Jio’s IPO could come by 2025: Company could raise ₹9.3 lakh crore, Jio has over 48 crore users

Reliance Industries Limited’s (RIL) telecom unit Jio may launch an IPO next year i.e. by 2025.  According to American brokerage Jefferies, this could raise the company to over $112 billion (about ₹9.3 lakh crore). The brokerage said the IPO could add 7%-15% to Reliance Industries’ share price.  Jefferies priced RIL shares at Rs.  Given a … Read more

Important role:Strong economic condition in banking sector will support economic growth of the country:RBI

The country’s banking sector, which is at its highest level in a decade by financial metrics, is now poised to provide the support needed to drive the growth of the Indian economy, RBI Deputy Governor Swaminathan Jay said. Addressing a conference of Chief Financial Officers and Statutory Auditors of Commercial Banks and All Indian Financial … Read more

In the interest of investors, SEBI is considering increasing the contract of 5 lakh to 20 lakh in future option.

• Efforts by Exchange-SEBI to curb speculation in stock market The equity market has witnessed an aggressive boom in recent times.  Not only this, strict measures are being taken by the Exchange and SEBI to curb the speculation in the stock market.  In particular, more than 90 percent of traders lose money in futures and … Read more

Shares of Rail Vikas Nigam rise 10%: Company gets two orders worth ₹187.34 crore and ₹202.87 crore

Shares of Rail Vikas Nigam Limited (RVNL) rose 10% today to Rs.  has reached 958.  Indeed, the railway sector’s state-owned company RVNL has received two orders, the impact of which is also visible in the shares today. RVNL said it has received letter of acceptance from Maharashtra Metro Rail Corporation (Nagpur Metro) for construction of … Read more

Gold prices rise today, silver falls: Gold up by Rs 137 to Rs 72,483; A kg of silver is selling at Rs 91,439, down by Rs 408

Gold prices are on the rise today i.e. 10 July.  According to the India Bullion and Jewelers Association (IBJA) website, the price of 10 grams of 24 carat gold has increased by Rs 137 to Rs 72,483.  Yesterday, its price was Rs 72,346 per ten grams. However, the price of silver is decreasing today.  One … Read more

Emcure Pharmaceuticals shares listed at 31.45% premium: Bansal Wire listed at 39.06% premium, both IPOs were open from 3rd to 5th July

Shares of Emcure Pharmaceuticals Limited and Bansal Wire Industries Limited were listed on the stock exchange today.  Shares of Emcure Pharmaceuticals were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) at ₹1,325.05, up 31.45% from the issue price of ₹1,008. At the same time, shares of Bansal Wire Industries were … Read more