SMC
Sitaram Denims India files IPO papers with Sebi
Sitaram Denims India Ltd plans to launch an initial public offering with two components. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds from the fresh issue will be used for various purposes including repayment of borrowings and working capital requirements. The company aims to set up a new garment manufacturing facility in Bhilwara to expand capacity.
New Zealand to remove 17 occupations from Green List Work to Residence pathway from March 2027
Effective March 8, 2027, New Zealand will revise its Green List Work to Residence visa pathways, eliminating 17 specific occupations. While these workers can transition to residency through fresh Skilled Migrant Category routes, special education teachers will notably have direct access to residency without needing prior work experience.
Air India Express flight crew's lapse probably led to runway incursion at Goa airport in April this year: AAIB
Air India Express flight crew failed to follow air traffic controller instructions during an incident at Dabolim airport. A Navy fighter jet was taking off when the Air India plane misinterpreted communication, leading to a runway incursion. The Aircraft Accident Investigation Bureau highlighted the need for improved communication procedures among air traffic controllers. Recommendations include crew counseling and better training for personnel involved in the incident.
Gold, silver prices crash up to 53% from January peak. Time to buy before Dhanteras, festive season?
Gold and silver prices have corrected sharply from their January peaks, raising questions about whether the fall offers a buying opportunity ahead of Dhanteras and the wedding season. Experts recommend staggered purchases over lump-sum investments, while highlighting interest rates, the US dollar, inflation and industrial demand as key drivers of prices.
Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's why
Mr. Gupta, a former employee of the State Bank of India, found himself facing an income tax notice concerning Rs 9.29 lakh in leave encashment. Unfamiliar with tax exemption limits at his retirement, he was initially distressed. However, the ITAT Jaipur later favored him, applying a vital Rs 25 lakh tax exemption for leave encashment retroactively.
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Ashish Kacholia portfolio: Ace investor adds 3 new stocks, trims stake in 13 companies in Q2
Ace investor Ashish Kacholia reshuffled his Rs 3,000 crore portfolio in Q2FY27, adding three stocks, increasing stakes in two companies and trimming holdings in 13 others. The changes include new bets on ESDS Software Solutions, Ardee Industries and Credent Connect N Care, while Fineotex Chemicals and Brand Concepts may have been exited.
High crude vs festive demand: Can consumption stocks withstand the oil shock?
As the festive season approaches in India, high crude oil prices stir worries over profit margins for companies across sectors like FMCG and apparel. With input and logistics costs rising, analysts indicate that while consumer spending could increase, the burden of elevated crude prices might pressure profit margins. Larger, established brands may adapt more easily than smaller firms, leaving a challenging equation between cost absorption and maintaining market position.
Global Market: TSMC third-quarter revenue jumps 50% as AI chip demand surges
TSMC reports record third-quarter revenue, beating estimates as surging AI demand drives strong growth in advanced chips, while the chipmaker prepares to provide a detailed outlook on earnings, capital spending and AI demand.
Half a dozen small hybrids getting ready for Indian launch
Automakers including Maruti Suzuki, Hyundai, Toyota and Renault are preparing around half a dozen small hybrid vehicles for India over the next 18-24 months, drawn by lower 18% GST on compact cars and tighter CAFE 3 norms. The sub-four-metre segment’s strong growth is also encouraging manufacturers to pursue affordable hybrids.
Sebi penalises SMC Global Securities for compliance lapses
Sebi has levied a penalty of Rs 1 lakh on SMC Global Securities due to regulatory infractions, particularly the mishandling of client order-placement records uncovered during an inspection. This examination, covering the period from January to September 2024, highlighted issues tied to unauthorized trading and the oversight of authorized representative Amit Lilhare's client transactions. SMC Global Securities operates under Sebi’s regulations and engages with various stock exchanges across India.
Suzuki to cut vehicle development time by half by 2030; India capacity target at 4 million
Suzuki Motor Corporation plans to halve vehicle development times by 2030 as it overhauls manufacturing and engineering processes, targeting 30% higher development efficiency and 50% greater factory productivity. The Maruti Suzuki parent also aims to raise India’s annual production capacity to 4 million vehicles from 2.9 million currently.
Maruti Suzuki India commissions 300 kW Green Hydrogen (GH2) electrolyzer plant
Maruti Suzuki India commissioned a 300 kW Green Hydrogen (GH2) electrolyzer plant, a pilot initiative, at its Manesar Facility. The project would help the firm maximise the use of its solar energy generated on-site. The Green Hydrogen produced would be blended with Natural gas to be used as process fuels in manufacturing operations. The auto-maker is in an advanced stage of setting up a 10 Tonnes Per Day (TPD) biogas plant at its Kharkhoda facility as well as recently approving 4 CBG projects, costing Rs 5,610 million. Parent company Suzuki Motor Corporation (SMC) has partnered with the National Dairy Development Board (NDDB) and dairy industry unions to set up 10 biogas plants across India
Didn’t get NSE IPO shares? Should you buy after listing, wait for a dip or bet on BSE?
NSE Shares: As the National Stock Exchange (NSE) emerges on the market, investors are presented with various investment avenues. Options include buying shares, waiting for strategic price dips, or exploring the rival BSE. Experts advise thorough assessment of market fluctuations and valuations. Long-term investors should consider a gradual approach to accumulating shares, taking into account NSE's dominance, while still evaluating BSE’s promising prospects and operational frameworks.
Kheria Autocomp, SpectraA Technology Solutions SME shares to list today: Check GMP, subscription and key details
SpectraA Technology Solutions is commanding a much higher grey market premium, while Kheria Autocomp is currently trading at a relatively modest premium in the unofficial grey market. GMP figures are unofficial and unregulated and may change before listing, so they do not guarantee the actual listing price.
Kheria Autocomp and SpectraA Technology Solutions SME IPOs open today: Check GMP and key details
Two NSE SME IPOs — Kheria Autocomp and SpectraA Technology Solutions — open for subscription on September 17 and will close on September 21. Kheria Autocomp’s Rs 46.44 crore issue has a GMP of Rs 10, indicating a potential 9.90% listing gain, while SpectraA has a much stronger Rs 50 GMP, implying a 42.37% gain. Kheria’s IPO is entirely a fresh issue of 45.98 lakh shares, with listing expected on September 24.
Retail investors pull Rs 5,674 crore from stocks, invest Rs 12,618 crore into IPOs in July-August
Indian retail investors sold equities in July and August. They then invested heavily in primary market IPOs during this period. This shift occurred after significant buying in the previous quarter. Analysts suggest this is a tactical allocation change for profit booking. Strong IPO activity and listing gains are attracting this capital.
Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full relief
Indian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and gives full relief. ITAT Jaipur’sSMC bench who heard this case composed of Annapurna Gupta, accountant memberand Kuldip Singh, judicial member.
NSEL settlement scheme: Sebi settles proceedings against 91 commodity brokers
Sebi has concluded its proceedings against ninety-one commodity brokers linked to the NSEL issue, allowing these firms to participate in a settlement scheme. Many brokers consented to temporary limitations on proprietary trading and onboarding new clients, with some remitting settlement fees of up to thirty-six lakh rupees. This move aligns with the directive from the Securities Appellate Tribunal regarding an orderly settlement process.
SME IPO jackpot or 50:50 gamble? 21 multibagger stocks mask a harsher reality
This year's SME IPO market in India offers a varied landscape for investors. While twenty-one stocks emerged as multibaggers, numerous others significantly lagged behind. The median return for investors is a modest 3.9 percent, underscoring that impressive gains are largely attributable to a handful of standout performers. As such, careful stock selection is essential for those venturing into the SME IPO segment.
Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fight
No ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaipur after 9 years fight. Know how Mrs Devi won the case in ITAT Jaipur.
IPO flood breaks 30-year record as 6 issues hit stock market on same day
The six issues, Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering, are collectively seeking to raise ₹4,509.68 crore.
BSE IPO index surges 35% in five months of FY27, hits record high on strong listings
The BSE IPO index reached an all-time high, surging 35% in five months. Its SME counterpart also jumped 55%, marking a strong performance for recent listings. These gains significantly outpaced the broader market indices like Sensex and Nifty. However, the rally was concentrated, with a few stocks driving most of the gains. Retail and HNI investors are favoring fresh growth stories over established large-cap companies.
Midcap Street party turns selective as 15 stocks power 50% of rally
Indian midcap and smallcap indices are near record highs currently. A few select stocks are driving most of these significant gains. This concentration indicates a selective rally rather than broad market health. Analysts suggest earnings growth and sector rotation are fueling this trend. Investors should focus on balance-sheet strength and selective stock picking.
Maruti Suzuki plans Rs 77,500 crore capex over 5 years to boost demand post-GST
Maruti Suzuki will invest Rs 77,500 crore in capital expenditure over five years. This significant investment aims to capitalize on anticipated demand momentum and industry expansion. The company expects the Indian car industry to grow substantially by 2031. Maruti Suzuki's current products are also compatible with E20 fuel. This plan represents a notable increase from previous investment announcements.
INDO SMC IPO to open with 24% GMP. Check price band, subscription and other details
INDO SMC's Rs 92 crore IPO opens Tuesday, with strong grey market interest indicating investor confidence. The company, a manufacturer of electrical and industrial products, aims to raise funds for plant expansion and working capital. With a price band of Rs 141-149, the issue is set to debut on the BSE SME platform on January 21.
Ashish Kacholia-backed Indo SMC IPO to open on January 13. Check GMP, price band, other key details
Indo SMC’s Rs 91.95 crore SME IPO, backed by Ashish Kacholia, opens January 13. The issue has a strong grey market premium and healthy order book, with proceeds aimed at plant expansion, working capital, and corporate purposes.
SMC approves setting solar panels to produce 540 KW of solar power
Standing committee of Surat Municipal Corporation (SMC) approved tenders of setting up solar panals on 12 different locations to produce 540 kilo watt of electricity at the cost of Rs 4.58 crore.
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