The Chetana Education IPO allotment will be finalised on Monday, July 29. A share of Chetana Education Limited will be listed on the NSE SME platform Emerge. The IPO listing date has been tentatively fixed as July 31.

Ujjivan Small Finance Bank was trading lower by over 1% on Thursday after the bank reported a 7% YoY decline in Q1 net profit. The bank’s total income grew by 21% YoY while net interest income saw an 18.66% YoY growth.

Shares of Sobha Ltd fell over 3% in trade today after a block deal saw 5% equity changing hands. Media reports said the seller was Anamudi Real Estate, a Godrej Group company that owned 10% in Sobha.

On Friday, gold futures on the MCX saw gains of nearly 0.4% while silver was trading flat. Base metals were mixed while crude oil and natural gas declined. Investors will have their eyes on the U.S. PCE price index data on Friday to get a hint about the future interest rate cuts.

The frontline indices started the morning session positively and continued to gain throughout the day to close at record high levels. NIFTY50 made a new lifetime high today, which was led by Infosys, Bharti Airtel and ICICI Bank. The Nifty Bank index closed up by 0.80%. The India VIX closed down by 2.93%.

Paytm Payments Services Ltd applied for a licence with the Reserve Bank in November 2020 to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, the RBI rejected PPSL's application in November 2022.

Kotak Mahindra Mutual Fund introduced the Kotak Nifty Midcap 50 Index Fund on July 25, 2024. This open-ended index fund seeks to mirror the performance of the Nifty Midcap 50 Index, providing returns aligned with the index. The minimum investment is ₹100, with the NFO closing on August 8, 2024.

Mphasis has announced a ₹55 dividend for its shareholders, payable on August 24, 2024. This is the highest-ever dividend of the Indian IT MNC, with an above-industry yield of 2.3%. The company, with a strong history of dividends, paid ₹50 per share in July 2023. Despite a 3.7% revenue drop in FY24, Mphasis secured significant deals and aims for 14.6% to 16.0% EBIT margins in FY25.

In two separate notifications, SEBI said the 'unit-based employee benefit scheme' would be like the employee unit option scheme. Employee unit option scheme refers to a scheme under which the investment manager grants unit options to its employees through an employee benefit trust.

Stock market investors consistently aim to anticipate the outcomes of major events like general elections and take strategic positions in the market in advance. After the election results, investors adjust their investments based on the outcome and the extent to which their expectations are met. In the event of surprises, they reassess the situation and realign their strategies based on the new reality.

The Finance Ministry is seeking public opinion on a draft bill to replace the 80-year-old Central Excise Act, which came into force in 1944. The new bill is likely to be passed in the upcoming budget session. Replacement of the archaic bill will ensure ease of doing business and bring more transparency.