Author: Invest Policy

Northern Arc Capital’s ₹777 crore IPO has taken the market by storm, receiving an overwhelming response from all categories of investors. As of the final day of subscription on 19 September 2024, the issue was subscribed a remarkable 110.91 times. Investors placed bids for 238.22 crore shares against the 2.14 crore shares available. The strong demand was led by Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors, ensuring the IPO’s resounding success. The price band for the shares was set between ₹249 and ₹263. Breakdown of Northern Arc Capital IPO Subscription Figures: Major Participation from QIBs and NIIs…

If you’re planning a vacation to Thailand, get ready to shell out a little extra. The Thai government is preparing to introduce a tourism tax, aimed at boosting its infrastructure and increasing revenue from the booming tourism sector. This new tax will be applicable to international travelers visiting Thailand by air, sea, or land. While the exact start date is yet to be announced, tourists will soon have to account for this additional fee as part of their travel expenses. Why is the Tourism Tax Being Introduced? Thailand’s tourism sector has long been one of its biggest revenue generators, and…

Vodafone Idea shares faced a severe crash after the Supreme Court’s latest ruling on Adjusted Gross Revenue (AGR) dues. The decision, which dashed hopes of any relief, has sent shockwaves through the telecom industry, especially for Vodafone Idea. Within just an hour of the court’s decision, the company’s market value plummeted by ₹13,500 crore, marking a drastic drop in its stock price by 19%, closing at ₹10.50. This was the company’s largest single-day fall since January 2022. Alongside Vodafone Idea, Indus Towers also saw a significant fall, closing down by 9%. With Vodafone Idea already under immense financial pressure, the…

Taxpayers involved in disputes with the Income Tax Department may experience significant relief under new monetary limits set by the Central Board of Direct Taxes (CBDT). These changes come as a response to the government’s efforts to streamline the tax appeal process and reduce the number of cases reaching higher courts. If you’ve faced a tax dispute, here’s what you need to know about these changes. Appeal Limits Raised to Prevent Overloading Courts In many instances, taxpayers do not agree with the tax demand notices issued by the department and file appeals against them. When these appeals are decided in…

N Jayakumar, the Managing Director of Prime Securities, recently shared his insights on CNBC-Awaaz regarding the future of the Indian stock market. With over 30 years of experience in capital markets, Jayakumar has been a key figure in equity research and wealth management. His perspective provides valuable insights into where the market is headed, especially after the recent interest rate cuts. Expect Profit Booking After Rate Cuts Jayakumar emphasized that the market often witnesses profit booking after significant events, such as the rate cut recently announced. He believes this is a normal part of the market cycle, where corrections happen…

Bajaj Auto’s Managing Director, Rajiv Bajaj, is confident that the company’s share price could touch ₹20,000, following the brand’s impressive performance this year. In a recent interview with CNBC-TV18, Rajiv Bajaj highlighted key areas such as electric vehicles and exports as the main drivers of growth for the company. On 19th September, Bajaj Auto’s stock witnessed a slight increase of about 1%, trading at ₹11,863.90 on the BSE. With this rise, the market cap of the company surged to ₹3.31 lakh crore. Bajaj Auto’s Electric Revolution and Capacity Struggles Rajiv Bajaj pointed out the increasing demand for the company’s Chetak…

After the recent rate cut by the US Federal Reserve, the US stock markets witnessed a dip, raising questions about how it will influence global markets, including India. The US Fed announced a 0.50% cut in interest rates, the first cut in four years, aimed at boosting the economy ahead of the upcoming US presidential election. While the US markets reacted with some initial gains, they later closed in red, with the Dow Jones, S&P 500, and Nasdaq all posting slight declines. How the Fed’s Rate Cut Impacts the Global Economy The Federal Reserve’s decision to cut interest rates is…

Bajaj Auto has made significant strides in the Indian two-wheeler market, especially after deciding to focus on motorcycles with more than 125cc power post-COVID. This strategic shift has proven to be beneficial, as the demand for bikes in this category has seen remarkable growth. With a 50% share in India’s total bike sales, the 125cc+ segment witnessed a 21% growth in FY2024. Bajaj Auto, being a key player in this segment, holds a market share of 26% in bikes above 125cc. But what does this mean for investors? Let’s explore. Surge in Demand for High-Power Bikes Bajaj Auto has successfully…

The Western Carriers India IPO has been receiving a positive response from investors, with the logistics company’s public offering being subscribed 13.89 times by the end of the fourth day. The IPO has attracted bids for 28.98 crore shares, while only 2.08 crore shares are available for sale. Investors still have a chance to participate in this IPO, as the subscription window remains open until September 19. The company has set the price band between Rs 163-172 per share and aims to raise Rs 492.88 crore through this IPO. Western Carriers India IPO Subscription Details IPO Breakdown: Fresh Shares and…

NTPC Green Energy, a subsidiary of NTPC, is gearing up to hit the stock market with a massive Rs 10,000 crore initial public offering (IPO), aiming to raise funds for expanding its green energy portfolio. On Wednesday, the company filed its draft papers with the Securities and Exchange Board of India (SEBI), marking a significant step towards strengthening its presence in the renewable energy sector. No Offer for Sale, Focus on Fresh Equity Unlike many IPOs, NTPC Green Energy’s share sale will solely consist of fresh equity shares, with no offer for sale (OFS) component involved. Of the total Rs…