Oil prices eased on Tuesday after a volatile trading session, as Iran and Israel paused attacks on each other, reducing immediate concerns over disruptions to energy supplies. The pullback came after both countries said they had stopped attacking each other following an appeal from US President Donald Trump. However, Tehran warned that it would resume…
MUMBAI: The government would divest up to 3% (nearly 4.2 crore shares) in NLC India (formerly Neyveli Lignite Corp) through offer for sale on June 9 to mobilise at least Rs 1,260 crore. Govt will offer nearly 2.8 crore shares (2% of the company) at a per-share floor price of Rs 303, almost 10% discount…
MUMBAI: Q-comm player Zepto on Monday filed its updated draft IPO papers with markets regulator Sebi, taking it a step closer to its public listing targeted some time in July.The startup is seeking to raise up to Rs 8,010 crore through fresh issue of shares. A bunch of the company’s existing investors including Nexus Venture…
MUMBAI: India’s growth story, anchored in domestic consumption demand, strong govt investments and improving private sector participation, has helped the country stand out as a resilient economy at a time of global turmoil due to geopolitical uncertainties, Sebi chief Tuhin Kanta Pandey said.“We are living in uncertain times. Ongoing geopolitical developments, including war in West…
NEW DELHI: Haleon, formerly GSK Consumer Healthcare, will invest about Rs 2,000 crore (£175 million) to establish its first manufacturing facility in India and South Asia, as the UK firm doubles down on high-growth markets. The move follows the company’s recent investment in China, highlighting the increasing role of emerging markets, which account for about…
Silicon Valley giant OpenAI is set to make a debut on Wall Street, as the firm confidentially filed paperwork for an initial public offering (IPO). The firm confidentially filed paperwork for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).As the filing remains confidential, details such as the number of shares…
MUMBAI: Reserve Bank of India has opened the dollar tap by taking on the currency risk itself to draw in overseas money, while nudging state-owned borrowers to look abroad for cheaper funds.RBI will not charge any premium for swapping dollars raised through foreign currency non-resident bank FCNR(B) deposits, effectively absorbing the entire forex risk and…
The government will divest up to a 3% stake in state-owned NLC India Ltd through an offer for sale (OFS), with the floor price set at Rs 303 per share, nearly 10% below the stock’s closing price on Monday.The OFS for non-retail investors will open on Tuesday, while retail investors can bid on June 10,…
The rupee surrendered most of its previous session’s gains and fell 43 paise to close at 95.61 against the US dollar on Monday weighed down by a sharp rise in crude oil prices and a stronger greenback amid escalating geopolitical tensions in the Middle East, PTI reported.Forex traders said risk aversion in global markets, higher…
Hyderabad: Sigma Advanced Systems on Monday said it has bagged an export contract worth US$21.97 million (nearly Rs 208 crore) to manufacture and supply 40,000 units of 155 mm M107 artillery shell bodies for a customer in North America.The Hyderabad-based company said the order has to be executed over a period of six months, with…
