6th Oct 2021
The digital driven Fintech player, Fino Payment Bank, has got SEBI approval for its proposed IPO. Fino Payments Bank had filed the DRHP for the IPO in the last week of July. According to estimates, Fino Payments Bank will raise Rs.1,300 crore through
On 05th October, Moody’s raised India’s sovereign rating outlook from “Negative” to “Stable”. However, the sovereign rating for India’s local and foreign currency debt was maintained at Baa3. It may be recollected that at the peak of th
The Rs.2,768.26 crore of Aditya Birla Sun Life AMC IPO, consisting entirely of an offer for sale (OFS), was subscribed 5.25X overall at the close of bidding on 01st October. The basis of allotment will be finalized on 06th October, demat credits will
5th Oct 2021
The Primary Markets Advisory Committee (PMAC) of SEBI has made some interesting recommendations for the HNI (non-institutional investors) segment. Currently, individual applications up to Rs.200,000 are classified as Retail Applications while individ
Sugar stocks may have been sharply up on 04-Oct, but if you look at sugar stocks from a slightly longer term perspective of 1 year, the outperformance is really visible. Company CMP (05-Oct) 5
The month of Sep-21 saw a surge in gold imports which was one of the key factors triggering a spurt in merchandise trade deficit for Sep-21 to an all-time high of $23 billion. For September, the total gold imports stood at $5.1 billion; a growth of 7
In the biggest inorganic renewable energy deal in the Indian markets, Adani Green Energy bought SB Energy Holdings for a consideration of $3.50 billion or Rs.26,000 crore. It was an all-cash deal and marks the biggest inorganic investment of Adani Gr
In a move that was being demanded by the banks for some time, RBI has superseded the boards of SREI Infra and SREI Equipment Finance. RBI has appointed Rajneesh Kumar, the former CGM of Bank of Baroda, as the administrator for the two companies. The
4th Oct 2021
It was a tale of two stories for the auto sector sales in the month of September. Despite the upcoming festive season, the chip shortage has hit the sales numbers of most of the large passenger car companies. Smaller passenger car companies were bett
A little over a week after SEBI approved the setting up of the gold exchange and trading in electronic gold receipts (EGRs), the BSE appears to be all set to go. According to a statement given by the BSE, the exchange was technologically ready to lau
India has traditionally struggled to produce enough coal to meet demand. However, the crisis of coal has never been this bad. According to reports coming in from the thermal power plants in India, coal stocks are critically low. This is all the more
Ritesh Agarwal is already India’s youngest self-made dollar billionaire at the age of 27. But he has bigger plans to take the company public. Oravel Stays, the company that operates OYO Rooms, has filed the draft red herring prospectus (DRHP) with
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