Subhashree Panda

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As Fed’s Powell suggests a rate drop, the Dow rises more than 400 points

 Following US Federal Reserve Chairman Jerome Powell’s announcement on Friday that the bank was prepared to lower interest rates as inflation was slowing, stock markets surged. After the speech, the broad-based S&P 500 climbed more than one percent, the Nasdaq gained 1.3 percent, and the Dow was up 476 points, or 1.17 percent. On Thursday,

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Prior To Inflation Tests, Asian Stocks Rise And Oil Prices Increase

Ahead of inflation statistics that investors believe will open the door for rate reduction in the US and Europe, Asian markets tentatively rose on Monday. Meanwhile, the dollar and bond yields were declining. After Hezbollah and Israel exchanged airstrikes and rocket salvos on Sunday, raising concerns about potential supply disruptions in the event that the

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Jio Financial Services Gets Approval To Increase Foreign Investment Limit To 49%

Owner of Jio, billionaire Mukesh Ambani The Department of Economic Affairs has granted approval to Financial Services to raise the maximum amount of foreign investment, including FPIs, to 49% of the fully diluted capital of paid-up equity shares. Exchange statistics indicated that of the approximately 53% of shares that are publicly traded, foreign investors presently

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Is The BSE And NSE Open Or Closed For The Janmashtami Stock Market Holiday On August 26, 2024?

On Monday, August 26, we shall commemorate Krishna Janmashtami. Hindus all throughout the world celebrate the significant Hindu event that commemorates the birth of the Hindu deity Krishna with great fervor and joy. The Reserve Bank of India (RBI) has declared some cities’ banks closed because of the event in its yearly list of bank

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After block trades transfer 1.4% of the stock, Nykaa shares rise by about 8%

 FSN E-Commerce Ventures (Nykaa) had a spike in intraday trading on August 23 of almost 9% to reach a 52-week high, following block deals that saw 4.09 crore shares, or 1.4% of the company’s ownership, exchange hands. Pre-IPO investor Harindarpal Singh Banga was most likely the seller.  According to media sources, Banga and his spouse

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Five years of prohibition on Anil Ambani and twenty-four others from the security market by SEBI 

Markets regulator Sebi has banned industrialist Anil Ambani from the securities market for five years after concluding that he engineered a fraudulent scheme to siphon off funds from Reliance Home Finance. Ambani had declared himself bankrupt before a UK court back in February 2020.  In addition, the regulator fined Ambani a whooping Rs. 25 crore

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Axis Securities has selected pharma stocks such as Lupin, KIMS, and Aurobindo Pharma

According to Axis Securities, the pharma sector recorded 11% YoY and 4% QoQ revenue growth in Q1FY25, led by the strength of the home market, the introduction of new products, cost optimization, and the expansion of US businesses. The top choices are Lupin, Aurobindo Pharma, and Krishna Institute of Medical Sciences. According to a recent

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Before shares are listed, what does GMP signal for the Interarch Building Products IPO? 

It is expected that the Interarch Building Products IPO share allotment will be finalized later today. Shares will be distributed to investors through a lottery, with the registrar overseeing the entire process. Investors learn on the allotment date how many shares they have been allocated in relation to the bids placed.  They can go to

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