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IDFC First Bank’s stock has experienced a decline due to concerns surrounding the merger ratio

5Jul

By Neil KonkaNo Comments

Finance, Business

IDFC First Bank’s stock has experienced a decline due to concerns surrounding the merger ratio

According to Nuvama Alternative Research, IDFC First Bank is considered the top probable contender for inclusion in the MSCI August 2023 Standard Index. However, for the stock to meet the requirements for inclusion, it would need to experience a rally of approximately 10 percent from its current levels. On July 4, the share price of IDFC First Bank declined by over 5 percent following the announcement of the share swap ratio for its merger with IDFC Ltd. Shareholders of IDFC Ltd will receive 155 equity shares of IDFC First Bank for every 100 equity shares held. Based on the closing price on July 3, IDFC shareholders are receiving a premium of 17 percent, indicating a premium of 24 percent based on the previous Friday's closing price. As a result, IDFC Ltd's stock surged 2 percent, wh...

Investor attention is expected to remain on HDFC Bank’s share price due to its recent merger with HDFC

4Jul

By Neil KonkaNo Comments

Business, Finance

Investor attention is expected to remain on HDFC Bank’s share price due to its recent merger with HDFC

HDFC Bank shares closed 1.51% higher at ₹1,701.75 apiece on BSE on Friday. On Monday, HDFC Bank shares experienced a gain of over 2% and reached a new 52-week high. This surge was attributed to the merger between HDFC Bank and Housing Development Finance Corporation (HDFC), which officially took effect on July 1, following the necessary approvals. As a result of this merger, HDFC Bank has become the largest private lender in India, currently ranking fourth in terms of equity market capitalisation. The shares of HDFC Bank opened at ₹1714.90 apiece on the BSE. Closing at ₹1,701.75 apiece on Friday, HDFC Bank shares registered a 1.51% increase. Market analysts predict that the corporate action and the subsequent strong gap up opening have propelled the stock prices above their multi-mon...

Today marks the last date for linking PAN (Permanent Account Number) with Aadhaar

1Jul

By Neil KonkaNo Comments

Finance, Business

Today marks the last date for linking PAN (Permanent Account Number) with Aadhaar

Today marks the last date for linking PAN (Permanent Account Number) with Aadhaar in India. If individuals fail to complete this process, certain consequences may arise. The linkage of PAN with Aadhaar is an essential requirement mandated by the government for various financial transactions and official purposes. If individuals do not link their PAN with Aadhaar by the deadline, their PAN cards may become inoperative. This means that without a valid PAN-Aadhaar linkage, individuals may face difficulties in conducting financial transactions such as opening bank accounts, filing income tax returns, or making significant purchases. Furthermore, individuals who do not link their PAN with Aadhaar within the prescribed timeframe may also be subject to penalties or face legal consequences. ...

The Honda Elevate SUV was recently unveiled in India, marking its global debut.

7Jun

By Neil KonkaNo Comments

Business, Life Style

The Honda Elevate SUV was recently unveiled in India, marking its global debut.

Today, Honda unveiled its highly anticipated SUV, the Elevate, at a grand event held in New Delhi. This marks Honda's return to the SUV segment, although the company has previously offered the CR-V and BR-V models in its Indian lineup. Excitingly, bookings for the Elevate are set to commence in July 2023, with a price announcement expected shortly thereafter. Under the hood, the Elevate boasts a 1.5-liter petrol engine, the same one found in the popular City model. Additionally, Honda has announced plans to introduce a full electric powertrain for the Elevate in the future, catering to the growing demand for electric vehicles. In terms of competition, the Elevate will go head-to-head with formidable rivals such as the Creta, Seltos, and Kushaq, among others. This highlights Honda's d...

2Jun

By Neil KonkaNo Comments

Business

Coal India shares continue to decline

As of June 1, the offer-for-sale (OFS) for Coal India shares is accessible exclusively to non-retail investors. During this period, non-retail investors can indicate their desire to retain their unallotted bids for allocation on the following trading day (T+1) if the retail category remains undersubscribed. On June 2, the OFS will be open to both retail and non-retail investors. In Thursday's trading session, Coal India shares experienced a significant decline, marking the third consecutive session of losses. This drop occurred as the state-owned coal producer initiated a two-day offer-for-sale (OFS). The stock plummeted by 5.03%, reaching a daily low of Rs 229.65, compared to its previous closing price of Rs 241.20. As part of the government's plan to divest its stake in public sect...

Nvidia makes groundbreaking achievement, surpassing the remarkable milestone of $1 trillion in valuation.

1Jun

By Neil KonkaNo Comments

Business, Technology

Nvidia makes groundbreaking achievement, surpassing the remarkable milestone of $1 trillion in valuation.

In a significant development, the shares of the gaming and AI chip company witnessed a 4.2% increase during early trading on Tuesday, resulting in a remarkable valuation of $1 trillion. This achievement positions the company among the select few with such an immense market capitalization. Presently, the closest contender in the global chipmaking industry is Taiwan Semiconductor Manufacturing Co Ltd, valued at approximately $535 billion. Meta Platforms Inc accomplished the impressive milestone of reaching a trillion-dollar market capitalization in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp, and Amazon.com Inc stand as notable U.S. companies that are also part of this exclusive group. The financial analysts on Wall Street were taken aback by Nvidia's forecast, characterizing it a...

4Oct

By Ritika KonkaNo Comments

Business

How to get rid of headache tension???

What is a headache tension? A tension headache is the most common type of headache. It can cause mild, moderate, or intense pain behind your eyes and in your head and neck. Some people say that a tension headache feels like a tight band around their forehead. Most people who experience tension headaches have episodic headaches. These occur one or two times per month on average. However, tension headaches can also be chronic. According to the cleveland clinic, chronic headaches affect about 3 percent of the U.S. population and include headache episodes that last for more than 15 days per month. Women are twice as likely as men to have tension headaches. Causes of headaches tension Tension headaches are caused by muscle contractions in the head and neck regions. These types of contra...

The Automaker’s 2019 Profits Were Essentially Wiped Out By A Tough Fourth Quarter

3Feb

By Neil KonkaNo Comments

Business, Politics, Science

The Automaker’s 2019 Profits Were Essentially Wiped Out By A Tough Fourth Quarter

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The Dubai Company That Uses Fast Food Waste For Good

15Jan

By Neil KonkaNo Comments

Business, Life Style, Opinion, Science

The Dubai Company That Uses Fast Food Waste For Good

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