Indian Market

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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NSE and BSE to Remain Open for Trading on Saturday, February 1, During Union Budget 2025

NSE and BSE to Remain Open for Trading on Saturday, February 1, During Union Budget 2025

/ Indian Market /

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced that they will remain operational on Saturday, February 1, 2025, to allow live trading during the presentation of the Union Budget. The exchanges released a circular on December 23 confirming the special trading session. This practice aligns with previous years, where stock

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SEBI Suspended Trading in Bharat Global Developers Over Financial Misrepresentation Allegations

SEBI Suspended Trading in Bharat Global Developers Over Financial Misrepresentation Allegations

/ Indian Market /

Shares of Bharat Global Developers hit a 5% lower circuit on December 23 after the Securities and Exchange Board of India (SEBI) suspended trading in the company’s stock until further notice. SEBI also imposed a permanent ban on the company’s promoters from accessing capital markets. The action followed a December 16, 2024 complaint and social

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NTPC Green Energy in Focus After Signing MoU for Renewable Energy Projects in Bihar

NTPC Green Energy in Focus After Signing MoU for Renewable Energy Projects in Bihar

/ Indian Market /

NTPC Green Energy’s share price is likely to remain in focus on December 23 following the signing of a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. The agreement aims to boost renewable energy investments in the state, encompassing projects like ground-mounted and floating solar installations, battery energy storage systems, and

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Infomerics Valuation and Rating Pays Rs 57.63 Lakh to Settle SEBI Allegations

Infomerics Valuation and Rating Pays Rs 57.63 Lakh to Settle SEBI Allegations

/ Indian Market /

Infomerics Valuation and Rating, a credit rating agency (CRA), has paid Rs 57.63 lakh to settle allegations of violating the Credit Rating Agencies (CRA) Regulations. The settlement order was issued by the Securities and Exchange Board of India (SEBI) on Friday. Details of Allegations SEBI conducted an inspection of Infomerics for the period from February

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GSP Crop Science Submits IPO Papers for Rs 280 Crore Fresh Issue and Offer-for-Sale

GSP Crop Science Submits IPO Papers for Rs 280 Crore Fresh Issue and Offer-for-Sale

/ Indian Market /

GSP Crop Science, an agrochemical company based in Gujarat, has filed draft papers with SEBI to launch an initial public offering (IPO). The IPO will include a fresh equity issuance worth Rs 280 crore and an offer-for-sale (OFS) of 60 lakh shares by its promoters. Promoters Vilasben Vrajmohan Shah, Bhavesh Vrajmohan Shah, and Kappa Trust

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