India seems to have moved from the Coldplay ticket row to the pre-IPO investment gamble—Swiggy’s shares are being sold and re-sold for higher prices in the grey market. Investors have spent the last three years twiddling their thumbs, waiting for the younger half of India’s food-delivery duopoly to finally go public. And with Zomato’s stock, … Read more
The upstart Texas Stock Exchange said it had hired executives from Charles Schwab Corp., Nasdaq Inc. and the New York Stock Exchange as it builds up a leadership team ahead of plans to begin operations next year. Cam Smith, a veteran of the US Securities and Exchange Commission who most recently worked for Inca Digital, … Read more
Are you dreaming of visiting your favourite country but finding yourself short on funds? Or perhaps you’re eyeing a luxury gift or need quick cash for miscellaneous expenses? A personal loan might be the solution you’re looking for! While personal loans are a popular choice for many, it’s crucial to understand whether this option is … Read more
In September, Indian markets enjoyed a series of record highs, but on the final trading day of the month, investors opted for profit booking, leading to a sharp correction. Both the Nifty 50 and the Sensex fell by over 1.4% today, marking their steepest intraday decline in two months. Despite this downturn, both indices ended … Read more
The date of acquisition for the property inherited by you from your father will be the date on which your father had purchased the property. The cost and date of acquisition for a capital asset acquired under a will or as a gift, will be the cost and the date for which, and on which, … Read more
Zomato share price declined over 2% on Monday, extending losses for the fifth straight session. Zomato shares fell as much as 2.19% to a low of ₹272.15 apiece on the BSE. In the past five sessions, Zomato shares have plunged more than 8%. Zomato shares hit a 52-week high of ₹298.20 apiece on September 24, … Read more
There is a view that in the growing pie of savings and investments, banks are losing out to mutual funds. That may be happening in the margins as India’s equity market has been on a bull run. But let us look at the big picture. While individuals are moving towards financialization of their savings and … Read more
Buy or sell stocks: India’s benchmark stock market indices, Sensex and Nifty 50, both closed lower after reaching new record highs in the early trading session on Friday. The domestic indices could not sustain the highs, as investors’ profit booking drove them to close lower. The day’s rally was fueled by metals and financial stocks, … Read more
7th Pay Commission: The central government employees eagerly await an announcement on the Dearness Allowance ( DA) hike. So, when is DA expected for government employees? According to various media reports, the central government is expected to announce in October. However, no official details regarding the DA hike have yet been released. Usually, this happens … Read more
Wall Street in the week ahead is expected to be guided by several economic data such as jobs report for September, S&P manufacturing and services PMIs. The employment numbers could impact investors’ views on the Federal Reserve’s next move at its monetary policy meeting on November 6-7. Market participants will also closely watch Fed Chairman … Read more