Rupee hits new low of 86.31 against dollar, second day of decline The Indian rupee fell 27 paise to a new all time low of 86.31 against the US dollar in early trade on Monday. This is the second day of decline for the currency as a strong dollar and global uncertainty weighed on forex […]
Rupee Hits Record Low of 86.31 Against US Dollar Amid Global Pressures Read More »
Private life insurance companies continued their strong performance in December 2024, recording an 11.4% year-on-year growth in individual annual premium equivalent (APE). In contrast, LIC experienced a sharp 13% decline in individual APE, highlighting the widening gap between private insurers and the state-run giant. Private Players Maintain Momentum The 12.3% increase in individual APE at
Private Insurers Show Growth While LIC Faces Decline in December Premiums Read More »
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
SEBI Proposes Doubling Threshold for FPI Additional Disclosures to Rs 50,000 Crore Read More »
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
Laxmi Dental Raises Rs 314 Crore Through Anchor Investors Ahead of IPO Read More »
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
Sebi Chairperson Highlights Reduced Pendency in Mutual Funds and IPO Applications Read More »
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
Adani Wilmar Shares Drop 9% as Promoter Offloads Stake via OFS Read More »
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
Avax Apparels IPO Oversubscribed 247 Times, Receives Rs 474 Crore Worth Bids Read More »
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
China’s Central Bank Halts Government Bond Buying to Stabilize Yuan Read More »
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
Adani Wilmar’s OFS for 20% Stake Opens January 10 at ₹275 Floor Price Read More »
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 »
