Before the IPO opened for subscription, NSE had raised Rs 6,746 crore from more than 150 anchor investors. NSE IPO listing date today: National Stock Exchange of India’s shares will debut on the Bombay Stock Exchange and Metropolitan Stock Exchange of India (MSEI) today.Market participants are also tracking grey market movements closely ahead of the…
RBI deputy governor Poonam Gupta MUMBAI: RBI deputy governor Poonam Gupta said that despite multiple shocks, India’s inflation is likely to remain within the target band, unlike several advanced economies where inflation is running above target and may require higher interest rates. She also said that there was scope for the rupee to appreciate from…
BRICS economies must have say in global tax rules as negotiations shape cross-border taxation: FM Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday urged BRICS nations to share their experiences on treaty interpretation and multilateral negotiations in international taxation, saying global transfer pricing disputes “disproportionately” burden developing countries.India has proposed to set up two…
NO TRUCE Sameer Hiremath (left) and Baba Kalyani MUMBAI: Baba Kalyani voted against his own nephew and lost. Sameer Hiremath, 52, secured the chairmanship of Hikal despite opposition from Bharat Forge’s chairman and MD, with public shareholders tipping the balance.The resolution passed narrowly. Of the votes cast, nearly 52% backed Sameer’s appointment as CMD, against…
Adani Airports is the second-largest airport operator globally by passenger traffic, according to Bansal MUMBAI: Adani Airports CEO Arun Bansal said the company does not want to compete with its airline customers and has enough opportunities in the airport business, a day after govt said it was examining the pros and cons of allowing airport…
The vehicles, which will sell under the AMPSTAR brand, add to JSW’s auto portfolio that includes a joint venture with MG Motors, its own plans for JSW Motors and talks for buying into Skoda-VW in India. MUMBAI: Sajjan Jindal’s JSW Greentech is entering the crowded commercial vehicles business with electric trucks, hoping to not just…
Airtel Money, is preparing for an initial public offering on the London Stock Exchange to raise at least $800 million at an expected valuation of $8 billion to $9 billion. NEW DELHI: Sunil Bharti Mittal’s Airtel Money, a digital financial services platform operating across 13 African markets, has announced its plan to list on the…
Four agencies raise India’s growth projection NEW DELHI: The Asian Development Bank and OECD, along with ratings agencies S&P and Fitch, joined Moody’s in raising India’s growth forecast for the current year. ADB and S&P now expect India’s GDP to expand by 7% this year, compared with their earlier projection of 6.6%, while Fitch has…
MUMBAI: The insurance regulator has sought to curb distribution costs and misselling by tightening limits on commissions and other expenses, after a reform meant to give insurers greater flexibility instead resulted in a big chunk of premium income being gobbled up by distributors.The Insurance Regulatory and Development Authority of India (Irdai), in a consultation paper,…
The proposed ban comes as diesel prices have surged amid disruptions linked to the Trump administration’s war against Iran, which began in February, and Ukrainian attacks on Russian oil refineries. Farm-state Republicans have been pressing the administration to act as fuel costs rise. The Trump administration is preparing a 90-day ban on US diesel exports…
