ED alleged in affidavit to Ahmedabad court that Bahubali Shah and brother Shreyansh Shah routed more than Rs 26 cr to corner shares of NTPC and TCS during Initial Public Offerings.
Global media also reported on the safe return of Hindu pilgrims who had crossed the border to Pakistan to visit Katas Raj temples in Chakwal & remembered 'Kerala’s pride’ MT Vasudevan Nair.
The company's IPO attracted bids worth about $38.60 billion, making it the most sought-after opening this year. 200 debutant companies have raised more than $7 billion this year.
Sawhney Automobiles, registered under Resourceful Automobile, went in for a modest IPO of Rs 12 crore, but instead received bids 400 times that amount, totalling Rs 4800 crore by the time the issue closed.
Delhi-based bike dealership made many potentially business-disruptive disclosures in pre-IPO documents. But that didn't deter retail investors from oversubscribing by nearly 400 times.
Oyo is preparing to file a fresh IPO document by this week. The company had initially filed to go public in October 2021 but delayed the share sale due to market conditions.
Although, Tata Tech, which provides engineering and product development services, will not offer any of its shares, representing 23.6% of its paid-up share capital, to be sold in the IPO.
An October report says number of unicorn start-ups fell from 105 to 84. Inflated valuations, rise in M&As & fresh IPOs next year can result in even more of them losing tag of unicorn.
Past FTAs failed to yield much benefit because they exposed domestic industries to global competition without strengthening the manufacturing ecosystem.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
COMMENTS