Tag Archives: Business news

The growth of India’s eight core infrastructure sectors slowed to 4.3 per cent in November 2024, compared to 7.9 per cent in the same month last year, according to official data released on Tuesday. Despite the slowdown seen in comparison to last November, monthly production growth reached a four-month high. In October 2024, the sectors had expanded by 3.7 per …

Gold prices in the national capital plunged below Rs 79,000 per 10 grams on Tuesday, weighed by subdued demand from stockists and retailers, according to local market analysts quoted by news agency PTI. The 99.9 per cent purity gold fell Rs 550 to Rs 78,950 per 10 grams, against Monday’s close at Rs 79,350.Over the past year, gold prices have …

The government has decided to keep the interest rates on various small savings schemes unchanged for the fourth consecutive quarter, starting from January 1, 2025, and continuing through to March 31, 2025. A notification issued by the finance ministry confirmed “The rates of interest on various small savings schemes for the fourth quarter of FY 2024-25, starting from January 1, …

NEW DELHI: As 2024 draws to an end, India’s economy continues to display its resilience, with the IPO market achieving a historic milestone, raising a record Rs 1.6 lakh crore through 90 maiden public issues. Favorable market conditions, regulatory improvements, and robust economic growth fueled this surge.The IPO pipeline for 2025 is anticipated to surpass Rs 2.5 lakh crore, showcasing …

HYDERABAD: Standard Glass Lining Technology Limited, a Hyderabad-based specialised engineering equipment manufacturer for pharma and chemicals sector, has fixed a price band of Rs 133 to Rs 140 per equity share of face value ₹10 each for its maiden initial public offer (IPO) that opens on 6, 2025, and closes for subscription on Jan 8, 2025.The IPO is a mix …

MUMBAI: The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT’s …

Over the past 5 years, billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) spent $13 billion on acquisitions, marking a strategic shift from its traditional oil and petrochemicals business towards clean energy and consumer-focused sectors. The acquisitions span new energy, telecom, retail, and media businesses, with a notable recent addition to its digital healthcare ecosystem.Last week, RIL acquired Karkinos Healthcare for …

NEW DELHI INDIA: The initial public offer of Indo Farm Equipment Ltd got subscribed nearly 6 times within hours of opening for bidding on Tuesday. The initial share sale received bids for 5,00,12,580 shares, as against 84,70,000 shares on offer, translating into 5.90 times subscription, as per NSE data till 11:57 hours. The Retail Individual Investors (RIIs) part fetched 8.54 …

NEW DELHI: India reported a massive decline in Foreign Portfolio Investment (FPI) inflows during 2024, registering a 99 per cent decline compared to the preceding year, according to the National Securities Depository Limited (NSDL).The NSDL data indicated that net FPI inflows reduced from Rs 1.71 lakh crore in 2023 to Rs 2,026 crores in 2024. Financial analysts attribute this decline …

NEW DELHI: Waaree Renewable Technologies Ltd (WRTL) on Tuesday said it has secured its largest-ever order of 2 GW solar project from Sunbreeze Renewables Nine Pvt Ltd, a Special Purpose Vehicle (SPV) of Jindal Renewables. The project will be implemented in Bikaner, Rajasthan, utilizing advanced technologies and sustainable solutions to enhance energy efficiency and maximize generation, a company statement said. …