Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
A day earlier, Ola Electric allotted 364 million shares worth Rs 2,763 crore to anchor investors at Rs 76 apiece, the top end of the price band
Following the latest hiring, CAM will have a nearly 130-strong capital markets team, one of the largest in the industry
Starting valuations remain vital to performance
Investors include SBI MF, Templeton, Amundi, Goldman Sachs
Call for fair treatment of domestic and foreign investors; review retrospective tax implications
Earlier this year, Tata Motors announced that it would form two separate companies, with one housing the commercial vehicles business and the other passenger vehicles businesses, including JLR
Share of index options up from 5% to 29% over past 4 years
Fewer options strike prices, reducing weekly expiries among steps proposed
According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic 2W registrations in FY24 to 41-56 per cent of domestic 2W sales volume by FY28
He believes this IPO is a key step in the company's long-term plan
Volume growth, vertical integration would be the main pillars for improving its margins, founder and CEO Bhavish Aggarwal told reporters on Monday
For instance, only 15 per cent of US households' assets are in banks, compared to 46 per cent in South Korea
Shares of Akums Drugs and Pharmaceuticals commanded a grey market premium of 25 per cent ahead of its initial public offering (IPO)
Due to ambiguity over the applicability of LTCG-which was reintroduced in 2018-several promoters and private equity (PE) firms have refrained from tax payments
In FY19, it was less than 10 per cent of the cash segment
Mallya, through an FII entity named Matterhorn Ventures, has indirectly trades in scrips of his group entities in India, thus concealing the true identity of his investments in securities market
Total fatalities decreased to 463 in FY23 from 587 in FY22 but still account for more than one death per day
It proposes to tax gains arising on transfer or redemption or maturity of unlisted debentures or bonds to be deemed as short-term capital gains
Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services
From October 1, the gross proceeds received on buyback of shares will be taxed in the hands of the shareholder as 'deemed dividend'