Manking Personal Finance Easy
(Bloomberg) — In 2022, after the Federal Reserve began raising interest rates at the fastest pace in decades, some leading U.S. companies pledged to reduce their debt burdens. Those days may now be over. BBB-rated companies increased their share buybacks in the latest quarter for the first time since early 2023 and accelerated capital expenditure…
Foreign portfolio investors (FPIs) grew jittery and continued selling last week, offsetting strong net buying in the first two weeks of December. However, December net FPI investments remained positive at ₹21,789 crore as on December 20, depositor data showed. However, the latest monthly figures (till December 20) contrast with the heavy equity outflows by these…
Just hours after Transrail Lighting started accepting bids on Thursday, Transrail Lighting’s IPO was fully subscribed, closing Day 2 on Friday with a 5.31x subscription. The share allotted to retail retail investors (RIIs) saw a subscription rate of 6.90 times, while the non-institutional investor category saw 7.23 times subscription. The allocation for Qualified Institutional Buyers…
Apollo tires (€532.50) At the top of a range Apollo Tires stock spiked in February after facing a barrier of ₹555. Since then, it has mostly traded in the wide range of ₹465-555, barring a brief move to a high of ₹584.65 in September. So to get any certainty about the next big price swing,…
Customers wait in line to check out at a Costco store on December 11, 2024 in Novato, California. According to a report from the Bureau of Labor Statistics, the consumer price index rose 0.3 percent in November to a 12-month inflation rate of 2.7 percent, 0.1 percentage point higher than in October. | Photo credit:…
Dividend, bonus, stock split: Vedanta Limited will trade ex-dividend next week and NMDC will trade ex-bonus from Monday, December 23, 2024, according to BSE. According to BSE data, some of the major companies have announced various corporate actions including stock splits, bonus issues and extraordinary general meetings (EGM). The day on which the stock price…
The Employees’ Provident Fund Organization (EPFO) provides an online facility for submission of payroll data by employers for higher wage pensions. The EPFO has extended the date for submitting payroll data to January 31, 2025. “A last chance is being given to the employers till January 31, 2025 to ensure that employers process and upload…
Over the past almost two years there has been a flight to small cap stocks, evidenced by rising shareholdings in such stocks by retail investors and mutual funds, partly due to increasing inflows into small cap funds and partly due to restrictions on derivatives trading . According to HDFC Securities, retail equity holdings in Nifty…
Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer, on December 21, 2024. | Photo credit: PTI Finance Minister Nirmala Sitharaman said on Saturday (Dec 21, 2024) that the states do not agree to bring aviation turbine fuel under the ambit of Goods and Services Tax. “States did not…
Market veterans and several fund managers from some of the largest Indian fund houses believe that the Indian stock market remains well positioned for growth despite global challenges and risks posed by persistent inflation and high interest rates. Most of them believe that the slowdown in the Indian economy, which has occurred in the first…
