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.
Gold and silver prices: The price of the yellow metal in India’s retail market dropped on Wednesday, 8 July, due to negative global cues, primarily driven by rising tensions between the US and Iran, with both 24-karat and 22-karat gold rates showing a marginal decline across major cities. Silver prices, on the other hand, also…
Mumbai: The Reserve Bank of India (RBI) Friday announced a host of measures to attract foreign currency inflows, aimed at strengthening external buffers, even as the six-member rate-setting committee voted to keep the policy rate unchanged at 5.25% and maintained a neutral stance. RBI took steps to attract overseas investors into government bonds and equities,…
Mumbai: Shares of electronic manufacturing services (EMS) players rose on Thursday after the Centre extended customs duty concessions on a range of machinery and components used by these players until March 2029. Shares of Dixon Technologies(India), Amber Enterprises India, Syrma SGS Technology, PG Electroplast and Kaynes Technology India rose between 2% and 7% at the…
While discussions around the 8th Pay Commission have largely focused on the minimum salary, fitment factor and allowances, another proposal has emerged in the submissions made by employee organisations. Should there be a limit on how much the highest-paid Central government employee can earn relative to the lowest-paid one? Different employee bodies have presented contrasting…
One of the key goals of wealth creation is to meet your financial goals. The process gets simpler when your financial goal is specific, time-bound and defined by a number. Suppose you want to accumulate ₹1 crore over a period of 10 years, and intend to achieve it by investing your funds in mutual funds….
Ahmedabad: The charisma of Prime Minister Narendra Modi is among the key factors most likely to influence voters in the ensuing Lok Sabha elections in Gujarat, according to political observers. Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency,…
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