Upcoming IPO – Roni Households Limited

Roni Households Limited is set to issue its Initial Public Offering (IPO). Find below the details of this company and its IPO. Company Description Roni Household Limited is a Jalgaon, Maharashtra Based Company which was incorporated in October 2017. The primary business of the company is trading of the plastic households. It trades in the products including plastic buckets, plastic tubes, ghamelas etc. This company is planning to enter into manufacturing of plastic households. It has proposed a manufacturing unit in MIDC Jalgaon and it has already taken land on lease for this purpose. As on 31-August-2018, the company has a total […]

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The Stir Amongst NBFCs: What Will Be the Impact on Small Institutions?

     Recent crisis of Infrastructure Financing and Leasing Services Ltd (IL&FS), a NBFC, has triggered so many future concerns. There are many fresh regulations are possible on NBFCs and other financial institutions. Will it cause any difficulty for big houses or it will hit badly the smaller financial companies? What is a NBFC? In India, according to the Companies Act, 1956, a Non Banking Financial Company (NBFC) is a company which is primarily engaged in loans and advances, acquisition of shares/stocks/bonds/debentures/securities, engaged in insurance business. This type of company can not open current and savings accounts and can not […]

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Market Cheering Up on Wednesday, IT, Tech Shares Top Runners

After fall in indices on Tuesday, market on Wednesday opened in green but they fell in red in next 30 minutes. However, the downfall was recovered shortly and both the indices are up around 1%. One hour before closing of Wednesday, the SENSEX is up by about 436 points and the NIFTY is up by about 150 points. Top gainers in BSE are Cummins India Ltd (+13.38%), Torrent Power (11.96), PNB Housing Finance (+10.78%). Top losers in BSE are Navin Fluourine Int (-5.98%), Indian Energy Exchange (-5.18%), Vakrangee (-4.94%). While in NSE, top gainers are Indiabulls Housing Finance (+7.85%), Tech […]

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Market Ends in Red on Tuesday Followed by Big Gain on Monday

Stock markets failed to continue the green line on Tuesday what they caught on Monday. SENSEX was closed down by 176.27 points and NIFTY closed down by 52.45 points. There was a major gain on Monday after long bleeding and it was up by around 2% in both the exchanges. But the same could not be maintained on Tuesday and even it was not closed in green. Amid the pressure due to domestic factors, both the indices remained in pressure whole the day. However, majority of sectoral indices ended up in a green, some sectors ended in red also. IT […]

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