Business

Deepak Kumar Blog November 22, 2024

Sensex zooms 2000 pts; Nifty atop 23,900; What’s driving the markets today?

The Indian stock market witnessed a remarkable rally today, with the Sensex soaring over 2,000 points and the Nifty scaling an all-time high of 23,900. This surge marks one of the most significant single-day gains in recent months, signaling robust investor confidence. Several factors have contributed to this bullish sentiment,

Deepak Kumar Blog November 20, 2024

Samsung Brings One UI 6 to Earlier Galaxy Watch Devices

Samsung continues to solidify its position as a leader in the wearable technology market with the release of its latest software update, One UI 6, to earlier Galaxy Watch models. This update brings a suite of enhancements, ensuring that even older devices stay relevant and offer a modern, refined user

Deepak Kumar Business November 20, 2024

Zee Entertainment shares surge over 6% as MD Punit Goenka resigns

On November 19, 2024, shares of Zee Entertainment Enterprises Ltd. (ZEEL) surged by more than 6% after the announcement of a major leadership change within the company. Punit Goenka, the Managing Director (MD) and CEO of the media conglomerate, resigned from his position, marking a significant shift in the company’s

Deepak Kumar Business November 20, 2024

Crude oil prices steady after Ukraine hits Russia with U.S.-made, longer-range missiles

In a development that has captured global attention, crude oil prices have shown relative stability following the news of Ukraine using U.S.-made longer-range missiles to strike Russian targets. The strikes, which are part of Ukraine’s ongoing efforts to push back against Russian military aggression, have raised concerns about further escalation

Deepak Kumar 60% November 20, 2024

Adani Group nears deal to buy 60% stake in PSP Projects: Exclusive

In a significant move that could reshape the landscape of India’s construction and infrastructure sector, the Adani Group is reportedly close to acquiring a 60% stake in PSP Projects, a prominent player in the civil engineering and construction industry. This potential acquisition comes at a time when the Adani Group

Deepak Kumar 2x minimum application size November 19, 2024

Sebi’s SME IPO paper proposes 2x minimum application size, OFS limit of 20%, more allottees

The Securities and Exchange Board of India (SEBI) has proposed significant changes to the regulations surrounding Initial Public Offerings (IPOs) for Small and Medium Enterprises (SMEs), which could have far-reaching implications for the way these businesses raise capital in the public markets. These changes focus on increasing the minimum application

Deepak Kumar 33% November 19, 2024

Business news November 19 highlights: NTPC Green IPO subscribed 33% on Day 1 of offer

The Indian stock market has been abuzz with the news of the NTPC Green Energy Limited Initial Public Offering (IPO), which opened for subscription on November 17, 2024. The IPO, which is a subsidiary of the state-owned energy giant NTPC Limited, aims to raise capital for the expansion of its

Deepak Kumar 5 Factor November 19, 2024

Global cues for markets at this hour – Here are top 5 factors to watch

As the global financial markets are increasingly interconnected, they are influenced by a myriad of factors that can impact investor sentiment, economic forecasts, and overall market direction. Ahead of each trading session, it is crucial for market participants—whether institutional investors, individual traders, or analysts—to stay abreast of the global cues

Deepak Kumar Business November 16, 2024

Swiggy CEO reveals he came up with idea of company for a college project, then

In the fast-paced and competitive world of Indian startups, it is rare for a company to grow as rapidly and achieve such prominence as Swiggy, the food delivery giant that has revolutionized the way millions of people across India access their meals. The company, which was founded in 2014 by

Deepak Kumar Business November 16, 2024

Jio again presses for parity in satcom spectrum pricing

Reliance Jio, India’s largest telecom operator, has once again raised concerns over the disparity in spectrum pricing between the telecommunications and satellite communication (satcom) sectors, calling for a level playing field. The issue of spectrum pricing for satcom has been a contentious topic for several years, with Jio and other