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Kolkata: UPI has so long meant extreme comfort, convenience and speed of transactions. Now it is also paving the way for quick small loans. Major private sector banks such as HDFC Bank, Axis Bank, and Kotak Mahindra Bank are now preparing to rapidly expand credit payments through UPI. It will basically offer an UPI user to make payments for everyday expenditure through UPI on credit and without a (credit) card. The most significant point is that though NCPI (National Payments Corporation of India) introduced the feature in 2023, major banks are warming up to the feature right now. Only two smaller banks -- Karnataka Bank and Suryoday Small Finance Bank -- launched this facility. They offered it in association with Navi and Paytm respectively. A crucial step in this process is to ensure a first-level verification through the app and fintech startups such as Navi, Super.Money and SalarySe are ensuring this step enabling the bigger banks to step in. How many users so far? Industry...
Kolkata: Cryptocurrency is hardly out of the headlines, either for sharp appreciation, or for Donald Trump 's focus, or for sharp correction. But this was quite shocking -- that cybercriminals swindled 2,872 people of Rs 624 crore through 27 Indian crypto exchanges. And this could be just the proverbial tip of the iceberg. The process happened over 21 months. The investigation is far from over. Significantly, the amount of Rs 624 crore is not all. Over and above this sum, Rs 26 crore was sent through foreign crypto platforms. The government earlier sounded caution that crypto proceeds could be used for subversive activities since it represented money without borders. But this is a new danger altogether. Cybercrime is spreading its tentacles in the country and data collected by the Ministry of Home Affairs (MHA) has produced a clear picture of how numerous crypto exchanges in India and abroad have become the prey for cybercriminals to convert funds into digital assets and transfer...
Kolkata: Equity investors have been waiting eagerly to hear from market regulator Sebi on the IPO of NSE (National Stock Exchange). SEBI chairperson Tuhin Kanta Pandey has stated that the process of NSE IPO is progressing and added that a review of the LODR regulations has begun. LODR regulations refer to the Listing Obligations and Disclosure Requirements which govern listed companies in the country. These are of great significance since they lay out in detail the corporate governance standards, disclosure of material information and protection of investor interests that must be followed by listed companies in India. Pandey also said that they will circulate a consultation paper before long and clarity on the NOC for the NSE IPO will be provided in due course. The NSE IPO is waiting for the NOC from the regulator before proceeding to float its public issue. The issue was first proposed in 2016 but has been hanging fire ever since. NOC for NSE IPO The SEBI chairperson stated that the...
Kolkata: The prices of gold and silver, the two metals which were at the centre of a historic bull-run this year, is falling for the second day on the trot on Nov 18. The expectations of a rate cut by the US Federal Reserve, or US Fed, is ebbing, which could be leading to the depression in prices, analysts pointed out. Monday witnessed a small dip in the price of the two precious metals. On Nov 18, the decline became more prominent. Data from MCX (Multi Commodity Exchange) show that gold prices fell 1.30% at 9:01 am and reached Rs 121,331 per 10 grams. In other words, it means that every 10 gms of gold became cheaper by Rs 1,596. The price of the other precious metal, silver, also dropped by Rs 2,798 and reached Rs 152,514 per kg. The price of gold and silver in India depend on a variety of factors, both domestic and international. This round of decline in prices is also mirrored in the global market. Spot gold price fell 1.67% to trade at $4,012 per ounce. This decline is due to...
Kolkata: SaaS firm Capillary Technologies IPO has managed to garner subscription of 52% till the end of Nov, 17. It was subscribed 1.09 times in the retail category, 0.31 times in QIB (ex anchor) category and 0.56 times in the NII category. The public issue is designed to mobilise Rs 877.50-crore through a combination of fresh issue of 0.60 crore shares (aggregating to Rs 345.00 crore) and an OFS part (offer for sale) of 0.92 crore shares (aggregating to Rs 532.50 crore). The management was able to mop up Rs 394 crore from anchor investors, the company informed the bourses. As many as 21 firms participated in the anchor round and the list includes names such as SBI Mutual Fund (MF), ICICI Prudential MF, Kotak Mahindra MF, Axis MF, Amundi Funds, ValueQuest Investment Advisors, US-based PineBridge Investments and Hornbill Orchid India Fund. Capillary Technologies IPO GMP According to investorgain, the Capillary Technologies IPO GMP stood at Rs 29 in the morning of Nov 18. At this level,...
Kolkata: Today, Nov 18, is the date for allotment of the Fujiyama Power Systems IPO. This public issue was subscribed 2.18 times overall -- 0.98 times in the retail category, 5.24 times in QIB (ex anchor) category and 0.90 times in the NII category by the end of Nov 17, the last day of the bidding process. Though the GMP (Grey market premium) of Fujiyama Power Systems IPO stood at zero for the past few days, it climbed to Re 1.50 on Nov 17, which signals a rise in investor interest. Therefore, many applicants would be eager to know the allotment status. The GMP of Re 1.50 signals a listing gain of 0.66%. The upper end of the price band is Rs 228. The GMP on Nov 17 signalled a listing price of Rs 229. The allotment status can be checked online free of charge. It can be checked by a few simple online steps. One can do it both by visiting the website of the bourses where it will be listed and also via the registrar 's website. Let 's have a look at the steps an applicant needs...
Kolkata: Canara Bank can be an unsung hero on D Street. It is a public sector bank that has quite strong fundamental but appears undervalued. Most interesting, the government has major plans. The bank registered its highest operating profit in FY25 and net profit rose by more than 15% y-o-y. The gross NPA (non-performing assets) of the lender is 2.35% while net NPA is 0.54%. The asset quality is robust since the provision coverage ratio is 94%. (Provision coverage ratio of a bank is the ratio of a bank 's provisions for loan losses to its total NPA. The higher the ratio, the stronger the position of the lender. Share price of Canara Bank Canara Bank stock were trading at Rs 140.75 at the close of trade on Tuesday, November 11, 2025. The stock has gained close to 2.7% in the past one week, more than 30% in the past three months and more than 35% in the past one year. The market cap of the stock is Rs 1,27,596.85 crore (as of November 7, 2025). Canara Bank also recently announced a...
Kolkata: The shipbuilding industry is growing rapidly in India, propelled by both rising maritime trade and the defence sector. Accordingly, Garden Reach Shipbuilders, Cochin Shipyard and Swan Defence have the potential to turn out to be very big players. Let 's have a look at the three stocks. Swelling order books are a common factor which can ensure steady income for the next decade. Mazagon Dock has become the cynosure of investors ' eyes after delivering 30-fold returns in the past five years only. The stocks of Garden Reach Shipbuilders, Cochin Shipyard and Swan Defence have moved in the radar of many investors. Investors are now wondering, which stock will be the next Mazagon. Garden Reach Shipbuilders Kolkata-based Garden Reach Shipbuilders is one of the country 's leading shipbuilding companies. Its core competence lies in manufacturing small ships. So far the company has handed over 111 warships to the Navy and Coast Guard and as many as 40 vessels are under...
Kolkata: Mutual funds have become the preferred investment instrument for millions of Indians, mostly middle-class individuals. There have been many instances where individuals have taken out money from fixed deposits and invested it in mutual funds -- both in the lump sum and SIP (Systematic Investment Plan) mode. Barring one or two months, investments in mutual funds have gone up every month for more than the past two years. The AMCs that have floated these NFOs include Angel One, Bajaj Finserv, Bhandhan, DSP, Edelweiss, Frankline, Groww, HDFC, Helios, PGIM, Samco, LIC MF, Mirae and Kotak. The NFOs on offer also suit a number of investors -- these are from FoF to pure equity funds, index funds to sectoral and thematic funds. ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 ETF Objective: The investment objective of the Scheme is to replicate Nifty Total Market Momentum Quality 50 Index with an aim to provide returns before expenses, that track the total return of Nifty Total Market...
Kolkata: The IPO frenzy is going to ebb a little in the coming week as only two companies are going to hit D Street with the public issues. One is a mainboard IPO while the other is a SME one. These are Excelsoft Technologies IPO and Gallard Steel IPO. The amount that will be raised next week is also rather limited -- Excelsoft Technologies intends to mobilise Rs 500 crore and Gallard Steel wants to raise Rs 37.50 crore. Excelsoft Technologies IPO Excelsoft Technologies will launch its public issue to mop up Rs 500 crore. The bidding process will begin on Nov 19 and will close on November 21. The price band for this share is Rs 114-120. The issue will consist of both fresh shares and an OFS (Offer for Sale) segment. The OFS shares will come from Pedanta Technologies, the promoter company, which will sell shares worth Rs 320 crore. The retail investors have to apply for a minimum lot of 125 shares. Therefore, a retail investor has to invest at least Rs 15,000 for the smallest lot....
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