Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
JLL study reveals 30,501 out of 44,032 units fall in this ticket size.
The total market capitalisation of BSE-listed companies had gained Rs 26.79 lakh crore to Rs 1,21,54,525 crore during 2016-17 fiscal.
The Freedom 125 has sold 8,310 units in October to date. This is its highest since it was launched in July and may touch close to 9,000 by the end of the month.
S-Cross has seen a 22 per cent drop in dispatches in September.
The new Corolla Altis will come with a 1,798 cc engine.
The 25-year-old Delhi-based golfer led the field in the Rs 70-lakh Crompton Greaves Golf Open, the richest prize-money tournament in India.
Both returned identical scores of six-under-par 64 to grab the early advantage in the Rs 70 lakh Cromptom Greaves Open Golf championship.
The market capitalisation of the BSE-listed companies reached an all-time high of Rs 220.74 lakh crore on Thursday, helped by a bullish sentiment in the equity market. At the close of trade, their market capitalisation stood at Rs 2,20,74,421.11 crore. The 30-share BSE benchmark closed 97.70 points, or 0.19 per cent, higher at 51,115.22 on Thursday.
The notification issued by the law ministry on Monday night said the maximum expenditure a candidate can incur for campaigning in Lok Sabha polls is now Rs 77 lakh. It was so far Rs 70 lakh. For assemblies, it has been hiked from Rs 28 lakh to Rs 30.8 lakh.
The Indian team were rewarded with a bonus as the BCCI announced the launch of the 'Test Cricket Incentive Scheme'.
Moody's said the asset quality of the banks will remain under pressure.
Dimple Yadav, Samajwadi Party leader and its candidate in the Mainpuri Lok Sabha bypoll, has declared movable and immovable assets worth over Rs 14 crore.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
The plant will double the company's production capacity to 6 lakh cars per annum and strengthen its Indian operations as a global manufacturing hub for Hyundai's small cars. The second plant, which has been developed adjacent to the first plant, was inaugurated on Saturday by Tamil Nadu Chief Minister M Karunanidhi.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
Tata Motors has launched two models of its flagship car Indica, LGi (petrol) and DLG (diesel) taking its range to four variants of petrol and diesel each.
In dollar terms, its m-cap rose to $76 billion
Bajaj Finance was the top loser, tumbling 4.68 per cent, followed by Tech Mahindra, IndusInd Bank, ICICI Bank, SBI, Reliance Industries, Bharti Airtel and HCL Tech. NSE Nifty crashed 290.70 points or 2.43 per cent to 11,680.35.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. "Export policy of onions... is amended from free to prohibited till March 31, 2024," the Directorate General of Foreign Trade (DGFT) said in a notification. Local vendors in the national capital are selling onions at Rs 70-Rs 80 per kg.
'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.'
The Bharatiya Janata Party has claimed that the 'Rs 70 lakh crore' black money stashed in foreign banks is a bigger scandal than the 2G spectrum scam and asked the Centre to take steps to bring back the amount. "The money stashed in foreign banks and tax havens by India's dishonest people should be brought back to the country. This scandal is 200 times bigger than the 2G scam," said BJP vice-president Shanta Kumar.
Half of the people earning between Rs 30 lakh and Rs 70 lakh will lose their jobs in next 10 years.
'The top five IT giants are not hiring, but most of the freshers want to start their careers with the top five IT firms.' 'In today's scenario this is a challenge.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
The Rajya Sabha chairman asked him to authenticate his assertions and refused to accept newspaper clippings that the Congress leader showed to buttress his points.
The home minister said the northeast and the Left-wing extremism-affected areas in the country are tribal-dominated regions and security is a precursor to development there.
Total of Rs 40 lakh cash and over 53,000 litres of illicit liquor was seized
'Developers are into profit-making. And there's not too much money in the affordable segment.' 'So, they don't do affordable housing.'
The chances of former workers getting jobs depends on the model under which Ford would restart its Chennai plant operations -- under Ford India or as a joint venture or under any other model.
The toll waiver will be in force from midnight on Monday, he said.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market.
He said, the fresh budget of the new Congress government, which he will be presenting on July 7, is likely to be of the size Rs 3,35,000 crore.
The round involving Shubhankar Sharma, Gaganjeet Bhullar, Kapil Dev and Murali Karthik was termed 'Champions for a Cause - Charity Golf Match'.
The accused was unable to take back the piece of land back because of his 'inability to pay', it said.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
Investor wealth swelled by over Rs 1.27 lakh crore on Monday as the benchmark index, Sensex, boosted by strong corporate earnings and positive global cues, surged over 400 points to settle above the 15,000 mark.
