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News Desk

Private Insurers Show Growth While LIC Faces Decline in December Premiums

Private Insurers Show Growth While LIC Faces Decline in December Premiums

/ Indian Market

Private life insurance companies continued their strong performance in December 2024, recording an 11.4% year-on-year growth in individual annual premium equivalent (APE). In contrast, LIC experienced a sharp 13% decline in individual APE, highlighting the widening gap between private insurers and the state-run giant. Private Players Maintain Momentum The 12.3% increase in individual APE at […]

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SEBI Proposes Doubling Threshold for FPI Additional Disclosures to Rs 50,000 Crore

SEBI Proposes Doubling Threshold for FPI Additional Disclosures to Rs 50,000 Crore

/ Indian Market

The Securities and Exchange Board of India (SEBI) has proposed increasing the threshold for foreign portfolio investors (FPIs) required to make additional disclosures. The current threshold of Rs 25,000 crore in equity assets under management (AUM) is proposed to be doubled to Rs 50,000 crore, considering the significant rise in market volumes. In a consultation

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Laxmi Dental Raises Rs 314 Crore Through Anchor Investors Ahead of IPO

Laxmi Dental Raises Rs 314 Crore Through Anchor Investors Ahead of IPO

/ Indian Market

Laxmi Dental, a leading manufacturer of dental products, has raised Rs 314.1 crore from institutional investors via its anchor book ahead of the Rs 698-crore IPO. The initial public offering (IPO) will open for subscription on January 13 and close on January 15, with a price band of Rs 407-428 per share. The IPO comprises

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Sebi Chairperson Highlights Reduced Pendency in Mutual Funds and IPO Applications

Sebi Chairperson Highlights Reduced Pendency in Mutual Funds and IPO Applications

/ Indian Market

The time taken for processing mutual fund and IPO applications has significantly reduced over the years, according to Sebi Chairperson Madhabi Puri Buch. Speaking at a symposium in Mumbai on January 10, she noted that as of November 2024, only two IPO applications and one mutual fund application older than six months remain pending, compared

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Avax Apparels IPO Oversubscribed 247 Times, Receives Rs 474 Crore Worth Bids

Avax Apparels IPO Oversubscribed 247 Times, Receives Rs 474 Crore Worth Bids

/ Indian Market

Avax Apparels and Ornaments, a wholesaler of knitted fabrics and an online retailer of silver ornaments, has seen an overwhelming response to its Initial Public Offering (IPO). The public issue, which aimed to raise Rs 1.92 crore, garnered bids worth Rs 474.06 crore during its subscription period from January 7-9. The IPO, priced at Rs

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China’s Central Bank Halts Government Bond Buying to Stabilize Yuan

China’s Central Bank Halts Government Bond Buying to Stabilize Yuan

/ Indian Market

The People’s Bank of China (PBOC) has announced a temporary suspension of government bond purchases, aiming to curb investor speculation on weak economic growth. The central bank cited an imbalance in supply and demand for sovereign bonds as the reason for this pause, according to a statement on Friday. The decision comes at a time

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TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced

TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced

/ Indian Market

Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for Q3 FY25, reaching ₹12,380 crore compared to ₹11,058 crore in the same quarter last year, surpassing market estimates. The company’s consolidated revenue grew by 6% year-on-year to ₹63,973 crore from ₹60,583 crore, although it fell short of projections. Sequentially, TCS’s net profit

TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced Read More »

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