Why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are typically group plans. These … Read more
Western Carriers, on Thursday, announced that the firm has raised ₹148 crore from anchor investors a day before its initial public offering (IPO) opens for bidding. According to the exchange filing, the company has allocated 85,96,743 shares at the upper price band of ₹172 to 15 anchor investors. “Western Carriers (India) Limited has allocated 85,96,743 … Read more
“Which mutual fund should I invest in?” It must have been the 20th time my sister had called to ask me this. As usual, I tried explaining the basics but was quickly interrupted this time. “Don’t waste my time, just tell me where most people are investing.” This was understandable. She had recently received a … Read more
Stock benchmarks touched new records and mid-cap stocks joined the Street party on Thursday, signalling rising risk appetite among investors betting on interest rate cuts in the US and earnings momentum in India. The day witnessed a strong rally driven by a mix of factors: weekly derivatives expiry; a rate cut in China; optimism ahead … Read more
If you are using UPI Lite for small-value transactions, then there is good news for you. Starting October 31, you will be able to use auto top-up option for reloading the amount of your choice in your UPI Lite account. By issuing a circular dated August 27, the National Payments Corporation of India (NPCI) has … Read more
(Reuters) -AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on Wednesday, a move that would fortify its status as one of the biggest startups in the world. The maker of viral chatbot ChatGPT is discussing raising $6.5 billion from investors, the report said, citing people … Read more
Granules India shares plunged over 16 percent during intraday trading on Thursday, September 12, following the company’s announcement that the USFDA’s inspection of its Gagillapur FD facility, conducted from August 26 to September 6, 2024, concluded with six observations. In response, the company issued a statement to reassure concerned investors, emphasizing its commitment to resolving … Read more
Blue-chip stocks vs SME IPOs: Amid the growing excitement surrounding Small and Medium Enterprises (SME) Initial Public Offerings (IPOs), investors are increasingly drawn to the high-growth potential these offerings present. SME IPOs have recently captured significant attention due to their substantial listing day gains. When evaluating investment options for long-term growth, choosing between blue-chip stocks … Read more
European Union regulators have launched an investigation into Google’s artificial intelligence (AI) model, Pathways Language Model 2 (PaLM2), to determine if it complies with the region’s stringent data privacy laws. The inquiry, initiated by Ireland’s Data Protection Commission (DPC), forms part of broader efforts by national regulators across the EU to assess how AI systems … Read more
The initial public offerings (IPO) of Excellent Wires and Packaging opened for subscription on September 11. The small and medium enterprise (SME) IPO was subscribed over 1.27 times on the first day of bidding. Established in March 2021, Excellent Wires and Packaging Limited produces a diverse range of wires and wire ropes under the “Excellent” … Read more