With the introduction of the IBC, all existing insolvency laws have been consolidated into one robust, sophisticated and modern framework. Corporate debtors in distress are encouraged to resolve their financial difficulties and, failing that, to liquidate in a time-bound manner. Insolvency and Bankruptcy Code aims to provide an efficient legal framework to provide quick solutions to …
The all-crucial Reserve Bank of India’s monetary policy committee (MPC) announced on Friday kept interest rates unchanged for the seventh consecutive time, maintaining an accommodative position. The RBI has projected retail inflation for FY22 at 5.7 per cent from its earlier forecast of 5.1 per cent. The central bank has maintained the repo rate at …
Glenmark Life Sciences, a wing of Glenmark Pharmaceuticals Ltd, has made its public market debut at a premium of just 4%. It is over the issue price of Rs. 720 per share. This result seems tepid on the background of the IPO frenzy, where issues are attracting a premium price tag. This stock opened at …
The Prime Minister, on August 2, launched the e-RUPI, which is a digital instrument for payment purposes. The objective of this instrument, according to the prime minister’s speech is to make payments seamless and easy; the e-RUPI is aimed at making welfare services-associated payments easier. So, how does the e-RUPI work? The e-RUPI is a …
Rolex Rings made a stock market debut on 9 August 2021 at a sharp premium of 39% over its issue price of Rs. 900. To elaborate, the company’s shares opened at the National Stock Exchange at Rs. 1250 and at the Bombay Stock Exchange at Rs. 1249. Regardless, the debut did not impress investors and …
An Overview Through the NSE’s GIFT City branch in the International Financial Services Centre (IFSC) in Gujarat, Indian investors will soon be able to purchase and sell shares of US-listed companies. On Monday, NSE IFSC announced that it has set up infrastructure allowing Indian investors to buy US stocks, and that broker registration is in …
We see new data breaches coming up in the media reports quite often. Looking at new breaches, these reports, and hacks it is clear that your sensitive financial and personal information isn’t safe, especially when it comes to credit cards. The volume of online transactions is very high since the ‘Digital India’ revolution, therefore so …
The opening bell of 4 August 2021 can be marked as a notable one as 4 companies from different industries made their Dalal Street Debut. This list included Exxaro Tiles, Windlas Biotech, Devyani International Ltd, and Krsnaa Diagnostics. The response for these IPOs has been overwhelming on the first day, as allotted shares have been …
Glenmark Life Science, a high-value active pharmaceutical ingredients (API) manufacturer, opened its IPO offer on July 27, 2021. On the first day of the subscription period, which will continue till July 29, 2021, the offer received a 2.78x subscription. Investors in the retail quota subscribed 5.16 times the quota available to them. Non-institutional investors too …
Last week, the stock exchanges saw some serious dips in the market valuations of 6 of its top 10 companies. Out of them, HDFC Bank stood out with the highest slag of Rs. 43,578.18 crores to stand at Rs. 797422.67 crores on Friday. Other companies like Hindustan Unilever Ltd., Reliance Industries Ltd., Kotak Mahindra Bank, …
