The Bajaj Finance stock has been in focus after the Reserve Bank of India (RBI) directed the company to halt the sanction and disbursal of loans under its ‘eCOM’ and ‘Insta EMI Card’ products due to non-compliance with digital lending norms. However, brokerages are not very worried. Jefferies, has upheld its ‘Buy’ recommendation on Bajaj Finance, anticipating a substantial 29% upside.
Regarding the RBI directive, Jefferies highlighted potential negative implications and emphasized that the speed of corrective measures would be crucial to reinstate the affected products. Despite this regulatory development, the brokerage sees limited financial impact, estimating the affected Insta EMI Card base to constitute 5% of total clients, 0.2% of disbursals, less than 1% of fees, and less than 0.5% of profit. Jefferies continues to monitor progress, retaining earnings expectations and maintaining its ‘buy’ rating on Bajaj Financ…
Krystal Integrated Services IPO’s allotment is likely to finalise on March 19. The company’s shares are expected to debut in the secondary market on March 21. The company is in the business of providing facilities management services. Krystal provides various services such as housekeeping, landscaping, mechanical, gardening, sanitation, etc.
Here’s how you can check your allotment status:
Step 1
No funding winter for EVs!Kinetic Green raises $25 million, targets another $15 million, says new scooter launch in 18 months Bank of Baroda ‘Monsoon Dhamaka’ FD Scheme: Attractive rates for 399 days, 333 days tenors – 50 bps extra for senior citizens OLA Electric IPO GMP: Check subscription status, GMP, and other key details Ola Electric IPO Opens Today: Check GMP, price band, and other key details
Go to the registrar’s website and navigate to the public issues. In this issue, you can check the allotmen…
Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Wednesday fixed Rs 397-418 per share as the price band for its Rs 1,172 crore initial share sale.The Initial Public Offering (IPO), which will be the maiden issue of 2024, will commence from January 15. The bidding for anchor investors will open on January 12, according to a statement.
Through the issue, that is fully an Offer For Sale (OFS), promoters and existing investors will sell 2.8 crore equity shares.The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.Under the offer, up to 2,539,092 shares will be offloaded by Chhatwal, 12,468,592 by Medimatter Health Management, 6,606,084 shares by Bessemer, 6,275,706 shares by Investcorp, 26,382 shares by Vivek Pandit, 22,613 shares by Rahul M Khanna, and 17,337 shares by Shankar Rao Palepu along with …
D-Day for India as vote counting gets underway. It will decide the fate fo India for the next five years, plus set the tone for Policy going forward. GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Tuesday. Here are some top cues you need to know before the markets open.
GIFT Nifty was 104.50 points or 0.45% higher at 23,572 indicating a positive start for the domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed 733 points or 3.25% higher to finish at 23,264, while the BSE Sensex soared 2,507.47 points or 3.39% to finish at 76,469.
Top cues to know before share market opens on June 04, 2024
Exit Polls
The top exit polls are predicting a one-sided victory for NDA. It is expected to win 370 seats (NDA had won 353 seats in 2019) according to the average of all exit polls. Today’s Chanakya, the …
Shares of Paytm, traded by the name One 97 Communication, rose 10% to hit the upper circuit of Rs 496.25 after the company’s chief executive officer Vijay Shekhar Sharma went to the Finance Ministry on Wednesday. The trading of the stock was frozen till the markets closed after hitting the new upper circuit of 10%.
However, the Reserve Bank of India refused to help Paytm Payments Bank Limited (PPBL) in any manner, including in the process of migration of the company’s accounts to other banks or extending the deadline beyond February 29, 2024, said a source familiar with the matter to Moneycontrol.
“Sharma was told that PPBL has to speak with banks and National Payments Corporation of India (NPCI), which runs the popular mobile payments platform Unified Payments Interface (UPI), on its own and the RBI will not nudge banks to take this up,” reported Moneycontrol citing sources. Come from
The rupee stayed range-bound and settled 1 paisa higher at 83.29 against the US dollar on Thursday amid a negative trend in domestic equities and sustained foreign fund outflows.
At the interbank foreign exchange, the rupee opened at 83.25 and finally settled at 83.29 against the greenback, registering a gain of 1 paisa from its previous close.
During the day, the rupee witnessed a range-bound trade reaching the peak of 83.25 and hitting the lowest level of 83.29 against the American currency.
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On Wednesday, the rupee closed at 83.30 against the American currency.
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In anticipation of a spurt in natural gas consumption on the back of a slump in international prices, the government is actively encouraging the use of gas-based energy to meet the increasing power requirements of domestic industries and gas based power plantsCome from Sports betting site. For FY25, the annual gas consumption is expected to surge by around 30% to 35% compared to FY24.
Speaking to FE, Rajesh K Mediratta, MD & CEO, Indian Gas Exchange, a platform for the physical trade of gas through transparent price discovery, said, “We are expecting that the reduction in international spot prices for gas from around $15 per mmbtu to $8 -11 per mmbtu (metric million british thermal units) a couple of months back, may significantly boost the gas consumption for this financial year. The expected growth of gas use for industrial power requirements and the increased demand for gas based power plants wi…
The World of Cyberpunk 2077 takes an in-depth look at the iconic game from CDPR, offering fans a closer look at Night City and the people who call it home. Best Buy is the only place you’ll find the World of Cyberpunk 2077 Exclusive Edition, which bundles together a bunch of collectibles with the book–and right now you’ll find it on clearance for just $72 (down from $90). Since the book is marked as clearance, once it’s sold out, it won’t be coming back. Come from Sports betting site VPbet
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Years ago, Oscar-winning director Quentin Tarantino was said to be in the mix to potentially direct a James Bond movie, but it never worked out. Tarantino discussed this in an interview with Deadline, saying he was specifically trying to make a Casino Royale movie.
Tarantino said he was told that Eon, the company that owns the rights to James Bond movies, didn’t have the rights to Casino Royale specifically. This is the reason why 1967’s spy parody movie Casino Royale movie starring Woody Allen and Peter Sellers was able to exist outside the main series.
Tarantino and his team reached out to James Bond author Ian Fleming’s people and inquired about making a Casino Royale film after 1994’s Pulp Fiction.
“It would’ve taken place in the ’60s and wasn’t about a series of Bond movies. We would have cast an actor and be one and done. So I thought we could do this,” Tarantino said.
Unfortunately for Tarantino, 007 producer Barbara Broccoli was preparing for someone …
On Monday, Jul 10, 2023, the long-expected City of Dreams Mediterranean casino finally opened its doors to the customers.
Long-awaited resort
After years of planning and working on the construction, one of the most ambitious projects in Cyprus has finally been completed.
In the first integrated resort in Europe, a huge amount of money was invested. With a total amount spent bigger than €600 million, this resort will be one of the most luxurious places in the country. Cyprus is already a popular tourist destination, but with a new resort, it will enhance its position on the European market, and hopefully become a renowned destination for international business and conference tourism.