MUMBAI: Sebi is proposing that companies filing IPO documents should file a summary of the offer with most important points in it. It’s also proposing to do away with the practice of filing an abridged offer document.Sebi is also proposing to include shares pledged by the promoters of an IPO-bound company for lock-in by the…
Indian professionals celebrate upward market trends on a bustling stock exchange trading floor, bathed in bright, energetic light. MUMBAI: In a first, three Indian startups are going public in a week. Many early investors are minting money with IPOs set to become a dominant mode of exit for most of them going ahead — a…
MUMBAI: Your next pack of Biscoff cookies will be made in India which also means you will be paying less for them. The Belgian brand from the house of Lotus Bakeries has started local production in India in partnership with Cadbury chocolates and Oreo cookies maker Mondelez as the family run Brussels listed company plans…
. NEW DELHI: Hero MotoCorp on Thursday reported a 23% rise in consolidated net profit to Rs 1,309 crore in Q2, aided by sales growth. Revenue from operations rose to Rs 12,218 crore in Q2 against Rs 10,483 crore in the corresponding period of 2024-25. Source link
BENGALURU: Manipal Education and Medical Group India (MEMG) submitted an expression of interest (EoI) to participate in corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of Byju’s.In a statement on Thursday, MEMG India said it sought inclusion in list of prospective resolution applicants and requested access to company’s financial and operational…
The 30-year US mortgage rate rose slightly for the second consecutive week but stayed close to its lowest level of the year.Freddie Mac, quoted by AP, reported on Thursday that the long-term mortgage rate increased to 6.24 per cent from 6.22 per cent the previous week. A year earlier, the rate stood at 6.78 per…
Ford Motor Company CEO Jim Farley has issued one of his starkest warnings yet about America’s labour future, revealing that the company is struggling to fill 5,000 skilled-mechanic roles despite offering salaries of around $120,000. Calling it a “serious problem” for the country, Farley said the shortage of trained workers is no longer an industry…
Michael Burry, the renowned “Big Short” investor, has terminated his hedge fund, Scion Asset Management’s registration. According to the Securities and Exchange Commission’s database, Scion’s status changed to “terminated” as of November 10, eliminating the need for regulatory filings, as reported by Reuters.Scion, which controlled $155 million in assets as of March, has been closely…
Stock markets in the United States were at a low as investors await further economic indicators. The S&P 500 declined by 0.4% in early Thursday trading, moving away from its recent record high achieved in the previous month. The Dow Jones Industrial Average dropped 41 points, while the Nasdaq composite fell 0.7%. After the longest…
State Bank of India, the country’s largest lender, said it aims to complete the modernization of its core banking infrastructure within two years. Speaking at the Singapore FinTech Festival 2025, Ashwini Kumar Tewari, managing director (corporate banking & subsidiaries), said the bank is transforming its legacy systems through what he called a “four-axis strategy” of…
