Manipal Health Enterprises IPO off to slow start, subscribed 15% on opening day; retail portion booked 27%

  Manipal Health Enterprises’ IPO saw a sluggish start, being subscribed 0.15 times on Day 1, with retail and non-institutional portions lagging. The company raised ₹4,167 crore from anchor investors. The total issue size is ₹9,275 crore, with shares listing on August 5. Manipal Health Enterprises, which operates one of India’s largest networks of multi-specialty…

Market regulator SEBI plans to extend equity derivatives’ tenure to curb losses

“The plans to extend the tenure of such contracts is at a conceptual stage,” SEBI chairman Tuhin Kanta Pandey said at the sidelines of an industry event “Markets regulator Securities and Exchange Board of India – SEBI  is planning to increase the tenure and maturity of equity derivatives contracts,” its chairman Tuhin Kanta Pandey said…

GST rate rejig in reforms to benefit common man, farmers, middle class: FM Nirmala Sitharaman tells Group of Ministers

These “next generation GST reforms” are aimed at making India Aatmanirbhar, she told to the GoM during a meeting, adding that the Centre committed to building broad-based consensus with states on next-gen GST reforms. Finance Minister Nirmala Sitharaman on Wednesday told a Group of Ministers that the rate rejig in GST reforms will provide relief…

Minimum balance rule in banks: Check how much you need to maintain in HDFC, SBI and other banks’ savings accounts

Check how much you need to maintain in HDFC, SBI, Kotak Mahindra, among other private and public sector banks’ savings accounts amid ICICI Bank’s move to hike its minimum balance requirement to ₹50,000/month for its metro and urban branches.    Minimum balance rule in banks: Banks in India have different slabs of monthly account balance…

IndusInd Bank shares rise post RBI assurance; time to add or avoid?

IndusInd Bank share price: The stock rose 0.72 per cent to settle at Rs 676.95. At this price, it has cracked 35.40 per cent in a month.   Shares of IndusInd Bank Ltd on Monday resumed climb after a single-day hiatus. The stock rose 0.72 per cent to settle at Rs 676.95. At this price, it has…