Solid Earnings Surge: In the third quarter of the fiscal year 2024, Union Bank of India witnessed a remarkable 60.00% surge in its net profit compared to the same period last year. The net interest income of the bank also experienced substantial 6.26% YoY growth during Q3 FY24. Reinforcing its Financial Foundation: Building a Strong…
When it comes to investing, many retail investors seek options that are not only safe but also offer reasonable returns. One such investment avenue that often piques the interest of investors is Treasury bills (T-bills). But can retail investors buy Treasury bills? Let’s delve into this question to understand the opportunities and considerations involved. What…
Major Investment Boost for SJVN Ltd In a significant development, SJVN Limited witnessed a substantial increase in its shareholding as Foreign Institutional Investors (FIIs) bought 2,68,31,848 shares, reflecting their growing confidence in the company’s potential. This move comes as SJVN Limited, a government-owned enterprise, announces the formation of a new joint venture company in collaboration…
JioBlackRock Mutual Fund has submitted draft documents to SEBI for the launch of its first two debt-oriented offerings: the JioBlackRock Liquid Fund and the JioBlackRock Money Market Fund. This move follows SEBI’s recent approval of the fund house’s operations, the unveiling of its leadership team, and the launch of its official website. JioBlackRock Liquid Fund…
The International Gemmological Institute (IGI) India, supported by Blackstone, has taken a significant step towards its Initial Public Offering (IPO) by filing draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 4,000 crore. This IPO consists of a combination of fresh equity issuance and an offer-for-sale by the promoter. IPO…
Shares of state-run oil producers ONGC and Oil India nosedived on Monday, April 7, as global crude prices slumped to their lowest levels in four years. The sell-off was driven by Saudi Arabia’s aggressive pricing tactics and escalating trade tensions sparked by Donald Trump’s tariff actions. Brent crude dropped nearly 4% to $63.21 per barrel—its…
The key points from the 2024 FEF Semi-Annual Letter to Shareholders are: Sources: 2024 FEF Semi Annual Letter to Shareholders
The report’s core message is that there is not one single AI bubble, but several overlapping “bubbles” in valuations, investment, and technology, each with different risk profiles. Public mega-cap tech looks expensive but is still broadly anchored in earnings and cash flow, while the most extreme valuations and risk-taking sit in loss-making private AI model…
Twelve out of thirteen major sectoral indices fell around noon on May 28, as volatility spiked ahead of the election results. The broader market also faced significant pressure, with the BSE Midcap and BSE Smallcap indices declining over 1 percent each. Market Overview The Sensex and Nifty both declined by 0.2 percent, hitting their day’s…
Groww, the prominent investment platform, has experienced significant growth, outpacing its competitors in market share expansion and investor acquisition. According to recent data from the National Stock Exchange (NSE), Groww’s active investor base surged to 9.5 million in March 2024, marking a remarkable 77.5 percent increase compared to the previous year. This surge propelled Groww’s…
