The IPO is an offer for sale (OFS) of 12.64 crore shares, which means that NSE will not receive any money raised through the issue. NSE IPO Day 2: National Stock Exchange of India IPO, India’s second largest till date, enters its second day of subscription with a grey market premium (GMP) of around 8%,…
Oil stays above $100 despite 1% drop as Saudi alternate routes ease supply fears (AI-generated image) Oil prices fell about 1% for a third straight session on Friday, but remained above $100 a barrel, as hopes of alternative routes for Middle Eastern crude reaching global markets outweighed concerns over fresh strikes between Saudi Arabia and…
The part reserved for employees was almost fully subscribed MUMBAI: The Rs 22,562 crore IPO for NSE, the largest stock exchange in India in terms of turnover and profits, received bids for nearly 3.8 crore shares against about 8.9 crore shares on offer in the post-anchor bidding process. This translates to an overall subscription of…
‘Position Of Board, Trusts On Staying Private Remains Unchanged’, said Noel NEW DELHI: Tata Trusts chairman Noel N Tata on Thursday called for Tata Sons to stay unlisted and suggested that the holding company of the salts-to-software conglomerate must engage with RBI and demanded that the decision should be reconsidered.“…the company must explore all permissible…
The High Court also accepted the validity of the woman’s later registered Will. (Image for representative purpose only) A property dispute between two sisters over a six-room house in Ludhiana has reached the Supreme Court after the Punjab and Haryana High Court ruled in favour of the elder sister’s adopted daughter. The dispute concerns a…
The NRI woman declared an income of Rs 43,796 for the assessment year 2020-21. (Image for representative purpose only) You file your income tax return but end up under-reporting your income. But, the Income Tax Department treats it as mis-reporting of income and imposes a heavy penalty on you. What happens then?This is the case…
Case relates to Daiichi Sankyo’s efforts to enforce its arbitral award against the erstwhile promoters of Fortis Healthcare (file photo) In another twist to the protracted battle against Fortis Healthcare and Japan’s Daiichi Sankyo, the former has filed an appeal in the Supreme Court against a recent Delhi high court order requiring a forensic audit…
The biggest impact is likely to be on employees whose PF wages fall between Rs 15,000 and Rs 25,000 per month. For many employees, provident fund (PF) is a deduction they notice on their salary slip every month but rarely think about until they change jobs, need funds for an emergency or start planning for…
The three-day issue will remain open until September 21. (Image for representative purpose only) NSE IPO: SEBI Chairman Tuhin Kanta Pandey said on Thursday that the regulator has not received any proposal from the National Stock Exchange (NSE) seeking permission to trade on its own platform after its listing.“No, there is no such letter, and…
With momentum staying on the negative side, gold looks well-placed to extend its corrective move through the sessions ahead. Gold and silver price prediction today: Both gold and silver prices are expected to remain under pressure in the coming days, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. Below is his…