BSE has received approval from capital markets regulator Sebi to launch derivative contracts on the “BSE Focused Midcap Index,” expanding its index derivatives basket at a time when exchanges have moved to a single weekly expiry structure. The new index measures the performance of the top 20 mid-cap companies selected based on free-float market capitalisation. […]
India’s largest payments app PhonePe has received regulatory approval for an initial public offering, except it has to file updated draft papers. That sets the stage for one of the most anticipated fintech IPOs in India. PhonePe leads India’s digital payments ecosystem with over 45% market share in UPI transactions. (HT) The PhonePe IPO is […]
AHMEDABAD: The Indian AI Research Organisation (IAIRO) will be established in Gujarat’s GIFT City through a public-private partnership among the Gujarat government, the Union government, and the Indian Pharmaceutical Alliance, the state government said in a statement. Gujarat Chief Minister Bhupendra Patel (@BJP4Gujarat) Chief minister Bhupendra Patel granted in-principle approval for the project on Tuesday […]
HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS) “We would like to inform you that the Reserve Bank of India (RBI) vide […]
Shares of Vedanta Ltd. surged to a record on Tuesday after a tribunal approved the company’s demerger into five separate units. Anil Agarwal, founder of the Vedanta Group (Handout) A two-member panel of the National Company Law Tribunal in New Delhi gave its nod to break up Vedanta’s business into five separate units, four of […]
Godrej Properties Ltd has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential development, Godrej Trilogy, in Worli, Mumbai. The company, in a regulatory filing on October 27, said it expects to generate over ₹10,000 crore in revenue from the project. The project is part of a […]
Radhakishan Damani, billionaire investor and founder of Avenue Supermarts Ltd. (DMart) has invested about ₹90 crore in Lenskart Solutions Pvt. Ltd. ahead of an IPO, PTI reported on Friday citing sources. As of March, Lenskart operated 2,723 stores—across India and in markets such as the Middle East and Southeast Asia. (Company Website) The Lenskart IPO, […]