Shadow Debt is a concerning phenomenon that gained traction during the COVID-19 pandemic. It can have a devastating impact on your financial future. But what is shadow debt, and what’s the best way to avoid taking it on? The term “shadow debt” has been used for years to describe debt […]
The California Public Employees’ Retirement System reported a 9.3% gain for its latest fiscal year, with returns driven largely by public equity investments and private debt. The returns, which outpaced a 6.8% annual target, pushed total assets at the biggest US public pension fund to $502.9 billion for the fiscal […]
“All I can say is that a discussion paper will be issued shortly,” said a person aware of the development. The SMAC meeting was held to deliberate the recommendations of the Padmanabhan Working Group Committee on F&O. The panel headed by former Reserve Bank of India executive director G. Padmanabhan […]
Mining giant Vedanta has announced a floor price of ₹461.26 per equity share for its Qualified Institutional Placement (QIP) issue, according to an exchange filing on July 15. “We further wish to inform you that the ‘relevant date’ for the purpose of the Issue is July 15, 2024, and accordingly, […]
Oil prices remained stable as worries about demand in top importer China countered the support from strong demand elsewhere, OPEC’s supply restraint, and geopolitical tensions in the Middle East, on Monday. The broader market’s reaction to the attempted assassination of former U.S. President Donald Trump was closely watched. The U.S. […]
US stock indices gained on Monday on increased bets over presidential candidate Donald Trump winning a second term after he survived an assassination attempt. At the opening bell, the Dow Jones Industrial Average rose 137.50 points, or 0.34%, to 40,138.40. The S&P 500 was higher by 22.81 points, or 0.41%, […]
Indian stock market: Market indices Sensex and Nifty reached new closing highs on Monday, July 15, driven by gains in select index heavyweights including SBI, ONGC, NTPC, and ITC. The Nifty 50 reached a new record peak of 24,635.05 during the session, ultimately closing 85 points higher at 24,586.70, an […]
Tunwal E-Motors IPO: Monday, July 15, marked the start of the Tunwal E-Motors IPO subscription period, which ends on Thursday, July 18. With a face value of ₹2, each share in Tunwal E-Motors’ initial public offering (IPO) is priced at ₹59. A minimum of 2000 shares, as well as multiples […]
Financial services platform Northern Arc said on Monday that it has received markets regulator Securities and Exchange Board of India (SEBI) approval to raise funds through initial public offerings (IPO). The company submitted the draft red herring prospectus (DRHP) to the regulator in February this year for raising funds through […]
Crompton Greaves Consumer Electrical Ltd’s growth is expected to accelerate meaningfully in the coming quarters with the restructuring in Butterfly nearing completion and demand gaining ground in the segments that were lagging. A harsh summer likely aided the household electrical equipment maker Crompton’s June quarter results, thanks to its strong […]