Category: Uncategorized

[ad_1] IndiGo co-founder Rakesh Gangwal is looking to raise over ₹3,730 crore by paring down his stake in the airline via block trade scheduled for Wednesday. Gangwal has offered around 15.6 million shares for sale equal to 4 per cent stake in the airline at a floor price of ₹2,400 per share.  The offer price is […]

[ad_1] Finance Ministry on late Monday notified raising windfall gain tax on domestically produced crude and export bound diesel while reimposed on jet fuel. An increase has been finalised due to a rise in crude oil prices in the global market. According to a notification issued by the Ministry, Special Additional Tax Duty (SAED), better […]

[ad_1] Benchmark equity indices bounced back sharply and ended in the positive territory on Monday, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The BSE Sensex climbed 79.27 points or 0.12 per cent to settle at 65,401.92. During the day, it fell 500.77 points […]

[ad_1] After three months of strong inflows into India’s equity markets, FPI investments has slowed down to just over ₹3,200 crore in the first half of August. Foreign Portfolio investors have invested between ₹43,000 crore and ₹46,600 crore in the previous three months.  The market lacked conviction and remained in a slender range throughout the […]

[ad_1] Commitments from alternative investment funds (AIFs) have inched up to Rs 8.44 trillion in the quarter ended June, registering quarter-on-quarter growth of a mere 1.3 per cent, regulatory data shows. Global headwinds, including rising interest rates and inflationary pressures, have made it difficult for funds to garner commitments, said market watchers. Also read: SEBI […]

[ad_1] RK Swamy Ltd, an integrated marketing services provider offering a single-window solution for creative, media, data analytics and market research services, has filed its Draft Red Herring Prospectus with market regulator SEBI. The company’s initial public offering comprises a fresh issue aggregating up to ₹215 crore and an offer-for-sale of up to 8,700,000 equity […]

[ad_1] The Centre has allowed States to notify losses to crops due to wild animal attacks as an add-on cover to the PM crop insurance scheme, according to Narendra Singh Tomar, Union Agriculture and Farmers’ Welfare Minister. Replying to a query on inclusion of crop loss due to attacks by wild animal under Pradhan Mantri […]

[ad_1] In its August review, MSCI, the index provider, added eight Indian companies to its MSCI Global Standard Index, effective September 1. The newly included stocks are Power Finance Corporation (PFC), REC, HDFC AMC, IDFC First Bank, Astral, Cummins India, and Supreme Industries, while ACC has been excluded from the index. This move did not […]

[ad_1] Pyramid Technoplast, an industrial packaging company, plans to raise ₹153 crore through an initial public offering which opens next Friday and closes on August 22. The company will offer 92.20 lakh equity shares at a price range of ₹151-166. The offer includes fresh equity issuance of ₹91.30 crore and offer for sale of ₹61.75 […]

[ad_1] U.S. equities concluded the trading day with declines on Wednesday, following a report indicating a surge in credit card borrowing among Americans during the last quarter. The market also braced for the upcoming U.S. Consumer Price Index (CPI) inflation data, which holds the potential to influence decisions regarding interest rates by the Federal Reserve. […]