Mumbai: Big-ticket foreign portfolio investors (FPIs) have appealed to the capital market regulator to relax rules for initial public offerings (IPOs), said people with knowledge of the matter. The development comes as some of the biggest initial share sales are lined up to hit Indian markets in the coming months. In a series of closed-door … Read more
Most brokerages have maintained a bullish view on fast-moving consumer goods giant Hindustan Unilever () after an investor meet where the company highlighted its lead on various counts including digital, market development and the thrust on building categories of the future. Edelweiss and Motilal Oswal have retained buy ratings. IIFL and Kotak Institutional Equities have … Read more
(This story originally appeared in on Jun 23, 2021) Mumbai: Indian Hotels Company (IHCL), which runs the Taj chain, may consider raising equity to help it deal with the impact of the coronavirus that brought room occupancies down to 38% in April this year. The last time IHCL raised equity was in 2017 in the … Read more
Mumbai: Non-bank finance companies, both local and global, can now start operations in Gujarat’s GIFT City. They will be allowed to offer the whole range of services — loans, exotic derivative trades, investment banking, and third-party product sales. The move by the International Financial Services Centre (IFSC), the regulator of the special economic zone, should … Read more
Niche social media platforms such as Telegram and Signal have emerged as new sources of information on companies and stocks — leaving the regulator to play catch-up on sharing of price-sensitive information on these channels. Synopsis Companies took any number of days to upload the transcript of such calls, though the information shared in the … Read more
The cash-starved telecom company added customers in January for the first time in 14 months. Synopsis The company has not missed or delayed any payments and this has added to investor confidence, dealers said. The financially stressed telco has been trying to raise Rs 25,000 crore to pay debt, spectrum purchase instalments and adjusted gross … Read more
Epillo is slated to launch it’s pilot project- Blockchain based Digital Therapeutic Devices (DTx) in a strategic partnership with Hydrus7 Labs, a USA based blockchain technology company. Epillo Health Systems, a Digital Healthcare company based in Europe, having it’s IP portfolio Patent-pending innovations in 153 countries through United States Patent & Trademark Office (USPTO) and … Read more
Mumbai: In a first, the Securities and Exchange Board of India (Sebi) has asked France-based Schneider Electric President Systems to re-list its shares on any nationwide stock exchange within six months, or follow proper delisting process and give small shareholders an exit opportunity. The regulator said that if the company opted for delisting, the reference … Read more
Wipro announced the Q2FY21 results on Tuesday. The IT giant has posted a 3.4 per cent YoY decline in the net income. IT giant Wipro has announced the results of Q2FY21 (File photo from Reuters) Wipro has posted a 3.4 per cent year-on-year decline in its net income in the quarter ending September 2020. The … Read more
Mumbai: Four years after it was first suggested, the proposal of a reverse merger between IDFC First Bank and IDFC Ltd has been revived, two top industry sources told ET. This will involve the holding company being absorbed by the bank, which will seek regulatory approval for such a move on the grounds that it … Read more