Latest posts
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NSE IPO: India’s biggest exchange lists at ₹1,800 per share; gains 5% after flat debut
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Avantel shares rise 9% after Rs 177 crore satellite communication order from Zetwerk
Avantel shares jumped over 8% on Thursday after securing a Rs 177.35 crore purchase order from Zetwerk Manufacturing Businesses for satellite communication equipment. Scheduled for execution by March 2027, the domestic manufacturing contract boosts revenue visibility for the telecom and defence electronics manufacturer following robust Q1 FY27 results.
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Stocks to buy: UBS picks 4 NBFC shares with upside potential of up to 36%
UBS anticipates a robust cycle of unsecured credit growth in India, primarily fueled by personal loans. The brokerage emphasizes the strong asset quality in banks and non-banking financial companies (NBFCs), coupled with sufficient liquidity in the system. Investors might consider four recommended NBFC stocks, like Shriram Finance and Poonawalla Fincorp, as they promise substantial upside…
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IFCI, New India Assurance, other stocks drop up to 3% as NSE makes a muted market debut. What to expect?
On Thursday, shares of IFCI, New India Assurance Company, and General Insurance Corporation fell up to 3%. The National Stock Exchange listed with less than a 1% premium over the IPO price. NSE’s initial public offering aimed to raise Rs 22,562 crore entirely through an offer for sale. Analysts anticipated long-term potential for NSE despite…
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BSE shares fall 2% as NSE makes market debut. Here’s why Macquarie sees 22% upside
On Thursday, BSE shares fell by 1.5%, coinciding with NSE’s much-anticipated market debut after a lengthy IPO process. The initial response from analysts was varied; while Macquarie predicted a potential rise in BSE’s target price, both Nuvama and Jefferies warned of looming regulatory hurdles that might impact market engagement. Despite the recent downturn, BSE has…
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Bharat Dynamics shares rise 2% in a weak market after bagging Rs 811 crore order from Ministry of Defence
Bharat Dynamics shares gained 2% after the Defence Ministry awarded an Rs 810.79-crore contract for 160 SAT-SAAW weapons and associated equipment for the Indian Air Force, adding to the company’s order visibility amid rising defence spending.
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Did your agent mis-sell insurance? IRDAI proposes clawing back their commission under new reforms
IRDAI has proposed commission claw-back when an insurance policy is found to have been mis-sold. The proposal also seeks to link salespersons to policies they sell and make mis-selling records publicly available, giving consumers more information before buying insurance.
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PB Fintech loses Rs 22,700 cr from market value as stock crashes 26% after IRDAI’s reform plans. What Citi and Jefferies are warning
PB Fintech shares plunged 26%, wiping out nearly Rs 22,703 crore from its market capitalisation after IRDAI proposed changes to insurance commission structures. Jefferies flagged risks to distributor earnings, while Citi warned of a potential sharp compression in distribution economics across several high-margin insurance categories.
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Bank strike from Sept 28-30: Why are employees demanding 5-day work week and pension tweak?
Bank unions (UFBU) plan a 3-day strike (Sept 28-30) demanding a five-day banking week and pension reforms. Banks will stay open on Sept 27 (Sunday) to offset disruption. Strike coincides with half-yearly closing on Sept 30, a key date for provisioning and treasury operations.
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Sebi board meeting: PMS rules overhaul, FPI commodity trades among key decisions to watch out
Sebi’s upcoming board meeting aims to discuss significant changes to portfolio management services and settlement regulations. Proposed revisions could allow discretionary portfolio managers to make new types of investments, including overseas assets. The meeting is expected to review widening the accredited investor framework to increase market participation. Another key focus is enhancing foreign portfolio investor…