A naukri.com initiative
Funding News
Bloomberg Quint
3d
354
Image Credit: Bloomberg Quint
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.
Read Full Article
21 Likes
Bloomberg Quint
3d
370
Image Credit: Bloomberg Quint
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.
Read Full Article
22 Likes
Bloomberg Quint
3d
123
Image Credit: Bloomberg Quint
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.
Read Full Article
7 Likes
Bloomberg Quint
3d
327
Image Credit: Bloomberg Quint
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
Read Full Article
19 Likes
Bloomberg Quint
3d
39
Image Credit: Bloomberg Quint
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.
Read Full Article
2 Likes
Bloomberg Quint
3d
227
Image Credit: Bloomberg Quint
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.
Read Full Article
13 Likes
Bloomberg Quint
3d
877
Image Credit: Bloomberg Quint
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.
Read Full Article
20 Likes
Bloomberg Quint
3d
195
Image Credit: Bloomberg Quint
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.
Read Full Article
11 Likes
Bloomberg Quint
3d
143
Image Credit: Bloomberg Quint
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.
Read Full Article
8 Likes
Bloomberg Quint
3d
139
Image Credit: Bloomberg Quint
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.
Read Full Article
8 Likes
HRKatha
3d
355
Image Credit: HRKatha
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.
Read Full Article
21 Likes
Bloomberg Quint
3d
586
Image Credit: Bloomberg Quint
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.
Read Full Article
4 Likes
Bloomberg Quint
3d
636
Image Credit: Bloomberg Quint
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
Read Full Article
7 Likes
Pymnts
3d
931
Image Credit: Pymnts
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.
Read Full Article
12 Likes
Bloomberg Quint
3d
5.5k
Image Credit: Bloomberg Quint
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.
Read Full Article
20 Likes
For uninterrupted reading, download the app