The Securities and Exchange Board of India (SEBI) has imposed a two-year ban on Rana Sugars, along with its promoters and officials, from participating in the securities market. This decision follows a recent ban on industrialist Anil Ambani from the market as well. In addition to the ban, the board has levied a hefty penalty ...
In a notable development in the Indian stock market, TPG, a prominent asset management firm, recently executed a transaction to divest a 3% stake in Tata Technologies for a staggering ₹1,230 crore. This transaction occurred through open market dealings and underscores TPG’s strategic move to recalibrate its investment portfolio in the technology sector. Details of ...
The landscape of road construction companies in India is on the brink of transformation. With the upcoming fiscal year set to witness a significant shift in the growth trajectory of these firms, the national highway sector is brimming with opportunities, albeit amidst challenges. Current Financial Projections According to recent reports, especially from the rating agency ...
In recent years, India has been facing challenges in rice production and export. However, the current trends indicate a positive shift. The government imposed a ban on rice exports last year to maintain affordable prices domestically, due to a decline in production. This ban had significant repercussions in international markets, particularly in the United States ...
The Indian coal sector has shown remarkable performance in recent months, contributing significantly to the national economy. Over the past four months, from April to July, the Modi government has garnered a staggering ₹20,071.96 crores from coal sales. This marks a 2.06% increase compared to the same period last year when the contribution was ₹19,666.04 ...
The Prime Minister’s Jan Dhan Yojana (PMJDY) was initiated nearly ten years ago with a noble goal: to provide every citizen with access to essential banking and financial services. From the moment the Modi government took office, a comprehensive plan was set in motion to ensure that even the poorest individuals could access banking facilities ...
Introduction Pioneer in solar cell and module manufacturing, Premier Energies, recently launched its Initial Public Offering (IPO), which garnered overwhelming interest on its first day, receiving a subscription of 2.1 times. This enthusiasm from investors reflected a growing interest in renewable energy investments, especially in the Indian market, where solar energy is rapidly gaining traction. ...
Introduction In a significant move for the real estate and fintech sectors in India, Tishman Speyer, one of America’s leading real estate companies, has announced a partnership with Axis Asset Management Company Limited (Axis AMC) to construct a state-of-the-art office complex in Fintech City, Chennai. This venture marks an essential step towards developing a world-class ...
As the festival season begins in India, the demand for gold and silver inevitably rises, reflecting positively on their market prices. The festive sparkle brought by occasions like Raksha Bandhan and Janmashtami has significantly boosted the prices of these precious metals, leading to a notable uptick in the market. On Tuesday, both gold and silver ...
India’s Finance Minister Nirmala Sitharaman recently addressed the allegations made by the Congress Party regarding the government’s policy actions. In her statement, she firmly asserted that the government has not made any “U-turn” in its policies. According to her, various options have been provided to the people concerning the Old Pension Scheme (OPS), indexation, and ...