Indegene Limited’s IPO, breaking the May launch drought during Indian elections, offers shares at ₹430-₹452. The book build is open till May 8, 2024. The current grey market premium is ₹246/share. IPO aims to raise ₹1841.76 crore, with ₹760 crore from fresh shares. The lot size is 33 shares. Likely allotment date: May 9; listing: […]
Indegene IPO Opens Today: Review, Price, Lot Size, and More – Apply Now?” Read More »
Bajaj Auto MD Rajiv Bajaj criticizes high taxes on the Indian auto industry, contrasting rising emission standards with a hefty 28% tax burden, far surpassing ASEAN countries’ 8-14% GST. He urges reducing vehicle taxes from 28% to 12-18% for industry relief, especially amidst stagnant motorcycle demand due to COVID-19. Bajaj’s remarks came during the launch
Rajiv Bajaj Calls for Tax System Overhaul, Urges Government Relief: Insights Read More »
Shares of Rane Brake Linings surged 17.5% to Rs 998 as investors celebrated its robust Q4 results, with a net profit of Rs 15.4 crore, up 28% from the previous year. Revenue rose to Rs 186.7 crore, EBITDA to Rs 28.6 crore, and margins stood at 15.3%. The company reported record sales, 19% growth in
Rane Brake Lining Stock Soars 17% on Strong Q4 Performance, Garnering Investor Attention Read More »
In 2024, Saudi Arabia’s mining sector will be thriving, with plans for the fifth round of exploration targeting six locations spanning 940 square km for gold, copper, and zinc. Over 500 exploration licenses have been granted, signalling significant growth. This progress is attributed to amended mining investment regulations. Saudi Arabia’s mineral wealth, estimated at SAR9.6
Saudi Arabia is set to Unveil Lucrative Investment Prospects Across Six Key Mining Sites Read More »
Recently, a customer faced issues returning a damaged laptop cooling stand bought on Amazon. Despite complying with return procedures, Amazon repeatedly refused pickup without explanation. Frustrated, the customer contacted Amazon customer service, only to encounter similar resistance. After numerous failed attempts, a different representative finally agreed to process the return. However, the lack of transparency
SEBI’s move to reduce corporate bond face value to ₹10,000 from ₹1 lakh aims to boost retail investor participation in the debt market. Nithin Kamath, Co-founder of Zerodha, commends this shift, emphasizing bonds as a safer investment than stocks, yielding better returns than fixed deposits. He lauds SEBI for addressing retail investor accessibility issues by
The UK pharmaceutical company AstraZeneca acknowledged its COVID-19 vaccine’s rare side effect, thrombosis with thrombocytopenia syndrome (TTS). A lawsuit claims the vaccine caused deaths and severe harm, including a case where Jamie Scott developed a brain injury after vaccination in April 2021. AstraZeneca admitted the vaccine can cause TTS in rare cases, but the causal