Securities and Exchange Board of India, Sebi, suggested revisions for big Initial Public Offerings. The proposal includes increasing the allocation limit for institutional buyers. It also suggests reducing the share reserved for retail investors. For IPOs exceeding ₹5,000 crore, retail…
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Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged `17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of…
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IndusInd Bank has made an announcement. Jyoti Prasad Ratho, previously the Head of Internal Audit, is no longer a part of the Senior Management Personnel. This change was announced on Wednesday. The bank has officially communicated Ratho’s departure from the…
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India’s UPI system, despite its global success, faces backlash as small vendors receive GST notices based on digital transaction data. This has led to a shift back to cash transactions, with vendors fearing tax scrutiny. Concerns rise that aggressive formalisation…
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New roles like regen medicine researcher (who investigates ways to repair or replace damaged tissues and organs), pharmacovigilance specialist (who ensures the safety of medications and vaccines), real-world evidence scientist (an expert on data analysis and research methods), digital health…
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Tata Steel’s net profit more than doubled in the June quarter, driven by increased steel realisations and strategic cost takeouts. The company aims to maintain profitability through continued cost reduction measures across geographies in the coming quarters. While Indian revenue…
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