Author: Legal Parivar

GPT Healthcare had a solid debut, with its stock listing at a 16.2 percent premium to the IPO price on February 29, surpassing analysts’ expectations of a 5-percent premium. The stock opened at Rs 215 on the NSE and Rs 216.15 on the BSE, compared to the issue price of Rs 186. Prior to its debut, the stock was trading at a 9 percent premium in the grey market, an unofficial platform where shares are traded before IPO allotment and until listing day. Many investors monitor the Grey Market Premium (GMP) to gauge the potential listing price. The public issue,…

The domestic benchmark equity indices, Sensex and Nifty 50, experienced a significant downturn in Wednesday’s session, driven by heavy selling in PSU banks, realty, auto, oil, and gas stocks, amid a lack of clear direction. Analysts attribute this sharp fall to investors booking profits following substantial gains, coupled with increased volatility as traders roll over holdings ahead of Thursday’s F&O expiry. Furthermore, with 90 stocks trading lower and the Nifty Midcap index plummeting by over 1,000 points, concerns about market direction intensified. Factors Behind the Market Decline:

The CUET (UG) 2024 for the Academic Session 2024-25 will be conducted in a hybrid mode, allowing both Computer-Based Test (CBT) and Pen and Paper formats. Interested candidates can submit their online applications from February 27 to March 27. The deadline for online submission of the application form is March 26, 2024, until 11:50 PM. Payment through credit/debit card, net banking, or UPI should be completed by March 26, 2024, before 11:50 PM. Applicants will have the opportunity to make corrections in their particulars from March 28 to March 29, 2024, until 11:50 PM. CUET (UG) – 2024 will be…

The initial public offering (IPO) of GPT Healthcare, a prominent hospitals chain and healthcare services provider, concluded on February 26 with an impressive response from investors. The IPO was heavily oversubscribed during the bidding period from February 22 to February 26. With the IPO allotment finalized, all attention is now on the listing of GPT Healthcare IPO, scheduled for February 29, Thursday. Grey Market Premium (GMP) analysis indicates a positive sentiment towards GPT Healthcare shares. The GMP today stood at ₹17 per share, suggesting an estimated listing price of ₹203 apiece, representing a premium of 9.14% over the issue price…

Bitcoin continued its upward surge for the fifth consecutive day on Wednesday, approaching the $60,000 mark. The rally was fueled by increased investment in new U.S. spot bitcoin exchange-traded products, resulting in a 39.7% surge in February. If sustained, this would mark Bitcoin’s largest monthly rally since December 2020. As of the latest update, Bitcoin was up by 4.4% at $59,259, reaching its highest point since December 2021. Meanwhile, Ether also experienced gains, rising by 2.2% to $3,320, reaching another two-year high. Investors have been flocking to Bitcoin in anticipation of April’s halving event, a process aimed at slowing down…

Noida Authority is poised to enable the registration of more than 13,000 flats across various stalled projects, as 35 real estate developers have stepped forward to settle their dues under the Uttar Pradesh government’s rehabilitation package for stalled projects. According to officials, out of the 57 developers involved, 35 have agreed to pay the initial 25 percent of their total dues, which have been recalculated following the implementation of the rehabilitation package benefits. “The well-being of homebuyers is our utmost concern at the Authority. Consequently, we have been engaging in discussions with developers of stalled projects to encourage them to…

Kotak Mahindra Bank has recently increased its fixed deposit interest rates across various durations. The adjustments now offer rates ranging from 2.75% to 7.40% for regular customers on deposits maturing in periods ranging from seven days to ten years. Previously, the bank provided rates of 2.75% to 7.25% on fixed deposits maturing within the same time frame. Fixed Deposits (FDs) or Term Deposits are essential investment tools provided by Kotak Mahindra Bank, offering a variety of tenures with attractive rates of return. Notably, the bank now offers the highest FD interest rate of 7.4% on deposits maturing in 390 days…

The Congress-led government in Himachal Pradesh is currently embroiled in significant political turmoil following the victory of the opposition BJP party in the state’s lone seat during the Rajya Sabha elections held on Tuesday. The Congress administration faces a critical juncture as six MLAs have reportedly switched sides and are believed to be in contact with the BJP. Compounding the challenges for the Congress, former Chief Minister Vikramaditya Singh has also tendered his resignation from the Sukhvinder Singh Sukhu cabinet. In response, senior Congress leaders including former Chief Minister Bhupinder Singh Hooda and Karnataka Deputy CM DK Shivakumar have hurried…

The resignation of Vikramaditya Singh from the council of ministers in Himachal Pradesh has exacerbated the turmoil within Chief Minister Sukhvinder Singh Sukhu-led Congress government in the hill state. This development follows a significant event where at least six Congress MLAs engaged in cross-voting during the Rajya Sabha elections, resulting in the unexpected defeat of Congress leader Abhishek Manu Singhvi to Bharatiya Janata Party’s Harsh Mahajan. These consecutive incidents have once again highlighted the rift between the factions within the Himachal Pradesh Congress, one led by Chief Minister Sukhwinder Singh Sukhu and the other by Pratibha Singh, a Lok Sabha…

The Central Bureau of Investigation (CBI) has issued a summons for Samajwadi Party President Akhilesh Yadav to appear as a witness tomorrow, February 29, in the illegal mining case in Uttar Pradesh. Akhilesh Yadav, the Chief of the Samajwadi Party, strongly criticized the BJP on Wednesday, alleging that the party is feeling threatened by the INDIA bloc and is actively destabilizing other political parties. Yadav has pledged to take action against rebel MLAs who engaged in cross-voting for the BJP during the recent Rajya Sabha elections.