Finance

The Harshad Mehta scam is one of the most infamous financial scandals in India's history. Known as the “Big Bull of Dalal Street,” Mehta masterminded a scheme that shook the very foundations of the Indian financial system. With an estimated fraud amount of ₹4,000 crore (approximately $1 billion at the time), it’s crucial to understand how this scandal unfolded and its enduring impact. Keywords like "Harshad Mehta scam amount in rupees," "Harshad Mehta total scam amount," and "how much money was scammed in 1992" shed light on this financial debacle that changed India forever. Background: Harshad Mehta’s Rise Before the 1992 scam, Harshad Mehta was celebrated as a stock market genius. Coming from a humble background, Mehta worked his way up to become a renowned stockbroker. His strate...

The Pocketful trading app is a rising star in the Indian stock trading space, offering advanced tools and cost-effective solutions for traders. Whether you are an experienced trader or a novice exploring the world of investing, Pocketful aims to provide a seamless trading experience. This review delves into the platform’s features, pricing, advantages, drawbacks, and alternatives, while addressing common questions to help you make an informed decision. Key Features of Pocketful 1. Advanced Trading Tools Pocketful caters to options, algo, and swing traders by providing: Advanced Option Chain: Helps traders analyze and execute option strategies efficiently. Strategy Builder: Customizable tools to create and backtest trading strategies. Order Slicing: Breaks down large...

Ather Energy, a prominent electric two-wheeler firm, has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) for an initial public offering (IPO) on Monday. This development makes Ather the second two-wheeler EV maker to make its debut on the stock exchange, following Ola Electric's listing last month. Key Highlights of the IPO Ather Energy aims to raise funds through a fresh issue of equity shares aggregating up to Rs 3,100 crore (approximately $370 million) and an offer for sale (OFS) of up to 2.2 crore equity shares. GIC Ventures through its subsidiary Caladium Investment will divest 47.8% of the total offer for sale (OFS), while Tiger Global and 3 States Ventures will offload 18.1% and 2.18% of the offer for sale. Tarun Mehta a...

Swiggy, India's leading food delivery and quick commerce firm, is set to embark on a significant fundraising effort with a fresh issue of up to Rs 5,000 crore ($602 million) as part of its initial public offering (IPO). This decision comes on the heels of the company's strong financial growth, with revenue increasing by 36% year-on-year to Rs 11,247 crore in FY24, and a reduction in losses by 44% to Rs 2,350 crore in the same period. The IPO, which has been anticipated since April, is expected to be one of the largest this year, against the backdrop of several other notable startups from Delhi NCR and Bengaluru that have already made their stock exchange debuts. Bengaluru-based companies like Digit Insurance and Ola Electric have already listed this year. Swiggy's strong financial p...