The State-owned renewable energy giant said on Monday that it has raised around ₹3,960 crore from investors in its anchor round, according to the exchange filing, ahead of the company’s proposed initial public offering (IPO). As per the exchange filing, the company has allocated 36,66,66,666 or 36.66 crore equity shares to the anchor investors at

NEW DELHI: SBI chairman CS Setty on Monday said that the structural transformation in the domestic banking sector is driven by investment opportunities aided with ease of doing business and digitalization. He also pointed out that, over the past decade, banks have not placed sufficient emphasis on deposits.At a panel discussion on the ‘role of

NEW DELHI: The government looks to revolutionise the maritime sector by 2047 with an investment of Rs 80 lakh crore to enhance port capacity, shipping, ship building and inland waterways, Union Minister Sarbananda Sonowal said on Monday. Addressing ‘Sagarmanthan – The Great Oceans Dialogue’, Sonowal said key projects include the Vizhinjam International Seaport in Kerala,

ArisInfra Solutions IPO: ArisInfra Solutions Limited received the green signal from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company submitted its draft red herring prospectus (DRHP) to the market regulator on August 14, 2024. ArisInfra Solutions Limited is a business-to-business (B2B) firm which uses technology to

Waaree Energies Q2 Results: Waaree Energies Limited announced their July to September quarter results on Monday, November 18. The company recorded a 17 per cent rise in net profits to ₹375.65 crore in the second quarter of the financial year 2024-25, compared to ₹320.12 crore in the same quarter the previous year, according to the

US stocks were mixed on Monday, as investors awaited crucial earnings especially from chip giant Nvidia and on lingering concerns that the Federal Reserve is not in a rush to cut interest rates further. The Dow Jones Industrial Average fell 35.21 points, or 0.08 per cent, to 43,409.78, the S&P 500 rose 5.59 points, or

India’s economic growth requires “far more affordable” bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy remained on course. “At a time when we want industries to ramp up and build capacities, bank interest rates will have to be far more affordable,” the minister,

Succession Wealth has acquired advice group True Wealth, marking the national advice group’s first foray into Northern Ireland. The deal, for an undisclosed amount, will be Succession’s fifth acquisition since being taken over by Aviva in 2022, and its third this year. Leeds-headquartered True Wealth owns majority stakes in five advice firms, according to filings

The GST Council is gearing up for a pivotal meeting on December 21st, where a decision on the GST rate for health and life insurance will take center stage. The Council is also considering proposals to increase GST on higher-priced footwear and wristwatches, potentially raising rates from 18% to 28%. The GST Council is set

Zinka Logistics Solutions IPO: The Flipkart-backed initial public offering (IPO) of Zinka Logistics Solutions Limited opened for subscription on Wednesday, November 13, and closed after the market session on Monday, November 18. The IPO was subscribed 1.86 times on the third and final day of the bidding process, as investors bid for 4.19 crore equity