Business

NEW DELHI: Mumbai-based EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE’s Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor investors will open for a …

NEW DELHI: Laxmi Dental has raised Rs 314 crore through anchor investors prior to its public share offering. The anchor round participants included prominent names such as Aditya Birla Sun Life MF, ICICI Prudential MF, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, Abu Dhabi Investment Authority, Nomura, Goldman Sachs, Al Mehwar Commercial …

NEW DELHI: India’s industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report.However, signs of recovery are emerging for the second half, …

Kristalina Georgieva (AP photo) NEW DELHI: Kristalina Georgieva, International Monetary Fund (IMF) managing director, on Friday said India’s economy was expected to be a “little weaker” in 2025 as she presumed a lot of uncertainty in the world this year mainly around the US trade policies.“The US is doing quite a bit better than we expected before, the EU is …

New Delhi: Markets regulator Sebi on Friday issued guidelines to revamp the nomination process for mutual fund folios and demat accounts to enhance transparency and minimise unclaimed assets in the securities market.The new norms will come into effect from March 1 and cover a range of measures for investors and regulated entities, including asset management companies (AMCs).Sebi) emphasised that these …

MUMBAI: SBI chairman C S Setty has called for expanding the pool of listed companies and promoting spot transactions, which are essential for better price discovery since over-reliance on derivatives hampers market depth and liquidity. He also called for moving from private placement toward open offers and use technology to reduce costs.Delivering the keynote address at a National Institute of …

Getty Images An impression – or possibly a fear – that 20-somethings are still hanging about in the family home is based on fact, an influential think-tank has concluded. The proportion of 25 to 34-year-olds still living with their parents has increased by more than a third in nearly two decades, according to the Institute for Fiscal Studies (IFS). The …

NEW DELHI: The department for promotion of industry and internal trade (DPIIT) is holding a meeting with alternate investment funds (AIFs) here to discuss ways to promote funding for startups in the country, an official said. The official added that as many as 75 AIFs are expected to participate in the deliberations. Issues like capital mobilisation and promoting funding for …

MUMBAI: The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the dollar. The local currency closed at 85.97 against the greenback, down 12 paise from Thursdays’ close of 85.85. The rupee is likely to breach 86 levels on Monday with the dollar index surging sharply late evening after US non-farm payroll data came …

MUMBAI: Artificial intelligence, which is rapidly gaining stride in India and making its way into every other sector, has also become a hot bet for venture capital funds.These funds are allocating a higher share of investment dollars for AI startups. The usage of AI as a tech tool is not new but why it is piquing investor interest is because …