World Updates

World Updates

Zepto Introduces In-App UPI Payments to Streamline Checkout

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Zepto app in-app UPI payment feature launch

According to Moneycontrol, quick commerce startup Zepto has introduced an in-app UPI payments option for its consumers, joining other significant delivery platforms that are progressively including payments inside their applications to streamline checkout and reduce dependency on third-party UPI providers. Zepto Introduces In-App UPI Payments The new functionality streamlines the checkout process by enabling users … Read more

Adani Enterprises’ ₹1,000-Crore NCD Oversubscribed on Day 1

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Yogi Government’s 10th Budget: Big Welfare Push, Pension Hike & Student Benefits

According to information available with the exchanges, Adani Enterprises’ ₹1,000 crore public offering of non-convertible debentures (NCDs), which went up for bid today, January 6, had a strong response. Adani Enterprises NCD Offering Details This is the flagship Adani group company’s third NCD offering, and it will close on January 19. Adani Enterprises offers the … Read more

Mutual Funds: Strengthen Portfolio with SIPs & STPs

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Grover Jewells' shares surpass gray market predictions by listing at a 9% premium to the SME IPO price. On February 11, Grover Jewells' shares made a modest debut on the stock market, going up to Rs 96 per on the NSE Emerge platform. This is a premium of almost 9% above the Rs 88 IPO price per share. With a market valuation of Rs 139.27 crore, the company made its debut on the stock exchanges. Grey market estimates versus listing premium: The listing premium has greatly exceeded grey market expectations, even with the market's lackluster beginning. The company's unlisted shares were trading flat at the IPO price of Rs 88 with no grey market premium (GMP) prior to listing. When the IPO was up for public bidding from February 4 to February 6, the site's quoted GMP was close to 3 percent. The company's unlisted shares were trading at 0 GMP over the IPO price, according to IPO Watch as well. Grover Jewells IPO: Grover Jewells, a gold jewelry manufacturer situated in Delhi, went public in order to generate Rs 33.83 crore by issuing 38.44 lakh shares at a price range of Rs 83–88 each. With a minimum investment of Rs 1.41 lakh, investors could bid for 1,600 shares, and then in multiples. The IPO received over 19 subscriptions between February 4 and February 6, indicating that investors were quite interested in it throughout its three days of public bidding. With approximately 38 bookings of their allotted allocation, non-institutional investors (NII) shown the highest level of interest in the IPO. Qualified institutional buyers (QIB) and retail sections were reserved 11 times and 16 times, respectively. Working capital will be the primary use of the IPO proceeds, with the remaining sum going toward general business needs.

Building your portfolio intelligently is crucial if you invest in mutual funds on a regular basis. At high values, a lot of investors purchase mutual fund units. Unfortunately, this often reduces their total profits. Understanding SIPs and Cost Averaging It is advisable to purchase mutual fund units at various price points in order to prevent … Read more

TCS vs Infosys: Which Stock Looks Better Before Q3 Earnings?

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Prior to the Q3 results, two of the biggest heavyweights of Indian IT services are under scrutiny. Both businesses have recently made headlines. While Tata Consultancy Services (TCS) is investing an enormous $6.5 billion on physical AI infrastructure, Infosys has chosen to do one of the biggest buybacks in the industry, returning Rs 18,000 crore. … Read more