Category: Finance
-
Malpani Pipes & Fittings to Launch SME IPO on January 29, 2025
Malpani Pipes & Fittings Ltd. (MPFL), a leading manufacturer of high-quality plastic pipes, is set to launch its Initial Public Offering (IPO) on January 29, 2025, with a price band of Rs 85-90 per share. The IPO aims to raise Rs 25.92 crore by issuing 28.80 lakh fresh shares, marking a significant step in the…
Written by
-
Supreme Court Declines Plea to Abolish TDS Framework Under Income Tax Law
In a significant decision on January 24, 2025, the Supreme Court of India declined to entertain a public interest litigation (PIL) that sought to abolish the tax deducted at source (TDS) framework under the Income Tax Act. The Bench, led by Chief Justice of India Sanjiv Khanna, directed the petitioner, advocate Ashwini Upadhyay, to take…
Written by
-
India’s Forex Reserves Decline by $1.88 Billion, Stand at $623.98 Billion
India’s foreign exchange (forex) reserves recorded a decline of $1.88 billion, settling at $623.983 billion for the week ending January 17, 2025, as per data released by the Reserve Bank of India (RBI) on Friday. This marks the continuation of a downward trend observed over recent weeks, raising questions about the underlying factors driving these…
Written by
-
Japanese Yen Rallies and Bond Yields Surge as Bank of Japan Tightens Monetary Policy
In a decisive move that has rippled through global financial markets, the Japanese yen surged and Japanese government bond (JGB) yields climbed to multi-year highs on Friday following an anticipated interest rate hike by the Bank of Japan (BOJ). This policy shift, accompanied by upwardly revised inflation forecasts, has fueled expectations that the central bank…
Written by
-
Budget 2025: Fuel, Pharma, Electronics, and More – What to Expect
As the much-anticipated Union Budget 2025 approaches, all eyes are on Finance Minister Nirmala Sitharaman as she gears up to announce fiscal measures that could redefine India’s economic landscape. Scheduled for February 1, the budget is expected to focus on driving economic growth, fostering domestic manufacturing, and providing relief to consumers amid inflationary pressures. Here’s…
Written by
-
Larry Fink Predicts Bitcoin Could Skyrocket to $700,000
In a recent revelation that has the financial world abuzz, Larry Fink, the CEO of BlackRock, shared his vision for Bitcoin, speculating that the cryptocurrency could potentially reach a staggering valuation of $700,000 per Bitcoin. This audacious projection has sparked widespread debate and comes amid rising concerns about currency debasement and global economic instability. As…
Written by
-
RBI’s New LCR Norms: How They Could Reshape Liquidity and Lending in India
The Reserve Bank of India (RBI) has issued a directive to commercial banks, asking them to assess the potential impact of upcoming changes to the liquidity coverage ratio (LCR) norms. This move comes amidst rising concerns from lenders about the potential challenges posed by these new regulations. Proposed Changes Under Review The draft norms, which…
Written by
-
Expert Tips to Escape the Debt Trap
The rising trend of over-leveraging among Indian borrowers has sparked growing concerns about personal finance management. According to the Reserve Bank of India’s (RBI) latest Financial Stability Report, around 60% of borrowers who availed personal loans in the second quarter of FY 2025 already had more than three existing loans at the time of loan…
Written by
-
Zomato Q3FY25: Revenue Surges but Profits Take a Hit
Zomato’s latest financial results for the December quarter (Q3FY25) have raised concerns among investors and analysts, leading to a significant cut in earnings estimates and share price targets. The company’s muted performance, particularly in its core food delivery (FD) segment, has drawn attention to broader challenges in the sector. Despite some growth metrics showing improvement,…
Written by
-
Bitcoin Hits $109,000 Ahead of Trump Presidency
In a groundbreaking development for the cryptocurrency world, Bitcoin soared to an unprecedented high of $109,000 on January 20. This remarkable achievement comes on the eve of President-elect Donald Trump’s inauguration, marking a significant milestone for the digital currency as market sentiment remains overwhelmingly optimistic. This new record surpasses Bitcoin’s previous all-time high of $108,000,…
Written by
