Author: siddhantdubey

In its most recent research report, the brokerage firm Nuvama Institutional Equities indicated that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is likely to extend the pause on June 8 and retain the policy repo rate at 6.5% because of the easing of inflation. This was expressed in light of the fact that the RBI expects the policy repo rate to remain at 6.5%. Beginning today, June 6, the Monetary Policy Committee (MPC) of the RBI will convene for a three-day meeting to examine the second biweekly monetary policy for the fiscal year 2024–24. On…

Byju’s has revealed that it intends to sell its educational institute, Aakash Education Services, through an initial public offering (IPO). This was the company’s most expensive acquisition to date, and it also happens to be the major source of revenue for the troubled tech major, which was recently in the news due to a valuation cut that was implemented by BlackRock, one of its investors. According to the press statement that was issued to announce the intentions for the IPO, Aakash has seen a revenue gain that is three times more than it was only two years ago. According to…

The food services company Westlife Foodworld Ltd., which owns and operates McDonald’s restaurants in West and South India, announced on Monday that it would formally list its shares on the National Stock Exchange (NSE) under the ticker code Westlife. The ticker code will be used to identify the company’s shares. The National Stock Exchange (NSE) is the principal stock exchange in India. The company was only “permitted to trade” in the past, but it is now listed on both the NSE and the BSE, which will result in greater accessibility to more shareholders, as stated in a statement that was…

According to the Indian Law Commission, the section of the Indian Penal Code (IPC) dealing with sedition laws should be kept. This argument appeared in a recent study. The group, according to a PTI report, suggests making a few changes to the statute so that its scope of application is more clear. In its report to the government, the panel expressed serious concerns about the prospect of misuse of Section 124A. Therefore, it is suggested that the central government create model guidelines to prevent such misuse. While it is important to establish certain procedural standards for restricting any misuse of…

IKIO Lighting Ltd., a company that specializes in LED lighting solutions, will begin accepting subscriptions for its initial public offering (IPO) on June 6. The firm is a producer of light-emitting diode (LED) lighting solutions, with a primary emphasis on creating LED products that are both environmentally friendly and low in energy consumption. Its primary focus is as an Original Design Manufacturer (ODM), and its product range includes, among other things, LED lighting, lights for refrigeration, ABS pipe, and other items. The initial public offering (IPO) of IKIO Lighting has a value of more than 607 crore, which places a…

The Securities and Exchange Board of India, or SEBI for short, is India’s securities and commodities markets regulator, and it has recommended a significant alteration to the cost ratio charged by mutual funds. The regulator recently released a consultation document seeking to simplify and tighten the definition of the total expense ratio (TER) by including all peripheral expenditures that fund houses were permitted to levy in addition to the TER. An investor should be aware of these 5 major changes recommended by SEBI.  Commissions paid to brokers are part of the TER The maximum TER that an equity fund may…