Moneynomical Newsdesk 159 posts

ICICI Prudential Mutual Fund has introduced the ICICI Prudential Energy Opportunities Fund, an open-ended equity scheme focused on the energy sector. The fund opened for public subscription on July 2, 2024, and will remain…

Rising optimism for a US Fed rate cut and weakness in US dollar rates have propelled gold prices to a six-week high at $2,391 per ounce in the international market. In the domestic market, gold futures on the Multi Commodity…

When filing Income Tax Returns (ITR), specific incomes are often omitted due to ignorance or oversight, not deliberately. This article highlights crucial incomes that must be included in your ITR. Many salaried individuals…

FMCG stocks have largely underperformed in 2024 due to weak base demand, inflation, adverse weather conditions, and lower agricultural production growth. However, leading market experts and domestic brokerages predict a…

With the Union Budget around the corner, expectations are high for potential benefits the Finance Minister may announce for taxpayers. A key anticipated benefit is an increase in the standard deduction limit. Originally…

Union Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024-25 in Parliament during the third week of July. This will be the first budget following the National Democratic Alliance's (NDA) third…

Patna-based BMW Ventures has filed preliminary papers with SEBI to raise funds via its maiden public issue. The IPO consists solely of a fresh issue of 2,34,18,000 equity shares, constituting 27 percent of the post-issue…

High-frequency data indicates that the Indian economy is set to grow over 7 percent for the fifth consecutive quarter in Q1FY25. This positive trend aligns with the Reserve Bank of India’s (RBI) GDP growth projection of 7.3…

After years of underperformance, Public Sector Undertakings (PSUs) have surged ahead in FY24, delivering an impressive 92% return, far surpassing the Nifty 50's 28% gain. Key drivers of PSU growth: Government's…

Foreign investors are making a strong comeback to Indian bonds following an April sell-off, ahead of the debt’s inclusion into a major global index at the end of the month. Since September, net inflows have surged to $10…

New traders often come across the term "double top pattern." It's a technical indicator used to predict potential price reversals in stocks. A double-top pattern is a price reversal pattern, indicating a change in the…

The Indian defence industry is pivotal in safeguarding the nation’s borders and strategic interests, positioning itself at the forefront of national security concerns. The sector's rapid growth is fueled by rising…

The highly anticipated Initial Public Offering (IPO) of Durlax Top Surface Limited is scheduled to open on June 19, 2024, and will remain open for bidding until June 21, 2024. The company has set the Durlax Top Surface IPO…

Shivalic Power Control is set to launch its public issue by the end of this month or early July. The NSE Emerge-bound company plans to issue 64,32,000 equity shares with a face value of Rs 10 each. The SME player filed its…

Hyundai Motor India Limited (HMIL), the second-largest carmaker in India after Maruti Suzuki in FY24 based on passenger sales volumes, is gearing up for a monumental IPO. The company has invested $5 billion in its two…