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Safe Enterprises Retail Fixtures debuted strongly on the NSE SME platform, listing at Rs 151, a 9.4% premium over its IPO price. The company, known for designing retail fixtures for major Indian brands, reported impressive financials with a revenue of Rs 139.73 crore and a profit of Rs 39.19 crore.
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News and Media
Life insurers in India are seeking regulatory approval from Irdai to invest in gold ETFs, driven by their impressive returns exceeding 30% in the last year. This move aims to diversify portfolios within ULIPs and hedge against market volatility, as traditional assets offer lower returns.
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News and Media
Indian equity markets soared to a nine-month peak, propelled by banking stocks and improved investor confidence due to easing geopolitical tensions in West Asia. The NSE Nifty closed at 25,549, while the BSE Sensex reached 83,755.87, marking significant gains. Experts advise investors to focus on reasonably valued large-cap stocks in sectors like banking and cement.
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The commitment to the RBI comes in the backdrop of the central bank's draft guidelines issued last October on 'Forms of Business and Prudential Regulation for Investments.' The guidelines say that core lending business should be undertaken by the bank while restricting lenders and their NBFC units from duplicating similar revenue streams.
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News and Media
PB Fintech's co-founders, Yashish Dahiya and Alok Bansal, sold a little over 1% stake in the company for 920 crore through open market transactions. Dahiya and Bansal offloaded 50.50 lakh shares, reducing their holdings. The shares were acquired by domestic mutual funds, insurance companies, and foreign investors, including Tata Mutual Fund and Goldman Sachs.
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News and Media
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