Galactico Corporate Services Limited is a SEBI registered Category I merchant banker providing services such as corporate advisory, mergers & amalgamation, corporate valuations, QIB placement, ESOP advisory management, and listing to mid-cap, small and mid-size enterprises (SMEs). This small-cap stock has generated a multi-bagger return of 673% in the last 6 months. It was trading [...]
Best Term Plan: A term insurance plan is a type of life insurance plan that provides financial benefits to the beneficiary for the unfortunate loss of the life assured during the policy tenure. The compensation is provided to the family of the policyholder as a death benefit. Term plan insurance is the simplest form of [...]
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion for the industry. This came in the wake of a major correction in global markets that brought down the valuation of international stocks. In January, Sebi had asked mutual fund houses to [...]
PwC India on Tuesday said it will acquire Bengaluru-based Venerate Solutions Private Limited, a salesforce consulting firm. PwC India, however, did not disclose the financial details of the acquisition. Upon completion of the acquisition, Venerate and its team of consultants and developers will integrate with PwC India's salesforce practice, said PWC India, adding this acquisition [...]
Nazara Technologies Limited, Titan Limited and Anant Raj Limited have surged by more than 5% on Tuesday’s early trades. Ace Investor Rakesh Jhunjhunwala holds a stake in these stocks. Titan Limited Tata Group stock, Titan Limited surged for the second day in a row after global brokerage Macquarie said that the stock of the luxury [...]
The shares of full-integrated pharmaceuticals player Aurbindo Pharma Ltd. were trading near their new 52-week low in the early hours of trading on Tuesday. As of 10:45 IST, the stock was being exchanged for ₹ 529.50 on the bourses, down more than 27.5% year to date. One-year performance has been dismal as well as the [...]
Ace investor Rakesh Jhunjhunwala-promoted Akasa Air's first aircraft Boeing 737 MAX arrived in New Delhi on Tuesday, bringing it closer to securing the mandatory Air Operator Permit to start operations. The airline had received the ceremonial keys for the aircraft in Seattle, the US, on June 15, Akasa Air said in a statement. This is [...]
Capital markets regulator Sebi on Monday imposed a penalty totalling Rs 30 lakh on Reliance Industries and two individuals for not making prompt clarification to the stock exchange pertaining to the Jio-Facebook deal, which was disclosed through the newspaper. The other two individuals penalised by Sebi are -- Savithri Parekh and K Sethuraman. The fine need [...]
Capital markets regulator Sebi's total income marginally grew to Rs 826 crore in 2020-21, mainly due to increase in earnings from investments and fees. Also, the total expenditure of the regulator rose to Rs 667.2 crore for the year ended March 31, 2021, from Rs 588.14 crore in the previous fiscal, according to the annual [...]
ICICI Prudential Life Insurance on Monday announced a record bonus of Rs 969 crore for policyholders in FY2022, 12 per cent higher than the preceding fiscal. This is the company's 16th consecutive annual bonus, and the highest ever to date, ICICI Prudential Life said in a release. All participating policies in force as of March [...]
Cosmetics giant, Revlon Inc, had filed for bankruptcy protection, weighed down by supply chain disruptions, rising inflation, and debt obligations. Its shares had plunged more than 82% since January, however, they soared 91.28% on June 17th, 2022 after Reliance Industries considered buying out the company. Mukesh Ambani-led Indian oil-to-retail conglomerate is now mulling bidding for [...]
The shares of two EV companies were beaten down to reach their respective 52-week lows. Amara Raja Batteries Limited slipped 2.58% to ₹449.50 apiece, its new 52-week low. Meanwhile, Graphite India Limited’s shares tanked 4.91% to reach their 52-week low of ₹ 360.30 apiece. Amara Raja Batteries Limited’s share price has been declining since the [...]
Indian equity benchmarks opened on a positive note and the Nifty reclaimed 15300 points on Monday’s early trades. However, losses in the metal and oil & gas sectors offset gains. The tide has turned for metal stocks. Metal stocks in general are melting sharply after a massive outperformance last year. Nifty Metal plunged 4.53% on [...]
Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter [...]
The biography of billionaire industrialist Gautam Adani, Adani Group chairman and founder, will hit the stands in October, announced Penguin Random House (PRHI) on Monday. Written by journalist-author RN Bhaskar, "Gautam Adani: The Man Who Changed India", claims to bring to light, for the first time, the unknown aspects of one of the richest men [...]
The airlines' losses globally are expected to be down from USD 52 billion in 2021 to USD 9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said here on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of [...]
Vodafone Idea's Board is scheduled to meet on June 22, to consider and approve a proposal for raising funds to the tune of Rs 500 crore. The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the [...]
Metals and mining major Vedanta was down almost 12% in the early hours of the trading session on Monday. It was trading at its new 52-week low of ₹ 232 per share as of 11:45 IST. The stock is down more than 34% year to date against an almost 20% decline in the benchmark NIFTY [...]
Tata Group-owned Air India is considering buying more than 200 new planes with 70 per cent of them being narrow-bodied aircraft, aviation industry sources said on Sunday. While Air India has zeroed in on Airbus’s A350 wide-bodied aircraft for the procurement, the talks with Airbus and Boeing for narrow-bodied aircraft is still on, they said. [...]
The bear market is tightening its grip on the Indian Stocks in 2022 and the majority of the shares listed in the Indian stock market are currently trading at discount. Even the mighty tata stocks are hit by the bear market and most of its publicly listed companies have not given any positive returns so [...]
