Indian Market

SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch's Resignation

SEBI Employees Protest at Mumbai HQ, Demand Chairperson Madhabi Puri Buch’s Resignation

/ Indian Market

On September 5, around 200 employees of the Securities and Exchange Board of India (SEBI) staged a protest at the regulator’s headquarters in Mumbai. The protest was sparked by SEBI’s recent press release, which dismissed earlier employee complaints of an “unprofessional work culture” as being “misguided by external elements.” The employees are calling for the […]

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Minda Corp Stock Gains on Technology Licensing Agreement with China’s Sanco

Minda Corp Stock Gains on Technology Licensing Agreement with China’s Sanco

/ Indian Market

Shares of Minda Corporation rose over 2 percent on September 4 after the company announced a technology licensing agreement with China’s Sanco Connecting Technology, a leader in Electric Vehicle (EV) connection systems. This agreement aims to enhance Minda Corporation’s product portfolio in the growing EV industry, specifically in Electrical Distribution Systems (EDS). The agreement enables

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Rama Steel Tubes Jumps 13% on Strategic Collaboration with Onix Renewable

Rama Steel Tubes Jumps 13% on Strategic Collaboration with Onix Renewable

/ Indian Market

Shares of Rama Steel Tubes surged 13 percent on September 4, following the announcement of a strategic collaboration with Onix Renewable. By 11:30 am, the stock was trading at Rs 11.79 on the BSE, up 11.6 percent from the previous session’s close. This price surge was accompanied by a significant trading volume, with over 10

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JSW Cement's IPO Stalled by SEBI Due to Regulatory Probe Involving Jindal Family

JSW Cement’s IPO Stalled by SEBI Due to Regulatory Probe Involving Jindal Family

/ Indian Market

JSW Cement Ltd’s Rs 4,000-crore initial public offering (IPO) has encountered a significant hurdle as the Securities and Exchange Board of India (SEBI) has paused the approval process. The delay stems from an ongoing investigation into an alleged regulatory violation involving Sajjan Jindal, the controlling figure behind JSW Cement, and his siblings. SEBI is scrutinizing

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Raymond Group Plans to List Apparel and Real Estate Units by End of 2025

Raymond Group Plans to List Apparel and Real Estate Units by End of 2025

/ Indian Market

Raymond Ltd., an Indian conglomerate nearly a century old, is planning to list its apparel and real estate units by the end of 2025 as part of a strategic effort to enhance shareholder value. The group, which operates across diverse sectors including engineering, aerospace, fashion, and real estate, will have three listed entities by next

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Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains

Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains

/ Indian Market

Brigade Enterprises is expected to see positive movement in its stock on September 3 following the launch of a Qualified Institutional Placement (QIP) to raise Rs 1,500 crore. The Bengaluru-based real estate developer has set the floor price for the QIP at Rs 1,164.70 per share, reflecting a 5.7 percent discount from its previous closing

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Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5

Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5

/ Indian Market

Madhya Pradesh-based Shree Tirupati Balajee Agro Trading Company has filed its red herring prospectus (RHP) with SEBI, aiming to raise Rs 169.65 crore through an initial public offering (IPO). The IPO will open for subscription on September 5 and close on September 9, with the anchor book set to open on September 4. The offer

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GST Relief on Health Insurance Could Lead to Rs 3,500 Crore Revenue Loss, Warns Government Official

GST Relief on Health Insurance Could Lead to Rs 3,500 Crore Revenue Loss, Warns Government Official

/ Indian Market

A proposal to exempt health insurance policies from the current 18 percent Goods and Services Tax (GST) could result in an annual revenue loss of Rs 3,500 crore, according to a senior official involved in the discussions. This proposal is under consideration by the Fitment Committee ahead of the GST Council’s meeting on September 9.

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