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New Delhi, Sep 12 (PTI) The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. The Rs 1,900-crore IPO received bids for 11,06,46,08,960 shares against 10,67,73,244 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 140.20 times. The portion for non-institutional i ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
New Delhi, Aug 26 (PTI) Gold prices jumped by Rs 600 to Rs 1,00,770 per 10 grams in the national capital on Tuesday, supported by a weak rupee and firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,00,170 per 10 grams on Monday. Gold of 99.5 per cent purity climbed Rs 500 to Rs 1,00,400 per 10 grams (inclusive of all taxes) from the last close of Rs 99,900 per 10 grams. Silver prices rallied by Rs 3,000 to revisit t ...Read More >
Mumbai (Maharashtra) [India], August 25: Kotak Mahindra Life Insurance Company Ltd ('Kotak Life') is proud to announce that its innovative product, Kotak Gen2Gen Income, has been recognised with the prestigious 'Product of the Year 2025' award in the 'Life Insurance - Savings Plan' category. The recognition is based on a nationwide survey conducted by NielsenIQ involving 1,800 consumers across India. The recognition is awarded for the 'Life Insurance - Savings Plan' category through a consumer s ...Read More >
Mumbai (Maharashtra) [India], August 25: Kotak Mahindra Life Insurance Company Ltd (Kotak Life) is proud to announce that its innovative product, Kotak Gen2Gen Income, has been recognised with the prestigious Product of the Year 2025 award in the Life Insurance - Savings Plan category. The recognition is based on a nationwide survey conducted by NielsenIQ involving 1,800 consumers across India. The recognition is awarded for the Life Insurance - Savings Plan category through a consumer survey by ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
- India's economic growth momentum remains strong and resilient, even in the face of rising US tariffs, according to S&P Global Ratings. In a major vote of confidence, the global rating agency upgraded India's long-term sovereign credit rating from 'BBB-' to 'BBB' with a stable outlook -- marking the country's first upgrade in 18 years. S&P attributed the upgrade to strong domestic demand, fiscal consolidation, and accommodative monetary policy. It forecast India's economy to grow at an average ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) The Indian benchmark indices opened flat on Thursday, as IT and pharma stocks showed considerable gains. The BSE Sensex advanced 0.15 per cent to 80,657 points. The Nifty 50 inched up to 24,638, up 21 points or 0.08 per cent. Among the broader market indices BSE SmallCap added 0.12 per cent and the BSE MidCap climbed 0.30 per cent. Sectorally, Nifty Metal lost 1.05 per cent while Nifty IT and Nifty Pharma surged 0.76 per cent and 0.93 per cent, respectively. Th ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
Mumbai: Stock markets rebounded on Wednesday with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady US inflation data propelled a sharp rally in global markets. The 30-share BSE Sensex climbed 304.32 points or 0.38 per cent to settle at 80,539.91. During the day, it jumped 448.15 points or 0.55 per cent to 80,683.74. The 50-share NSE Nifty edged up by 131.95 points or 0.54 per cent to 24,619.35. Analysts said retail inflation slowing to an 8-year ...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 >
Hyderabad: The Greater Hyderabad Municipal Corporation's (GHMC) order to shut beef shops and slaughterhouses on the Independence Day (August 15) and Krishna Janmashtami (August 16) evoked mixed response from people in the city. While some felt that the beef shops should be closed on Krishna Janmashtami considering religious sentiments, they said the shops could be allowed to function on August 15. While there are no restrictions on chicken, fish, etc., beef shops were ordered to be closed. So ...Read More >
Mumbai: Bajaj Finance managing director Rajeev Jain emerged as the highest-paid top executive of a non-banking finance company in fiscal 2025 with a total package exceeding ₹65 crore. Including employee stock options worth ₹40 crore, his overall earnings crossed ₹105 crore for the year, according to the lender's annual report. Arvind Kapil, MD of Poonawalla Fincorp, was the second-highest paid, earning ₹45.7 crore, along with Esops that, at current market prices, are valued at more than ₹36 cro ...Read More >
Mumbai: Bajaj Finance managing director Rajeev Jain emerged as the highest-paid top executive of a non-banking finance company in fiscal 2025 with a total package exceeding ₹65 crore. Including employee stock options worth ₹40 crore, his overall earnings crossed ₹105 crore for the year, according to the lender's annual report. Arvind Kapil, MD of Poonawalla Fincorp, was the second-highest paid, earning ₹45.7 crore, along with Esops that, at current market prices, are valued at more than ₹36 cro ...Read More >
New Delhi, Aug 8 (PTI) Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 8 ...Read More >
MUMBAI: The Indian stock market ended lower on Friday amid heavy selling across the sectors and persistent FIIs outflow due to US tariff jitters. Sensex closed at 79, 857.79, down 765.47 or 0.95 per cent. The 30-share index opened in negative territory at 80, 478.01 against last session's closing of 80, 623.26 following selling pressure due to US tariff concerns. The index touched an intraday low at 79, 775, falling about a per cent to a three-month low, amid overall selling. Nifty ended the s ...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 >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I' ...Read More >
New Delhi: The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said on Friday. "All data room protocols have been finalized for interested bidders," Chawla told reporters, indicating that the divestment process is now ready to move into its final stages. "We hope to invit ...Read More >
New Delhi: When you apply for a credit card, you usually check things like the features, rewards, and which bank is giving you the card. But did you know that there's a situation where the bank really doesn't matter much? It sounds odd, but it's true -- this happens with RuPay credit cards! RuPay cards, made by NPCI, can be connected to UPI. Once you link your RuPay credit card to UPI, you can make payments through UPI just like you would from your bank. The main difference? Instead of the mone ...Read More >
NEW DELHI: As US electric vehicle giant Tesla officially entered the Indian market this week, it wasn't just auto enthusiasts who took notice. Leading banks and insurers swiftly moved to align themselves with the EV trailblazer, eager to tap into the growing demand for premium electric mobility. Kotak Mahindra Prime (KMPL) was announced as Tesla's preferred financier in India. Commenting on the partnership, Shahrukh Todiwala, MD & CEO of KMPL, said, "Tesla has redefined mobility with its cuttin ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, an ...Read More >
Indian equity markets edged lower on Wednesday, mirroring Asian market trends after the US inflation data release. Investors are exercising caution ahead of key corporate earnings reports and developments in US trade talks. Sectorally, auto, metal, and financial services faced declines, while Dixon Technologies surged following an acquisition announcement. Indian equity benchmarks opened slightly lower on Wednesday, tracking weakness in Asian peers after an uptick in US inflation data. Investor ...Read More >
Mumbai: Benchmark Sensex tanked 501 points while Nifty closed below the 25,000 mark on Friday due to selling in banking shares after muted quarterly earnings and foreign fund outflows. Falling for the second straight day, the 30-share BSE Sensex declined by 501.51 points or 0.61 per cent to settle at 81,757.73. During the day, it shed 651.11 points or 0.79 per cent to hit a low of 81,608.13. The 50-share NSE Nifty dropped 143.05 points or 0.57 per cent to close at a month's low of 24,968.40. A ...Read More >
WeWork India gets the green light from SEBI for its initial public offering. The IPO involves an offer for sale of over 43 million equity shares. Embassy Buildcon LLP and 1 Ariel Way Tenant Limited are the selling shareholders. JM Financial and ICICI Securities are among the book running lead managers. WeWork India Management Limited (WeWork India), one of India's leading flexible workspace operators, has received approval from the Securities and Exchange Board of India (SEBI) for its initial p ...Read More >
Leh, July 18: Veteran BJP leader and former Deputy Chief Minister of Jammu and Kashmir Kavinder Gupta, was sworn as the 3rd Lieutenant Governor of Ladakh.Dressed in traditional Ladakhi attire, Gupta took the oath of office in a solemn ceremony held in Leh, administered by Justice N. Kotiswar Singh, Chief Justice of the High Court of J&K and Ladakh.Welcoming this new chapter in Ladakh's journey, Gupta emphasized service over power, declaring Ladakh deserves dignity, development, and a voice. "I'm ...Read More >
MUMBAI: As Tesla introduces its pioneering fleet of electric vehicles to the Indian market, insurance companies have designed comprehensive electric vehicle specific covers that guard against moisture buildup and electrical faults besides managing complex risks like exothermic reactions and charger problems. The covers that been launched to meet the infrastructure and technological demands of these cutting-edge vehicles offer features like battery and motor cover, charger protection, zero deprec ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full ...Read More >
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