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Nithin Kamath recalls falling for a pyramid scheme, warns retail investors against 'easy money' promises
Zerodha co-founder Nithin Kamath shared his past entanglement with a pyramid scheme in his late teens, emphasizing that wealth building requires no shortcuts. He warned against schemes promising unusually high returns, noting that many continue to operate in India despite growing financial awareness. Kamath cautioned that making money in the stock market isn't easy and urged people to avoid referral-based money-making schemes, calling them almost invariably fraudulent.
How Trent became an investor darling under Noel Tata
Under Noel Tata's leadership, Trent transformed from a single-store retailer into one of India's most valuable retail companies. The journey saw the Tata Group firm expand across formats, deliver consistent growth and emerge as a favourite among investors.
IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option
The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.
Bandhan Bank raises FD rates by up to 20 basis points
Bandhan Bank has boosted fixed deposit interest rates by up to 20 basis points, with senior citizens now earning a competitive 7.95% on select tenures. This move comes as other banks also adjust their deposit offerings, even with the RBI holding the repo rate steady. The bank aims to attract more retail deposits with these revised, attractive rates.
Trent rallies after mgmt flags potential growth outlook in 47th AGM
Trent jumped 4.18% to Rs 3273 after the company's management outlined its long-term growth strategy for its fashion and value-retail businesses at the 47th annual general meeting (AGM).
5 stocks bought by FIIs, MFs and retail investors rally up to 60% in 6 months
Around 22 stocks with a market capitalisation above Rs 3,000 crore saw a rare alignment, with FIIs, mutual funds and retail investors all increasing their stakes compared with the previous quarter.
CreditAccess Grameen Shares May Rally 28%, Says ICICI Securiteis — Check Key Triggers, Target Price
The brokerage highlighted that CreditAccess Grameen is undergoing a structural transition from a pure microfinance institution (MFI) to a rural-focused retail finance platform, aimed at increasing wallet share and diversifying its loan book.
Angel One, CAMS and ICICI AMC among JP Morgan's preferred bets on India's SIP boom
JP Morgan has initiated coverage of India’s capital markets sector with a bullish outlook, citing resilient SIP inflows and rising retail financialisation. The brokerage prefers Angel One, CAMS and ICICI AMC, while staying cautious on BSE, KFin, CDSL and MCX despite strong recent stock performance.
IRFC share price falls 5% as OFS opens for non-retail investors today. Check details here
IRFC share price opened at ₹94 per share today, as compared to previous close of ₹98.67 on Tuesday.
Knack Packaging IPO: Price band set at ₹161-170 per share; check key dates, issue details
Knack Packaging's IPO ranges from ₹161 to ₹170, open for subscription from July 1-3. The lot size is 88 shares, with a distribution among QIBs, NIIs, and retail investors. Listing on BSE and NSE anticipated on July 8.
IRFC shares fall 5% as OFS opens for non-retail investors; Check floor price and other details
At the end of the March quarter, the government held 84.65% stake in IRFC. Retail shareholders a 9.68% stake in the company, as per data available on the stock exchanges.
IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know
IRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims to boost the stock's free float and liquidity. The sale, part of the Centre's divestment drive, follows similar offerings in other public sector undertakings. Despite a significant year-to-date fall, IRFC remains popular with a large retail investor base.