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Mumbai: US-based Jane Street said the Indian capital market regulator's order accusing the trading firm of manipulative trading in equity derivatives reflects a 'misunderstanding of standard hedging practices and the interrelationships between derivative and underlying markets'. The firm, in an internal communication that ET has accessed, said the Securities and Exchange Board of India's claim that the firm's activity is "prima facie manipulative", disregards the role of liquidity providers and ...Read More >
Kolkata: Smartworks Coworking Spaces Limited, founded by city boy Neetish Sarda and co-founded by Harsh Binani, is likely to have a post-listing valuation of Rs 4,645 crore at the upper price band. The co-working space company, one of the leaders in the sector, is launching its IPO on July 10, with the price band fixed at Rs 387 to Rs 407 per equity share.The only listed competitor of Smartworks in this space is AWFIS, which has a current valuation of about Rs 4,800 crore. Sources said the valua ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
New Delhi [India], July 7 (ANI): Growth in India's cement demand will recover to 6.5-7.5 per cent this fiscal (2025-26) after falling to 5 per cent in the recently concluded 2024-25 fiscal, according to a Crisil Ratings report. This, coupled with an uptick in realisations, will lift operating profitability by Rs 100 to a level just above the decadal average, the rating agency asserted in its report on Monday. Healthy accrual coupled with robust balance sheets will keep the credit profiles of c ...Read More >
Bengaluru: Smartworks Coworking Spaces Ltd plans to retire high-cost debt and fund its expansion with the money it raises from its upcoming initial public offering of shares, top company executives said. The Gurugram-based flexible workspace operator is preparing to launch its ₹583-crore IPO on 10 July. The IPO will be a combination of a fresh issue of shares aggregating to ₹445 crore and an offer for sale (OFS) amounting to ₹137.56 crore. (No fresh shares will be issued as part of the OFS; the ...Read More >
Mumbai, July 7 (SocialNews.XYZ) Smartworks Coworking Spaces' losses widened to Rs 63.17 crore in FY25, a rise of Rs 13.22 crore against FY24 losses, the company said in its red herring documents on Monday ahead of its initial public offering (IPO). The co-working space provider's net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. The IPO opens for public subscription on July 10 and concludes on July 14. The price band has been fixed at Rs 387-407, and investors had to bu ...Read More >
PNN Mumbai (Maharashtra) [India], July 7: Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise 50.00 crores, with shares to be listed on the NSE Emerge platform. The issue will close on Wednesday, July 09, 2025. The issue size is 50,00,400 equity shares at a face value of 10 each with IPO price of 100 per share. Equity Share ...Read More >
Mumbai (Maharashtra) [India], July 7: Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise ₹ 50.00 crores, with shares to be listed on the NSE Emerge platform. The issue will close on Wednesday, July 09, 2025. Also Read | Kannada Actress Bhavana Ramanna Announces Pregnancy at 40, Shares Father's Reaction to Her Decision To Have ...Read More >
New Delhi, Jul 7 (PTI) Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. Also Read | Bodoland Lottery Result Today, July 07, 2025: Assam State Lottery Sambad Monday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. However, the revenue from operations rose to Rs 1,374.05 cror ...Read More >
New Delhi, Jul 7 (PTI) Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company. Gurugram-based Smartwo ...Read More >
New Delhi [India], July 6 (ANI): Confederation of Indian Industry (CII) President, Rajiv Memani, has countered prevailing market sentiment about private capital expenditure, asserting that while there's a perception of a slowdown, private capex is actually taking place across various industry sectors in the country. "There's an atmosphere suggesting that private capex is not happening, but actually capex is happening," Memani stated, citing data showing consistent private investment over the pa ...Read More >
New Delhi, Jul 6 (PTI) Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 400 crore, and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel, according to the draft red herring prospectus (DRHP) filed on Saturday. Also Read | Bodoland Lottery Result Today, July 05, 2025: Assam State Lottery ...Read More >
New Delhi, Jul 3 (PTI) Shares of Indogulf Cropsciences Ltd made a flat market debut on Thursday and ended marginally lower against the issue price of Rs 111. The stock was listed at Rs 111 on both the BSE and NSE. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlighting?. During the day, it climbed 1.44 per cent to Rs 112.60 on the BSE. Shares of the firm later ended at Rs 110.80, marginally down by 0.18 per cent. ...Read More >
New Delhi, Jul 3 (PTI) Shares of Indogulf Cropsciences Ltd made a flat market debut on Thursday and ended marginally lower against the issue price of Rs 111. The stock was listed at Rs 111 on both the BSE and NSE. During the day, it climbed 1.44 per cent to Rs 112.60 on the BSE. Shares of the firm later ended at Rs 110.80, marginally down by 0.18 per cent. At the NSE, the stock went up by 1.80 per cent to Rs 113 after a flat debut. Later, it lost momentum and ended at Rs 110.35, a dip of 0.58 ...Read More >
Mumbai, July 3: India Inc has shown remarkable financial strength over the last five years, with corporate profits growing nearly three times faster than the country's GDP between FY20 and FY25, a new report said on Thursday. The profit-to-GDP ratio has risen significantly to 6.9 per cent -- reflecting strong earnings performance despite economic challenges, according to the data compiled by Ionic Wealth (Angel One). The report, titled 'India Inc. FY25: Decoding Earnings Trends & Path Ahead', ...Read More >
Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year. Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year. "I feel that UK should be PAT (profit after tax) positive, so the c ...Read More >
MUMBAI: The nation's largest bank State Bank of India (SBI) has decided to classify the loan account of the beleaguered telecom firm Reliance Communications (RCom) that's under bankruptcy since June 2019, as a "fraud" account and also to report the name of its erstwhile promoter and director Anil Ambani to the Reserve Bank. The company has been found to have used as much as Rs 12,692.31 crore of bank loans which is 41% of the total loan, to pay connected parties through a web of inter-group tra ...Read More >
New Delhi [India], July 2: Meta Infotech Limited, engaged in providing comprehensive cybersecurity solutions and services across multiple industries, has announced the launch of its Initial Public Offering (IPO) on the BSE SME platform. The IPO will open on July 4, 2025, and close on July 8, 2025, with a price band of 153 to 161 per equity share of face value 10 each. The issue comprises a fresh issue and offer for sale of 12,45,000 & 37,35,000 equity shares respectively , aggregating to 49,80 ...Read More >
New Delhi, Jul 2 (PTI) State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and report the name of its erstwhile director Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications, in a regulatory filing, said it has received a letter dated June 23, 2025, from State Bank of India (SBI) to this ...Read More >
New Delhi: New project announcements by private sector companies fell to a four-quarter low in the three months ended June, showed data from the Centre for Monitoring Indian Economy (CMIE). Total investments in these projects at ₹3.5 lakh crore, however, more than doubled from Rs 1.4 lakh crore a year earlier, the data showed. Five states dominated the investments, accounting for 85.7% of the newly-announced projects. Odisha led at Rs 1.4 lakh crore, followed by Andhra Pradesh (₹47,110.7 crore) ...Read More >
New Delhi, Jun 30 (PTI) The initial public offer of Indogulf Cropsciences Ltd received 25.98 times subscription on the closing day of bidding on Monday, helped by encouraging participation from institutional investors. The company's initial share sale got bids for 34,72,66,170 shares against 1,33,65,710 shares on offer, as per NSE data. The quota for non-institutional investors fetched 48.39 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 33.26 ti ...Read More >
New Delhi, Jun 30 (PTI) Eco-friendly paper manufacturer Sillverton Industries has filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP) filed on Friday. At present, promoters and promoter group entiti ...Read More >
Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.Karnataka Bank managing director Srikrishnan Hari Hara Sarma and executive director Sekhar Rao have stepped down ...Read More >
Bengaluru: Sleep and home solutions brand Wakefit Innovations has filed draft papers with market regulator Sebi to raise Rs 468 crore through a public offering. The Bengaluru-based company's initial public offering (IPO) will consist of a fresh issue of shares worth Rs 468 crore and an offer for sale (OFS) of up to 5.8 crore equity shares by existing shareholders, according to its draft red herring prospectus (DRHP) dated June 26.Promoters Ankit Garg and Chaitanya Ramalingegowda will offload a p ...Read More >
Vijayawada: Chief Minister Nara Chandrababu Naidu on Thursday directed officials to focus on capital expenditure and use Central funds for the purpose. Conducting a comprehensive review of the State Finance Department at his camp office on Thursday, the Chief Minister also instructed the officials to prioritize such high-impact projects. Highlighting the importance of capital investment, the Chief Minister stated that in addition to the welfare programmes, greater emphasis must be placed on cap ...Read More >
New Delhi, Jun 26 (PTI) The initial public offer of Indogulf Cropsciences Ltd was subscribed by 40 per cent on the first day of bidding on Thursday. The initial share sale received bids for 53,77,320 shares, as against 1,33,65,710 shares on offer, as per NSE data. Also Read | Is June 27 Public Holiday in Odisha for Jagannath Puri Rath Yatra? Will Schools and Banks Remain Open or Closed? All You Need To Know. The category for Retail Individual Investors (RIIs) received 69 per cent subscription ...Read More >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidit ...Read More >
These companies are mobilising funds to support capital expenditure requirements especially for expansion plans, repayment of borrowings, and for general corporate purposes.Source : Fisdom After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilizing secondary market and easing geopolitical tensions, merchant bankers said. Among the companies preparing to tap the capi ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the ...Read More >
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