Brokerages have recommended subscribing to SBI Funds Management’s Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return ratios and reasonable valuation relative to listed peers. While most recommend the issue for long-term investors, some also see potential for listing gains.
The West Bengal state government will release 50% of pending Dearness Relief arrears of individual and family pensioners in the Kolkata Municipal Corporation (KMC) area through banks, PTI reported citing an official notification on the same. As per the notification from the state finance department’s pension branch, pending DR arrears will be disbursed through banks…
The Central Board of Direct Taxes (CBDT) has notified a new income tax return form for block assessments arising from search and seizure cases. The ITR-BN (income tax return for block assessment) form has been introduced under the Income-tax Act, 2025 and will take effect retrospectively from April 1, 2026. However, this return form is…
Airbnb once offered Indian homeowners an attractive alternative to traditional rentals, where yields typically remain around 2-4%. But the rapid growth in short-term rental listings is changing that equation, with falling nightly rates and rising competition putting pressure on hosts’ returns. Chandigarh-based Harshdeep Kaur experienced the shift after converting her home into an Airbnb in…
Raymond shares rose nearly 4% on Monday after the company appointed former Bharat Electronics chief Bhanu Prakash Srivastava as the chief executive officer (CEO) of its defence business. The stock gained nearly 4% to hit an intraday high of Rs 632 on the NSE. It later gave up some gains and was last trading at…
You can hold mutual fund units in two ways — through a Statement of Account (SOA) or a demat account. In the SOA format, units are recorded directly with the AMC or its registrar, while in the demat format, they are held electronically in a demat account. SEBI has recently released a circular to allow…
Mumbai: Pre-IPO placements are making a comeback after a subdued start to 2026, with companies seeking to capitalise on strong institutional demand for upcoming public issues by locking in valuations and bringing in marquee investors ahead of their listings. So far in July, three companies have raised funds before launching their initial public offerings. At…
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