Executive search firm EMA Partners India to launch IPO

Executive search firm EMA Partners India to launch IPO

Executive search firm EMA Partners India is planning to launch an initial public offering (IPO) with a maximum offer of up to Rs 100 crore subject to approval.EMA Partners will be the first executive search firm to be listed in the country. The company, which started business in India in 2003, along with its subsidiaries, … Read more

Kumar Arch Tech files draft papers to raise Rs 740 crore via IPO

Kumar Arch Tech files draft papers to raise Rs 740 crore via IPO

Kumar Arch Tech, which is into PVC blend-based building material products manufacturing, has filed preliminary papers with capital markets regulator Sebi to garner Rs 740 crore through an initial public offering (IPO). The proposed IPO is a mix of fresh issuance of shares valued Rs 240 crore, and an offer-for-sale (OFS) of shares worth Rs … Read more

Record fresh capital raised via IPOs this year points to capex revival

Record fresh capital raised via IPOs this year points to capex revival

Mumbai: Fresh capital raised via initial public offerings (IPO) this year has surged to the highest in more than a decade, pointing to the long-awaited revival in capital expenditure by India’s private sector that believes a rapidly expanding economy will soon stretch existing capacities. About half the initial public offerings proceeds of ₹27,435 crore garnered … Read more

Roads Ministry aims to spend over 90% capex by December

Roads Ministry aims to spend over 90% capex by December

New Delhi: The Road Transport and Highways Ministry aims to spend over 90% of its ₹2.59 lakh crore capital expenditure (capex) earmarked in Budget 2023-24 by December 2023, officials aware of the matter told ET. This expenditure will be for developing roads across the country with an aim to complete 310 National Highways (NH) projects … Read more

Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore

Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore

The Centre’s fiscal deficit hit 82.8% of the revised estimate (RE) until February this fiscal year, just a notch higher than the 82.7% a year before, according to the official data released on Tuesday. In absolute terms, the fiscal deficit hit ₹14.54 lakh crore in the first 11 months of FY23, against Rs 13.17 lakh … Read more

Adani stocks add to gains, regain Rs 49,000 cr in mcap

Adani stocks add to gains, regain Rs 49,000 cr in mcap

Mumbai: Adani Group stocks extended their rally to a second day on Wednesday as investors were encouraged by the conglomerate’s move to repay borrowings early and free up share pledges besides giving assurances about cutting debt further. Six of the 10 Adani stocks gained between 5% and 20% on Wednesday, helping the group regain ₹49,000 … Read more

Centre to front load Rs 95,082 crore to states in two installments

Centre to front load Rs 95,082 crore to states in two installments

The Centre will provide Rs 95,082 crore to states in November, including the advance release of one instalment of central tax devolution, to help them drive up capital expenditure and aid growth. Two instalments – of Rs 47,541 crore each – together instead of one will be released to states on November 22, union finance … Read more

Finance Ministry relaxes spending norms to boost capital expenditure

Finance Ministry relaxes spending norms to boost capital expenditure

In a bid to boost the economy grappling with the fresh COVID-19 wave, the Finance Ministry has relaxed the spending guidelines to enable ministries and departments to undertake capital expenditure totalling Rs 44,000 crore envisaged in the budget for 2021-22. According to an office memorandum (OM) issued by the Finance Ministry on Thursday, the monthly/quarterly … Read more

Finance Minister Nirmala Sitharaman asks heads of 23 CPSEs to boost capex plans

Finance Minister Nirmala Sitharaman asks heads of 23 CPSEs to boost capex plans

As part of the government’s plan to accelerate economic growth, finance minister Nirmala Sitharaman urged central public sector enterprises (CPSEs) to boost their capital expenditure (capex) and achieve their targets, in a virtual meeting on Tuesday. Sitharaman said CPSEs played an important role in pushing the economy forward while reviewing their performance, adding that a … Read more