Shares of several domestic metal companies surged by up to 5 on February 13 following remarks by Steel Minister HD Kumaraswamy regarding the potential implementation of safeguard duties on low-cost steel imports, particularly from China. India ma
Amish Shah, Head of India Research at Bank of America Securities, maintains a cautious stance on the market, forecasting that the Nifty will yield only single-digit returns in 2025—comparable to fixed-income investments. He remains particularly ske
Tejas Cargo India Limited is launching its Initial Public Offering (IPO), presenting a book-built issue aggregating to ₹105.84 crore consisting entirely of a fresh issue of 63.00 lakh shares. Tejas Cargo IPO opens for subscription on Febru
On Wednesday, capital markets regulator SEBI released a consultation paper proposing amendments that would allow investment advisers (IAs) and research analysts (RAs) to charge advance fees for up to one year. Currently, investment advisers can co
Royalarc Electrodes Limited is launching its Initial Public Offering (IPO), presenting a book-built issue aggregating to ₹36.00 crore. The IPO combines a fresh issue of 18.00 lakh shares (₹21.60 crore) and an offer for sale of 12.00 lakh shares (
The much-anticipated Income Tax Bill 2025 is set to be introduced in the Lok Sabha on February 13, 2025. The bill, spanning 622 pages with 536 sections and 23 chapters, aims to replace the outdated Income Tax Act, 1961, which has seen numerous amendm
ITC Ltd, a diversified conglomerate, is reportedly in early discussions with Norway’s Orkla ASA to acquire its Indian subsidiaries—MTR Foods Pvt Ltd and Eastern Condiments Pvt Ltd—for approximately $1.4 billion, according to Mint. This potentia
On February 13, the Indian rupee opened 8 paise higher against the US dollar as the dollar index weakened. The domestic currency began trading at 86.8013 and later moved to 86.8350 against the dollar. In the previous session, it had settled at 86.
Tata Steel is preparing to re-enter the corporate bond market after nearly a year, according to two sources familiar with the development. "The company is currently engaging with merchant bankers and investors, exploring various maturities, and wi
Helios Mutual Fund is launching the Helios Mid Cap Fund - Direct (G), an open-ended equity scheme focused on mid-cap stocks for long-term capital appreciation. The New Fund Offer (NFO) opens on February 20, 2025, and closes on March 6, 2025. Managed
Solarium Green Energy Limited, a comprehensive solar solutions provider operating since 2015, made a positive debut in the public markets on Wednesday, February 13, 2025. The company, which specializes in end-to-end solar project services from design
Gold prices in India surged on February 13, tracking global trends and rising domestic demand. On the Multi Commodity Exchange (MCX), gold futures for April contracts opened at ₹85,700 per 10 grams, gaining further to ₹85,850 within the first 10
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