[ad_1] NEW DELHI: Mumbai-based EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE’s Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for…
[ad_1] NEW DELHI: India’s industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report.However, signs of recovery…
[ad_1] NEW DELHI: The department for promotion of industry and internal trade (DPIIT) is holding a meeting with alternate investment funds (AIFs) here to discuss ways to promote funding for startups in the country, an official said. The official added that as many as 75 AIFs are expected to participate in the deliberations. Issues like…
[ad_1] Kristalina Georgieva (AP photo) NEW DELHI: Kristalina Georgieva, International Monetary Fund (IMF) managing director, on Friday said India’s economy was expected to be a “little weaker” in 2025 as she presumed a lot of uncertainty in the world this year mainly around the US trade policies.“The US is doing quite a bit better than…
[ad_1] MUMBAI: SBI chairman C S Setty has called for expanding the pool of listed companies and promoting spot transactions, which are essential for better price discovery since over-reliance on derivatives hampers market depth and liquidity. He also called for moving from private placement toward open offers and use technology to reduce costs.Delivering the keynote…
[ad_1] New Delhi: Markets regulator Sebi on Friday issued guidelines to revamp the nomination process for mutual fund folios and demat accounts to enhance transparency and minimise unclaimed assets in the securities market.The new norms will come into effect from March 1 and cover a range of measures for investors and regulated entities, including asset…
[ad_1] BENGALURU: Infosys filed a counterclaim against Cognizant in a US court, alleging that its rival Cognizant and its CEO, Ravi Kumar, engaged in anticompetitive practices to stifle competition and maintain dominance in the healthcare payer software market. Infosys demanded a jury trial and sought triple compensation for damages incurred, along with appropriate legal fees…
[ad_1] BENGALURU: Instant delivery platform Dunzo co-founder Kabeer Biswas will head Walmart-owned Flipkart‘s quick commerce operations, Minutes, according to sources familiar with the matter. Founded in 2014 as a WhatsApp group, Dunzo pioneered a unique pick-up and drop service that expanded nationwide from its initial operations in Bengaluru.Reliance Retail led a $240 million round in…
[ad_1] Budget 2025 income tax: The highest marginal rate for individuals is 42.744%. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to reduce the personal income tax rates in the Union Budget 2025, says Assocham in its pre-Budget 2025 memorandum.“While corporate tax rates have become globally competitive, in order to…
[ad_1] NEW DELHI: British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in…
