Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
India’s position as the world’s fastest-growing major economy continues to attract global confidence. After the International Monetary Fund (IMF) and the World Bank, global rating agency Moody’s has also increased its growth forecast for India. The agency now predicts that India will grow at 7.1% in the calendar year 2024, an upward revision from its earlier forecast of 6.8%. Moody’s positive revision in India’s growth forecast showcases the growing global optimism around the country’s economic future, supported by strong domestic consumption and government initiatives. Revised forecasts for 2024 and beyond with stable growth outlook In its latest report, Moody’s has…
The Securities and Exchange Board of India (SEBI) is preparing for a significant board meeting on September 30, 2024. This meeting is expected to introduce several important reforms, particularly in the derivatives market, which could have a profound impact on investors and traders. SEBI has been working on strengthening the index derivatives framework, and new proposals will likely address key issues related to retail investor participation in derivatives. Changes in Derivatives Trading Framework The primary focus of SEBI’s meeting will be on reforms in index derivatives. SEBI has been concerned about the increasing number of retail investors engaging in derivatives…
Waaree Energies Limited, a prominent player in the solar PV module manufacturing sector, is preparing to launch its Initial Public Offering (IPO) in mid-October 2024. This follows the recent approval from the Securities and Exchange Board of India (SEBI) on September 20, enabling the company to issue fresh equity shares worth ₹3,000 crore. Additionally, 32 lakh shares will be offered by existing shareholders through the Offer for Sale (OFS) component of the IPO. How Will the Funds Be Utilized? A significant portion of the funds raised from the IPO will be directed towards establishing a state-of-the-art 6 gigawatt (GW) manufacturing…
Investing can be tricky, especially when trying to decide between equities and debt. Market fluctuations often make investors anxious about their decisions, whether it’s about entering the market or withdrawing funds. Balanced Advantage Funds (BAFs), also known as Dynamic Asset Allocation Funds, offer a simple yet effective solution for investors who want to remove the confusion from their investment journey. By balancing investments between equity and debt, BAFs take care of asset allocation dynamically, ensuring investors benefit from market movements without the need for constant intervention. Let’s explore how BAFs work and the top 8 benefits they provide to investors.…
India’s economy is set for significant growth, with employment opportunities expected to rise, according to the Asian Development Bank (ADB). In its latest report, ADB highlights that the Indian government’s recent employment-related incentives for workers and companies are likely to boost demand for labor in the coming years. This could bring relief to many young job seekers across the country. Government Policies to Boost Job Creation The ADB report sheds light on how the government’s initiatives are aimed at encouraging job creation. These policies, designed to incentivize companies and workers, are expected to lead to a rise in employment demand…
In today’s digital age, online payments have become a common part of daily life in India. More and more people are ditching cash and opting for UPI (Unified Payments Interface) payments for convenience. Whether it’s small vendors or rickshaw drivers, UPI has become the go-to option for most. However, one auto driver in Bengaluru has taken online payments to the next level, and his unique method has not only gone viral on social media but also caught the attention of Railway Minister Ashwini Vaishnav. A Unique UPI Payment Trick That Went Viral Recently, a post about an auto driver in…
In a significant step towards ensuring a stable supply of critical minerals, India has officially joined the Minerals Security Finance Network (MSFN). This US-led initiative was launched to strengthen global cooperation in the supply chain of essential minerals like cobalt, lithium, and rare earth elements, which are crucial for sectors such as electric vehicles (EVs) and high-tech manufacturing. India’s move into this global network comes at a time when reducing reliance on China for these valuable resources has become more critical than ever. Strengthening the Critical Mineral Supply Chain The Minerals Security Finance Network (MSFN) was unveiled by the United…
Alkem Laboratories, one of India’s top pharmaceutical companies, is currently at the center of attention as its promoters are reportedly reducing their stake. This move comes at a crucial time as Alkem is bidding to acquire a controlling interest in JB Chemicals, a company partly owned by private equity firm KKR. The question on everyone’s mind: Is there a connection between the sale of the promoters’ stake and the potential acquisition of JB Chemicals? Stake Sale to Bring in Private Equity Investor Reports suggest that Alkem Labs’ promoters, who currently hold a 56.38% stake in the company, are preparing to…
After expanding across various sectors, Gautam Adani, Chairman of Adani Group, is turning his focus towards aviation and defense. In a recent meeting with Eric Martel, CEO of Canadian aerospace giant Bombardier, discussions were held about a potential collaboration to bolster India’s aviation capabilities. Adani himself shared updates on this on his social media platform X (formerly Twitter). Strategic Focus on Aircraft Maintenance and Defense Services The conversation between Adani and Martel revolved around creating opportunities in aircraft Maintenance, Repair, and Overhaul (MRO) services and defense manufacturing. India has been striving to reduce its dependency on foreign MRO services, and…
Luxury hotel chain Leela is set to make headlines with a significant move in the stock market. The company is preparing to launch an IPO worth Rs 5,000 crore, with the draft already submitted to the Securities and Exchange Board of India (SEBI). But that’s not the only major development. Leela is also diversifying into wildlife and spiritual tourism, tapping into growing demand in these niche travel sectors. Furthermore, it plans to step into the serviced apartment business, reflecting its ambition to expand into new hospitality segments. Details of the IPO and Expansion Plans Leela Hotels, backed by Canadian investment…