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.
New Delhi: The BJP on Sunday accused AAP supremo Arvind Kejriwal of orchestrating hoax calls to mislead voters across constituencies, including the New Delhi constituency, claiming that their were “cancelled” by the BJP. Addressing a press conference, BJP MP Parvesh Verma played an audio recording of one such call, in which a person was heard…
Shares of Vedanta Oil & Gas fell as much as 3.4% to their day’s low of Rs 33.66 on the BSE on Wednesday after the company disclosed two separate legal matters involving the Oil and Natural Gas Corporation Limited (ONGC) and the Directorate General of Hydrocarbons (DGH), Government of India. In the first matter, the…
When you go about buying a ₹1 crore home, it involves more than just arranging the purchase price. This is because the down payment an individual makes directly influences the size of the home loan, the monthly EMI, and eventually the total interest outgoings. Though a higher down payment can meaningfully reduce borrowing costs, putting…
Targeting a ₹5 crore retirement pot is a dream shared by many, and Systematic Investment Plans (SIPs) make it achievable. By committing a fixed amount to mutual funds at regular intervals, you put the power of compounding to work—turning steady, disciplined habits into long-term wealth and peace of mind. According to calculations based on a…
JPMorgan Chase reported a record second-quarter profit on Tuesday, as a wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while its trading desk capitalized on volatile markets. Revenue rose across all business units at the bank. Investment banking rode a sharp rebound in the U.S. IPO…
The government is planning to take pension awareness and retirement planning closer to rural households through a new community-based network of ‘Pension Sakhis’. The Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) have signed an MoU to expand pension awareness, enrolment and post-enrolment support across rural India, according to…
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