Business

Two IPOs from the SME (Small and Medium Enterprises) segment are making waves in the grey market, with both seeing an impressive Grey Market Premium (GMP) of over 30%. These IPOs, which are currently open for subscription, could provide substantial gains to investors on listing. 1. Gabion Technologies India The IPO of Gabion Technologies India opened for subscription on January 6, 2026, and will close on January 8, 2026. With an issue size of ₹29.16 crore, the company is issuing fresh shares, and the price band for the offer is ₹76 to ₹81 per share. It is expected to list on the BSE SME platform on January 13, 2026. Grey Market Performance: This IPO was over-subscribed by 60 times on January 6, and by the afternoon of January 7, it had exceeded a 100 times subscription. The...

Shares of Tata Group company Titan Company Ltd surged sharply on Wednesday, defying the broader market weakness to hit a fresh all-time high. The stock jumped nearly 5%, driven by strong business growth and robust festive demand, delivering massive gains to veteran investor Rekha Jhunjhunwala. Titan shares rose 4.8% on the BSE to touch a record high of ₹4,309. The rally came even as benchmark indices remained under pressure, highlighting strong investor confidence in the company’s growth prospects. Rekha Jhunjhunwala, wife of late legendary investor Rakesh Jhunjhunwala, holds a 5.32% stake in Titan. The sharp rise in the stock added an estimated ₹20,000 crore to the value of her holdings in a single trading session. Strong Business Performance Fuels Rally The surge in Titan’s s...

As more people plan to buy their own homes in 2026, home loans are set to remain the preferred financing option. However, borrowers often focus only on interest rates and overlook several hidden charges that can significantly increase the overall cost of a home loan. From processing fees to insurance add-ons, these charges can quietly drain your finances if not understood in advance. According to experts, being aware of these costs and negotiating wherever possible can help borrowers save a substantial amount over the loan tenure. 1. Processing Fees Every home loan begins with a processing fee, which covers administrative, legal, and documentation-related expenses. Banks charge this fee for evaluating applications, verifying documents, and conducting credit checks. Typically, proc...

Domestic equity markets extended their losing streak for the third consecutive day on Wednesday, as sustained selling pressure, global uncertainties and weak cues from overseas markets weighed on investor sentiment. Over the last three sessions, the BSE Sensex has fallen by more than 1,100 points, while the Nifty 50 has slipped close to 1%. What initially appeared to be a mild correction has now turned into a broader phase of weakness, with markets remaining in the red throughout the week. Analysts point to four major factors behind the ongoing decline. 1. Heavy Selling in Index Heavyweights Persistent selling in large-cap stocks has played a crucial role in pulling the market lower. On Wednesday, shares of HDFC Bank declined 1.7%, while Reliance Industries slipped 0.4%. Trent als...

Venezuela may be sitting not only on the world’s largest proven crude oil reserves but also on a massive hidden stockpile of Bitcoin, according to market experts. Estimates suggest that the Maduro government could be holding Bitcoin worth nearly $60 billion (around ₹5.4 lakh crore), raising concerns about potential turbulence in the global cryptocurrency market. Following reports of a US operation in Venezuela and the arrest of President Nicolás Maduro and his wife, global attention has shifted to the country’s strategic assets. While Venezuela’s oil reserves of about 303 billion barrels are well documented, speculation is growing about its alleged crypto holdings. According to CNBC, analysts warn that if such a large volume of Bitcoin were to be seized or sold, it could have a signi...

Even as the broader equity market witnessed a decline, shares of National Aluminium Company Limited (NALCO) surged to a fresh 52-week high on Wednesday. The stock has gained nearly 14% over the last four trading sessions, reflecting strong investor confidence in the state-owned Navratna company. On the BSE, NALCO shares rose up to 3% to touch ₹357.50, marking their highest level in a year. The sharp rally comes at a time when global aluminium prices have climbed to multi-year highs, significantly improving the outlook for aluminium producers. Global Aluminium Prices Drive Optimism The primary catalyst behind the rally is the sharp rise in aluminium prices in the international market. Aluminium prices on the London Metal Exchange (LME) have crossed the $3,000 per tonne mark for the...

New Delhi: India, the fastest-growing economy in the world, has also seen a rapid rise in the income levels of its citizens. In the Assessment Year 2025-26, the number of millionaire taxpayers has increased sharply, with a growth of over 20% in the top four income categories. As of December 31, the deadline for filing belated and revised Income Tax Returns (ITRs) for this year has ended. While the overall number of taxpayers filing returns has shown a marginal increase compared to last year, the number of millionaires in the taxpayer base has seen a significant boost. Between April 1 and December 31, around 9 crore ITRs were filed, compared to 8.92 crore last year, reflecting a modest increase of 1.22% in total taxpayers. According to a report by Hindu Business Line, the number of ta...

Mumbai: India’s largest bank, the State Bank of India (SBI), has awarded a major contract to CMS Info Systems Limited (CMS) to manage cash and provide related ATM services. The contract, valued at ₹1,000 crore, spans 10 years and covers around 5,000 SBI ATMs across the country. According to reports, the contract starts January 2026. Under this agreement, CMS will ensure that SBI ATMs remain operational, adequately stocked with cash, and efficiently managed. This is expected to benefit millions of customers by reducing downtime and ensuring seamless access to banking services. This marks the first time a large public-sector bank in India has outsourced such a significant portion of its ATM operations directly to a private company. About CMS Info Systems:CMS Info Systems provides lo...

Many people consider a higher salary to be the ultimate measure of luxury. However, when comparing salaries between different cities, the cost of living often makes a significant difference. So, if you were offered ₹1.31 crore annually in London or ₹45 lakh in Bengaluru, which one would you choose? A comparison of salaries and living expenses by an Indian engineer is giving many professionals a fresh perspective on the real cost of living in these two cities. Vaibhav Agarwal, a tech engineer based in Bengaluru, recently shared his analysis on LinkedIn, comparing a salary of ₹45 lakh per year in Bengaluru with £108,000 (₹1.31 crore) in London. His calculations show that just looking at salary figures doesn't fully explain the differences in living conditions, daily expenses, and lifestyl...

Venezuela, home to the world’s largest oil reserves, witnessed a dramatic surge in its stock market following the recent arrest of President Nicolás Maduro by the United States during a military operation. On the heels of this event, the Venezuela IBC Index surged by an impressive 50% in a single day, sparking political and economic shifts within the country. This surge comes as a major geopolitical development that has had a ripple effect on the stock market. Since December 23, the index has increased by 148%, coinciding with mounting pressure from U.S. President Donald Trump on Maduro's government. This significant pressure led to major gains in the stock market, with the index climbing 16% on Monday, 22% on December 29, and 7% on January 2. Over the past year, the index has delivered...