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News Desk

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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Adani Wilmar Shares Drop 9% as Promoter Offloads Stake via OFS

Adani Wilmar Shares Drop 9% as Promoter Offloads Stake via OFS

/ Indian Market /

Shares of Adani Wilmar plunged by 9.5% to Rs 292 apiece on January 10, continuing a three-day losing streak. The decline followed the launch of a two-day Offer For Sale (OFS) by promoter Adani Commodities, which aims to sell up to 20% stake in the company. The OFS opened for non-retail investors on 10 January

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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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Adani Wilmar's OFS for 20% Stake Opens January 10 at ₹275 Floor Price

Adani Wilmar’s OFS for 20% Stake Opens January 10 at ₹275 Floor Price

/ Indian Market /

Adani Commodities, a promoter entity of Adani Wilmar, will sell up to a 20% stake in the company through an Offer For Sale (OFS) scheduled for January 10 and 13. The floor price for the sale has been set at ₹275 per share, according to a company filing on January 9. Adani Wilmar’s shares closed

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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 »

Advait Energy Shares Gain on Letter of Intent from Gujarat Urja Vikas Nigam

Advait Energy Shares Gain on Letter of Intent from Gujarat Urja Vikas Nigam

/ Indian Market /

Shares of Advait Energy saw a 1.5% rise in early trading on January 9 after the company secured a significant Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for a 50 MW battery storage project. On the BSE, Advait Infratech Limited was trading at Rs 1,552.00 at 09:33 AM, up by Rs 22.35

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Foxconn, Dixon Seek Pending Subsidies Under Production Incentive Scheme

Foxconn, Dixon Seek Pending Subsidies Under Production Incentive Scheme

/ Indian Market /

Foxconn Technology Group and Dixon Technologies India Ltd., key players in India’s electronics manufacturing drive, have urged the government to release pending subsidies under the production-linked incentive (PLI) scheme. These subsidies, part of the Rs 41,000 crore ($4.8 billion) package, aim to encourage large-scale manufacturing in India but remain partially unallocated due to unmet production

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