IPO activity is heating up, but investors need to look beyond the hype. Here’s how to use an IPO’s red herring propsectus to assess financials, governance, valuation and other warning signs before subscribing.
The Reserve Bank of India sold a net $6.1 billion in the foreign exchange market in May, data released on Wednesday showed, as a sharp rise in oil prices due to the Iran war pushed the rupee to an all-time low. The RBI said in its monthly bulletin that it purchased $22.2 billion and sold…
Equity mutual funds swing up to 8% last week. Check top 5 gainers and losers
India’s parking crunch is increasingly becoming a financial risk for vehicle owners. From scratches and broken mirrors to theft, flooding and falling trees, parked vehicles can suffer significant damage even when they are off the road. “One of the biggest challenges of owning a vehicle in Indian cities today begins even before you start the…
The Employees’ Provident Fund Organisation (EPFO) has introduced two online ways for salaried employees to transfer their EPF balance from a previous employer to their current EPF account. The feature is available on the revamped EPFO Member Portal and aims to make the transfer process faster, simpler and completely online. The move is part of…
The Bharatiya Mazdoor Sangh (BMS) has raised a number of demands before the Centre ahead of its protests scheduled nationwide on 17 August, the central trade union’s national vice president and media in-charge Pawan Kumar said. In Delhi, the RSS-affiliated union’s protest will be held at Jantar Mantar, as per a PTI report. Speaking to…
Oil prices climbed 2% on Thursday to their highest level in over six weeks as the United States launched another round of strikes on Iran and Yemen’s Houthis targeted oil tankers in the Red Sea. Crude oil price on July 23 Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level…