Business News: Indian Economy, Economy Updates, Financial Updates, Companies Monopoly, Stock Share Market, Nifty & Sensex
Anand Rathi has fixed a price band of Rs 530 to Rs 550 per equity share for the IPO. The initial public offering (IPO) of leading non-bank wealth solutions company Anand Rathi Wealth was subscribed 3.02x on the second day of its issuance, according to subscription data from stock exchanges. Anand Rathi IPO opened on…
Ather Industries started with an R&D unit in 2013, and started commercial production in 2017. According to people familiar with the matter, specialty chemicals company Ather Industries plans to file preliminary documents for an initial public offering of Rs 1,000 crore next week. Kotak Mahindra Capital Company Limited and HDFC Bank Limited have been appointed…
PepsiCo says it has developed FC5 potato variety India has canceled a patent for a potato variety grown exclusively for PepsiCo Inc’s popular Lay’s potato chips, according to an order issued by the Plant Varieties and Farmers’ Rights Protection (PPVFR) authority on Friday. In 2019, PepsiCo sued some Indian farmers based in the western state…
SEBI chief said Indian investors are showing increased interest in ESG compliant companies Markets regulator SEBI is in the process of disclosing ESG (Environmental Sustainability and Governance) themes for mutual fund schemes, its chief Ajay Tyagi said on Friday. In addition, the regulator is examining the disclosure of aspects related to ESG in rating press…
Telecom operators are now required to provide a maximum financial BG of Rs 8.8 crore per circle, The Department of Telecommunications (DoT) has issued bank guarantees worth around Rs 9,200 crore to Bharti Airtel, Vodafone Idea and Reliance Jio deposited towards license fee and spectrum usage charges, official sources informed about the development. The move…
Tega Industries IPO subscribed 219.04 times on last day of issue Tega Industries’ initial public offering (IPO) was subscribed 219.04 times on the third and final day of its issue, as per subscription data from stock exchanges. The Kolkata-based leading maker’s IPO opened on December 1 and closed today, December 3 – open to investors…
Last month, RBI provided clarification on IRAC norms for banks, NBFCs The recent clarification by the Reserve Bank of India on non-performing advances (NPAs) could increase the bad loans of non-banking financial companies (NBFCs) by a third, a report said. Last month, the RBI had provided clarification on Income Recognition Asset Classification and Provisioning (IRAC)…
The Crypto Asset Bill proposes to restrict the use of crypto assets as a currency substitute or as a payment system for remittances. Sources told NDTV that the bill also proposes to set up a facilitating framework for distributed ledger technology and lay the foundation for the creation of an official digital currency to be…
Analysts said Indian equity benchmarks fell sharply and broke their two-day winning streak on Friday as investors posted profits following the recent move. Sensex fell up to 821 points and Nifty touched a low of 17,180 as losses in Reliance Industries, HDFC, Kotak Mahindra Bank, HDFC Bank, ICICI Bank and ITC. The Sensex ended 765…