HDB Financial Services initial public offering opens on June 25 and will be the largest IPO so far this year. While only a portion of the proceeds will go to the company, the offering signals a broader structural shift within the HDFC group. Here are 10 key developments around the issue, based on company filings and brokerage research.
The Indian market snapped a 3-day losing streak to close in the green on Friday with gains of over 1%. The BSE Sensex rose more than 1000 points while the Nifty50 closed above 25100 levels.
SBI Mutual Fund's equity strategist Pradeep Kesavan adopts a balanced investment approach amid uncertain market conditions. He suggests a near-equal allocation to equity and fixed income, supplemented by gold for geopolitical hedging. While large caps are favored over small and mid-caps due to valuation concerns, BFSI and life insurance sectors appear promising.
An 83-year-old Mumbai man lost Rs 1.19 crore in an online stock scam after joining a fake WhatsApp group posing as ICICI advisors. Lured by false profit promises and fake documents, he transferred funds before realising the fraud. A cybercrime FIR has been filed; investigation is ongoing.
President Trump's decision to strike Iranian nuclear sites has exposed divisions within his "MAGA" base, with prominent supporters like Bannon, Greene, and Carlson initially voicing concerns about U.S. involvement in the Israel-Iran conflict. While some, such as Kirk, quickly shifted to support Trump's actions, others maintained their anti-interventionist stance, raising questions about the long-term impact on Trump's movement and priorities.
The Price-to-Free Cash Flow (P/FCF) ratio measures how much investors pay for each rupee of free cash flow, offering deeper insights into a companys valuation, efficiency, and sustainability.
Bitcoins growing role in Indias economic landscape is drawing attention as a hedge against inflation and a DeFi enabler. With rising adoption and regulatory interest, it may complement Indias strategic push toward becoming a developed economy by 2047.
After the recent US strikes on Iran, UN Secretary General Antonio Guterres issued an urgent appeal for calm. He cautioned against the potential for devastating fallout from continued aggression, firmly stating that military action is not the answer. Guterres reiterated the necessity of diplomatic engagement, calling on all nations to respect international law.
