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Inventurus Knowledge Solutions Limited has made a remarkable debut on the stock exchanges with its Initial Public Offering (IPO), listing at a premium of 43%. This strong debut follows a highly successful IPO that raised Rs 2,498 crore. The stock opened at Rs 1,900 per share on the National Stock Exchange (NSE), representing a 42.96%…
Indian Stock Market Outlook: Global Market Impact, Gift Nifty, and Key Developments The domestic equity benchmarks, Sensex and Nifty 50, are expected to open lower on Thursday, following a significant downturn in global markets. This comes after the US Federal Reserve reduced expectations for interest rate cuts in 2025, disappointing investors. Global Market Trends Asian…
D Gukesh, the youngest World Chess Champion, made history not just with his moves on the chessboard but also with his impressive earnings of ₹11.45 crore in prize money. However, the Indian taxation system ensures that even such monumental achievements are accompanied by substantial deductions. Gukesh’s ₹11.45 crore prize money and an additional ₹5 crore…
Owning a home is a dream for many—a dream that symbolizes stability, success, and providing happiness for your family. But turning this dream into reality often comes with the challenge of a home loan. What most people don’t realize is that a home loan, if not managed smartly, can lead to paying nearly double the…
The Securities and Exchange Board of India (SEBI) board is set to meet today in Mumbai to deliberate on a proposed regulation that would empower the regulator to initiate formal investigations based on suspicious trading activities or the presumption of fraudulent actions. This proposed rule marks a shift from the current regulatory framework, which mandates…
BSE and NSE Consider Keeping Markets Open on Saturday, February 1, for Union Budget 2025 The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are reportedly evaluating the possibility of keeping the stock markets open on Saturday, February 1, 2025, to coincide with the presentation of the Union Budget 2025. This development was…
ITC Sets January 6 as Record Date for Hotel Business Demerger ITC Limited has officially announced January 6, 2025, as the record date for its much-anticipated demerger of the hotel business. This move aims to streamline its business operations and provide shareholders with enhanced value. In a filing with the stock exchange, ITC stated, “The…
Shares of VA Tech Wabag saw a sharp drop before partially recovering, following the announcement from the Saudi Water Authority that it would cancel a major desalination project tender. The authority stated that it intended to adjust the project’s scope and size, with plans to issue a new tender within the next few weeks. While…
Inventurus Knowledge Solutions (IKS) IPO Allotment Today: Key Updates The much-anticipated IPO allotment for Inventurus Knowledge Solutions (IKS) is expected to be finalized today, Tuesday, December 17, 2024. This public offering, which closed on December 16, garnered massive attention and overwhelming participation from investors across all categories. Final Subscription Status of the IKS IPO The…
The Indian stock market faced a rough day today, with the BSE Sensex and NSE Nifty taking notable hits. This downward trend is largely due to Foreign Institutional Investors (FIIs) selling off their positions as they prepare to close their books for the year. BSE Sensex and NSE Nifty Performance Snapshot : Ajit Mishra from…