The five initial public offerings (IPOs) that closed on Monday attracted cumulative bids worth Rs 1.4 trillion against Rs 2,909 crore they were looking to raise. These offerings were subscribed between 11 and 195 times. Mamata Machinery, a limited manufacturer of machines used for making plastic bags, saw the highest oversubscription at 195x.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'
Quick commerce (qcom) industry is poised to lead gig workforce hiring in 2025, propelled by a surge in demand for faster deliveries, expansion by existing players, entry of new competitors, and evolving consumer preferences in the post-pandemic era, according to industry experts. The qcom industry currently employs nearly 260,000 people - around 200,000 delivery personnel and 60,000 dark store workers, according to TeamLease Staffing.
India Ratings on Thursday said that any broad-based or strong recovery in corporate capital expenditure was unlikely in the upcoming financial year 2026 (FY26) due to uncertainty of domestic and external demand. The uncertainty is adversely affecting the overall corporate sector capex. Interest rates on credit are not the primary deterrent to decisions about capital expenditure, said Soumyajit Niyogi, director, core analytical group, Ind-Ra, in a webinar on the credit market outlook.
Corporate India's struggle with subdued revenue and earnings growth persisted in the October-December quarter of 2024-25 (Q3FY25). The combined net sales (gross interest earnings for lenders) of listed companies grew in single digits for the seventh consecutive quarter, while their combined net profit rose by a single digit for the third straight quarter.
Firhad Hakim, a senior minister in West Bengal's ruling Trinamool Congress (TMC), has defended his remarks on the Muslim population in the state and India, saying he is a diehard secular and patriotic Indian. Hakim's comments, made at a minority students' event, have sparked controversy with the BJP, Congress, and Hindu monks accusing him of promoting communalism and advocating for a Muslim majority. Hakim, however, clarified that his remarks were taken out of context and that he was merely advocating for the empowerment of the Muslim community. He also highlighted the need for greater representation of Muslims in the judiciary.
'We may see this momentum going into 2025 and may keep up with the demand, given the strong pipeline.'
The liquidity deficit in the banking system crossed Rs 2 trillion again on Monday, despite the second instalment of cash reserve ratio (CRR) reduction coming into effect from December 28.
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
Corporate earnings from blue-chips like HDFC Bank, ICICI Bank, Donald Trump's swearing-in as the US President, and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said. Trump will be sworn in as the US president for a second term on Monday. This week, several key Nifty-50 companies, including BPCL, HDFC Bank, Hindustan Unilever, Dr Reddy's, UltraTech Cement, JSW Steel and ICICI Bank are scheduled to announce their financial results.
The duo progressed following their fine showing in India's victory over Pakistan in the women's T20 World Cup opener.
Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries also helped in market recovery.
Chattopadhyay was seen being taken out of his residence at Subhasgram in South 24 Parganas district around 2 pm by ED officials, who previously conducted search operations at the premises for over seven hours.
Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research. This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
The new business premium (NBP) of life insurance companies dropped 21.7 per cent year-on-year (Y-o-Y) to Rs 30,218.71 crore in December 2024 on the back of a steep fall in business. According to data published by the Life Insurance Council, LIC's premium dropped 41.15 per cent Y-o-Y to Rs 13,523.87 crore while private insurers reported 7 per cent growth in NBP to Rs 16,694.85 crore as the industry absorbs the impact of the revised surrender value norms.
The central probe agency had also placed the findings before a special court in Kolkata during a hearing earlier in the week, he said.
Shafali Verma managed just 108 runs in six matches this year with 33 being the highest.
The accused in the R G Kar Medical College and Hospital rape-murder case, Sanjay Roy, was brought to the Sealdah court on Monday. Kolkata Police, fearing he would make further controversial statements, kept blowing the horn of the vehicle carrying him, preventing journalists from hearing his voice. This comes after Roy made remarks against the former Kolkata police commissioner and claimed innocence during his previous court appearance. The trial, which is being heard in-camera on a day-to-day basis, continues with the testimony of three witnesses on Monday. The CBI is investigating the case following an order from the Calcutta High Court. The body of the on-duty doctor was discovered in the seminar room on August 9, sparking nationwide outrage and protests. Former principal Sandip Ghosh and former officer in-charge Abhijit Mondal, accused of tampering with evidence, had their judicial remand extended till December 2.
'At a time when the 'my country, right or wrong' attitude is sweeping over the majority, the Pyaasa song Jinhe Naaz Hai Hind Par Woh Kahan Hain brings a much-needed sense of reality. It questions: How can one feel any sense of pride when women are treated like this? Utkarsh Mishra salutes Guru Dutt's classic that turns 68 this month.
Captain Harmanpreet Kaur and pacer Renuka Singh Thakur have been rested for India women's three-match home ODI series against Ireland.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
Opposition parties in India have demanded the resignation of Railway Minister Ashwini Vaishnaw after a stampede at New Delhi railway station killed 18 people. They blamed the government for "gross mismanagement" and accused them of "covering up" the death toll. The stampede occurred on Saturday night as passengers rushed to board trains for the Maha Kumbh festival in Prayagraj. The Congress, the Left, Trinamool Congress, and the Rashtriya Janata Dal have all criticized the government's handling of the situation, while BJP leaders have defended the government. The incident has highlighted the failure of the Railways and the government to make adequate arrangements for the large number of devotees travelling to Prayagraj.
Value mutual funds have witnessed robust investor interest, garnering Rs 22,757 crore in inflows in 2024, nearly double the amount seen in 2023, fueled by impressive returns generated by the segment. This surge reflects a shift in investor focus towards fundamentally strong yet undervalued stocks.
'... and wants to become a man, things change.' 'The child no longer wants to listen to anyone, and the father doesn't stay silent.'
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has entered into a partnership with the Startup Policy Forum (SPF), a premier industry organisation representing India's leading new-age companies.
The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF managing director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of reporters on Friday, she said global growth is expected to be steady in 2025, but with regional divergence.
From the 30-share blue-chip pack, Adani Ports jumped over 5 per cent. NTPC, Tata Steel, Bajaj Finserv, Zomato, Bajaj Finance, Tata Motors, State Bank of India, IndusInd Bank and Maruti were among the other big gainers. From the 30-share pack, Hindustan Unilever, Titan, Tata Consultancy Services, Infosys and UltraTech Cement were the other laggards.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
DIIs owned equities worth Rs 73.5 trillion, just 1.9 per cent less than FPIs. This marks a significant change from a decade ago.
The weaker rupee will push the country's import bill due to higher payments for crude oil, coal, vegetable oil, gold, diamonds, electronics, machinery, plastics, and chemicals, economic think tank GTRI said on Friday. Citing an example, it said the depreciating domestic currency will increase India's gold import bill, especially as global gold prices have jumped 31.25 per cent, rising from $65,877 per kg in January 2024 to $86,464 per kg in January 2025.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Stock market participants would track global trends and foreign investors' trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas.
Families of two West Bengal women killed in a stampede at the Maha Kumbh Mela have alleged that they were handed over the bodies without death certificates. They received only a piece of paper mentioning that the body was given to them. The victims, Basanti Poddar and Urmila Bhuniya, were killed in the pre-dawn stampede on January 29. A senior West Bengal minister alleged that "total mismanagement" prevailed in the Maha Kumbh Mela.
Budget 2025 lays down a transformational roadmap for India's digital and economic future, focusing on AI-driven enterprise modernisation, workforce skilling, and sustainable innovation. With bold investments in AI, digital infrastructure, and ease of doing business, the government has set the stage for businesses to scale, innovate and compete on a global level.
Central Bureau of Investigation officers turned up at the home of former RG Kar Medical College principal Sandip Ghosh in Kolkata on Sunday.
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds.
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