BENGALURU: Investment platform Groww has confidentially filed for an IPO with markets regulator Sebi, a newspaper advertisement showed on Monday. The offering is expected to raise between $700 million and $1 billion through a mix of fresh issue and an offer for sale, people familiar with the matter said. The proceeds will be used to invest in tech and expand …
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NEW DELHI: Supreme Court on Monday stayed the liquidation process for Bhushan Power & Steel (BPSL) before NCLT and ordered to maintain status quo after JSW Steel, whose resolution plan was rejected by SC, told the court that it was filing a review petition against the order.As JSW’s limitation period for filing a review against the SC judgment is not …
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NEW DELHI: Niti Aayog, government’s policy think tank, recommended the introduction of a dedicated financing scheme to allow medium enterprises to avail loans at concessional rates. It also backed a credit card for such units with a Rs 5 crore limit for emergency needs.The report, released on Monday, stated that the scheme should be under the ministry of MSME and …
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MUMBAI: The sensex closed higher for the second straight session on Monday, driven by gains in auto and IT shares amid easing global trade tensions and supportive domestic factors, including a bumper dividend from RBI and early monsoons. The sensex rose 455 points (0.6%) to close at 82,176, its highest level in over a week. Nifty added 148 points (0.6%) …
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Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since Wednesday of the previous week, …
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Reliance Infrastructure Ltd (RInfra) on Monday reported a net profit of Rs 4,387 crore for the March quarter, primarily driven by a reduction in expenses. In comparison, the company had posted a net loss of Rs 220.58 crore in the January-March period of 2023-24, according to an exchange filing.The company’s total income for the quarter stood at Rs 4,268.05 crore, …
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Fake discounts, pressure selling, and other practices on Chinese fast-fashion website Shein breach the law, the European Union (EU) has said. The bloc said it has given Shein one month to respond to its findings or face fines based on its sales in the EU countries where it says it has breached the law. “It’s now for Shein to step …
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India will still retain the tag of being the fastest growing major world economy with a GDP growth rate of 6.2% for 2025. (AI image) India will become the world’s fourth largest economy by the end of 2025 (FY 2025-26), according to the International Monetary Fund (IMF’s) World Economic Outlook report for April 2025. The IMF measures the size of …
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MUMBAI: Swiss consumer goods giant Nestle S.A has picked up a minority stake in Indian pet food startup Drools. The Bengaluru-based company did not disclose the specifics of the deal but said that it has been valued at $1 billion post the investment, joining the ranks of unicorn startups. “This is a financial investment by the company and Drools will …
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InterGlobe Aviation promoter Rakesh Gangwal and his family trust are expected to offload up to 3.4 per cent of their stake in IndiGo, valued at approximately Rs 6,831 crore, on Tuesday, according to sources. Gangwal, the co-founder of the airline, has been gradually reducing his holdings following a public fallout with co-founder Rahul Bhatia.In addition to Gangwal, the Chinkerpoo Family …
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