for four consecutive days due to Ambedkar Jayanti, Good Friday and Saturday-Sunday holiday. In such a situation, the big …
Fearing an aggressive rate hike by the US Federal Reserve, foreign investors took a cautious approach last week, pulling out over Rs 4,500 crore from the Indian stock market. This withdrawal has been made after a net investment of Rs 7,707 crore by foreign portfolio investors (FPIs) during April 1 to April 8. This information …
Trading in the cryptocurrency market was sluggish on Sunday morning. When the price of the largest holding currency bitcoin (Bitcoin) showed a fall, then the less favorite solana and litecoin registered a sharp increase in the market. The market value of the global cryptocurrency declined 0.69 per cent to $1.87 trillion in morning trade. According …
Many of the new investors want to know how this can help them earn maximum returns in the next one or two years. If you also want to know which investment can give you success in earning great returns in the next 1 or 2 years, then we have brought this advice for you. If …
MF: Which mutual fund will give great returns in a year? Read More »
According to the news published in The Economic Times, the central government has approached sovereign wealth and pension funds to become anchor investors in the upcoming IPO of LIC. These sovereign wealth and pension funds include the Qatar Investment Authority, Singapore-based GIC, three Canadian pension funds and the Abu Dhabi Investment Authority. An official has …
Today, Friday April 15th, the cryptocurrency market is down 2.01% as of 9:45 am. The Global Cryptocurrency Market Cap has once again come down to $1.88 trillion. Both the major currencies bitcoin and ethereum are down. Although the price of bitcoin currently remains above 40 thousand dollars. XRP and Dogecoin have seen an uptrend during …
Cryptocurrency News Today : Crypto Market Red Again, But XRP Rise Read More »
Elon Musk Offers to Purchase Twitter — Musk Believes ‘Free Speech Is a Societal Imperative’ During the first week of April, Bitcoin.com News reported on Tesla’s Elon Musk acquiring a stake in Twitter and at the time, analysts said it could lead to a buyout. Following the acquisition of a 9.2% stake in Twitter Inc., Musk promised he would push for …
Talking about the holidays in the stock market, the longest holiday of this year has started from today. Yes, the market will be closed for four consecutive days. Today on 14th April, there will be no business on the occasion of Mahavir Jayanti/ Dr. Babasaheb Ambedkar Jayanti, while April 15th is a holiday on Good …
Longest Holiday Of This Year in Stock Market From Today Read More »
If you invest in Cryptocurrency, then the government is going to give a big update on it soon. Actually, the government is working on FAQs i.e. frequently asked questions regarding taxation on cryptocurrencies. An official says that the FAQ will make things clear about levying Income Tax and GST on Virtual Digital Assets. The draft of the …
Breaking: Government To Give Big Update On Cryptocurrencies Through FAQs Read More »
A high-level committee of market regulator SEBI has said that investors of PACL will have to produce original registration certificate to withdraw money. This document can be submitted by 30 June, 2022. It will have to be deposited only when investors get a message from SEBI. This will be applicable only for those investors whose claim amount …
SEBI: PACL Investors Will Have To Produce Original Registration Certificate For Refund Read More »
The Reserve Bank of India (RBI) on Monday announced that it has amended the market trading hours regulated by the central bank in view of easing COVID-19 situation in the country to their pre-pandemic timing. The central bank stated, “With the substantial easing of restrictions on movement of people and functioning of offices, it has …
Markets regulator SEBI has now ordered mutual fund companies investing in commodities to disclose the risk. This risk o meter will be implemented immediately. A guideline has been issued for this. According to SEBI, just as risk is disclosed on investment in shares, in the same way, risk in commodities will also have to be …
Mutual Fund Companies To Disclose Risk On Investment in Commodities, SEBI Ordered Read More »
The Nasdaq-listed cryptocurrency exchange Coinbase announced Thursday at an event in Bengaluru that its trading platform will be fully available for retail traders in India. The company said that customers will be able to buy cryptocurrencies on Coinbase using the Unified Payments Interface (UPI), the most widely used payment method in India. Coinbase began testing …
Coinbase Launches in India, Hit With UPI Problem Read More »
Due to the Russia-Ukraine crisis, the effect of the bad stock market environment has started showing on the country’s biggest IPO. The government may bring the IPO of Life Insurance Corporation of India (LIC) before May 12. In this, it will now sell 7 percent stake. It is estimated to get Rs 50,000 crore in …
LIC IPO: Valuation Decreased Due To Poor Market Environment Read More »
The Securities and Exchange Board of India (SEBI) has revised upwards the size of bids that retail investors can submit in an initial public offer (IPO) using Unified Payment Interface (UPI). In a circular issued on Tuesday, the capital markets regulator increased the limit from the current Rs 2 lakh to Rs 5 lakh. “… …
Important Alert: Sebi revises UPI payment limit for individual investors in IPOs Read More »
Union Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday that India continues to be the highest Foreign Direct Investment (FDI) recipient and Indian retail investors have decided to handle the situation arising out of large amount of FPI withdrawals from the stock markets. capacity has been developed. Retail investors proved themselves Responding …
India is The Country With Highest FDI, Finance Minister Said This About Retail Investors Read More »