Know Your Customer or KYC is a legit regulatory process that is implemented by banking and financial institutions to verify the identity of a prospective customer who wants to open a new account with them. The entire process of establishing the identity involves a lot of paperwork and a tedious process that not only …
For most investments, these are uncertain times. But the dollar has been stretched in an interesting way. The dollar is currently hanging near levels it hadn’t seen in 20 years on the U.S. Dollar Index, which compares the dollar to six other significant currencies. It has increased by about 8% since the beginning of the …
Curated portfolios by India’s most acclaimed investment advisors & analysts Angel One has been at the forefront of offering a one-stop solution for any financial and investment needs of our clients. In line with this effort, we are excited to announce the launch of the smallcase Managers program. On the Angel One platform, we have …
India’s biggest insurance provider, LIC, is planning to go public with its IPO set to hit the bourses in the last month of this financial year. The buzz around this public issue is skyrocketing as it will be India’s largest IPO to date with a valuation of about Rs. 70,000 crores. On the eve of …
Free float refers to those shares you can trade publicly in the secondary market or the stock exchange. These are shares that any directors, founders, promoters, acquirers do not hold, and bodies with controlling interests, strategic stakes, or locked-in shares, do not have. They are available for retail and other investors trading on the stock …
Foreign portfolio investors (FPIs) have turned positive in January 2022 by pouring over Rs 3,117 crore into Indian markets. This is their first positive month since October 2021. Between January 1, 2022, to January 14, 2022, the foreign investors have infused over Rs. 1,850 cr in the equity market whereas more than Rs. 1,740 cr …
OYO Hotels and Homes, the once stand-out Indian startup, struggled during the pandemic, and it is now eyeing a $9 billion valuation with its public market debut. Backed by SoftBank Group, this company is likely to receive a green light from SEBI to float its IPO. It filed the DRHP last year but faced various …
HDFC Bank, a leading private sector lender, reported a standalone net profit of Rs 10,342 crore for the December 2021 quarter on January 15, up 18 percent year on year thanks to lower bad loan charges. The profit in the previous fiscal quarter was Rs 8,758.29 crore. In Q3FY22, net interest income increased by 13% …
Despite the bleak economy and rising concerns of the new variant of COVID-19, penny stocks continue performing well in the domestic equity markets. Shares of the textile company Digjam have topped the list of penny stocks with a rise of 5,935% in 2021. As of 1:32 PM 31 December 2021, it was trading at Rs. …
Diwali, the festival of lights, is amongst India’s most auspicious events. It holds a special place for everyone including the business and marketing communities. This implication means Diwali is generally a trading holiday. However, both the NSE and BSE make special allowances for a trading session in the evening. This trading session is known as …
