
Slowing NRI deposits shows new investment trends
According to economists, the slower growth rate in NRI deposits reflects evolving migration patterns, global economic uncertainties and a growing preference for investments outside traditional bank deposits.
'The slowdown in the growth of NRI deposits in Kerala shows that more people are looking for long-term investments in foreign countries. These include countries like Australia, the US, Canada, European countries and the Gulf,' said S Irudaya Rajan, former faculty at the Centre for Development Studies and Chairman of the International Institute for Migration and Development.
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Time of India
14 minutes ago
- Time of India
Chandigarh's vehicle scrapping policy stuck in 1st gear
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NDTV
14 minutes ago
- NDTV
Rs 295 Crore Spent On PM Modi's Foreign Visits From 2021 To 2024: Centre
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Economic Times
14 minutes ago
- Economic Times
NSDL IPO set to open on July 30, price band fixed at Rs 760-800. Check GMP ahead of issue, other details
NSDL IPO: NSDL shares are trading at a strong grey market premium (GMP) of 18.13%, or ₹145–₹155, ahead of its IPO set to open on July 30. NSDL IPO: NSDL revealed the price band for its IPO, setting it at ₹760–₹800 per share. The lot size is 18 shares, requiring a minimum investment of ₹14,400 for retail investors. The total issue size is estimated at ₹4,011.6 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The shares of National Securities Depository Limited (NSDL) are trading at a healthy grey market premium (GMP) of 18.13% or Rs 145-155 ahead of its initial public offering ( IPO ), opening on July today, NSDL announced the price band for the issue. The depository has fixed the price band at Rs 760–800 per share, with a lot size of 18 shares, amounting to a minimum investment of Rs 14,400 for retail investors. The total size of the issue is estimated at Rs 4,011.6 refers to the premium at which shares of an upcoming IPO are traded in the unofficial grey market before their official listing on the stock exchange. It indicates the difference between the IPO price and the price at which the shares are being bought or sold unofficially.A positive GMP indicates strong investor demand and the potential for listing gains, while a negative GMP suggests weak sentiment. Though commonly tracked by investors, GMP is speculative and not regulated by any IPO will consist solely of an Offer for Sale (OFS) of up to 5.01 crore equity shares by existing shareholders, which include IDBI Bank , NSE, Union Bank of India HDFC Bank , and SUUTI. NSDL will not receive any proceeds from the Bank is selling about 2.22 crore shares, NSE is selling 1.8 crore shares, while Union Bank is offloading 5 lakh shares in the is targeting a valuation of approximately Rs 16,000 crore through the IPO. The company initially filed its Draft Red Herring Prospectus (DRHP) with SEBI in July 2023 and later submitted an addendum in May 2025, reducing the issue size from 5.72 crore shares to 5.01 crore shares. NSDL IPO will open for public subscription on July 30 and close on August 1. Anchor investors can bid for the IPO on July 29. The allotment of shares will likely take place on August 4, with the listing tentatively scheduled for August a slowdown in primary market activity due to the broader market correction, NSDL's financial performance remains robust. In Q3 FY25, the company reported a 29.82% year-on-year increase in consolidated net profit to Rs 85.8 crore, while total income rose by 16.2% to Rs 391.21 crore.