Shares of Godrej Consumer Products Limited tumbled over 9% on December 9 after the company gave a cautious outlook for the October-December quarter. The company expects mid-single-digit sales growth for Q3 and has flagged subdued economic demand conditions. It has also warned of a “temporary downward breach” in its operating margins for the quarter, along […]
Godrej Consumer Shares Drop 9% After Q3 Growth Warning Read More »
Investors, led by the People Activism Forum, have petitioned the Delhi High Court to direct the Securities and Exchange Board of India (Sebi) to approve the National Stock Exchange’s (NSE) long-awaited initial public offering (IPO). The plea follows Sebi’s reluctance to issue a no-objection certificate (NOC) despite NSE reapplying on August 27, according to a
Investors File Plea in Delhi HC Urging Sebi to Approve NSE IPO Read More »
Inventurus Knowledge Solutions Ltd has announced the price band for its initial public offering (IPO) at Rs 1,265–1,329 per share. The IPO will open for subscription on December 12 and close on December 16, 2024. Anchor investor bidding will commence on December 11, with allotment finalisation on December 15. Refunds and equity share credits are
Inventurus Knowledge Solutions IPO Opens December 12, Sets Price Band at Rs 1,265–1,329 Read More »
Flipkart, India’s leading e-commerce platform, is preparing for an initial public offering (IPO) in the next 12-15 months, with plans to shift its corporate domicile from Singapore to India, according to reports. The Walmart-owned company, valued at $36 billion, has reportedly secured internal approvals for this strategic move, which aligns with its vision to list
Flipkart Plans IPO by 2026, Shifts Base to India for Domestic Listing: Report Read More »
International Gemmological Institute (IGI) India Ltd has announced a price band of ₹397-₹417 per share for its highly anticipated initial public offering (IPO). The company aims to raise ₹4,225 crore through this IPO, which will open for subscription on December 13 and close on December 17. Anchor bidding will commence on December 12, with the
International Gemmological Institute Sets IPO Price Band at ₹397-₹417 Per Share Read More »
The International Gemmological Institute (India), supported by Blackstone, is preparing for its initial public offering (IPO) on December 13. The company aims to raise ₹4,225 crore, combining a fresh issue of ₹1,475 crore and an offer-for-sale (OFS) worth ₹2,750 crore by its promoter, BCP Asia II TopCo Pte. The price band for the IPO will
Blackstone-Backed IGI to Launch ₹4,225 Crore IPO on December 13 Read More »
Paytm’s wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd (Paytm Singapore), announced the sale of its Stock Acquisition Rights (SARs) in Japan’s PayPay Corporation to SoftBank Vision Fund 2. The deal, valued at ¥41.9 billion (approximately ₹2,364 crore), is expected to conclude by December 2024, pending corporate approvals and other customary conditions. Deal Highlights Paytm’s Continued
Paytm Singapore to Sell Stock Acquisition Rights in PayPay for ₹2,364 Crore Read More »
Hyderabad-based Suven Pharmaceuticals has entered into definitive agreements to acquire a 56% equity stake in NJ Bio, Inc., a Contract Research, Development, and Manufacturing Organization (CRDMO) headquartered in Princeton, New Jersey. The $64.4 million transaction comprises a mix of primary equity infusion and secondary share acquisition. Key Details of the Acquisition NJ Bio is a
Suven Pharma Acquires Majority Stake in US-Based NJ Bio for $64.4 Million Read More »
Bajaj Healthcare’s manufacturing facility in Savli, Vadodara, Gujarat, has received approval from Australia’s Therapeutic Goods Administration (TGA). This achievement enhances its global credentials and allows direct supply of active pharmaceutical ingredients (APIs) to Australian and New Zealand markets. Already approved by the USFDA and the European Union, this latest certification is valid for 24 months.
Bajaj Healthcare Secures Australian TGA Approval for Gujarat API Site Read More »
Krishnamurthy V Subramanian, India’s top economist and Executive Director at the International Monetary Fund (IMF), highlighted the growing global confidence in India’s economic future. In an interview, he praised India’s public digital infrastructure and its focus on inclusive growth. Subramanian noted India’s steady post-COVID growth rate of 7%, despite recent slowdowns due to reduced capital
IMF’s Krishnamurthy Subramanian Says: ‘The world is bullish on India’ Read More »
