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SEBI) to raise funds through an initial public offering (IPO). The IPO includes a fresh issue of shares worth up to Rs 700 crore and an offer-for-sale (OFS) of 20 million shares by the promoters, Pawan Kumar Garg and Yogesh Dua, who will sell 10 million shares each. The offering also features a reserved portion for eligible employees, with a discount available under the employee reservation segment.

Subscribe to enjoy similar stories. The Indian economy has grown steadily, but the lack of momentum in consumption and the impact of high food inflation have not gone unnoticed. The fact sheet of the latest Household Consumption Expenditure Survey (HCES), conducted between August 2023 and July 2024, confirms the lacklustre growth in consumption spending and a marginal shift from non-food items to food items due to high prices.

China has reported its factory activity expanded at a slower pace in December, despite recent stimulus measures and in the face of increasing trade risks

People in Zimbabwe are shunning traditional grocery stores to do their shopping at informal and illegal markets that pop up at night to avoid police raids rampant during the day

Check all the updates on the celebrations of Happy New Year 2024 here!Happy New year 2025 LIVE: Amid the increasing number of tourists for the New Year, Uttarakhand CM Pushkar Singh Dhami has directed officials to ensure smooth traffic flow and take special care of the security component in managing the traffic system of the state.The resort town of Gulmarg, located in the Baramulla district of Jammu and Kashmir, continues to attract large numbers of tourists for the New Year season.Varanasi has started attracting a huge influx of tourists ahead of the New Year. DCP Kashi Zone, Varanasi, Gaurav Banswal, stated measures taken to ensure a smooth celebration, including police patrol, road diversions for traffic regulation, etc."Jal police and NDRF are regularly patrolling the area.

Subscribe to enjoy similar stories. US President-elect Donald Trump has always called India the “tariff king". According to him, India has always levied high taxes on imports.

IPO) of Indo Farm Equipment was fully subscribed within minutes of opening for public subscription earlier today. The retail portion witnessed a buoyant demand, being subscribed by 3.9 times at 10:40 am today, followed by the NIIs, who had subscribed to the issue by 2.74 times. Meanwhile, the qualified institutional buyers (QIBs) had bid for merely 2,898 shares.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says 2025-2027 will be very beneficial for Adani Enterprise. The company is developing many businesses, and each one is getting close to being listed on its own. For instance, Adani Airports and Adani Roads, which are part of Adani Enterprise, are expected to become independent companies during this time. Additionally, the issues from last year regarding excessive debt have been managed effectively. Choksey believes this will lead to better cash flow, driving further growth for the company. Therefore, Adani Port will likely remain a strong partner alongside Adani Enterprise. Choksey also says that 2025 should be the year when Reliance would list the Jio platforms and that is where the earning opportunity should be. We have to watch out how the industrials and capex pick up. Ashoka Buildcon has managed to sell 11 SPVs and is going to get liquidity to the tune of around Rs 2400 crore. Any other infrastructure and EPC name that you have been tracking closely? Deven Choksey: Overall, the entire size of the opportunity is becoming big because the government is spending big time money on building the infrastructure. If the budget of Rs 11,000 crore has been completed, then further money has been allocated in this particular period. I guess the government will be distinctly comfortable allocating more money towards infrastructure building even in the current year. That is where the budget allocation would play a meaningful role.

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated in his first comments on the growth outlook since assuming office earlier this month.

Subscribe to enjoy similar stories. About eight years ago, just as the Indian smartphone market was heating up, a side war ensued for premium, noise-cancelling, wireless headphones. Soon enough, three recognized brands—Bose, Sennheiser and Sony—took on each other with headphones that were almost evenly stacked.

Subscribe to enjoy similar stories. PPFAS Asset Management Company, which runs India’s largest actively run mutual fund scheme, held its recent annual unitholders’ meeting. Its flagship Flexicap fund has registered a stellar five-year compound annual growth rate (CAGR) of 26%.

India made it to the high table of clean energy superpowers with installed capacity crossing 200 gigawatts and projections of investment doubling to over USD 32 billion in 2025. According to the International Energy Agency, India's annual renewable capacity additions through 2030 are expected to increase more quickly than any other major economy, including China. It seeks India's capacity addition more than quadrupling from 15 GW in 2023 to 62 GW in 2030. By the end of 2024, its installed capacity touched 205 GW.

ICICI Lombard General Insurance Company Ltd. traded 0.45 per cent up at Rs 1800.10 at around 10:45AM (IST) on Tuesday. The stock had closed at Rs 1808.25 in the previous session. Equity benchmark Sensex traded 400.78 points at 77847.35 around the same time.

Subscribe to enjoy similar stories. BENGALURU : Peak XV Partners-backed health-tech firm Pristyn Care is in early talks to raise up to $100 million from new and existing investors in a largely primary round, three people close to the development told Mint. "It is likely to be between $50-100 million that will materialize sometime in the first half of next year," one of the people said. The person added that the company, whose valuation is yet to be decided, plans to use the proceeds for its expansion.

InCred Equities has a reduce call on SBI Cards and Payment Services with a target price of Rs 500. The current market price of SBI Cards is Rs 673.7. SBI Cards, incorporated in 1998, is a Small Cap company with a market cap of Rs 64039.35 crore, operating in Financial Services sector. SBI Cards and Payment Services' key products/revenue Segments include Fees & Commission Income, Interest, Other Services, Sale of services and Commission for the year ending 31-Mar-2024.

Indian markets are likely to trade lower on Tuesday tracking muted global cues. Benchmark indices closed lower in the previous trading session. Sectorally, buying was seen in FMCG, IT, telecom and healthcare stocks while selling was seen in auto, capital goods, metal and realty stocks on Monday.

buy call on JSW Infrastructure with a target price of Rs 375. The current market price of JSW Infrastructure is Rs 322.2. JSW Infra, incorporated in 2006, is a Small Cap company with a market cap of Rs 67830.05 crore operating in Shipping sector. JSW Infrastructure's key products/revenue segments include Cargo Income for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. The fortunetellers say I’ll retire rich. Not Buffett rich, but rich enough for my wife and me to live in premium-economy comfort well into our 90s and still leave something to our kids.