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Mumbai (Maharashtra) [India], October 27 (ANI): Advocate HP Ranina has dismissed a recent report by The Washington Post questioning the investment practices of the Life Insurance Corporation (LIC) of India, calling it baseless and misleading. Speaking to ANI, Ranina said there was "no substance in this report" and emphasised that LIC is a professional and publicly owned institution that operates strictly within its own investment guidelines. Also Read | 'Kaun Banega Crorepati 17': Station Mast ...Read More >
Market regulator Sebi has proposed a series of relaxations to ease the compliance burden for companies that have only listed their debt securities. In a consultation paper released on October 27, the regulator suggested revising the definition of Corporate High-Value Debt Listed Entities (HVDLEs), and exempting smaller issuers from stringent corporate governance and related party transaction (RPT) requirements. Also Read: SEBI proposes incentives to boost retail participation in debt securitie ...Read More >
Eyewear retailer Lenskart is launching its IPO on October 31, aiming to raise Rs 2,150 crore through a fresh issue and an offer for sale. Backed by Radhakishan Damani, the company plans to use the funds for store expansion, technology, and marketing. This IPO is anticipated to be the fourth-largest public issue of 2025. Eyewear retailer Lenskart is set to make its long-awaited market debut, with its initial public offering (IPO) opening for subscription on Friday, October 31, and closing on Tue ...Read More >
New Delhi, October 27 (Monday): The Supreme Court of India is today hearing a pivotal writ petition filed by Vodafone Idea Limited, which challenges the Department of Telecommunications' (DoT) additional demand of ₹9,450 crore towards Adjusted Gross Revenue (AGR) dues for the 2016-17 period. The case, listed before a bench headed by Chief Justice BR Gavai, carries significant financial and policy implications -- not only for the telecom operator but also for the government and over 20 crore sub ...Read More >
New Delhi, Oct 27 (PTI) Helmets manufacturer Studds Accessories Ltd is targeting to raise Rs 455 crore through its initial public offering (IPO), which is scheduled to open on October 30. The company has set a price band of Rs 557 to Rs 585 per share, valuing it at around Rs 2,300 crore at the upper end of the range. The issue will close on November 3, while the anchor book will open for a day on October 29, the company said in a public announcement. The IPO will comprise only an offer-for-sa ...Read More >
New Delhi: Homebuyers' body FPCE has demanded that real estate law 'RERA' should be amended to incorporate a mechanism for verifying the track record of builders before granting permission to launch projects for sale.It also sought a new provision in the legislation to ensure compensation to homebuyers if builders fail to meet their promise of providing certain facilities and amenities. The association has also demanded a uniform rule for refund of money in case of cancellation of units by prop ...Read More >
New Delhi, Oct 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be ce ...Read More >
New Delhi, Oct 25 (PTI) Agro-chemical firm Bharat Rasayan's board has approved the sub-division of its equity shares and issue of bonus shares in a 1:1 ratio to eligible shareholders. The subdivision of shares is meant to boost the liquidity of its scrips and expand the shareholders' base. In a regulatory filing on Friday, the company informed that the Board has approved the sub-division of existing 41,55,268 equity shares of face value of Rs 10 each, fully paid-up to 83,10,536 shares of the f ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Following speculation regarding a potential return, Changpeng Zhao, known as CZ, the co-founder and former CEO of Binance, has sparked discussions about the implications of his recent presidential pardon for the exchange's operations in the United States. Industry observers suggest that this major development for CZ and Binance as a whole could pave the way for Zhao to resume lea ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
Jio Platforms is gearing up for its highly anticipated IPO, with analysts projecting it could achieve a dazzling valuation of USD 148 billion by September 2027. This bullish outlook is fueled by enhanced sector dynamics, a more robust tariff environment, and an accelerating shift towards 5G technologies. ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at USD 148 ...Read More >
Mumbai, October 24: Tata Motors' name has been changed to Tata Motors Passenger Vehicles after the demerger. The Indian automobile giant will trade as TMPV on stock exchanges. It was effective after the company's stock adjusted to the demerger of its commercial vehicle business earlier this month. Soon, the shares of the demerged commercial vehicle business may be listed on stock exchanges, including BSE and NSE. TaMo (Tata Motors) has now officially become TMPV; however, the question arises ab ...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: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs on its exports to the U.S. - with half of those duties in retaliation for Russian oil purchases - and negotiates a potential trade deal that could bring those tariffs in line with Asian peer ...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 >
Investing.com -- Microsoft CEO Satya Nadella received a $96.5 million pay package for fiscal 2025, his highest compensation since becoming CEO over a decade ago, as the company's board cited exceptional progress in artificial intelligence. About 90% of Nadella's compensation is in Microsoft (NASDAQ:MSFT) shares, with a base salary of $2.5 million. This represents a significant increase from the $79.1 million he received in the previous fiscal year. The compensation committee stated that the re ...Read More >
Brookfield-backed Avaada Electro has filed a DRHP with SEBI for a Rs 9,000-10,000 crore IPO. The solar manufacturing firm plans to expand high-efficiency TOPCon module and cell capacity across Uttar Pradesh and Maharashtra, positioning India as a global leader in domestic solar manufacturing. Avaada Electro Private Ltd, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has confidentially filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board o ...Read More >
Each acquisition is expected to contribute distinct strategic value, from operational synergies and customer engagement to market expansion and experiential integration, EaseMyTrip stated. Travel booking platform EaseMyTrip's Board on Friday approved strategic acquisitions of four companies in a bid to build an integrated travel ecosystem. The company has approved the proposed investment of 49% of the aggregate post-completion fully paid-up share capital in four entities, including Doodlesdodl ...Read More >
Founded in 1908, the 117-year-old institution once rivalled the Bombay Stock Exchange in trading volumes and stood as a symbol of Kolkata's financial heritage. The Calcutta Stock Exchange (CSE), one of India's oldest bourses, may this year celebrate its last Kali Puja and Diwali on October 20 as a functioning exchange, with the process of voluntary exit as a bourse nearing completion after a decade-long legal battle. Trading at CSE was suspended by SEBI in April 2013 following regulatory non-c ...Read More >
Mumbai: RBL Bank expects its proposed share purchase deal with Emirates NBD to conclude within the next 5-8 months, with the management indicating the full $3 billion (₹26,850 crore) infusion - the biggest foreign direct investment in commercial banking - is likely this FY itself. The bank proposes to simultaneously seek regulatory and federal approvals while it seeks shareholder nod for the majority takeover. "It should be somewhere in the 5-8-month range," R Subramaniakumar, MD & CEO, RBL Ba ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Mumbai, Oct 19 (PTI) RBL Bank expects Emirates NBD Bank's USD 3 billion fund infusion, the largest FDI in the financial services sector, to close by June next year, once the regulatory and government approvals are secured, a top official said on Sunday. RBL Bank will merge with NBD's wholly-owned subsidiary operating in India and become a "listed foreign bank subsidiary" post-deal, the management said. "Our aspiration is to grow multi-fold, and the capital will help. We are now a mid-sized sma ...Read More >
Kolkata: The Calcutta Stock Exchange (CSE), one of India's oldest bourses, may this year celebrate its last Kali Puja and Diwali on October 20 as a functioning exchange, with the process of voluntary exit as a bourse nearing completion after a decade-long legal battle. Trading at CSE was suspended by SEBI in April 2013 following regulatory non-compliance. After years of efforts to revive operations and contest SEBI directives in courts, the exchange has now decided to back out of the business a ...Read More >
Mumbai, Oct 19 (SocialNews.XYZ) The Calcutta Stock Exchange (CSE), one of India's oldest stock exchanges, may be celebrating its final Kali Puja and Diwali this year on October 20 as a functioning bourse. After a long legal and regulatory battle, the exchange is close to completing its voluntary exit from the stock exchange business. CSE, founded in 1908, once competed with the Bombay Stock Exchange and was a major part of Kolkata's financial landscape. But the exchange faced a serious setbac ...Read More >
Sify Infinit Spaces has filed draft papers with market regulator Sebi to launch the country's first data center IPO, aiming to raise Rs 3,700 crore. The company, part of the Sify Group, operates one of India's largest networks of data center colocation facilities. The IPO will include a fresh issue of shares worth Rs 2,500 crore and an offer for sale of shares worth Rs 1,200 crore by existing investors -- Kotak Data Center Fund (Rs 643 crore) and Kotak Special Situations Fund (Rs 557 crore). T ...Read More >
Bengaluru - A boardroom shake-up in Indian conglomerate Tata Group in early October threatened to destabilise the tea-to-semiconductors business house, prompting the government to intervene. The government was so worried about the situation at the organisation - which accounts for an estimated 4 per cent of India's gross domestic product - that Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met some of Tata's top leaders in a closed-door meeting in Delhi on Oct 7. The unpreced ...Read More >
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives. Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on ...Read More >
Kolkata: Shyam Metalics and Energy Limited (SMEL) is targeting a 2.5 times increase in revenue to reach Rs 40,000 crore by 2031, driven by capacity expansion, product mix enhancement and export diversification. One of India's leading integrated metal producers, SMEL also aims to expand its aggregate capacity from 15 million tonnes to 27 million tonnes in the next six years, the company said in a BSE filing on Thursday."The growth programme is expected to create over 10,000 new direct and indirec ...Read More >
The new venture, SK Enmove Gabriel India, will see SK Enmove holding a 51 per cent stake and Gabriel India 49 per cent. Auto components maker Gabriel India on Thursday announced a joint venture with South Korea's SK Enmove to diversify its product portfolio into lubricants and engine oils. The move marks a strategic step in Gabriel India's evolution from a suspension-focused company to a broader automotive systems and components player. The new venture, SK Enmove Gabriel India, will see SK Enm ...Read More >
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