Luxury and premium watch retail player Ethos' initial public offer got subscribed 44 per cent on the second day of subscription on Thursday. The Initial Public Offer (IPO) got bids for 17,61,557 shares against 39,79,957 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 68 per cent, non-institutional [...]
Akasa Air's launch of services is likely to be delayed further as the airline is expected to receive its first aircraft only in June or July, according to a senior DGCA official. The carrier, backed by ace investor Rakesh Jhunjhunwala, initially planned to start operations in June and then postponed the plan to July. A [...]
The initial public offer of Paradeep Phosphates was subscribed 1.75 times on the last day of subscription on Thursday. The IPO received bids for 47,02,00,150 shares against 26,86,76,858 shares on offer, according to NSE data. The portion meant for qualified institutional buyers got subscribed 3.01 times, retail individual investors 1.37 times and non institutional investors [...]
In view of difficulties being faced by exporters in getting payments from crisis-hit Sri Lanka, the RBI on Thursday allowed settlement of trade transactions in Indian rupee outside the Asian Clearing Union (ACU) mechanism. In March, the government had guaranteed a term loan of USD 1 billion extended by the State Bank of India (SBI) [...]
The government on Thursday said it has decided to lift the price cap of Rs 6,500 per quintal on raw jute from May 20 this year. It is expected that the cap removal will help the farmers, mills and jute MSME sector, wherein over 7 lakh people are dependent on the jute trade in addition [...]
The Assam Police has issued an advisory to Oil India Ltd (OIL) and ONGC regarding probable subversive activities by banned ULFA(I) militants on their installations in the state as well as their employees, officials said on Thursday. The two PSU energy majors have taken the security input "seriously" and already issued a series of "dos [...]
Punjab & Sind Bank on Thursday reported an over two-fold jump in net profit at Rs 346 crore for the quarter ended March 2022, helped by a decline in bad loans. The state-owned lender had posted a net profit of Rs 160.79 crore in the same quarter of the preceding fiscal year. Total income during [...]
NSE Academy, a subsidiary of National Stock Exchange (NSE), on Thursday said it has collaborated with Emkay Investment Managers, the asset management arm of Emkay Global Financial Services, to offer training programmes on future technologies. The NSE arm has signed an agreement with Emkay Investment Managers Ltd (EIML) to launch a programme "Definitive Course on [...]
E-commerce platform for pre-owned vehicles CARS24 has cut nearly 600 jobs in India, which the company on Thursday described as "performance-linked exits". CARS24, which also has presence in the Middle East, Australia and Southeast Asia, employs around 9,000 people in India. "This is business-as-usual performance-linked exits that happen every year," the company said when reached [...]
Brokerage house HDFC Securities on Thursday said it will be opening multiple digital centres in the country to boost digital adoption for its customers. This announcement is a part of the company’s commitment to empower its clients with the latest technological solutions to ease their trading journey, while helping them to take charge of their [...]
