Stainless steel products maker Sai Swami Metals & Alloys Ltd will hit the capital market on April 30 to raise around Rs 15 crore from public investors. The initial public offering of the company will open for subscription on the SME platform of BSE on Tuesday and will close on May 3, the company said … Read more
For years, laundry detergents have focused their cleaning power on stain removal and getting whites white but now a new invisible enemy has emerged in the shape of the musty smell that clings to your gym gear. The shift to remote working has fuelled the popularity of “athleisure” clothing such as T-shirts, joggers and leggings … Read more
Spot gold closed with a gain of 0.27% at $2338 Friday. However, the metal posted its first weekly decline in six on inflation concerns as the US inflation data remained elevated. The metal fell 2.20% on the weekly closing basis. The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up … Read more
The letter, dated 18 January 2024, came from a company called Advantis. “Dear Mr Simon Hattenstone,” it said, “Contact us about your unpaid HM Revenue and Customs balance of £1,778.31.” It wasn’t directly threatening – it offered to help me find a way of paying off my debt. But the tone felt quietly menacing, with … Read more
Investing in the stock market can often feel like riding a wave of optimism, especially when prices keep soaring to new highs. Investors usually assume that this upward momentum will last indefinitely, much like stretching a rubber band to its limits. However, the rubber band follows a straightforward rule – the more it’s stretched, the … Read more
In the week gone by, 46 stocks in the BSE 500 index delivered double digit returns while 83 ended on the losing side. The 500-stock index which gained 2.1% on the week-on-week basis saw smallcap Aegis Logistics holding the top spot with nearly 30% returns. It was followed by multibaggers MOIL, Cochin Shipyard and Sterling … Read more
A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors’ focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out. 1/ WILL THEY, WON’T THEY? Hints of whether the Fed still expects interest rate … Read more
Australians are paying more than ever at the fuel bowser as a weak Australian dollar collides with rising crude prices, new data shows. The average price of 91 octane unleaded has soared to 217.92 cents per litre in Melbourne, Sydney, Brisbane, Adelaide and Perth, according to Compare the Market data, breaking the $2.17 record set … Read more
Mumbai: Analysts at most top brokerages reduced or retained their share price targets on Bajaj Finance after the company’s March quarter results showed net interest margins are under pressure, raising concerns over its near-term outlook. The stock fell 7.7% Friday to close at ₹6,731. The average analyst price targets on Bajaj Finance after the fourth … Read more
NEW YORK, – U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet’s first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a … Read more
