 "Gala Precision Engineering’s IPO Soars 201.44 Times Amid High Demand")
Gala Precision Engineering Ltd has announced its initial public offering (IPO) with a price range set between Rs 503 and Rs 529 per share. The IPO has seen overwhelming demand, being subscribed 201.44 times by the closing day, with non-institutional investors leading the charge at 414.65 times. The total offering includes 25.58 lakh new shares ...
 "India’s Bond Market Set to Shift as RBI Eyes Rate Cuts and Demand Rises")
ICICI Prudential Life Insurance is set to increase its investments in longer-duration federal government bonds, including the benchmark 10-year bonds, due to a favorable demand-supply scenario. Ketan Parikh, the head of fixed income investments, noted that the company’s long-term focus aligns well with investing in these longer-term bonds. As India’s fiscal deficit drives borrowing, the ...
 "Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis")
In August 2024, domestic passenger vehicle sales in India fell by 2-3% year-on-year, totaling about 355,000 units. This decline is attributed to sluggish demand and high unsold inventory, with dealers holding around 730,000 cars, enough to last over two months. Maruti Suzuki, the leading carmaker, cut its dealer dispatches by around 13,000 units, leading to ...
 "India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance")
In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...
 "Kharge Accuses BJP of Deception as J&K Youth Demand Change!")
Congress president Mallikarjun Kharge has criticized the BJP’s policies for youth in Jammu and Kashmir, labeling them as deceptive. In a recent statement, he highlighted the staggering youth unemployment rate of 28.2% in the region and pointed out the issues of corruption and exam paper leaks that have hindered job recruitment in government departments. Kharge ...
 "LIC Faces ₹605.58 Crore GST Demand Amid Taxation Controversy")
Life Insurance Corporation of India (LIC) has received a tax demand notice amounting to approximately Rs 605.58 crore due to a short payment of Goods and Services Tax (GST) for the financial year 2019-20. The notice indicates issues related to incorrect input tax credit claims and late payment interest. This demand includes a breakdown of ...
Boeing shareholders expressed their disapproval towards chief executive Dave Calhoun in a recent meeting, citing concerns over the company’s performance and decision-making. Shareholders communicated their frustration with Calhoun’s leadership, calling for a change in direction to improve the aerospace company’s profitability and reputation in the industry. This backlash serves as a wake-up call for Boeing’s ...
Today’s Current Affairs shed light on the increasing demand for Schengen visas in India, with a staggering 9.7 lakh applications last year, marking a 44% rise from 2022. The surge in applications, fueled by pent-up travel aspirations, has led to a scarcity of visa interview slots, causing frustration among eager travelers. Countries like China witnessed ...
Ethereum has caused a stir in the cryptocurrency world as it suddenly experiences an unexpected inflation. The surprise development has left many in the ecosystem reeling, as the popular digital currency continues to make waves. Stay tuned for more updates on this breaking news. Click to Claim Latest Airdrop for FREE Claim in 15 seconds ...
