Moneynomical Newsdesk 159 posts

The US Federal Reserve has kept its key overnight interest rate at a 23-year high since July 2023, aiming to hold steady until inflation aligns consistently with target levels. Here's a breakdown of the recent developments…

Senior citizens planning to liquidate assets such as real estate, stocks, mutual funds, bonds, gold, or urban agricultural land for post-retirement income must be aware of capital gains tax implications. Capital gains tax…

Kotak Mahindra Asset Management Company has introduced the Kotak Special Opportunities Fund, an open-ended equity scheme with a special situations theme. The scheme opened for subscription on June 10, 2024, and will close on…

DEE Development Engineers, an established engineering company specializing in process piping solutions for oil and gas, power, chemicals, and other process industries, is set to launch its Initial Public Offering (IPO) on…

The World Bank has revised its growth projections for the US economy, now anticipating a 2.5% growth rate in 2024, consistent with 2023 but significantly higher than the earlier estimate of 1.6%. In its June 11 report, the…

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a new master circular on life insurance product regulations, retaining the provisions for higher special surrender values (SSV). This move ensures…

India's Fast-Moving Consumer Goods (FMCG) sector is the fourth-largest in the economy, characterized by high-turnover products that undergo rapid production, distribution, marketing, and consumption. Dominant FMCG products in…

Ola Electric, the prominent electric vehicle maker, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), aiming to raise Rs 7,250 crore. The company had filed its…

The Reserve Bank of India (RBI) held its first Monetary Policy Committee (MPC) meeting since the Lok Sabha Elections 2024. In a significant move, the RBI decided to keep the repo rate unchanged at 6.5% for the eighth…

Kronox Lab Sciences IPO is set to list on Monday, June 10. The IPO allotment was completed on June 6, and shares were credited to demat accounts on June 7. The IPO received a strong subscription response, with a grey market…

The Indian stock market benchmarks, Sensex and Nifty 50, extended their gains into the third consecutive session, ending at fresh closing highs on Friday, June 7, following the Reserve Bank of India's decision to maintain the…

The demand for non-ferrous metals, including copper and aluminium, is projected to remain robust at approximately 10% in the current fiscal year (FY2025), significantly exceeding the anticipated global demand growth of around…

Bajaj Housing Finance, a subsidiary of Bajaj Finance, has announced its return to the public market with a significant initial public offering (IPO). The proposed IPO includes a fresh issue of equity shares worth up to Rs…

Prime Minister Narendra Modi has secured a third term in office, but the BJP fell short of a full majority by 32 seats, necessitating coalition support from key allies like JD(U) chief Nitish Kumar and TDP's chief Chandrababu…

The Initial Public Offering (IPO) of Le Travenues Technology, the parent company of popular travel aggregator Ixigo, is set to make its debut on stock market on June 10, 2024. This eagerly anticipated IPO includes a fresh…