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Bloomberg Quint
2d
346
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Life Insurance Sector Check - Navigating The Changes In Surrender Charges: Motilal Oswal
- Motilal Oswal believes that companies with a higher proportion of non-bancassurance channels in their distribution mix like ICICI Prudential, LIC will outperform.
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Bloomberg Quint
2d
362
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Christmas 2024 Bank Holiday: Banks To Remain Shut On Dec. 25 In These States; Full List Here
- Banks across India will remain closed on December 25, 2024, for Christmas celebrations.
- Internet banking and other related services will continue to function without any disruptions.
- In addition to December 25, banks will also remain shut on December 26 in Mizoram, Nagaland, and Meghalaya on account of Christmas celebrations.
- Banks in Nagaland will remain closed from December 24 to December 27 for Christmas celebrations.
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Bloomberg Quint
2d
120
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Stocks To Buy: Maruti Suzuki, Hyundai Motor India, M&M Among Motilal Oswal's Top Picks In Auto OEMs
- Maruti Suzuki is Motilal Oswal's top pick among auto OEMs as it continues to be a play on the rural recovery with attractive valuation.
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Bloomberg Quint
2d
319
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MTNL Share Price Snaps Three-Day Fall As Company Approves Voluntary Retirement Scheme
- MTNL share price snapped its three-day fall and rose following the company's approval of a voluntary retirement scheme
- The company aims to reduce employee costs by offering a voluntary retirement scheme to employees aged 45 years and above
- In the quarter ended September, the company reported an employee benefit expense of Rs 145.96 crore
- Before the rise, the stock had fallen nearly 8% in three sessions
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Bloomberg Quint
2d
38
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IIT Alumni's SME IPO Put On Hold By BSE After Social Media Complaints
- BSE has put on hold the bidding for Solar91 Cleantech Ltd.'s SME IPO due to media queries.
- The company's valuation soared 150% within one month, raising concerns among investors.
- This is the third SME IPO to come under scrutiny ahead of its listing.
- BSE's action follows Sebi's approval of tighter regulations for SME IPOs.
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Bloomberg Quint
2d
222
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Rupee Slips To Record Low As Dollar Continues To Edge Higher
- Indian rupee opened at 85.10 against US dollar, depreciated 3 paise to touch a new low of 85.15.
- Rupee's weakening attributed to persistent dollar demand and global pressures.
- Thin trading volumes expected during holiday season, but dollar index likely to remain elevated.
- Rupee anticipated to trade within a range of 84.70 to 85.20 in the coming days.
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Bloomberg Quint
2d
849
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Non-Life Insurance Sector Sees Growth In Premiums And Improved Claims Ratio In 2023-24: IRDAI
- The non-life insurance sector in India experienced growth in premiums and improved claims ratio in 2023-24, according to the IRDAI's annual report.
- The net incurred claims to net earned premium ratio for the non-life insurance industry stood at 82.52% in 2023-24.
- Public sector general insurers saw an 8.88% increase in their contribution, rising from Rs 82,891 crore in 2022-23 to Rs 90,252 crore in 2023-24.
- Private sector insurers, including standalone health insurers, underwrote Rs 1.88 lakh crore, up from Rs 1.58 lakh crore in 2022-23.
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Bloomberg Quint
2d
191
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Sagility Receives Another Initiation — JPMorgan 'Overweight' On Stock
- Sagility India Ltd. receives an 'overweight' coverage initiation from JPMorgan with a 16% potential upside on structural tailwinds and deep domain expertise.
- The IT-enabled services firm is expected to benefit from rising outsourcing and its strong client relationships.
- Sagility is a play on the US healthcare operations spending, which is under-penetrated in outsourcing at 22%.
- The stock has risen 59% since its listing on Nov. 12, and two analysts have a 'buy' rating on the stock.
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11 Likes
Bloomberg Quint
2d
140
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Stocks To Buy: Motilal Oswal Maintains 'Buy' On Cummins, Kirloskar Oil Engines; Here's Why
- Motilal Oswal maintains 'Buy' rating on Cummins and Kirloskar Oil Engines.
- Both companies are well equipped to tide over the emission norm transition.
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8 Likes
Bloomberg Quint
2d
136
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Zaggle Prepaid Approves Allotment Of 1.13 Crore Shares Via QIP
- Zaggle Prepaid Ocean Services Ltd. has approved the allotment of 1.13 crore shares to qualified institutional buyers.
- The shares were allotted at an issue price of Rs 523.20 per equity share, reflecting a 5% discount on the floor price.
- The allotment resulted in an increase in the company's paid-up equity share capital from Rs 12.28 crore to Rs 13.42 crore.
- Motilal Oswal Investment Advisors, Equirus Capital, and Nuvama Wealth Management were the book-running lead managers for the transaction.
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HRKatha
2d
347
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115 TISS faculty members get contracts extended till March
- 115 faculty members of Tata Institute of Social Sciences (TISS) have had their contracts extended till March 2025.
- These faculty members were appointed under projects funded by the Tata Education Trust (TET) and were selected through a rigorous process.
- Earlier this year, some faculty members were dismissed due to lack of funds, but the dismissal order was withdrawn and funding was extended till the end of this year.
- A sustainability committee has been formed to find long-term solutions for the projects.
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Bloomberg Quint
2d
567
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Swiggy’s Incognito Mode: Chicken Biryani Tops 2024 Secret Orders
- Swiggy's Incognito Mode revealed that Chicken Biryani was the top secret order in 2024, with over 25,000 orders placed.
- Bengaluru had the highest number of secret orders under Incognito Mode, with 54,064 orders.
- Swiggy introduced the Incognito Mode feature on September 6, allowing users to place private orders for food and quick commerce.
- Incognito Mode ensures that orders remain private and hidden from the order history after delivery.
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Bloomberg Quint
2d
615
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ISRO To Launch 'SpaDeX' Technology Demonstrator Mission Next Week
- India's SpaDeX mission, aimed at developing and demonstrating in-space docking technology, will be launched using PSLV-C60 on December 30 from Satish Dhawan Space Centre, Sriharikota
- The SpaDeX mission is a cost-effective technology demonstrator for 'in-space docking', using two small spacecraft launched by PSLV
- The technology is crucial for India's space ambitions, including missions to the Moon and the operation of Bharatiya Antariksh Station (BAS)
- The SpaDeX mission aims to achieve rendezvous, docking, and undocking of two small spacecraft in a low-Earth circular orbit
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Pymnts
2d
890
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Apple’s AI Investments Bring It to Edge of $4 Trillion Valuation
- Apple has surpassed Nvidia and Microsoft in the race for a $4 trillion valuation.
- Investor enthusiasm for artificial intelligence (AI) and expectations of a supercycle of iPhone upgrades have driven Apple's shares higher.
- Apple expects moderate revenue growth for its fiscal first quarter, leading to questions about iPhone sales momentum.
- Apple is collaborating with Chinese tech giants Tencent and ByteDance to integrate their AI models into its smartphones sold in China.
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Bloomberg Quint
2d
5.4k
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Indo Farm Sets Price Band For Rs 260-Crore IPO
- Indo Farm Equipment Ltd. will launch its initial public offering on Dec. 31 at a price band of Rs 204–215 per share to raise Rs 260.15 crore.
- The proposed public offering consists of a fresh issue of Rs 184.90 crore and an offer-for-sale component of Rs 75.25 crore.
- The company's market value at the upper end of the price band is estimated to be Rs 1,033 crore.
- Indo Farm Equipment manufactures tractors and pick and carry cranes, with over two decades of industry experience.
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