Agro-chemical firm GSP Crop Science Pvt Lt is looking to launch a Rs 500-crore IPO (Initial Public Offering) by next year, according to its managing director Bhavesh Shah. The company, which needs funds for expansion of its business operation, plans to soon file a draft red herring prospectus with capital markets regulator Sebi, he said. [...]
Gotabaya Rajapaksa's political destiny has turned a full circle from being a popular Sri Lankan president to a symbol of hatred within a short span of just 30 months. The man elected with a 60 per cent popular majority from among the Sinhala Buddhist majority is in hiding. Having fled the Presidential Palace on the [...]
Information technology stocks are likely to remain under pressure in the near-term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts. While the country's largest software exporter TCS reported a 5.2 per cent rise in June quarter net profit on Friday, kicking off the latest [...]
For years they tiptoed around each other but now the groups led by billionaires Mukesh Ambani and Gautam Adani will for the first time be in direct competition when they later this month participate in the auction of airwaves capable of providing fifth generation or 5G telecom services. But the rivalry between the two politically [...]
Housing sales in Delhi-NCR jumped 2.5 fold annually during January-June on revival in demand and lower base effect, while prices rose 7 per cent, according to property consultant Knight Frank India. In its latest half-yearly report 'India Real Estate: Residential and Office Market H1 2022', the consultant said sales of residential properties rose to 29,101 [...]
Geo-political instability appears to be taking a toll on the Indian startups with the total funding declining by 40 per cent to USD 6.8 billion in the April-June quarter, reveals a PwC India report. The early-stage deals comprised more than 60 per cent of the total with an average ticket size of USD 5 million, [...]
India on Sunday handed more than 44,000 metric tonnes of urea under a credit line extended to crisis-ridden Sri Lanka, as part of New Delhi’s ongoing efforts to support the island nation’s farmers and help bolster bilateral cooperation for food security, the Indian High Commission here said. Indian High Commissioner to Sri Lanka Gopal Baglay [...]
Asset management companies added 51 lakh investor accounts in June quarter, taking the total tally to 13.46 crore, on increasing awareness about mutual funds and ease of transactions through digitisation, and experts hope the ongoing financial year to be promising too. In comparison, 93 lakh accounts (or folios in mutual fund parlance) were opened in [...]
Banks and shareholders have given their approval to hive off cargo and logistics company SpiceXpress from SpiceJet airline and the bifurcation will be done by the first week of August, the carrier's CMD Ajay Singh has said. SpiceJet had on August 17 last year announced it was transferring its cargo and logistics services on a [...]
Exuding confidence that the price situation will gradually improve in the second half of the current fiscal, RBI Governor Shaktikanta Das on Saturday said the central bank would continue to take monetary measures to anchor inflation with a view to achieving strong and sustainable growth. Inflation is a measure of the trust and confidence that [...]
