investor confidence
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Business
October 2024: Indian Mutual Funds Attract a Whopping Rs 2.4 Lakh Crore Inflows
The Association of Mutual Funds in India (AMFI) has reported that monthly inflows into mutual fund Systematic Investment Plans (SIPs) breached the Rs 25,000 crore threshold for the first time in October 2024. SIP contributions for the month surged to Rs 25,323 crore, marking an all-time high compared to Rs 24,509 crore in September 2024. A year ago, in October…
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Investing
Akums Drugs and Pharamaceuticals IPO Oversubscribed 63.5 Times, Strong Market Debut Expected
Akums Drugs and Pharmaceuticals, a leading name in the Indian pharmaceutical industry, is poised for its much-anticipated debut on the stock exchanges this Tuesday. With a robust subscription rate and a significant Grey Market Premium (GMP), the company’s initial public offering (IPO) has garnered substantial investor interest. Here are five key points about Akums’ IPO and its market debut: Strong…
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Cyber Security-Cyber Crime
Bitcoin Breaks $50,000 Barrier on Anticipation of Interest Rate Cuts
Bitcoin surged past the $50,000 mark for the first time in over two years on Monday, propelled by investor optimism about potential interest rate cuts and the recent approval of U.S. exchange-traded funds (ETFs) tracking Bitcoin’s price. Currently trading at $50,196, Bitcoin has seen a 5.58% increase for the day and a 16.3% gain year-to-date. This milestone follows a failed…
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Business
Adani Electricity announces cash tender offer to buyback up to USD 120 Mn bonds
Adani Electricity Mumbai Limited launches cash tender offer up to USD 120 million of the outstanding USD 1,000 million senior secured notes due 2030. Company will fund tender offer through internal accruals and cash surplus. Purpose is to demonstrate strong financial stability and liquidity position of the company. Buyback will stabilize current yields, which are distorted in volatile market…
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