BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years. Under the guidelines, the applicant firm needs to be […]
Rupee set to remain rangebound in near-term
By Gaurang Somaiya Rupee fell to fresh record lows last week following a system outage and other trigger triggered volatility for the rupee. Broadly, for the week, it traded in a narrow range despite swings witnessed in the dollar against its major crosses. Fed Chairman’s statement was scheduled during the week and he continued to […]
Ask Automotive lists with over 8% premium; Should you hold or book profit?
Ask Automotive’s shares listed with 8.12% premium over the IPO price on bourses on Wednesday. The share debuted at Rs 304.90 on the BSE and at Rs 303.30 on the NSE as compared to the issue price of Rs 281. The investors have made a profit of nearly Rs 23 per share as the scrip […]
Dhanteras Special: Can gold lose its shine due to geo-political concerns?
By Rahul Kalantri Dhanteras & Diwali are regarded as an auspicious occasion for embarking on the path to prosperity by making investments in gold. During this time, investing in gold is culturally significant as it is believed to usher in good fortune and wealth, particularly when initiating financial endeavours related to gold and silver. In [
IT midcaps witness BFSI-led growth as larger peers take a hit
At a time when large IT companies are seeing BFSI (banking, financial services and insurance) vertical-led softness, the same is aiding the growth of some midcap companies. The reason: smaller IT firms cannibalising the BFSI revenue of larger companies. Companies such as Sonata Software, Coforge and Birlasoft have been witnessing growth driven by t
Silkyara Tunnel: Efforts are on to save trapped workers – PHOTOS
1/8 At the Silkyara Tunnel in Uttarkashi, the Government of India (GOI) is actively engaged in ongoing rescue operations. 41 workers are trapped.The two-km section of the tunnel, with completed concrete work ensuring the safety of those trapped, is the focus of the rescue efforts. In this part of the tunnel, water and electricity supply […]
What were the notable advancements and challenges in the intersection of AI and fintech in 2023
By Deepika Loganathan In 2023, the intersection of artificial intelligence (AI) and fintech continued to experience notable advancements and encountered several challenges. These developments had a profound impact on the financial industry, shaping the way businesses and consumers interact with financial services. Let’s delve deeper into the key ad
Revolutionising sound: Role of AI in audio technology
By Sukhesh Madan Audio technology is one area where artificial intelligence (AI) is making huge inroads in the ever-changing digital world. From the way we listen to audio to the sound quality in our favourite movies, AI is remodelling the audio reveal. This collaboration between current AI algorithms and audio innovation is not only improving [&he
Benign crude price outlook bodes well for India current account
Brent crude registered a fall to a level of $80.6 per barrel despite the recent decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies to extend output cut of 1.7 million barrels a day to 2024. Analysts see crude prices to remain in the range of $80-85 per barrel going ahead. “Oil […]
Indian PSUs surge for the third consecutive year; REC, PFC, RVNL see upto 250% gain in 2023
Stocks of India’s state-owned companies continue their upward trajectory in 2023, marking the third consecutive year of gains. The BSE PSU index, reflecting the performance of public sector enterprises, has surged by an impressive 46.43% so far this year, surpassing the benchmark BSE Sensex index, which recorded a 14.93% return. Among the 55 consti