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Mumbai, Oct 9 (PTI) Volume growth of complex fertilisers is expected to slow down to 2-4 per cent in this financial year from 9 per cent last year amid import constraints, geopolitical headwinds and a high-base effect, a report said on Thursday. Crisil Ratings in the report stated that supply disruptions have also led to a rise in raw material prices, which in turn may increase the subsidy requirement. However, credit profiles are seen stable because of steady profitability, expected additiona ...Read More >
New Delhi, Oct 1 (PTI) Six companies, including Vedanta Group firm Sterlite Electric, Rays Power Infra and Augmont Enterprises, have filed preliminary papers with markets regulator Sebi to raise funds through initial public offerings (IPOs). Rotomag Enertec, Oswal Cables and Pride Hotels have also approached Sebi with their respective draft papers. All six proposed issues will be a mix of fresh issues of equity shares and an offer for sale (OFS), according to their draft red herring prospectus ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the p ...Read More >
Mumbai: The Reserve Bank of India (RBI) has revised its existing rules to make retail loans more flexible, widened the scope for lending against gold and silver collateral, and provide easier capital-raising avenues for banks besides improving credit information systems. Announced through seven directions and circulars on Monday evening, three of these changes will take effect from October 1, while four others have been released for public consultation until October 20, 2025. Draft proposals, me ...Read More >
New Delhi, Sep 30 (PTI) The initial public offer of agrochemical firm Advance Agrolife Ltd got subscribed 42 per cent on the first day of share sale on Tuesday. The IPO received bids for 57,06,000 shares against 1,35,09,004 shares on offer, according to NSE data. The quota for non-institutional investors got subscribed 61 per cent while that of Retail Individual Investors (RIIs) received 58 per cent subscription. Advance Agrolife Ltd on Thursday last week announced a price band of Rs 95-100 p ...Read More >
Anand Rathi Share and Stock Brokers debuted on exchanges with a premium. The listing was below unlisted market expectations. Its initial public offering saw subscription over 21 times. Institutional investors drove demand. The company reported financial performance. Investors will now closely monitor its ability to sustain growth and protect margins. Competition from other brokers remains a challenge. Shares of Anand Rathi Share and Stock Brokers listed with a modest premium on the exchanges on ...Read More >
New Delhi, Sep 30 (PTI) Shares of Anand Rathi Share and Stock Brokers Ltd on Tuesday ended with a premium of nearly 8 per cent over the issue price of Rs 414. The stock started trading at Rs 432.10, up 4.37 per cent from the issue price on the BSE. During the day, it jumped 10.74 per cent to Rs 458.50. Shares of the firm finally ended at Rs 445.65, up 7.64 per cent. At the NSE, the stock listed at Rs 432, a premium of 4.34 per cent. Shares of the firm later ended at Rs 445.55, a jump of 7.62 p ...Read More >
Mumbai: Traditionally, banks were barred from lending for buying gold or silver or offering loans secured by primary gold or silver. But under new guidelines, a carve‑out allows scheduled commercial banks (SCBs) to extend working capital loans to jewellers and businesses that use gold as raw material. This change means that manufacturers who rely on gold inputs -- beyond jewelry makers -- can now access credit backed by gold. More Flexibility in Interest Spreads and Rate Resets Previously, ban ...Read More >
New Delhi: The Reserve Bank of India (RBI) issued new guidelines for small business loans, increasing the lending flexibility for banks, in adjusting the additional interest or spread charged over the loan term. The RBI has also eased lending restrictions for businesses that depend on gold as a raw material. "Banks are generally prohibited from lending for the purchase of gold or silver in any form, or lending against the security of primary gold or silver. However, a carve-out has been allowe ...Read More >
New Delhi, Sep 29 (PTI) The initial public offer of Fabtech Technologies Ltd, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry, received 70 per cent subscription on the first day of the share sale on Monday. The IPO got bids for 84,20,325 shares against 1,20,60,000 shares on offer, according to NSE data. The quota for qualified institutional buyers (QIBs) was subscribed 77 per cent, and the retail individual investors (RIIs) category received 70 ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
New Delhi, Sep 29 (PTI) Valplast Technologies, a civil engineering and infrastructure solutions company, on Monday said it has fixed a price band of Rs 51-54 per share for the Rs 28.09 crore initial share sale, which will open on September 30. The initial public offering (IPO) will conclude on October 3. Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof, the company said in a statement. The IPO is entirely a fresh issue of 52.02 lakh equity shares aggrega ...Read More >
Anand Rathi Share and Stock Brokers' ₹745 crore IPO allotment will be finalized on Friday, with shares listing on NSE and BSE on September 30. The allotment for Anand Rathi Share and Stock Brokers' Rs 745 crore IPO will be finalised on Friday. Investors who applied for shares can check their allotment status online once it is uploaded on the registrar's portal, MUFG Intime India. The equity shares are scheduled to be listed on the BSE and NSE on September 30. Applicants can check whether they ...Read More >
New Delhi: Shares of GK Energy Ltd, a solar-powered agricultural water pump systems provider, on Friday listed with a premium of nearly 12 per cent against the issue price of Rs 153. The stock started trading at Rs 165, a jump of 7.84 per cent from the issue price on the BSE. At the NSE, the stock was listed at Rs 171, a premium of 11.76 per cent. The company's market valuation stood at Rs 3,448.91 crore. The initial public offer of GK Energy Ltd received a whopping 89.62 times subscription ...Read More >
BMW Ventures IPO opened for subscription with just 5% bids on Day 1, showing a muted start. The Rs 231.66 crore issue has no grey market premium yet, indicating weak sentiment. Retail saw 7% subscription, while NIIs and QIBs stayed away. The Rs 231.66 crore IPO of BMW Ventures Ltd opened for subscription on Wednesday, but initial investor interest appears muted for the issue. As of 12:10 PM on Day 1, the IPO was subscribed only 5% against the total offer of 2.34 crore shares, based on data from ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ) In a major relief for the pharma sector, the government has dismissed the mandatory rule for drug manufacturers to recall, or re-label medicines already released in the market before September 22, the Department of Pharmaceuticals said. This follows the latest revision in Goods and Services Tax (GST) rates early this month by the GST Council, which reduced the GST on medical devices to 5 per cent from 12 per cent. The National Pharmaceutical Pricing Authority ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) The Association of Indian Medical Device Industry (AiMeD) on Saturday welcomed the timely directions issued by the Department of Pharmaceuticals (DoP), National Pharmaceutical Pricing Authority (NPPA) and the Central Drugs Standard Control Organisation (CDSCO) to ensure smooth implementation of the revised GST rates on drugs, formulations, and medical devices, effective from September 22. The Office Memorandum issued by DoP-NPPA on Friday clarified that while ...Read More >
PNN Jamnagar (Gujarat) [India], September 3: In a significant move to fuel its growth and enhance manufacturing capabilities, Krupalu Metals Limited, a key player in the brass and copper industry, has announced its Initial Public Offering (IPO) on the SME platform of the Bombay Stock Exchange (BSE SME). The IPO, a fixed-price issue aiming to raise 1,347.84 lakhs, will be open for subscription from September 8, 2025, to September 10, 2025. The company's decision to go public underscores its amb ...Read More >
Jamnagar (Gujarat) [India], September 3: In a significant move to fuel its growth and enhance manufacturing capabilities, Krupalu Metals Limited, a key player in the brass and copper industry, has announced its Initial Public Offering (IPO) on the SME platform of the Bombay Stock Exchange (BSE SME). The IPO, a fixed-price issue aiming to raise ₹1,347.84 lakhs, will be open for subscription from September 8, 2025, to September 10, 2025. Also Read | 'Wednesday' Season 2 Part 2: Jenna Ortega's Wed ...Read More >
New Delhi, Sep 3 (PTI) Shares of infrastructure company Vikran Engineering on Wednesday ended with a discount of over 1 per cent against the issue price of Rs 97. The stock started trading at Rs 99.70, up 2.78 per cent from the issue price on the BSE. During the day, it hit a high of Rs 101.73 and a low of Rs 93.26. The stock later ended at Rs 95.64, a discount of 1.40 per cent. At the NSE, the stock listed at Rs 99, up 2 per cent. It later gave up early gains and ended at Rs 95.71, a decline ...Read More >
PNNJamnagar (Gujarat) [India], September 3: In a significant move to fuel its growth and enhance manufacturing capabilities, Krupalu Metals Limited, a key player in the brass and copper industry, has announced its Initial Public Offering (IPO) on the SME platform of the Bombay Stock Exchange (BSE SME). The IPO, a fixed-price issue aiming to raise ₹1,347.84 lakhs, will be open for subscription from September 8, 2025, to September 10, 2025.The company's decision to go public underscores its ambiti ...Read More >
Surat (Gujarat) [India], August 28: Surat based, Abril Paper Tech Ltd, a leading manufacturer and supplier of sublimation heat transfer paper, is planning to raise up to Rs. 13.42 crore from its SME public issue. The company has received approval to launch its public issue on SME Platform of Bombay Stock Exchange. The public issue opens for subscription on August 29, 2025 and closes on September 02, 2025. Interactive Financial Services Ltd. is the book running lead manager of the issue. Also Re ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
PNN Surat (Gujarat) [India], August 28: Surat based, Abril Paper Tech Ltd, a leading manufacturer and supplier of sublimation heat transfer paper, is planning to raise up to Rs. 13.42 crore from its SME public issue. The company has received approval to launch its public issue on SME Platform of Bombay Stock Exchange. The public issue opens for subscription on August 29, 2025 and closes on September 02, 2025. Interactive Financial Services Ltd. is the book running lead manager of the issue. Fo ...Read More >
Jaipur, Aug 28 (PTI) The Rajasthan High Court on Thursday cancelled the contentious police sub-inspector recruitment exam-2021 owing to paper leak. Justice Sameer Jain in a detailed judgment cancelled the exam 2021 which was the bone of contention for both BJP and Congress governments in the state. "Illegality and fraud on the system was so conspicuous. It is strange that the state government did not take action any decision on the subject. The court's decision hopefully will act as a deterren ...Read More >
New Delhi, Aug 28 (PTI) Abril Paper Tech, manufacturer and supplier of sublimation heat transfer paper, on Thursday said it has fixed the price at Rs 61 per share for its Rs 13.42-crore initial public offering (IPO), which will open for subscription on August 29. The public issue will conclude on September 2, and the shares of the company will be listed on the BSE's SME platform, Surat-based Abril Paper Tech said in a statement. The IPO is entirely a fresh issue of 22 lakh equity shares with a ...Read More >
Apex exporters body FIEO raises alarm over rising US tariffs. Indian goods face increased duties from August 27, 2025. Textile manufacturers in Tirupur, Noida, and Surat have stopped production. Cost competitiveness is worsening. FIEO urges government support. They seek interest subvention schemes and export credit. Focus is on MSMEs. Diplomatic engagement with the US is crucial. Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that te ...Read More >
New Delhi, August 26: The Federation of Indian Export Organisations (FIEO) on Thursday expressed grave concern over the US government's imposition of an additional 25 per cent tariff on Indian-origin goods, raising total duties on many export categories up to 50 per cent, with effect from Friday. FIEO President S.C. Ralhan described the development as a "setback". He said that the duty hike can severely impact India's exports to the US, with approximately 55 per cent of India's US-bound shipment ...Read More >
New Delhi, Aug 25 (PTI) Rachit Prints Ltd, a Meerut-based speciality fabric manufacturer, on Monday said it has fixed the price band at Rs 140-149 per share for the Rs 19.5 crore IPO, which will open for subscription on September 1. The initial public offering (IPO) will conclude on September 3 and the shares of the company will be listed on BSE's SME platform, the company said in a statement. The public issue is entirely a fresh issue of up to 13.08 lakh equity shares with a face value of Rs ...Read More >
New Delhi, Aug 25 (PTI) Infrastructure EPC company Vikran Engineering on Monday said it has mobilised Rs 231.6 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from various investors, including Bank of India Mutual Fund (MF), ITI MF, Samco MF, SBI General Insurance, IMAP India, Bengal Finance and Investment, VPK Global, and Societe Generale, among others, according to a circular uploaded on the BSE websi ...Read More >
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