Month: September 2024

Glottis Ltd files DRHP with SEBI to raise ₹200 crore via fresh issue; Check IPO details

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Glottis Ltd files DRHP with SEBI to raise ₹200 crore via fresh issue; Check IPO details

Glottis Ltd on Wednesday, September 25, filed preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds through an upcoming initial public offering (IPO). Glottis Ltd delivers end-to-end logistics solutions with multimodal capabilities across verticals to optimize the movement of goods across geographies.  The Chennai-based company … Read more

What is the best approach to managing home purchase without straining finances?

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What is the best approach to managing home purchase without straining finances?

I’m in my early 30s, married with a young child, and working in an IT company for 10 years. I’ve saved in mutual funds, fixed deposits, PPF, and stocks. We currently live in a rented apartment, but I’ve found a property that fits our budget. The house costs ₹85 lakhs, requiring a ₹25 lakh down … Read more

Nifty 50 unbeatable since outsized US Fed rate cut: What should be your trading strategy amid high valuations?

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Nifty 50 unbeatable since outsized US Fed rate cut: What should be your trading strategy amid high valuations?

The Indian stock market has picked up an invincible rally since the US Federal Reserve delivered its supersized interest rate cut by 50 basis points (bps) last week. The Nifty 50 has hit new highs in every session since the rate cut boosted investors’ global risk appetite, while the Sensex topped the historic 85,000 mark. … Read more

Beware, a financial plan that neglects insurance can leave you high and dry

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Beware, a financial plan that neglects insurance can leave you high and dry

Insurance acts like a safety net, helping protect you and your family from unexpected situations that can cause financial stress. Whether it’s a car accident, a health emergency, damage to your home, or losing a primary earner, having the right insurance can ease your financial burden, allowing you to focus on getting back on your … Read more

Markets near record high! Experts suggest key sectors to watch in this bullish market: Prefer IT and banks

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Markets near record high! Experts suggest key sectors to watch in this bullish market: Prefer IT and banks

Benchmark indices Sensex and Nifty hit new highs in the previous session on September 24. However, as of September 25, trading remains subdued, with muted movement across the markets. On September 24, Benchmark Sensex reached a record high of 85,163.23, crossing the 85,000 mark for the first time, while Nifty set a new high of … Read more

Credit Cards: Can banks levy GST on interest component of personal loan EMIs?

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Credit Cards: Can banks levy GST on interest component of personal loan EMIs?

If you want to raise an instant loan to meet immediate financial need which could range from a medical emergency to paying for a vacation, make sure that you get the best deal possible. One of the key factors to consider is that the interest on personal loan does not carry any GST on it. When a … Read more

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy

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Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy

Breakout stocks to buy or sell: Indian stock market benchmarks- the Sensex and the Nifty 50- closed flat in the previous session on Tuesday on profit booking in select heavyweights. The Sensex and the Nifty 50 scaled their fresh peaks of 85,163.23 and 26,011.55 during the session. Eventually, the Sensex ended at 84,914.04, down 15 … Read more

Can I include future inheritance in my Will?

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Can I include future inheritance in my Will?

I’m in my 50s and looking to draft my Will. I expect to inherit some assets from my parents, which may include their flat and financial holdings, after their passing. Can I include these future assets in my Will now, or will I need to make a new Will after I inherit them? —Name withheld … Read more

Oil prices rise 2% to hit 3-week high on China stimulus, supply worries by MidEast conflict; Brent reclaims $75

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Oil prices rise 2% to hit 3-week high on China stimulus, supply worries by MidEast conflict; Brent reclaims $75

International crude oil prices climbed two per cent to hit a three-week high on Tuesday, September 24, after the monetary stimulus from China, the world’s top importer, and concerns that conflict in the Middle East could hit regional supply. At the same time, another hurricane (after the recent storm Francine) threatened supply in the US, … Read more

Why you should approach the SME IPO market with extreme caution

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Why you should approach the SME IPO market with extreme caution

According to data from primedatabase, as many as 104 SMEs (small and medium enterprises) have used BSE and the National Stock Exchange’s (NSE) SME platform to raise ₹3,405 crore in FY25 so far. This figure already surpasses half of the total funds raised by SMEs in FY24. Most of these IPOs are heavily oversubscribed, driven … Read more