Tue, Nov 26, 2024 5:01 PM
IGL increase CNG prices in different locations except Delhi
A Flip by Avya Verma
To remove a regulatory arbitrage, the market regulator has said that valuation of all mutual-fund investments in repurchase (repo) transactions shall be done on a mark-to-market basis. Until now, these investments and bank deposits were valued at cost plus accrual basis, and only money market and debt securities of certain maturity were valued at mark-to-market basis.
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The initial share sale of Rajputana Biodiesel has attracted strong interest from investors, getting full subscription on the first day itself, November 26. It was subscribed 16.53 times with investors buying 2.28 crore equity shares against the offer size of 13.85 lakh shares. The biofuels and by-products (glycerine and fatty acids) maker is raising Rs 24.70 crore through its public issue.
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The S&P 500 will rise over 8% between now and end-2025 as U.S. interest rate cuts and potentially less regulation under President-elect Donald Trump extend the market's strong run, according to a Reuters poll of equity strategists. Continued U.S. economic health will boost earnings growth, and some strategists cited financials as among their top sector picks going into 2025.
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