Brigade Group has achieved unprecedented milestones in its latest quarter, reporting a significant 46% increase in real estate sales compared to Q2 FY24, amounting to a record-breaking ₹1,821 crore. Additionally, Brigade’s quarterly collections hit a historic high of ₹1,936 crore, marking a 35% surge year-on-year. The property developer’s strong financial performance highlights a robust market […]
In a fresh regulatory blow to the Adani Group, India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued show-cause notices to six companies within the conglomerate. The notices, filed under scrutiny for non-compliance with listing regulations and questionable related party transactions, affect several of Adani’s prominent companies, including Adani Enterprises, Adani […]
Swiggy, the Indian food delivery giant, is making waves with its recent announcement to launch an Initial Public Offering (IPO) on November 6. This ambitious move, estimated to raise Rs 12,000 crore, includes a Rs 3,750 crore fresh issue and a sizeable offer for sale (OFS) by existing investors, positioning Swiggy as a formidable player […]
A staggering 93% of individual traders in India’s equity Futures and Options (F&O) market have incurred massive financial losses, according to a recently updated report from the Securities and Exchange Board of India (SEBI). The findings, covering the period from FY22 to FY24, show that retail traders have collectively lost an astounding ₹1.8 trillion over […]
HDB Financial Services Ltd, a non-banking financial arm of HDFC Bank, is poised to make waves in the Indian financial market with its upcoming initial public offering (IPO), potentially raising a whopping ₹2,500 crore. This IPO comes at a time when the company is riding high on robust growth figures and aligning with regulatory requirements. […]
NTPC Green Energy, a subsidiary of NTPC Limited, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a significant step toward a ₹10,000 crore initial public offering (IPO). The filing, completed on September 18, 2024, comes as India ramps up its renewable energy ambitions. The […]
Softbank-backed Indian food delivery giant Swiggy is reportedly poised to make waves in the stock market as it plans to file for an initial public offering (IPO) this week, aiming to raise more than $1 billion, as reported by Bloomberg. The Bengaluru-based company is set to join a surge of companies tapping into India’s booming […]
The Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and her husband Dhaval Buch have responded to the Congress Party’s accusations of corruption and conflict of interest, claiming that the allegations are “false, malicious, and motivated.” They allege that their income tax returns were illegally obtained and used to construct a misleading […]
The Securities and Exchange Board of India (SEBI) has put a sudden hold on the highly anticipated Rs 4,000 crore initial public offering (IPO) of JSW Cement. This unexpected move by the market regulator leaves both investors and the market in suspense, with no clear timeline for when the IPO might proceed. While SEBI has […]
ICICI Bank has denied claims that it paid any salary or granted Employee Stock Ownership Plans (ESOPs) to Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch after her retirement from the bank. The statement came after allegations from the Congress Party, which suggested Buch received ₹16.8 crore from ICICI Bank since 2017, […]