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The announcement of the 8th Pay Commission by the central government has brought a wave of optimism for over 1.15 crore employees and pensioners, including defense personnel. This pay commission aims to revise salaries, pensions, and benefits for central government employees, with projected hikes that promise significant financial improvements. Here’s an in-depth look at … Read more
BlackRock, the world’s largest asset manager with over $11 trillion in assets under management (AUM), has made another bold move in the cryptocurrency space. The firm has launched a Bitcoin exchange-traded fund (ETF) on Cboe Canada, signaling a new wave of institutional adoption in North America. This new offering, named the iShares Bitcoin ETF, … Read more
The Initial Public Offering (IPO) of Standard Glass Lining Technology Limited has generated significant interest in the market. The IPO opened for subscription on January 6, 2025, and closed on January 8, 2025. The issue was oversubscribed by more than 183 times, reflecting robust demand across investor categories. Now that the bidding period … Read more
The Adani Group, one of India’s largest conglomerates, has announced its complete exit from Adani Wilmar Ltd (AWL), a leading player in the fast-moving consumer goods (FMCG) sector. This strategic divestment marks a significant step in Adani Enterprises Ltd’s (AEL) restructuring efforts, focusing on its core infrastructure businesses while addressing liquidity concerns. The sale, … Read more
Unimech Aerospace Limited’s Initial Public Offering (IPO) has garnered significant attention from investors, thanks to robust demand and an impressive grey market premium (GMP). The IPO, which opened for subscription between December 23 and December 26, saw substantial oversubscription, with high participation across various investor categories. As the allotment date approaches, investors are keen … Read more
The Metropolitan Stock Exchange of India Ltd. (MSEI), one of the country’s leading stock exchanges, has made headlines with its decision to raise ₹238 crore through a fresh equity issuance. Recognized by the Securities and Exchange Board of India (SEBI), MSEI has seen significant investments from notable players in the financial market, including the … Read more
Suzlon Energy Ltd. is one of India’s most prominent renewable energy solution providers and a leading global wind turbine manufacturer. Established in 1995 by Tulsi Tanti, Suzlon has emerged as a key player in the renewable energy sector, focusing on wind energy solutions. Over the years, Suzlon has expanded its presence across countries such as … Read more
The much-anticipated International Gemmological Institute IPO (Initial Public Offering) has created a buzz among investors, given its impressive subscription numbers and significant interest from institutional and retail participants alike. The IPO concluded on December 17, 2024, and all eyes are now on the IGI IPO allotment status, which is likely to be finalized on December … Read more
Vishal Mega Mart IPO Allotment Status and Key Insights: A Comprehensive Guide Vishal Mega Mart, a renowned name in India’s retail sector with a vast network of 645 stores across the country, recently concluded its highly anticipated IPO, raising Rs 8,000 crore. The public issue created a massive buzz in the market, witnessing a subscription … Read more
The Enviro Infra Engineers IPO has been a highly anticipated event, receiving an overwhelming response from investors. With a total subscription of 89.90 times, the public issue has demonstrated immense investor confidence across all categories. This detailed guide provides an overview of the IPO’s performance, allotment process, timeline, and subscription details, along with step-by-step … Read more