Bengaluru-based CreditAccess Grameen‘s redeemable Non-Convertible Debentures (NCD) tranche II will open for subscription on Thursday, August 24. The coupon rate is up to 9.70% p.a. with effective yield up to 10.13% p.a., the company said in its filing to the exchanges. The issue ends on September 6, 2023. The base size of the NCD issue … Read more
The Nifty 50’s dream to hit the 20000-mark milestone was shattered as bears took charge of its heartbeat – banks. The Nifty Bank clocked 3% gains in the July derivative series, but the selling in the recent sessions and the positioning in the derivatives segment indicates some pain in the near term. On Friday, Nifty … Read more
In a range-bound trading session, Nifty ended 24 points higher and formed a small-bodied bearish candle and an Inside Bar on the daily charts but closed with gains of around 25 points. The index faced resistance in zone 19430-19450, where the 20-hour moving average is placed. Now it has to hold above 19300 zones to … Read more
Integrated miner Hindustan Zinc‘s Board has approved an interim dividend of Rs 7 per equity share for the current financial year which will incur an expenditure of Rs 2957.72 crore for the Vedanta subsidiary, an exchange filing released on Saturday, July 8 said. Vedanta which owns 64.92% stake or over 274.31 crore shares in the … Read more
With the official clarification on the Indian government’s stance regarding cryptocurrencies and virtual digital assets (VDAs) in the 2022 Union Budget, it becomes crucial for individuals to comprehend the taxation rules associated with cryptocurrencies. As many of you prepare to file your Income Tax Return (ITR), understanding how cryptocurrencies are taxed in India is of … Read more
Father’s Day is a perfect moment to contemplate the important role fathers play in shaping their children’s lives. While we often think of paternal influence in terms of life lessons, emotional support, and guidance, one area that deserves special attention is financial education. In an increasingly complex world, it’s crucial for fathers to actively teach … Read more
While benchmark indices are taking baby steps towards lifetime highs, the broader market and even penny stocks remained on the fast lane on Dalal Street. A total of 636 penny stocks gave index-beating returns in the week gone by. The S&P BSE Sensex was down 0.4% week-on-week. As many as 60 penny stocks have given … Read more
The turnover in the derivatives of benchmark Sensex touched Rs 3.42 lakh crore on the weekly expiry on Friday. This is double the turnover registered last week. In the options segment, the turnover was Rs 3.41 lakh crore and in futures, it was Rs 211 crore. A total of 54.07 lakh contracts were traded on … Read more
After settling his case with SEBI, options trader PR Sundar has reacted saying that it was best to keep silence for some time. In a tweet posted today, Sundar said that “People who believe you, need no explanation. People who do not believe you, no amount of explanation will help. So keeping silence, at least … Read more
The collapse of 3 major banks in the US within a span of 2 months indicates that the crisis in the financial sector is deeper than one probably imagined. Valuation guru Aswath Damodaran believes there are more dominos waiting to fall in the US banking business, with banks that have grown the most in the … Read more