Western Carriers raises ₹148 crore from 15 anchor investors, preparing for its upcoming IPO. Key insights. Source and citation: ET Bureau, Sep 13, 2024. TLDR For This Article: Logistics firm Western Carriers raised ₹148 crore from 15 anchor investors ahead of its IPO. The shares were sold at ₹172 each, and the IPO opens from […]
SEBI orders attachment of Karvy’s accounts to recover ₹25 crore, highlighting regulatory enforcement in finance. Source and citation: PTI, Sep 13, 2024. TLDR For This Article: SEBI has ordered the attachment of Karvy Stock Broking’s bank, demat, and mutual fund accounts, including those of its CMD C Parthasarathy, to recover ₹25 crore. The firm and
Sebi Orders Attachment of Bank and Demat Accounts of Karvy Stock Broking, its CMD Read More »
General insurance industry growth slows to 4.5% in August, dragged by weak auto sales and tariff stagnation. Source and citation: Ashutosh Shyam, ET Bureau, Sep 13, 2024. TLDR For This Article: India’s general insurance sector saw a modest 4.5% growth in August 2024, hindered by slower vehicle sales and no motor third-party tariff hikes. Health
General Insurance Growth Slows to 4.5% in August Amid Slower Auto Sales Read More »
Equity fund inflows hit an 18-month high in August, driven by new thematic funds. Key investor insights. Source and citation: Ashutosh Shyam, ET Bureau, Sep 13, 2024. TLDR For This Article: Equity fund inflows surged in August, with sectoral/thematic funds contributing 30% of total inflows. Sector-specific new fund offers (NFOs) played a significant role in
New Thematic Schemes Keep Net Equity Fund Inflows Firm in Aug Read More »
Funds offload 10% of Honasa shares worth ₹1,601 crore, impacting stock price. Key insights for investors. Source and citation: ET Bureau, Sep 13, 2024. TLDR For This Article: Domestic and foreign funds sold a 10% stake in Honasa Consumer for ₹1,601 crore in bulk deals, led by Sequoia Capital. The stock dropped 5.36%, closing at
North Indian investors quadruple in four years, reshaping India’s equity landscape. Key insights for retail investors. Source and citation: Rajesh Mascarenhas, ET Bureau, Sep 13, 2024. TLDR For This Article: The number of equity investors in North India has grown fourfold since FY20, driven by rising financial literacy, affordable internet access, and digital infrastructure like
Investors in North Take the Equity Plunge, Nos Quadruple in 4 Years Read More »
SEBI approves 10x increase in NSE’s share capital, setting stage for bonus issue and potential IPO. Source and citation: Rajesh Mascarenhas, ET Bureau, Sep 13, 2024. TLDR For This Article: SEBI has approved a 10-fold increase in NSE’s authorised share capital to ₹500 crore, preparing for a four-for-one bonus issue and potentially paving the way
Gold hits record high as investors anticipate U.S. rate cuts. Key takeaways for retail investors inside. Source and citation: Reuters, Sep 13, 2024. TLDR For This Article: Gold prices hit an all-time high of $2,551.19 per ounce as investors anticipate interest rate cuts by the Federal Reserve following weaker U.S. economic data. The precious metals
Mutual funds accumulate stocks benefiting from potential rate cuts and cheaper oil. Key insights for investors. Source and citation: Prashant Mahesh, ET Bureau, Sep 13, 2024. TLDR For This Article: Mutual fund managers are targeting stocks poised to gain from falling oil prices and potential rate cuts by central banks. Key sectors like paints, tyres,
MFs Add Stocks with Focus on Likely Rate Cuts, Cheaper Oil Read More »
Retail inflation increases slightly to 3.65%, while factory output grows in July. Key insights for investors. Source and citation: ET Bureau, Sep 13, 2024. TLDR For This Article: Retail inflation in August rose slightly to 3.65%, driven by food price increases, while factory output grew by 4.8% in July, signalling strong manufacturing growth despite inflationary
Retail Inflation Rises a Tad to 3.65% in August; Factory Output Increases Read More »