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At the end of day one, the retail portion had 6% subscriptions, the QIB quota had 61% subscriptions, and the non-institutional investor category had 28% subscriptions. Also Read: Vodafone Idea FPO: 10 key things to know about ₹18,000-crore issue as anchor book opens today “Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today … Read more
I am 38 years old, make ₹1.35 lakh a month, and want to accumulate ₹5 crore for my retirement. Where and how should I invest to achieve this objective? —Name withheld on request You are 38, and if you plan to retire at the age of 60 with a corpus of ₹5 crore, you should … Read more
Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency, and robust corporate earnings. In the short term, market movements will likely be influenced by two main factors: The results of the upcoming Lok Sabha elections scheduled … Read more
As millennials, it’s commonplace for us to prioritise our personal financial aspirations. However, amidst our pursuits, we must recognize the financial security of our younger siblings, who may still need to gain the maturity or resources to secure their own financial futures. Rather than solely indulging in fleeting pleasures like gadgets or social outings, we … Read more
Indian stock market today: A total of ten stocks have been banned for trade on Thursday, April 18, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the … Read more
Among these, dividends stand out as one of the most common forms of rewarding shareholders, involving the distribution of a portion of the company’s profits to its shareholders. Public sector companies are particularly known for their consistent dividend payouts. To capitalise on corporate actions, investors need to stay abreast of the announcements made by companies … Read more
The global stage is set for a groundbreaking event as the World AI Creator Awards (WAIC) announces the inauguration of Miss AI, the world’s premier beauty pageant for AI models and influencers. This pioneering competition, reported by Gadgets 360, aims to honor the ingenuity and creativity of AI creators worldwide. With prizes totaling $20,000 (approximately … Read more
Wall Street: US stock indices surged on Wednesday bolstered by megacap stocks and positive corporate earnings. At 9:41 a.m. ET, the Dow Jones Industrial Average was up 146.74 points, or 0.39 per cent, at 37,945.71, the S&P 500 was up 20.02 points, or 0.40 per cent, at 5,071.43, and the Nasdaq Composite was up 71.46 … Read more
The Association of Mutual Funds in India (Amfi) and Boston Consulting Group (BCG) published a report in August 2019 titled Unlocking the ₹100 Trillion Opportunity. The mutual fund (MF) industry had under ₹25 trillion of assets under management (AUM) in July 2019. We have come a long way since then. The industry’s AUM has more … Read more
Metals companies are expected to report a mixed bag for the three months ended March (Q4FY24), with ferrous metal companies projected to see a drop in profits, while non-ferrous metal firms would likely be on a strong footing. Despite an increase in volume, ferrous metal companies suffered from a decline in prices, worsened by higher … Read more
