DEE Piping Systems IPO Price: ₹193 to ₹203 per shareIPO Date Range: 19 June 2024 - 21 June 2024 Business Overview Founded in 1988, DEE Development Engineers Limited specializes in process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other sectors. The company is globally recognized for its technical […]
Ixigo IPO Price: ₹88 to ₹93 per shareIPO Date Range: 10 June 2024 - 12 June 2024 Foundation & Business Essence Established in 2006, Le Travenues Technology Limited is a pioneering online travel agency (OTA). Operating under the brand name "ixigo," it empowers travellers to effortlessly reserve train, flight, and bus tickets, along with accommodations, […]
Date: 31 May 2024 Stock Market Highlights The stock market today saw significant market volatility as investors braced for the upcoming GDP data release later today, alongside anticipation surrounding the 'Exit Poll' for the Lok Sabha general election scheduled for June 1. Top Gainers of Nifty 50 Stock CMP (₹) Change Gain (%) 52 Weeks […]
Foreign direct equity investments in India hit a five-year low in the financial year ending March 31, 2024 (FY24), totalling $44.42 billion. This decline is attributed to external factors such as high interest rates in advanced economies and a limited absorptive capacity in various sectors in India. According to data released by the Department for […]
NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE), has unveiled the country's first thematic index dedicated to the electric vehicle (EV) sector – the Nifty EV & New Age Automotive index. This groundbreaking initiative aims to track the performance of companies that are integral to the EV ecosystem or involved in developing […]
The Reserve Bank of India (RBI) has imposed significant business restrictions on ECL Finance and Edelweiss Asset Reconstruction Company Limited (EARCL), both part of the Edelweiss Group, citing "material supervisory concerns." These concerns are primarily related to governance and compliance issues that the RBI uncovered during its recent supervisory assessments. The restrictions prohibit these entities […]
Kronox Lab Sciences IPO Price: ₹129 to ₹136IPO Date Range: 3 June 2024 - 5 June 2024 Foundation & Business Essence Incorporated in 2008, Kronox Lab Sciences Limited is a leading manufacturer of high-purity specialty fine chemicals serving diverse industries. Product Portfolio The company’s extensive product portfolio includes over 185 chemicals, such as phosphates, sulphates, […]
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a comprehensive master circular on health insurance, bringing significant changes aimed at empowering policyholders and enhancing service standards across the sector. Key Highlights of the Master Circular Objective of the Health Insurance Circular The master circular, dated May 29, consolidates and replaces 55 previous […]
The stock market's reaction to election results is well-documented, reflecting the broader economic and political shifts investors anticipate. With the 2024 Lok Sabha elections in India capturing global attention, understanding the interplay between political outcomes and market behaviour is crucial for investors, policymakers, and analysts alike. Historical Trends Historically, election periods are marked by heightened […]
Awfis Space Solutions IPO Price: ₹364 to ₹383IPO Date Range: 22 May, 2024 - 27 May, 2024 Foundation & Business Essence Incorporated in December 2014, Awfis Space Solutions Limited is a prominent workspace solution provider in India, catering to individuals, start-ups, SMEs, and large corporations. With a core focus on co-working, Awfis offers flexible workspaces, […]
