LG Electronics India’s IPO is set to finalize share allotment on October 10 after a strong response, with the issue oversubscribed over 54 times. Investors can check their allotment status on BSE/NSE or Kfin Technologies. The company’s robust financial performance and a significant grey market premium suggest a promising market debut.
The US government has proposed barring Chinese airlines from flying over Russia on routes to and from the United States, citing unfair competitive advantages. This move aims to level the playing field for American carriers, which lost access to Russian airspace after the Ukraine invasion. The proposal could impact major Chinese airlines and adds to…
Small businesses are experiencing a significant sales surge, driven by recent GST rate reductions and the ongoing festive season. Sectors like toys, textiles, footwear, and auto accessories are reporting heightened demand. Industry bodies indicate positive initial feedback, with expectations of continued growth as consumers benefit from lower prices and increased purchasing power.
WeWork India Management debuted on the stock markets with a muted opening, with shares trading slightly above their issue price before dipping. The company’s Rs 3,000 crore IPO, which closed 1.15 times subscribed, aims to boost visibility and provide liquidity. WeWork India operates co-working spaces across major Indian cities.
Gold price prediction today: Gold prices are expected to dip, with analysts advising traders to sell on any rise. Technical indicators like EMA crossover, Bollinger Bands, and MACD signal strong bearish momentum. Investors should consider selling near ₹1,21,200–₹1,21,500 with targets at ₹1,20,000 and ₹1,19,100.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday. While Nifty50 want above 25,200, BSE Sensex was up around 200 points.
America has imposed new sanctions targeting individuals and companies aiding Iran’s oil and LPG exports. Three Indian nationals are among those sanctioned for their alleged roles. The US aims to disrupt Iran’s revenue streams and its support for terrorist groups. These actions are part of a broader effort to dismantle Iran’s energy export network.
India’s house price index saw a 3.6% year-on-year rise in Q1 of the current fiscal, moderating from last year’s 7.6% growth. The Reserve Bank of India’s updated index, now with a 2022-23 base year and expanded city coverage, also recorded a 2% sequential increase. Nagpur, Chandigarh, Chennai, and Kochi led the gains.
New rules now link PPF investments to PAN, making it impossible to hide multiple accounts. Exceeding the Rs 1.5 lakh annual limit can lead to interest clawback on excess contributions. Irregular accounts won’t earn interest, with minor accounts earning a mere 4% until regularized.
US federal workers are facing financial hardship as the government shutdown enters its second week, with many resorting to loans to cover essential expenses. Furloughed employees and those working without pay are experiencing significant stress, impacting morale and household finances. Credit unions are offering short-term, interest-free loans to help bridge the gap until back pay…
