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Mumbai: A clutch of global and domestic institutions is lining up for the anchor book of Tata Capital's ₹15,512 crore initial public offering, the biggest share sale of 2025. Morgan Stanley, Goldman Sachs, Amansa Capital, Norges Bank, Life Insurance Corporation of India, ICICI Prudential Mutual Fund and HDFC Mutual Fund are among the dozen firms that have shown interest, according to bankers familiar with the matter. The anchor book is scheduled to open on october 3. Email queries to Tata Capi ...Read More >
Mumbai: LG Electronics will raise ₹11,500 crore through an IPO that will be open for subscription from October 7, according to the red herring prospectus (RHP). The issue, which will close on October 9, will comprise an offer for sale of 10.18 crore shares by the Korean parent, amounting to 15% of the company's equity. On September 8, ET had reported that LG Electronics planned to launch its IPO in October. Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India, and Citigro ...Read More >
Mumbai: The market for unlisted shares, long seen as a sure bet, is facing a reality check. In recent months, marquee names such as Tata Capital and HDB Financial Services have set initial public offering (IPO) price bands significantly below their unlisted market levels, denting investor sentiment and forcing a rethink on how companies are valued in this unregulated space. These instances have dried up the demand for even some of the most popular unlisted companies, while their shares have mos ...Read More >
Guwahati: The Centre has sent an official request to the authorities in Singapore for a Mutual Legal Assistance Treaty (MLAT), in connection with the investigation into the death of singer Zubeen Garg. In a post on X, Assam CM Himanta Biswa Sarma said, "Ministry of Home Affairs has now formally invoked the Mutual Legal Assistance Treaty (MLAT) in connection with the FIR lodged by Assam Police regarding the unfortunate demise of our beloved Zubeen." Zubeen died during a yacht trip in Singapore o ...Read More >
Mumbai: Anil Agarwal-led Vedanta Ltd on Tuesday said it has extended the deadline for its demerger to March 2026, from the earlier deadline of September 30, 2025, citing pending approvals from the NCLT and other government authorities. The deadline was earlier extended from March 31 this year to September 30. Vedanta had earlier said that the demerger, when concluded, will allow it to operate its business verticals as standalone companies, helping it unlock greater value and improve operational ...Read More >
New Delhi: The Directorate of Enforcement (ED) has provisionally attached ten immovable properties valued at ₹15.41 crore in Kolkata and Howrah as part of its probe into an alleged GST fraud spanning three states and involves 135 shell companies. The attached assets belong to one Amit Gupta, one of the alleged masterminds of the fraud, the ED said in a statement Tuesday. The agency's Ranchi zonal office had launched an investigation based on multiple complaints filed by the Directorate General ...Read More >
Srinagar: Curfew was relaxed for seven hours from 10 am in Leh on Tuesday. Mobile internet services will remain suspended in Ladakh till October 3, as per the latest communication of the ministry of home affairs (MHA). Curfew was imposed in Leh town on September 24 evening following violent protests during a shutdown called by the student bodies while they were pressing for statehood and extension of the Sixth Schedule to Ladakh. Four people were killed and scores of others injured in the clash ...Read More >
New Delhi: Higher spending and lower net tax collection widened the Centre's fiscal deficit up to August in this financial year to 38.1% of the annual target, compared with 27% a year before, showed the official data released on Tuesday. In absolute terms, the fiscal gap stood at ₹5.98 lakh crore until August, against ₹4.35 lakh crore a year before, the data showed. The Centre front-loaded its spending this fiscal, especially on capital projects, to support economic growth, unlike in the initi ...Read More >
New Delhi: The Asian Development Bank (ADB) on Tuesday projected India's economic growth at 6.5% each for this fiscal year and the next. The latest forecast for FY26 is unchanged from ADB's Asian Development Outlook (ADO) in July when the multilateral lender pared India's growth to 6.5% from 7% estimated in April due to the impact of newly-imposed US tariffs on Indian goods. The FY27 estimate marks a cut from 6.7% estimated in July. ADB noted India's strong 7.8% growth in Q1FY26 but warned that ...Read More >
New Delhi: The Indian economy needs to grow by 12.2%, on average each year, about twice its current pace, to address underemployment (jobs that do not fully utilise a person's skills), according to Morgan Stanley. To maintain a stable unemployment rate, India requires an average gross domestic product (GDP) growth of 7.4%, assuming participation rates stay constant, the report said. If participation rate rises to 63%, the growth needed jumps to 9.3%, it added. According to official data, the la ...Read More >
New Delhi: The government is keeping a close watch on e-commerce platforms and has pulled up some firms for raising prices of some packaged items after the rollout of the two-slab Goods and Services Tax (GST) structure, an official said Monday. "There were complaints about some ecommerce platforms not passing on the GST cuts, "the official said, adding that authorities are keeping a close tab on whether companies had passed on tax cut benefits to consumers or not and were informally taking it u ...Read More >
New Delhi: The government on Tuesday extended a key export support measure-the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme-by six months till March 2026, providing relief to exporters facing strain due to higher US tariffs. The scheme was to end on September 30. The US is a key market for Indian exports. The Directorate General of Foreign Trade (DGFT), in a notification, said advance authorisation holders, export-oriented units and entities in special economic zones will ...Read More >
Kutch (Gujarat), September 30, 2025, (ANI): The auspicious festival of Sharadiya Navratri is currently being celebrated. In Kutch, Gujarat, people are honouring the festival with Garba dance performances themed around "Operation Sindoor." A large number of devotees participated, donning colourful traditional attire for the occasion. Men, women, and children gathered at the pandal, wearing various costumes as they performed Garba based on the theme. Many participants wore saffron-colored outfits ...Read More >
New Delhi: Consumer Affairs Secretary Nidhi Khare on Monday said the government's National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST since the implementation of reduced taxes. "Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action," Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is cl ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
Mumbai: Purchases of Indian bonds by overseas investors slowed in September after rising over the past two months as a fall in the rupee made investors cautious. The rupee, which is the worst performing currency among in Asia this year, has been under pressure mostly through September on mounting worries of higher US tariffs. On September 23, it fell to a fresh record low of 88.7975 per dollar. A weak rupee erodes returns for foreign portfolio investors. Net inflows in the fully accessible rou ...Read More >
Mumbai: Tata Capital, among the top three diversified financial services companies owned by India's largest conglomerate, will consider a fresh round of dilution in equity only after two-and-a-half to three years, a top official at the Tata Group entity said. The proposed ₹15,512-crore IPO, which will open for subscription early next week, will result in an 11.21% dilution in the promoter's stake. Tata Group owns 95.8% in the company, and of this Tata Sons holds 88% stake. The proposed IPO is t ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
New Delhi: An eight-member NDA delegation, led by BJP MP Hema Malini, will visit Karur in Tamil Nadu to look into the circumstances that led to a stampede during a TVK rally on September 27 and also meet the affected families. The BJP, which usually sends its own party leaders for investigation to places of such tragic incidents, has this time constituted an NDA delegation, comprising MPs from its allies Shiv Sena and TDP. The delegation constituted by BJP president JP Nadda includes Shiv Sena' ...Read More >
New Delhi: The Canadian authorities on Monday listed the Lawrence Bishnoi gang as a terrorist entity. "Specific communities have been targeted for terror, violence and intimidation by the Bishnoi gang. Listing this group of criminal terrorists gives us more powerful and effective tools to confront and put a stop to their crimes," Canada's public safety minister Gary Anandasangaree said. A terrorist listing in Canada gives the federal government the power to freeze or seize property, vehicles an ...Read More >
New Delhi: Boosting sub-regional connectivity and cross-border economic activity, India on Monday announced two new rail links - Kokrajhar-Gelephu (Assam) and Banarhat-Samtse (West Bengal) - between India and Bhutan at a cost of ₹4,033 crore. These two projects are part of the first set of rail connectivity projects between India and Bhutan, foreign secretary Vikram Misri announced at a press conference that was also addressed by the railway minister. The MoU for these projects was signed durin ...Read More >
New Delhi: Kerala's ruling Left Democratic Front (LDF) and opposition United Democratic Front (UDF), both members of the INDIA bloc, on Monday joined hands to pass a resolution unanimously in the legislative assembly against the Election Commission of India (ECI)-proposed special intensive revision (SIR) of electoral rolls in the state ahead of the upcoming local body and assembly elections. The pro-SIR BJP and its allies have no presence in the Kerala assembly. Chief minister Pinarayi Vijayan ...Read More >
New Delhi: Cash-strapped Vodafone Idea (Vi) has filed a plea in the Supreme Court, seeking waiver from paying interest, penalty and interest on penalty on adjusted gross revenue (AGR) dues demand raised by the Department of Telecommunications (DoT). Vi, in its application, has sought to amend its previous petition that sought quashing of the DoT's additional AGR demand of Rs 9,450 crore till FY19. The amended application is now seeking exemption from the payment of interest, penalty and interes ...Read More >
Indian REITs Association (IRA) has joined Global REIT Alliance -- an international coalition to promote Real Estate Investment Trust (REIT). The Global REIT Alliance was officially launched recently at the European Public Real Estate Association's (EPRA) 2025 ReThink conference in Stockholm, Sweden. The alliance brings together 24 countries and regions to create a unified voice for REIT advocacy and a platform for knowledge-sharing and standard-setting. Preeti Chheda, Executive Committee Memb ...Read More >
India secured its ninth Asia Cup title. Abhishek Sharma led India's batting with 314 runs. Kuldeep Yadav took 17 wickets. Tilak Varma delivered a match-winning knock in the final. Pathum Nissanka scored the tournament's only century. Pakistan's Sahibzada Farhan was their top batter. The tournament concluded with several notable individual performances. The just-concluded Asia Cup was deeply saturated with off-field drama. But even amidst the bedlam, there were sparks of brilliance, emergence of ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive sea ...Read More >
Chennai: Tamilaga Vettri Kazhagam (TVK) chief Vijay on Sunday said he was "shattered" and was "writhing in unbearable, indescribable pain and sorrow" after the stampede that took place at his rally in Karur on the previous evening. "No matter who offers words of comfort, the loss of our loved ones is unbearable. Yet, as a member of your family, I intend to provide ₹20 lakh to each family that has lost a loved one and ₹2 lakh to those who are injured and receiving treatment. This amount is, of c ...Read More >
New Delhi: Union home minister Amit Shah on Sunday declared that there will be "no ceasefire" offer from Maoists and reiterated that Maoism will be completely wiped out from the entire country by March 31, 2026. Shah was referring to recent media reports about a purported letter of talks between the government and banned CPI (Maoists), amid the ongoing action by the security forces. He further urged the cadres to give up arms and embrace rehabilitation, saying, "Those who want to surrender and w ...Read More >
New Delhi: Prime Minister Narendra Modi on Sunday praised the contribution of RSS, which is completing 100 years of its inception this Dussehra, to nation building through sacrifice and dedication. In his monthly 'Mann ki Baat' address, he said the Sangh fountainhead was formed in 1925 to fight intellectual slavery and restore self-confidence among the people during British rule and at the time of Independence. "This Vijayadashami is special for another reason. This day marks 100 years of the f ...Read More >
Chennai: The death toll in the stampede in Tamil Nadu's Karur rose to 40 while 67 others were undergoing treatment, state health secretary P Senthil Kumar said on Sunday. The stampede took place on Saturday during a Tamilaga Vettri Kazhaga (TVK) rally. As the toll mounted, the TVK party, led by actor-politician Vijay, moved the Madras High Court bench in Madurai seeking an independent probe into the stampede. The plea is expected to be heard by the Madurai bench of the high court on Monday. "O ...Read More >
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