Market regulator SEBI has barred former MD&CEO IndusInd Bank Sumant Kathpalia, former Dy CEO Arun Khurana and three others for alleged insider trading. SEBI in its interim order found that they traded during the existence of Unpublished Price sensitive information. The others included Sushant Sourav, Rohan Jathanna and Anil Marco Rao. SEBI whole time member…
The IPOs of Sri Lotus Developers & Realty (Rs 800 crore), Travel Food Services (Rs 2,000 crore), Laxmi India Finance (Rs 200 crore), Indogulf Cropsciences (Rs 300 crore) and NSDL (Rs 3,000 crore) are likely to be launched in June, say market sources. The month of June is likely to see more than half a…
Leela Hotels and Aegis Vopak continue to garner robust subscription in the primary market on the second day of initial share sale on Tuesday. Leela Hotels, Aegis Vopak IPO GMP surge as subscription gains momentum. The initial public offer of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 13 percent on the second…
India is the top remittance recipient in the world, 3.5% tax to add to cost of transactions but may not discourage remittances by much Sending money back home from the US could turn costlier with the proposed “One Big Beautiful Bill” by the US, including a 3.5% tax on all remittances by non-citizens. While…
While the majority of Apple’s flagship phone production currently takes place in China, the company has begun to shift manufacturing operations to India. President Donald Trump on Friday announced that Apple will be subject to a tariff of 25% or more for iPhones manufactured outside of the United States. In a statement on social…
With respect to the Surplus Distribution Policy, any available equity in excess of 7.5 per cent of the balance sheet size (after considering shortfall in market risk buffers, if any) may be written back from the Contingency Fund to income The Reserve Bank of India’s (RBI’s) central board, which met today, has approved a…
The rating agency projects the economy to log 6.4 percent growth in 2025, followed by 6.3 percent in 2026 and 6.4 percent in 2027 Potential growth raised to 6.4% by Fitch Ratings Indian economy could average 6.3 percent growth over the next five years, global ratings agency Fitch Ratings noted on May 22. The rating…
Tata Motors has launched the 2025 Tata Altroz facelift at a starting price of Rs 6.89 lakh (ex-showroom). This is the first time that the premium hatchback is getting a fresh look since 2020. The price range for the facelift starts at Rs 6.89 lakh and goes all the way up to Rs 11.29 lakh…
IndiGo declares dividend of Rs 10 per share IndiGo was expected to report a 19-27 percent jump in its revenues according to estimates by three brokerages. Interglobe Aviation Ltd, which runs low-cost airline IndiGo, on May 21, reported a profit of Rs 3,067.5 crore for the quarter ended March 31, 2025, flying into its second straight…
The report highlights that foreign investors remain underweight on India, but there are early signs of interest returning Morgan Stanley has reiterated its bullish stance on Indian equities, calling the recent correction from September 2024 highs a buying opportunity. In its latest mid-year outlook, the brokerage raised its Sensex target for June 2026 to 89,000,…