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Mumbai (Maharashtra) [India], April 7 (ANI): The Securities and Exchange Board of India on Tuesday announced a series of one-time relaxations for listed entities and issuers in view of market volatility arising from ongoing geopolitical tensions in the Middle East. In a circular, SEBI said it has provided relief from penal provisions related to non-compliance with Minimum Public Shareholding (MPS) requirements for a specified period. Also Read | Toyota To Launch 6 New SUVs, MPVs in India by 20 ...Read More >
Hyderabad: Aurobindo Pharma's board on Monday approved a Rs 800 crore share proposal to buy back up to 54.23 lakh fully paid-up equity shares of the company of face value Rs 1 each at Rs 1,475 a share.The proposed buyback, which is subject to regulatory and statutory approvals, represents up to 0.93% of the total number of equity shares in the company's total paid-up equity share capital.The Hyderabad-based generics drug maker informed the bourses that April 17, 2026, has been fixed as the recor ...Read More >
Gujarat Victory Forgings IPO | The proposed offer comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter. Gujarat Victory Forgings Ltd has filed draft papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter, according to the draft red her ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a fresh case against Reliance Communications Ltd, its promoter Anil Ambani, unknown public servants and others for allegedly causing a wrongful loss of Rs 3,750 crore to the Life Insurance Corporation of India. Officials said the case has been filed under charges of conspiracy, cheating, misappropriation and provisions of the Prevention of Corruption Act, based on a complaint from LIC. This is the fourth case registered agai ...Read More >
New Delhi, Apr 1 (PTI) More than two dozen companies filed preliminary papers with capital markets regulator Sebi to raise funds through initial public offerings (IPOs) in the last two days of FY26, reflecting sustained primary market momentum. Among those that filed draft papers are Sadbhav Futuretech, TC Terrytex, Monomark Engineering (India) Ltd, Adroit Industries (India), Punjab Carbonic, Nityas Gems and Jewellery, Expression 360 Services India Ltd, Absolute Project (India) Ltd, Bvishal Oil ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) has barred Elitecon International and its promoter Vipin Sharma from the securities market, alleging stock price manipulation and misleading disclosures. In an interim ex-parte order, the regulator has directed Sharma and four other individuals to return ₹51 crore of illegal gains. Sebi's investigation found that Elitecon's stock witnessed an extraordinary surge - from around ₹11in August 2024 to a peak of ₹629 in June 2025 - despite ne ...Read More >
New Delhi, Mar 30 (PTI) Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradeveloper ...Read More >
The Enforcement Directorate has recovered and restored ₹15,000 crore to a Supreme Court-appointed committee, offering hope to investors defrauded by the massive PACL Ponzi scheme. IMAGE: Illustration: Uttam Ghosh/Rediff.comKey PointsThe Enforcement Directorate (ED) has restored over ₹15,000 crore to a Supreme Court committee for victims of the PACL Ponzi scheme.The PACL (Pearls Group) Ponzi scheme allegedly defrauded investors of approximately ₹48,000 crore.A special PMLA court ordered the ...Read More >
New Delhi, Feb 24 (PTI) Omnitech Engineering, a manufacturer of precision-engineered components, on Tuesday raised over Rs 174 crore from anchor investors, a day before the opening of its initial share-sale for public subscription. The anchor book saw participation from several domestic and global investors, including ICICI Prudential Mutual Fund (MF), Nippon India MF, WhiteOak Capital MF, Ashoka India Equity Investment Trust Plc, Malabar India Fund, Edelweiss MF and Allianz Global Investors, a ...Read More >
New Delhi, Dec 17 (PTI) Shares of Park Medi World Ltd, which operates a hospital chain under the Park brand, on Wednesday made a disappointing market debut and ended with a discount of nearly 9 per cent against the issue price of Rs 162. The stock was listed at Rs 155.60, a 3.95 per cent discount to the issue price, on the BSE. During the day, it tanked 9.35 per cent to Rs 146.85. Shares of the firm ended at Rs 148.15, down 8.54 per cent. At the NSE, the stock started trading at Rs 158.80, dow ...Read More >
The Enforcement Directorate has leveled money laundering accusations against Ansal Properties and Infrastructure Ltd. and their board of directors. Central to the allegations are claims of environmental law violations, particularly the company's negligence in establishing necessary sewage treatment systems for its developments. NEW DELHI: The Enforcement Directorate on Tuesday filed a money laundering chargesheet against Gurugram-based real estate company Ansal Properties and Infrastructure Ltd ...Read More >
MUMBAI: The Reserve Bank of India has approved HDFC Bank to acquire and hold an aggregate stake of up to 9.5% in IndusInd Bank, within the regulatory framework governing significant shareholding in banks. The approval, dated Dec 15, 2025, has been disclosed by IndusInd Bank in a regulatory filing on Tuesday.According to sources the approval is primarily to facilitate portfolio investments by HDFC's group companies, primarily its mutual fund and insurance arms. Market participants view the holdin ...Read More >
Synopsis: India's largest private bank is in focus today after RBI approved its group entities to together hold a maximum 9.5% stake in IndusInd Bank. This move is due to a regulatory requirement; let us see what more about this approval and what it stands for. This company, which is an Indian banking and financial services company headquartered in Mumbai. And India's largest private sector bank by assets and one of the world's largest bank by market capitalisation is in focus after RBI approve ...Read More >
Mumbai (Maharashtra) [India], December 16 (ANI): HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to collectively hold up to 9.50 per cent stake in IndusInd Bank, the bank informed the stock exchange in a filing. The bank stated that RBI granted permission to HDFC Bank, which is the promoter and sponsor of several group entities, to acquire an "aggregate holding" of up to 9.50 per cent of the paid-up share capital or voting rights in IndusInd Bank ...Read More >
Mumbai (Maharashtra) [India], December 16 (ANI): HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to collectively hold up to 9.50 per cent stake in IndusInd Bank, the bank informed the stock exchange in a filing. The bank stated that RBI granted permission to HDFC Bank, which is the promoter and sponsor of several group entities, to acquire an "aggregate holding" of up to 9.50 per cent of the paid-up share capital or voting rights in IndusInd Bank ...Read More >
Mumbai: Shares of Corona Remedies, a well-known pharmaceutical company, made an impressive entry into the stock market on Monday, December 15. The stock was listed on the National Stock Exchange (NSE) at Rs 1,470 per share, which is 38.42 percent higher than its IPO issue price of Rs 1,062. On the Bombay Stock Exchange (BSE), the shares opened at Rs 1,452, marking a gain of 36.72 percent over the issue price. This strong listing reflects the high demand and positive sentiment around the company ...Read More >
The Supreme Court on Wednesday (Nov 19) questioned the "friendly approach" adopted by the CBI and the Ministry of Corporate Affairs (MCA) in probing allegations against Indiabulls Housing Finance Ltd (IHFL). A Bench of the top court said it was particularly concerned about SEBI's reluctance to investigate the matter, calling it "double standards". The court noted that it was now "giving SEBI the jurisdiction to probe" if the regulator believed it did not already possess the mandate to do so. P ...Read More >
MUMBAI: The mega Rs 18,000-crore share buyback of Infosys, which is the biggest-ever offer that the IT major has announced till date, is opening November 20, and closes on the 26th. The price for the buyback, first since 2022, has been set at Rs 1,800/share. In the previous buyback the Bengaluru company had agreed to buyback worth Rs 9,300 crore. It can be noted that some of the promoters of the company had decided to opt out of the buyback, which according to analysts, signals confidence in f ...Read More >
New Delhi, Oct 24 (PTI) Orkla India, which owns spices and condiments brands MTR and Eastern, on Friday fixed a price band of Rs 695-730 per share, aiming for a valuation of around Rs 10,000 crore at the upper end. The company's Rs 1,667 crore Initial Public Offering (IPO) will open for public subscription on October 29 and conclude on October 31, according to a public announcement. Anchor investors can submit their bids on October 28. The company's IPO is a complete Offer For Sale (OFS) of 2 ...Read More >
Orkla India IPO: Orkla India, parent company of packaged foods manufacturer MTR Foods, has set the price band for its initial public offering (IPO) in the range of ₹695 to ₹730 per equity share. The mainline offering is entirely an offer for sale (OFS) of ₹22.8 million equity shares worth ₹1,667.54 crore. Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders. According to the red herring prospectus (RHP), the company has reser ...Read More >
New Delhi, Oct 23 (PTI) IT stocks were in the limelight on Thursday, with Infosys surging nearly 4 per cent, helping drive the equity markets higher. Shares of Infosys climbed 3.86 per cent to settle at Rs 1,528.85 apiece on the BSE. During the day, the stock jumped 5 per cent to Rs 1,545.70. On the NSE, it edged higher by 3.81 per cent to Rs 1,528.50 per share. Shares of HCL Tech climbed 2.43 per cent, Tata Consultancy Services went up by 2.24 per cent, Hexaware Tech rose by 1.76 per cent, W ...Read More >
NEW DELHI: Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the company's Rs 18,000 crore share buyback, according to a regulatory filing on Wednesday.The promoters collectively hold nearly 13.1% of the company's equity as on the buyback announcement date. "...the promoter and promoter group of the company have expressed their intention of not participating in the Buyback vide their letters dated Sept 14, 2025, Sept 16, 2025, S ...Read More >
Bengaluru, Oct 22 (SocialNews.XYZ) Infosys promoters and members of the promoter group, including co-founder Nandan M. Nilekani and Sudha Murty, have decided not to participate in the company's Rs 18,000 crore share buyback, the IT major said in an exchange filing on Wednesday. The promoters collectively hold 13.05 per cent of Infosys' equity as of the buyback announcement date. The promoters include co-founder N.R. Narayana Murthy's family -- wife Sudha N. Murty, daughter Akshata Murty, and s ...Read More >
Mumbai (Maharashtra) [India], May 19 (ANI/PNN): During Friday's opening session on Dalat Street, shares of Axita Cotton reached the upper circuit limit on strong buying demand. The shares of Axita Cotton opened on the BSE at Rs 27.01 apiece and on strong volumes locked in upper circuit level of Rs 27.30 marking an upside gap of 5.00% from the previous close of Rs 26.00. Following the company's announcement that the Board of Directors of the Company would meet on May 23, 2023, to discuss a repurc ...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 >
New Delhi, Sep 29 (PTI) Shares of Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Monday ended with a discount of nearly 9 per cent against the issue price of Rs 322. The company's stock made its market debut at Rs 295, a decline of 8.38 per cent from the issue price on the BSE. Shares of the firm ended at Rs 293.95, a decline of 8.71 per cent. At the NSE, the stock started trading at Rs 296.05, down 8 per cent. It ended at Rs 294.30, lower by 8.60 per ...Read More >
The Enforcement Directorate (ED) alleged that the B C Jindal group and its promoters transferred around ₹505 crore abroad through sham transactions. Searches were conducted at 13 Delhi premises of the group and its directors for suspected FEMA violations, including round-tripping via overseas entities Topaz Enterprise DMCC and Garnet Enterprise DMCC. ED claimed inflated valuations facilitated the transfers. The Enforcement Directorate (ED) on Wednesday alleged that the B C Jindal group of comp ...Read More >
MUMBAI: A special court under the Prevention of Money Laundering Act (PMLA) on Monday ordered the issuance of process against builder Pravin Raut -- a close aide of Shiv Sena (UBT) MP Sanjay Raut and partner in M/s Prathamesh Developers LLP -- and Jitendra Mehta, proprietor of Mehta Developers, in the ₹1,039-crore Patra Chawl redevelopment scam. Issuance of process is a formal step by which a court summons or directs the presence of the accused, marking the commencement of criminal proceedings ...Read More >
SEBI said SSSL diverted crores raised through a rights issue and created fictitious accounts New Delhi: The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds, fabricating accounts, and misleading shareholders with false disclosures. The order also imposes penalties and directs disgorgement of unlawful gains ...Read More >
Gurugram, Sep 12 (SocialNews.XYZ) In a Rs 346 crore bank fraud, the ED seized digital devices and incriminating documents during searches at 11 residential and commercial premises of Hythro Power Corporation Ltd (HPCL) and its officials in Delhi NCR, Bengaluru and Chennai, an official said on Friday. The Gurugram Zonal Office of the ED conducted the search and survey operations on Wednesday under the provisions of the PMLA, 2002. During search proceedings, several bank accounts belonging to th ...Read More >
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