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New Delhi, Sep 29 (SocialNews.XYZ) Tata Capital's initial public offering (IPO) has set its price band at Rs 310-326 per share, a move that has come as a disappointment for investors who had earlier bought its shares in the unlisted market at significantly higher prices. At its peak, Tata Capital's unlisted stock had traded at around Rs 1,125. Compared to this, the IPO's upper band of Rs 326 represents a steep 71 per cent erosion in value for those early buyers. Even at yesterday's levels, the ...Read More >
Mumbai: Tata Capital has announced the price band for its upcoming IPO (Initial Public Offering), which is set between Rs 310 and Rs 326 per equity share. Each share has a face value of Rs 10. This IPO is an important step for the company as it works to meet regulatory requirements and raise funds for future growth. IPO Dates and Subscription Details The Tata Capital IPO will open for public subscription on Monday, October 6, and close on Wednesday, October 8. The anchor investor portion will ...Read More >
New Delhi, Sep 29 (PTI) Non-banking financial company Tata Capital has set the price band for its much-awaited Rs 15,512 crore Initial Public Offering (IPO) at Rs 310-326 per share, making it the largest issue of the year. At the top end of the band, the non-banking financial company commands a valuation of about Rs 1.38 lakh crore. The maiden public offering will open for subscription on October 6 and close on October 8, with the anchor book bidding scheduled for October 3, according to a pub ...Read More >
MUMBAI (Reuters) -The Reserve Bank of India is widely expected to hold its key policy rate at 5.50% on Wednesday, though some economists say a surprise cut cannot be ruled out as it weighs the impact of U.S. trade tariffs and subdued inflation. A Reuters poll showed nearly three-quarters of economists expected a pause, but major banks including Citi, Barclays, Capital Economics and SBI have flagged the possibility of a cut citing downside risks to growth and a benign inflation outlook. The RBI ...Read More >
New Delhi: Non-banking financial company Tata Capital is set to launch its initial public offering (IPO) on October 6, with people familiar with the matter pegging the issue size at an estimated USD 2 billion (Rs 17,200 crore)."The bid/offer opens on Monday, October 6, 2025, and closes on Wednesday, October 8, 2025. The anchor investor bidding date shall be Friday, October 3, 2025," according to a disclosure made to the stock exchanges. The company is eyeing a valuation of around USD 18 billion ...Read More >
Epack Prefab Technologies' Rs 504-crore initial public offer (IPO) witnessed a lukewarm start on Wednesday, the first day of bidding, as the issue was subscribed 7% in the first couple of hours of the issue opening. Investors bid for 11.5 lakh shares against 1.76 crore shares on offer, data from NSE showed. The IPO is priced between Rs 194 and Rs 204 per share and includes a fresh issue worth Rs 300 crore along with an offer for sale of Rs 204 crore. As of 12 noon, the IPO was subscribed 7%, a ...Read More >
New Delhi, Sep 24 (PTI) Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". How ...Read More >
Groww's parent, Billionbrains Garage Ventures, plans to file for a $650-800 million IPO in Mumbai, aiming at an $8 billion valuation, backed by Satya Nadella. If successful, Groww will surpass Angel One as India's most valuable brokerage. Billionbrains Garage Ventures Ltd., the parent of India's largest investment platform Groww, is preparing to file for an initial public offering in Mumbai as early as next week, according to people familiar with the matter. Backed by Microsoft Corp. Chief Exe ...Read More >
MUMBAI: India's securities market regulator last Friday made it easier for very large private companies to go public in one of the world's top destinations for first-time share sales this year. Companies with a market capitalisation of more than five trillion rupees (US$56.5bil) can now make an initial public offering (IPO) of as low as 150 billion rupees and dilute a 2.5% equity stake, the Securities and Exchange Board of India (Sebi) said in a statement following its board meeting. Such comp ...Read More >
Fractal Analytics, India's first AI unicorn, has filed for an IPO in Mumbai, potentially valuing the company at over $3.5 billion. The IPO aims to raise approximately $560 million, with existing investors selling a significant portion of their shares. Fractal intends to capitalize on the growing investor interest in AI and India's increasing adoption of consumer technologies. Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in ...Read More >
JSW Cement's IPO is set to launch on August 7, aiming to raise Rs 4,000 crore through a fresh issue and offer for sale. Proceeds will fund a new cement unit, repay debt, and support general corporate needs. The company focuses on green cementitious products, poised to benefit from India's growing industrial sector and cement demand. The IPO of JSW Cement is likely to open for subscription on August 7, according to a report from Fortune India. The issue will close on August 11. JSW Cement, part ...Read More >
MUMBAI: After the transfer of Mahadevi, an elephant belonging to a Jain shrine in Kolhapur, to Vantara, an animal rescue and rehabilitation initiative by the Reliance Foundation in Jamnagar, those who were unwilling to let go staged a march on Sunday. Thousands of locals and leaders from the ruling Mahayuti alliance in Kolhapur marched for 45 km from the shrine to the collector's office, demanding that Mahadevi be brought back, following which CM Devendra Fadnavis said he would hold a meeting on ...Read More >
MUMBAI (Reuters) -The rupee is likely to stay under pressure this week as concerns over steep U.S. tariffs on Indian exports linger, while the Reserve Bank of India's upcoming policy decision also looms large over the currency and government bonds. The rupee closed at 87.54 against the U.S. dollar on Friday, down 1.2% for the week, pressured by persistent foreign portfolio outflows and a 25% levy on Indian exports. While the local unit is hovering near its weakest level since February, fresh tar ...Read More >
MUMBAI: State Bank of India's Rs 25,000 crore qualified institutional placement (QIP) has been oversubscribed by over three times, with investment bankers expecting bids to touch Rs 1 lakh crore.The Life Insurance Corporation of India and domestic mutual funds such as HDFC Life and ICICI Prudential Life were among the top investors who bid for the shares. Foreign investors included Nomura, Millennium, BlackRock, and British hedge fund Marshall Wace.Bankers said foreign investors view the State B ...Read More >
NEW YORK, July 15 (Reuters) - Citigroup's (C.N), opens new tab profit rose in the second quarter as its traders brought in a windfall from turbulent markets. The third-largest U.S. lender's net income was $4 billion, or $1.96 per share, in the three months ended June 30, it said on Tuesday. Total net income rose 25% from a year earlier. Stocks and bonds have whipsawed since April, when U.S. President Donald Trump stunned markets by announcing sweeping tariffs against major trading partners. Vo ...Read More >
MUMBAI, July 15 (Reuters) - Citibank India expects a strong year for its equity capital market business as initial public offerings (IPOs) pick up after a slow start in 2025, the Wall Street bank's India country head said. "Capital raising on the equity capital market side remains a big opportunity with a very strong pipeline and quite a few billion-dollar IPOs in that," K Balasubramanian, who leads the business in the Indian subcontinent, said in an interview in Mumbai late on Monday. Citiban ...Read More >
New Delhi, Jul 12 (PTI) Anthem Biosciences has raised Rs 1,016 crore from anchor investors ahead of its initial share-sale opening for public subscription. Some of the investors that participated in the anchor book are -- Abu Dhabi Investment Authority, Government Pension Fund Global, Eastspring Investments, Amundi Funds, PineBridge Global Funds and Societe Generale, HDFC MF (MF), ICICI Prudential MF, Axis MF, UTI MF, Quant MF and Motilal Oswal MF, according to a circular uploaded on BSE's webs ...Read More >
Bengaluru: A month after former Tata Consultancy Services (TCS) chief operating officer Natarajan Ganapathy Subramaniam retired in May 2024, chief executive K Krithivasan said the company would not hire a new COO for the time being. He added that TCS leaders were distributing Subramaniam's work among themselves and that no single individual could replace him. Less than a year later, the country's largest information technology (IT) outsourcer changed its tune. Not only did is hire a new COO, it ...Read More >
New Delhi, Jul 9 (PTI) Anthem Biosciences on Wednesday fixed a price band of Rs 530 to Rs 570 for its Rs 3,395-crore initial public offering (IPO). At the upper end of the price band, the company's evaluation exceeds Rs 31,800 crore. The initial share-sale will be open for public subscription during July 14-16 and the one-day bidding for anchor investors is scheduled for July 11, the company said. The proposed IPO is entirely an offer-for-sale (OFS) worth Rs 3,395 crore by promoters, investor ...Read More >
NewsVoir Bengaluru (Karnataka) [India], July 7: Upekkha, the India-US accelerator that has backed over 100 SaaS and AI startups, has announced VIBE 2025 (Vertical Intelligence & BEyond), the world's first summit dedicated exclusively to vertical AI. Scheduled for 10-11 July 2025 at The Leela Palace, Bengaluru, and co-hosted with SaaSBoomi, this two-day flagship event will showcase how AI can move from concept to real-world deployment within just 48 hours. "Walk in with a problem statement, wal ...Read More >
MUMBAI: In his first public comments on the Jane Street scam, markets regulator Tuhin Kanta Pandey said, "Sebi will not tolerate market manipulation at any cost." It can be recalled that Sebi, in an interim order issued in the early hours of Friday, banned New York-based proprietary trading giant Jane Street. The firm had reportedly made more money from trading than two other Wall Street giants -- Citi and Bank of America -- combined in 2024, pocketing a whopping $20.5 billion, of which more th ...Read More >
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. ...Read More >
Mumbai: India's central bank hasn't added to its gold stash in FY26 yet, likely tying its purchase decision and timing to an expectedly southward trend in the prices of the safe-haven asset that surged more than 80% in five years amid geopolitical and trade uncertainties. The Reserve Bank of India's (RBI) total gold holdings amounted to 880 metric tonnes, and it continued to be at that level between end-March and end May this year, showed the latest data. This is the longest pause in more than ...Read More >
Kolkata: The CBI on Wednesday filed a supplementary charge sheet in the 2021 murder case of BJP worker Abhijit Sarkar, who was killed during post-election violence in Kankurgachhi. The charge sheet names Beleghata MLA Paresh Pal, Kolkata Municipal Corporation councillors Swapan Samaddar and Papiya Ghosh, along with 15 others.In the FIR, Sarkar's mother Madhabi said that on May 2, 2021, eight persons barged into their house at Narkeldanga around 3 pm and started enquiring about her son. The miscr ...Read More >
Mumbai: Gold, which has surged more than 40% over the past one year in dollar terms, might be close to its peak in the current upcycle, several economists and researchers said, pointing to immediate downside risks for the safe-haven asset that had benefited from unsettled geopolitics and central bank buying to hit pricing records since the Covid shutdowns. Citi, Motilal Oswal and a research unit of Fitch Ratings - BMI - are among those suggesting an end to the gold rally, as global macroeconomi ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (MET ...Read More >
Bengaluru - Tenneco Clean Air India Limited, part of the US headquartered Tenneco Group, a key global Tier I automotive component supplier (Source: CRISIL Report) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC are the promoters of the company. The offer comprises an Offer for Sale aggregating up to ₹3000 crore ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
Mumbai: Tenneco Clean Air India Ltd, a subsidiary of global auto component supplier Tenneco Group, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO) of Rs 3,000 crore. The issue is a pure offer for sale by promoter Tenneco Mauritius Holdings Ltd, with no fresh issue of shares. Accordingly, the company will not receive any proceeds from the IPO. Tenneco Clean Air India operates 12 manufacturing facilities and p ...Read More >
New Delhi, Jun 27 (PTI) Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prosp ...Read More >
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