Author: Shehnaz Beig

As markets gear up for the day, all eyes are on Sensex and Nifty, with positive indications pointing towards a strong opening. GIFT Nifty suggests Nifty could open with gains of around 54 points. With the market sentiment looking positive, these 10 stocks are likely to be in the spotlight today. From corporate deals to mergers and new projects, these companies could see significant action. Let’s take a closer look at the key stocks making headlines today: 1. ASK Automotive ASK Automotive could see some movement as its promoter, Kuldeep Singh Rathi, plans to sell a 6.05% stake through an…

Upcoming IPOs: Investors looking to explore fresh opportunities in the stock market are in for some exciting times as several major IPOs are set to launch around Diwali. Three big names – Hyundai Motor India, Swiggy, and NTPC Green Energy – are preparing to open their initial public offerings (IPOs), with a combined value exceeding ₹50,000 crore. These offerings are expected to roll out in late October or early November, offering investors a chance to tap into these highly anticipated IPOs. Hyundai Motor India IPO: Biggest in India’s Auto Sector One of the most significant IPOs expected to hit the…

Planning to move and work in Denmark? From October 1, 2024, the Danish government will introduce new salary rules for work permits. This change aims to ensure that international workers receive fair wages according to Danish standards. Whether you’re applying for a job or renewing your work permit, your salary will need to meet the new criteria set by the government. What Does the New Rule Mean? Starting October, to work in Denmark, your salary must align with the local wage standards. This rule applies to both new applicants and those looking to extend their work permits. The government will…

The State Bank of India Mutual Fund has announced an extension for its new fund offer (NFO) of the SBI Nifty 500 Index Fund. Initially, the NFO was set to close on September 24, 2024, but now, investors have two more days to apply until September 26, 2024. This decision gives investors an extended window to participate in a diverse index fund that tracks the performance of India’s top 500 companies. What is the SBI Nifty 500 Index Fund? The SBI Nifty 500 Index Fund is an open-ended equity scheme that mirrors the performance of the Nifty 500 Index. This…

The Indian government has launched the National Electricity Plan (NEP) 2023-2032, aiming to revolutionize the country’s power infrastructure over the next nine years. The plan, which has a budget of Rs 9.15 lakh crore, focuses on expanding India’s transmission network and integrating more renewable energy into the system. This expansion will be critical in meeting the growing electricity demand, which is expected to peak at 458 GW by 2032. Transmission Network Expansion: A Key Focus Under the NEP, the transmission network will be expanded by 33%, growing from 4.85 lakh circuit kilometers (KM) to 6.48 lakh circuit KM by 2032.…

Economists are optimistic about South Asia, particularly India, as it emerges as a global economic leader in a challenging environment. A survey by the World Economic Forum (WEF) revealed that India’s strong growth is helping South Asia stand out on the world stage, while the US elections are expected to play a key role in shaping global economic policies soon. India’s Economy Boosts South Asia’s Global Standing South Asia has been performing exceptionally well, with India at the forefront. According to WEF’s latest Chief Economist Outlook, 70% of leading economists predict strong or very strong growth for South Asia, driven…

India’s economic rise has caught the world’s attention. With global uncertainties and fears of recession gripping many countries, India stands out as a beacon of growth and opportunity. Investors from around the world, including top financial leaders like JP Morgan’s CEO Jamie Dimon, are increasingly optimistic about India’s future. India’s Economic Resilience Amid Global Challenges While many economies are slowing down, India is showing remarkable resilience. Its strong domestic consumption, coupled with reforms in infrastructure and digital sectors, are driving growth at a pace that has surprised even the most optimistic analysts. The World Bank’s recent report highlights that while…

Multi asset funds are a popular investment option for those who want to spread their money across various asset classes such as stocks, bonds, and gold. These funds are known for their ability to diversify investments and reduce risks. But when it comes to taxation, things can get a little tricky, especially because each asset class has its own set of tax rules. What Are Multi Asset Funds? Multi asset funds invest in at least three different types of assets. These can include: Some multi asset funds may also invest in international stocks, real estate investment trusts (REITs), or infrastructure…

M&B Engineering, a leading company in steel roofing solutions, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its Initial Public Offering (IPO). The Gujarat-based company plans to raise Rs 653 crore through this public issue, which includes both fresh equity shares and an Offer for Sale (OFS). IPO Details: Fresh Shares and Offer for Sale The IPO will include the issuance of fresh equity shares worth Rs 325 crore. Additionally, shares worth Rs 328 crore will be sold through an Offer for Sale (OFS) by the company’s promoters. Key promoters involved in the OFS include Girishbhai Manibhai…

SBI Small Cap Fund has consistently delivered impressive returns since its inception. For investors seeking long-term growth, particularly in small cap stocks, this fund has emerged as a top choice. Over the last 15 years, it has not only generated significant returns for those who made a lump sum investment but also provided a substantial boost for SIP investors. Let’s explore how this fund performed and why it has become a popular choice for investors aiming for high returns. Stellar Growth: 1 Lakh Becomes Over 18 Lakhs SBI Small Cap Fund has transformed investments over the past 15 years with…