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The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23. Also read:Why India Inc is slow to adopt AI tech However, excluding the mega LIC IPO of ₹21,000 crore in May 2022, the mop-up increased to […]

Force Motors Ltd board has decided to exit the tractor business, consisting of manufacturing and dealing in agricultural tractors, from the product portfolio of the company with effect from March 31, 2024. The company, under its product rationalisation programme, has decided to focus on its core segments such as shared mobility transportation, last mile mobility, […]

India’s gold imports are set to fall to the lowest in the last three years in view of soaring prices and sharp fall in demand. The bullion industry has been reeling under huge inventory as it imported huge quantity of gold in anticipation of higher demand. The industry had imported 110 tonnes of gold in […]

The domestic stock market is likely to open on a negative note on Thursday amid mixed global cues. Gift Nifty at 22,220, compared to Nifty April futures value of 22,331, indicates a gap-down opening. Most equities across the Asia-Pacific region are down in early deals despite the US stocks ending in the green overnight. Analysts […]

PN Gadgil Jewellers, a leading player in Maharashtra, has filed Draft Red Herring Prospectus with market regulator SEBI to raise ₹1,100 crore. The public offer consists of fresh equity issuance of up to ₹850 crore and an offer for sale of ₹250 crore by promoter-owned SVG Business Trust. The funds raised through the IPO are […]

The Commodity Participants Association of India has sought clarification from the banking regulator RBI whether clients with only underlying exposure will be allowed to trade in currency futures trading from April 5 and if so all the open positions need to be squared off before the deadline. In January, RBI had issued a circular stating […]

Ujjivan Small Finance Bank has partnered with Veefin Solutions Ltd to enhance supply chain finance offerings for MSMEs, addressing the sector’s working capital needs. Ujjivan SFB said that by leveraging Veefin’s platform, it aims to provide end-to-end solutions, bridging the credit gap in the MSME sector and fostering inclusive growth. “We are happy to partner […]

India’s buffalo meat (carabeef) production and exports are set to increase in 2024, the New Delhi Post of the US Department of Agriculture’s Foreign Agricultural Service has said.  In its report for the 2024 market year (January-December), the Post estimated buffalo meat consumption at 2.97 million tonnes (mt) in 2024 against 2.92 mt in 2023. […]

A hidden Chinese hand is behind gold’s current run to a record high apart from hopes of US Fed’s interest rates cut, weak dollar and geopolitical tensions. Gold soared to a record $2,222.49 an ounce earlier this week, before settling at $2,170 during the weekend.  Sample this. A small jewellery shop in Shuibei Jewelry Park […]

The combined market valuation of five of the 10 most valued firms eroded by ₹1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked ₹1,10,134.58 […]