Sebi extends timelines by up to 10 years to meet minimum public shareholding requirements

The IPO rules for very large firms have been eased, granting a timeline of up to 10 years to meet minimum public shareholding requirements.    Minimum shareholding norm for large companies eased by Sebi Capital market regulator Sebi has relaxed the minimum public shareholding norms for big corporates going for an IPO, at the board…

Nifty PSU Bank index rallies 3% in 2 days; Indian Bank hits all-time high

PSU Bank stocks gained up to 2% in trade on Thursday; Nifty PSU Bank index hit an intra-day high of 7,142.25, and was 2.3 per cent away from its 52-week high of 7,304.80 touched on July 17, 2025. PSU Bank shares today   Shares of public sector banks (PSBs) were trading higher for the second…

Urban Company IPO fully booked hours after opening for bidding; ends with 3.13 times subscription

The IPO received bids for 33,37,87,825 shares against 10,67,73,244 shares on offer, translating into 3.13 times subscription, as per NSE data.   The initial public offer of app-based beauty and home services platform Urban Company Ltd got fully subscribed hours after opening for bidding on Wednesday (September 10, 2025) and later ended the day with…

NPCI to increase UPI transaction limits for high-value payments from Sept 15; check updated limits

  Under the new framework, the per-transaction limit for categories aligned with tax payments and other high-value transactions has been raised to Rs 5 lakh, while the daily aggregate limit for most of these categories has been increased up to Rs 10 lakh, depending on the category. In a major move to facilitate high-value digital…

India, Israel sign bilateral investment treaty to boost economic ties

From April 2000-2025, India’s total overseas direct investment in Israel amounted to $443 mn, while Israel’s foreign direct investment in India reached $334.2 mn between April 2000 and March 2025 The investment treaty was signed between the Finance Minister Nirmala Sitharaman and her Israeli counterpart, Bezalel Smotrich. India and Israel on Monday signed a Bilateral…

We will continue to buy Russian oil; GST reforms will offset tariff impact: Sitharaman

Union Finance Minister Nirmala Sitharaman reiterated that the contribution of crude oil to India’s import bill is the highest and so India’s decision to buy oil will always be based on what suits its needs best.   Union Finance Minister Nirmala Sitharaman on Friday made it clear that India will continue purchasing Russian oil, stressing…

Amid Trump’s tariff offensive, PM Modi and EU leaders push for swift India-EU FTA conclusion

They also welcomed the progress in bilateral relations in key sectors, including trade, technology, investment, innovation, sustainability, defence, security, and supply chain resilience.   Prime Minister Narendra Modi on Thursday held a joint telephonic call with Antonio Costa, the President of the European Council, and Ursula von der Leyen, the President of the European Commission. In…

GST reforms: What might get cheaper and what may become costlier under new slabs? Check full list here

The GST Council will discuss the Centre’s proposed proposed rate rationalisation reforms, with a view to simplify slabs and reduce burden on customers. We look at what may get cheaper under new slabs… GST reforms: The Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman, begun its 56th meeting in New Delhi…