Indian Market

Investor Base Nears 11 Crore Mark in 2024; Uttar Pradesh Leads New Registrations

Investor Base Nears 11 Crore Mark in 2024; Uttar Pradesh Leads New Registrations

/ Indian Market

India’s registered investor base reached 10.7 crore by November 2024, nearing the 11-crore milestone, according to the latest data from the National Stock Exchange (NSE). This growth comes after the investor count crossed 9 crore in February and 10 crore in August, marking an impressive surge within just five months. Despite market corrections and concerns […]

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RBL Bank Exits DAM Capital with Rs 163 Crore Stake Sale During IPO

RBL Bank Exits DAM Capital with Rs 163 Crore Stake Sale During IPO

/ Indian Market

RBL Bank announced on December 26 that it has fully divested its 8.16% equity stake in DAM Capital Advisors through an Offer for Sale (OFS) during DAM Capital’s recent IPO. The sale fetched the bank Rs 163.32 crore, excluding taxes. Following this transaction, RBL Bank no longer holds any equity in the investment banking firm.

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Panacea Biotec Hits Upper Circuit on Securing UNICEF Vaccine Contract

Panacea Biotec Hits Upper Circuit on Securing UNICEF Vaccine Contract

/ Indian Market

Panacea Biotec shares reached the upper circuit limit of 5 percent on December 26 after the company received a Letter of Award (LoA) from UNICEF. The award is for supplying 115 million doses of its bivalent oral polio vaccine (bOPV). This significant contract is valued at approximately USD 14.95 million (around Rs 127 crore) and

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Rupee Declines 9 Paise to Hit a Fresh Record Low of ₹85.20 Against the US Dollar

Rupee Declines 9 Paise to Hit a Fresh Record Low of ₹85.20 Against the US Dollar

/ Indian Market

The Indian rupee continued its downward slide for the second consecutive session, falling by 9 paise to close at a new all-time low of ₹85.20 against the US dollar on Tuesday. This depreciation was attributed to a strong US dollar in global markets, subdued domestic equity performance, and surging crude oil prices. Analysts attributed this

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Sify Data Managed Services to Invest ₹847 Crore in Bengaluru's Aerospace Park

Sify Data Managed Services to Invest ₹847 Crore in Bengaluru’s Aerospace Park

/ Indian Market

Nasdaq-listed Sify Data Managed Services has announced an investment of ₹847 crore in Bengaluru’s Aerospace Park to strengthen its data center, network, and security service offerings. This move aligns with Sify’s ongoing partnerships with tech giants like Cisco to drive enterprise digital transformation. The investment was approved during the 64th State High-Level Clearance Committee (SHLCC)

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BPCL Begins Pre-Project Activities for ₹6,100 Crore Refinery in Andhra Pradesh

BPCL Begins Pre-Project Activities for ₹6,100 Crore Refinery in Andhra Pradesh

/ Indian Market

Bharat Petroleum Corporation Ltd. (BPCL) has announced the commencement of pre-project activities for establishing a greenfield refinery and petrochemical complex in Andhra Pradesh. The project is estimated to cost ₹6,100 crore and marks a significant step in BPCL’s expansion on India’s east coast. As part of the pre-project phase, BPCL will undertake various activities, including

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Indo Farm Equipment IPO: Price Band Set at ₹204-₹215 per Share

Indo Farm Equipment IPO: Price Band Set at ₹204-₹215 per Share

/ Indian Market

Indo Farm Equipment Ltd has announced its price band for the upcoming Initial Public Offering (IPO) at ₹204-₹215 per share. The IPO is scheduled to open on December 31, with the anchor book opening a day earlier on December 30. The public issue will close on January 2. Post-issue events include the basis of allotment

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Tata Group Plans Mega Rs 15,000-Crore IPO for Tata Capital in 2025

Tata Group Plans Mega Rs 15,000-Crore IPO for Tata Capital in 2025

/ Indian Market

After the successful listing of Tata Technologies, the Tata Group is gearing up for a major IPO of its financial services arm, Tata Capital, in 2025. This move aligns with the Reserve Bank of India’s (RBI) mandate for “upper layer” Non-Banking Financial Companies (NBFCs) to go public within a stipulated timeline. Tata Capital Prepares for

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