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Saturday, November 2, 2024
TopicShares

Topic: Shares

Software firm Freshworks shares jump 32% after $1 billion IPO

The firm, which was founded in India & moved to Silicon Valley, boosted revenue about 40% last year after pandemic forced businesses to go digital. Its sales continue to grow in 2021.

Load up on foreign stocks, top banker tells wealthy Indians

Kotak Investment Advisors CEO Srikanth Subramanian says softening of rules will see higher returns from some overseas markets than what investors can get from Indian equities.

Coming up — a ‘bad bank’ that will manage India’s record levels of soured debt

Shares of Indian lenders surged with the main banking barometer climbing as much as 6.5% after the Budget announcement of the stressed asset management company.

Why Ramdev’s Ruchi Soya shares jumped to Rs 1,535 from Rs 17 in 5 months & are now tanking

Since 29 June, stock has consistently fallen by 5% for 6 consecutive days, triggering lower circuit — levels where trading activity in a stock are suspended following a sharp fall in share prices.

India joins China and Australia to loosen rules for raising capital

Kotak Mahindra Bank Ltd. announced a plan to issue 65 million shares to strengthen its capital buffers as Indian banks brace for a surge in defaults.

India considering rollback of surcharge on foreigners to revive investor sentiment

Efforts to tax the super-rich have not been successful as Indian stocks saw $250 billion being erased since July, the month the Budget announcement was made.

Indian shares to witness worst month since October after foreigners pull out $2 billion

The benchmark S&P BSE Sensex fell 0.2% to 37,815.94 as of 9:56 a.m. in Mumbai. This comes amid foreign outflow after Modi govt's spending plan was revealed in the Budget. 

Modi govt’s tax on stock buybacks puts brakes on a great year of share repurchases

The proposed tax may affect share purchases worth Rs 10,000 crore that are in progress.

Govt panel to sell off Rs 3,000 crore properties of those who migrated to Pakistan, China

The move to set up a panel comes nearly two years after Parliament amended the Enemy Property Act.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.