Manking Personal Finance Easy
The Securities and Exchange Board of India recently came out with a consultation paper to open a new trading tool for retail investors – Algo trading. Algorithm trading or algo trading offers significant benefits of timed and programmed order execution. Currently, mechanisms such as the Direct Market Access Facility exist, which allow institutional investors to…
Foreign investors dumped local stocks for the fourth day in a row on Friday, sending the major Nifty 50 and Sensex indices to their biggest weekly decline in 30 months. This, and heavy selling by retail customers, caused investor wealth to plummet ₹8.75 trillion in one day. Indian markets were part of an ongoing sell-off…
Ninety-one companies have raised ₹1.29 lakh crore through qualified institutional placements (QIPs) this year, a record for any calendar year. This is 2.5 times the amount raised in CY23 and 1.6 times the amount raised in CY20, the previous best cleanup. According to a report by Motilal Oswal Financial Services, the top 10 companies have…
Unimech Aerospace IPO: The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited is all set to hit the Indian primary market on December 23, 2024. Foreign and domestic institutions that participated in the anchor included Goldman Sachs India Equity Portfolio, ICICI Prudential Transportation and Logistics Fund, Tata India Innovation Fund, Motilal Oswal, Edelweiss…
Freshworks founder Ratna Girish Mathrubootham has sold shares worth $40 million on the Nasdaq, according to the company’s filing with the U.S. Securities and Exchange Commission. The sale took place on Dec. 18 and 19, the filing said. On December 18, Mathrubootham sold 8.35 lakh shares worth $14 million. According to the filing, he sold…
The National Stock Exchange (NSE) on Friday, December 20, announced the exclusion of futures and options (F&O) contracts for 16 securities. As of February 28, 2025, no new expiration contracts will be introduced for these securities. The affected securities include Abbott India, Atul Ltd, Bata India, Can Fin Homes, Coromandel International, City Union Bank, Gujarat…
The Indian Tea Association (ITA), the oldest organization of tea producers in the country, on Friday welcomed the US Food and Drug Administration’s recognition of tea as a ‘healthy’ beverage and said this recognition is in line with the growing body of scientific evidence that the supports health benefits. of tea. “The Indian Tea Association…
Bitcoin extended its decline from this week’s record high to nearly 15 percent as aggressive signals from the US Federal Reserve prompted traders to sell assets that have more than doubled this year. The native cryptocurrency fell as much as five percent to $92,600 on Friday morning in New York, after setting an all-time high…
The outlook for soybeans looks bleak in 2025 given record high Brazilian production, weak Chinese demand shares, uncertainty over U.S. biofuel policy and the potential for escalation in U.S.-China trade tensions, analysts say. The development does not bode well for Indian soybean farmers, who are currently getting prices lower than the minimum support price of…
Bitcoin tax case: An ex-employee of Infosys recently won a case against the Income Tax Department after the Jodhpur Income Tax Tribunal (ITAT) decided that the cryptocurrency (Bitcoin) sold by the individual was a capital asset. The ITAT also ruled that the Bitcoin investment was funded from the individual’s salary income from Infosys. The ITAT…
