Shares of Reliance Capital Ltd on Tuesday tumbled 5 per cent to its lower circuit limit, a day after the Reserve Bank superseded the board of the Anil Ambani promoted company. Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. It has businesses in asset management, [...]
Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]
Insurance behemoth Life Insurance Corporation of India will raise its stake in private sector lender Kotak Mahindra Bank to nearly 10 per cent, after receiving a grant of approval from the Reserve Bank of India (RBI). This is also subject to SEBI regulations, Foreign Exchange Management Act among others. Life Insurance Corporation of India (LIC) [...]
FinTech startup slice has raised USD 220 million in a Series B round that values the company at over USD one billion, making it India’s newest unicorn. The round was led by investors Tiger Global and New York-based global private equity and venture capital Insight Partners. New and existing investors including Advent International’s Sunley House [...]
Conglomerate ITC on Friday said it will acquire a 16 per cent stake in Mother Sparsh, a Direct-to-consumer (or D2C) Ayurvedic and natural personal care brand, for Rs 20 crore through a share subscription agreement. Mother Sparsh is a premium Ayurvedic and natural personal care start-up in the D2C space, focusing on mother and baby [...]
The Indian Energy Exchange or IEX shareholders approve the issue of bonus shares and an increase in authorised share capital. In a regulatory filing, the company said the shareholders have approved the resolutions as contained in the notice by the requisite majority on November 25, 2021, through the remote e-voting postal ballot process as set [...]
Tarsons Products shares on Friday listed with a premium of nearly 6 per cent against its issue price of Rs 662. The stock is listed at Rs 700, a gain of 5.74 per cent against the issue price on BSE. It further jumped 22.05 per cent to Rs 808. On NSE, it is listed with [...]
Cigarette-to-FMCG conglomerate ITC on Thursday confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated clinical trials. ITC Life Sciences and Technology Centre (LSTC) is an unlisted subsidiary of ITC. It is engaged in science-led product innovation to support and build its wide range of product portfolios. ITC Life [...]
F&O margin norms: SEBI’s decision to defer the implementation of the 50 per cent cash margin rule for future and options traders till February 28, 2022, will help market participants to adjust to the new process of segregation and monitoring, experts said on Wednesday. The earlier deadline was December 1, 2021. Earlier this year in [...]
The Union Cabinet on Wednesday approved a bill to repeal the three controversial farm laws, which triggered protests at Delhi borders by thousands of farmers, according to official sources. In a televised address on the occasion Gurpurab on November 19, PM Modi announced the withdrawal of the three farm laws saying the government could not [...]
