In India, a recent report addressing the growing concern over electricity consumption has brought some relief. Notably, the electricity consumption in the country recorded a significant downturn in August, dropping by 4.7% year-on-year to 144.21 billion units. This decrease can largely be attributed to unusually heavy rainfall across various regions, leading to a reduced reliance ...
GST Collection Update: A Positive Surge The latest data on Goods and Services Tax (GST) collections brings good news for the government and the economy as a whole. A notable increase of 10% has been observed, reflecting healthy economic activity. In August, the total GST collection reached an impressive ₹1.74 lakh crore. This marks a ...
Despite the lack of any reduction in interest rates for nearly a year and a half, and with home loan rates remaining high, the real estate sector in the country is witnessing an unprecedented boom. New housing projects are often oversubscribed even before they are launched. A prime example of this trend is highlighted by ...
India’s trade relations span across the globe, and in recent years, the United States has been particularly beneficial for India. For several years, engaging in trade with the US has proven to be advantageous for India, with the country enjoying its best trade surplus with these nations. According to a recent report from the Global ...
Introduction Founded nearly 98 years ago, Bajaj Group’s subsidiary, Bajaj Housing Finance, is set to launch its Initial Public Offering (IPO) on September 9. The company is planning a massive IPO valued at ₹6,560 crores. According to the company’s Red Herring Prospectus (RHP), the IPO will close on September 11. Institutional investors will have the ...
In August, the enthusiasm of foreign investors in the Indian stock market was not as prevalent as it had been in the previous months. Foreign portfolio investors (FPIs) adopted a cautious approach, investing only ₹7,320 crore in the domestic stock market during this month. The high valuation of shares and the recent increase in interest ...
Last week, the stock market witnessed remarkable performance among the top 10 companies, with telecom giant Bharti Airtel leading the way. The company’s shares surged significantly, allowing it to cross a milestone market capitalization of ₹9 lakh crore for the first time ever. Meanwhile, Tata Consultancy Services (TCS) and Reliance Industries, led by Mukesh Ambani, ...
Significant Week Ahead for Investors: IPOs and Company Listings Next week marks a crucial period for investors, with the first trading week of September promising exciting opportunities. Although only two IPOs are scheduled to hit the market, a whopping 11 companies are set to debut on the stock exchange. This influx of listings is expected ...
September has begun, and this month brings several significant changes that will impact people’s finances. Some of these changes have already taken effect from September 1st. Ranging from free Aadhaar updates to updates on credit cards, special fixed deposits, and RuPay cards, these changes are essential for all citizens. Additionally, the price of gas cylinders ...
A significant update has emerged for the general public and airline companies on the first day of the month. Following two consecutive months of rising jet fuel prices, a decline has been observed in September, which increases the likelihood of a reduction in airfares. The increase in jet fuel prices leads to heightened costs for ...