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Mumbai, Oct 31 (SocialNews.XYZ) Emkay Global Financial Services on Friday posted a net profit of just Rs 0.45 crore in the September quarter (Q2 FY26), compared with Rs 25.90 crore in the same period last fiscal (Q2 FY25) -- marking a steep 98 per cent year-on-year (YoY) decline. Revenue from operations dropped nearly 34 per cent to Rs 72.08 crore from Rs 108.56 crore in Q2 FY25, according to its stock exchange filing. On a sequential basis, revenue remained largely stable compared with Rs 72. ...Read More >
Bangalore : Axis Mutual Fund, one of India's leading asset management companies, today announced the launch of the Axis Income Plus Arbitrage Passive FOF, an innovative open-ended scheme designed to offer investors a blend of stability, predictability, and tax efficiency. The New Fund Offer (NFO) will open for subscription on Oct 28, 2025, and close on Nov 11, 2025. The fund is managed by Devang Shah (Head - Fixed Income), Aditya Pagaria (Senior Fund Manager), Hardik Satra (Senior Fund Manager), ...Read More >
IBIZ Group President Thomas PO Acquires ₹8 Crore Villa at Arihant World Villas, Chowk Panvel IBIZ Group President Thomas PO Acquires ₹8 Crore Villa at Arihant World Villas, Chowk Panvel 3 min read Last Updated : Oct 17 2025 | 4:40 PM IST VMPL New Delhi [India], October 17: In a landmark transaction that reflects the rising appetite for trophy homes among global executives, Mr. Thomas PO, President of IBIZ Group a leading U.S.-based management consulting firm has acquired a ₹8 crore vill ...Read More >
India is rapidly emerging as a significant global player in branded residences, ranking sixth worldwide for live projects. Driven by a growing high-net-worth population and interest in international luxury brands, the sector is poised for substantial future growth, with key cities leading the charge. India is emerging as a notable market for branded residences, with demand driven by a growing population of high-net-worth individuals and increasing interest in international luxury residential br ...Read More >
WeWork India IPO: The stock's grey market premium has dropped sharply, now at only 0.77% above the issue price compared with 2.76% earlier. Though GMP provides a rough hint of potential listing performance, it remains unofficial and highly volatile. WeWork India's Rs 3,000-crore Initial Public Offering (IPO) has entered its second day of subscription on Monday. By the end of Day 1, the IPO saw a subdued response, with just 4% of the total issue subscribed. Bids were received for 11.12 lakh shar ...Read More >
Tata Capital, financial services arm of Tata group, has set the price band for its ₹15,512-crore initial public offering (IPO) -- the largest in 2025 -- at ₹310-326 per share. Tata Capital, financial services arm of Tata group, has set the price band for its ₹15,512-crore initial public offering (IPO) -- the largest in 2025 -- at ₹310-326 per share. That translates into a steep discount to the stock's last traded unlisted market price of ₹735 apiece. The pricing has dealt a blow to sc ...Read More >
Anand Rathi Share and Stock Brokers debuted on exchanges with a premium. The listing was below unlisted market expectations. Its initial public offering saw subscription over 21 times. Institutional investors drove demand. The company reported financial performance. Investors will now closely monitor its ability to sustain growth and protect margins. Competition from other brokers remains a challenge. Shares of Anand Rathi Share and Stock Brokers listed with a modest premium on the exchanges on ...Read More >
New Delhi, Sep 30 (PTI) Shares of Anand Rathi Share and Stock Brokers Ltd on Tuesday ended with a premium of nearly 8 per cent over the issue price of Rs 414. The stock started trading at Rs 432.10, up 4.37 per cent from the issue price on the BSE. During the day, it jumped 10.74 per cent to Rs 458.50. Shares of the firm finally ended at Rs 445.65, up 7.64 per cent. At the NSE, the stock listed at Rs 432, a premium of 4.34 per cent. Shares of the firm later ended at Rs 445.55, a jump of 7.62 p ...Read More >
PNN New Delhi [India], September 30: Investing in unlisted companies--essentially buying shares before they are listed on the stock exchange--is gaining significant traction in India. The appeal is clear: investors can potentially earn in two ways, first, by riding valuation gains before listing, and second, by pocketing a listing premium when the company finally goes public. The Pre-IPO Buzz With India's IPO market buzzing, unlisted shares have seen a surge in demand. Big names like NCDEX ha ...Read More >
New Delhi [India], September 30: Investing in unlisted companies--essentially buying shares before they are listed on the stock exchange--is gaining significant traction in India. The appeal is clear: investors can potentially earn in two ways, first, by riding valuation gains before listing, and second, by pocketing a listing premium when the company finally goes public. Also Read | Was Sonam Wangchuk Arrested on the Directions of Defence Minister Rajnath Singh Without Any Evidence? PIB Fact C ...Read More >
Patel Retail, a supermarket chain based in Maharashtra, launched its IPO of Rs 243 crore. The IPO received 45% subscription on Day 1. Grey market premium indicates strong demand. The IPO includes fresh issue and offer for sale. Funds will be used for debt repayment and working capital. The company operates 43 outlets with a wide product range. Patel Retail, a Maharashtra-based supermarket chain operator, opened its Initial Public Offering (IPO) worth Rs 243 crore on August 19. Within the first ...Read More >
Bengaluru : The Wealth Company Asset Management Holdings Private Limited, part of the Pantomath Group, has received the final approval from SEBI to launch its mutual fund business. With this regulatory milestone, The Wealth Company formally enters the ₹74.41 trillion mutual fund industry under its new identity, The Wealth Company Mutual Fund. SEBI granted the Certificate of Registration to the company on 18th July 2025 enabling it to commence operations as a registered Asset Management Company ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, fo ...Read More >
Mangaluru, July 18 (UNI) In a stunning revelation that has shaken the business community, Mangaluru Police have arrested 45-year-old Rohan Saldanha, the alleged mastermind behind a massive multi-crore scam that targeted ultra-rich businessmen and industrialists across Karnataka and neighboring states. Saldanha's arrest came after a dramatic police raid at his palatial bungalow in Jappinamogaru, where officers discovered not just opulence, but also cleverly concealed hideouts, an elaborate setup ...Read More >
NEW DELHI: India is witnessing a growing trend of capital flight as high-net-worth individuals (HNWIs) increasingly invest in overseas assets and seek residency or citizenship abroad. According to the Henley Private Wealth Migration Report 2025, India is expected to lose 3,500 millionaires this year alone, making it one of the top countries experiencing outflows of wealthy individuals. Affluent investors from tier-2 and tier-3 cities are also buying real estate abroad, especially in Dubai, often ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the sale of two-, three- and five-year bonds. The issue opened for subscription earlier in the day and received bids worth 15 billion rupees as of 5 p.m. IST, the bankers said. It will no ...Read More >
New Delhi [India], July 9 (ANI): The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities. According to the Competition Commission of India, the transaction involves the transfer of key financial services operations, including portfolio management, stock broking, distribution, and lending from UBS AG to the 360 ONE entities. The proposal approved by the Competition Commission suggests that 360 ONE Portfolio Managers Limi ...Read More >
Srinagar, July 8: In a significant departure from its traditional investment-linked residency system, the United Arab Emirates has launched a nomination-based Golden Visa scheme, allowing eligible Indian nationals to obtain lifetime residency by paying a one-time fee of AED 100,000 (approximately ₹23.3 lakh). The new model eliminates the need for property or business investments. Previously, Indian citizens could access the UAE's Golden Visa primarily through substantial investments, including ...Read More >
New Delhi [India], July 6 (ANI): Rapidly growing aviation infrastructure in Goa continues to attract major real estate players, as Sattva Group has launched Water's Edge II, expanding its Goa coastal portfolio in a strategic move. The move reinforces the tremendous residential market potential of the state, highlighting how improved connectivity and infrastructure development. The company said in a release that the launch underscores a broader transformation in India's residential market, wher ...Read More >
Kolkata: The CBI on Wednesday filed a supplementary charge sheet in the 2021 murder case of BJP worker Abhijit Sarkar, who was killed during post-election violence in Kankurgachhi. The charge sheet names Beleghata MLA Paresh Pal, Kolkata Municipal Corporation councillors Swapan Samaddar and Papiya Ghosh, along with 15 others.In the FIR, Sarkar's mother Madhabi said that on May 2, 2021, eight persons barged into their house at Narkeldanga around 3 pm and started enquiring about her son. The miscr ...Read More >
Mumbai: HDB Financial Services made its debut Wednesday on bourses at ₹835, a premium of 13% over its issue price of ₹740 on NSE. The stock closed 0.6% higher at ₹840.25. The IPO comprised a fresh issue of ₹2,500 crore with an offer for sale of ₹10,000 crore by HDFC Bank. HDB Financial Services is the most subscribed billion-dollar IPO since the Zomato issue four years ago, and the largest non-banking financial company (NBFC) IPO so far. Analysts said investors can choose to hold the stock fro ...Read More >
NEW DELHI: More than 30 years after it mandated a 200-point-roster system for earmarking posts for Scheduled Caste and Scheduled Tribe candidates in direct recruitments, the Supreme Court has now identified staff posts reserved for SC and ST candidates but provided no quota for OBC candidates.The judgment in R K Sabharwal case was delivered by a five-judge bench on Feb 10, 1995, during the tenure of 26th CJI A M Ahmadi, but it will be implemented now during the tenure of 52nd CJI in Justice B R ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin remains within a relatively tight range, struggling to gain sufficient momentum to break the $110,000 mark. At the time of writing, the leading crypto by market cap trades at $106,437, down 1.1% over the past 24 hours and nearly 4.8% below its May all-time high. The current consolidation range between $105,000 and $107,000 has prompted close monitoring of market behavior, ...Read More >
July 1 (Reuters) - Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical tensions earlier this year. That amount would mark the strongest month since December and would follow a robust $2 billion raised in June, though most of that was raised by one company, HDB Financial Services. Education loan provider Credila Financial Services, ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is treading cautiously below the $110,000 level, signaling a pause in momentum after recent highs. At the time of writing, the asset is priced at $106,841, marking a mild 0.4% decline over the past 24 hours. Despite brushing a daily high of $107,884, BTC appears to be consolidating in a narrow range, with market participants watching for the next significant move. Amid t ...Read More >
Mumbai, June 03, 2025: DSP Mutual Fund announced the launch of two new index funds, DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund. These funds aim to provide investors with a strategic way to participate in sectors known for their resilience compared to broader equity markets. Defensive sectors such as Information Technology (IT) and Healthcare have historically exhibited low beta relative to the broader equity market, meaning they are less affected by market downturns, economic c ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 ...Read More >
These freelance professional pathways will earn you the big bucks. Some of the highest paying freelance jobs in India offer not just a lucrative career path, but also flexibility, independence, and high earning potential. With businesses increasingly seeking specialised expertise, freelance professionals across various domains are in demand. From digital marketing and financial consulting to software development and social media management, these roles provide opportunities to earn competitive ...Read More >
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