Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore … Read more
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed … Read more
As Japanese shares finally reclaim past peaks it harks back to a time when everyone in the country seemed to be a stock market millionaire – a Tokyo car park was worth more than New York’s Central Park and the future looked like one endless party. It is difficult now, after three long decades of … Read more
Fundraising activity in India will be stronger than ever over the next two years as conglomerates, tech firms and financial services providers hunt for capital to fuel growth and owners seize the moment to sell holdings, Bank of America Corp.’s co-head of investment banking in the country said. “2023 was the year of block trades, … Read more
Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front. In contrast, they are bullish on the debt market and injected … Read more
JK Tyre & Industries is looking at investing Rs 1400 crore over the next two years to expand capacity to meet demand for truck, bus and passenger car radial in the local market. Anshuman Singhania, Managing Director at JK Tyre & Industries told ET, the company is utilising 85% of available capacity and will be … Read more
Senegal’s outgoing president, Macky Sall, has postponed the country’s presidential election scheduled to take place this month, BBC is reporting. He said holding the election as scheduled “could gravely hurt” the ballot. He, however, did not set a new date. According to the BBC, Mr Sall said he would start “an open national dialogue… to … Read more
In a bid to combat the issue of fake notes, Pakistan’s central bank has announced its intention to introduce new currency notes equipped with advanced security features. Governor Jameel Ahmed of the State Bank of Pakistan shared that these notes will incorporate international best practices in security, featuring distinct security numbers and updated designs to … Read more
Pune-based Force Motors has firmed up plans to invest Rs 2000 crore over the next two years to enhance manufacturing capacity, digitalise operations, improve engines and step up research and development (R&D) in alternate fuel technologies to expand its footprint in the Indian market. Prasan Firodia, Managing Director, Force Motors said, “Between vehicle manufacturing and … Read more
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 80.62 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India’s strong macroeconomic fundamentals, political stability owing to the BJP’s success in recent elections in three significant states, … Read more
