IREDA IPO Robust Demand Surges as Issue Witnesses Fourfold Subscription on Day 2 In a testament to investor confidence, the Initial Public Offering (IPO) of the Indian Renewable Energy Development Agency (IREDA) has garnered significant attention, recording a remarkable fourfold subscription on the second day of the offering. This article explores the factors contributing to…
Ugro Capital’s Shares Surge 3% Following Company’s Clarification on RBI Circular Addressing Credit Risk In a notable market development, Ugro Capital has witnessed a 3% surge in its shares, propelled by the company’s recent clarification on the Reserve Bank of India’s (RBI) circular related to credit risk. This article delves into the details of Ugro…
Gold’s Forward March A Symphony Fueled by a Weakening US Dollar In a rhythmic dance of economic forces, gold has taken center stage, advancing against the backdrop of a weaker US dollar. This captivating movement in the precious metal market beckons an exploration into the dynamics that have orchestrated gold’s march and the implications it…
Rupee Shows Marginal Gains, Trades at 83.31 Against the Dollar Currency Market Insights In the latest developments in the currency market, the Indian rupee has exhibited a marginal uptick, trading at 83.31 against the US dollar. This subtle movement carries significance in the broader economic context, warranting a closer examination of the factors influencing the…
SBI Economic Outlook Report Projecting Resilient Growth – Q2 FY24 GDP Forecast at 7.0%, Emphasizing Robust Agricultural Performance The State Bank of India (SBI) has released its highly anticipated Economic Outlook Report for the second quarter of the fiscal year 2023-24, offering a comprehensive analysis of the nation’s economic landscape. The report paints an optimistic…
According to Sources Enforcement Directorate Unearths Rs 9,000 Crore FEMA Violation by Edtech Giant Byju’s, In a significant development, the Enforcement Directorate (ED) has reportedly uncovered Foreign Exchange Management Act (FEMA) violations amounting to Rs 9,000 crore by the embattled edtech giant Byju’s, as per informed sources. Allegations and Investigation FEMA Violations: The Enforcement Directorate’s…
