Sun, Jan 17, 2021

  • Two companies -- Indian Railway Finance Corporation and Sequoia Capital-backed Indigo Paints -- are set to hit the market with their initial share-sale offers this week to raise an estimated over Rs...
    Two IPOs to hit market this week, eye over Rs 5,800 cr
    The companies are expecting to benefit from an equity market, which is flush with liquidity and has seen a sharp increase in new retail investors.The three-day initial share-sale of Indian Railway Finance Corporation (IRFC) would be open for public subscription during January 18-20, while the IPO of Indigo Paints would open on January 20 and conclude on January 22.IRFC IPO comprises up to 178.20 crore shares, comprising a fresh issue of up to 118.80 crore and offer-for-sale of up to 59.40 crore shares by the government.The price band has been fixed in the range of Rs 25-26 per equity share and at the upper end of the price band, the IPO is expected to fetch Rs 4,633.4 crore.On Friday, the company raised Rs 1,390 crore from anchor investors.IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilising funds from...
  • Petrol, diesel prices remain static 3 days in a row Petrol, diesel prices remain static 3 days in a row

    Petrol and diesel prices remained unchanged on Sunday after oil marketing companies decided to wait and watch the global oil price movement before taking the next course of action.

  • IndiGo to start Delhi-Leh flight services from Feb 22 IndiGo to start Delhi-Leh flight services from Feb 22

    Budget airline IndiGo has added Leh to its network and will start its daily Delhi-Leh flights with effect from February 22.

  • PM announces Rs 1,000-cr ''Startup India Seed Fund'' PM announces Rs 1,000-cr ''Startup India Seed Fund''

    Prime Minister Narendra Modi on Saturday announced the launch of Rs 1,000-crore 'Startup India Seed Fund' to support startups and help budding entrepreneurs pursue innovative ideas.

  • Amazon sued for fixing e-book prices in US Amazon sued for fixing e-book prices in US

    A lawsuit has been filed against Amazon in the US alleging that the ecommerce giant fixed prices of e-books, forcing customers on other book sites to pay too much for them.

  • HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr

    The country's largest private sector lender HDFC Bank on Saturday reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter.

  • Stockbrokers seek rationalisation of tax structure for capital market Stockbrokers seek rationalisation of tax structure for capital market

    As the Union Budget for FY21-22 nears, stockbrokers have sought rationalisation and streamlining of the structure for the capital market.

  • Pandemic more challenging than 2008 global financial crisis: RBI governor Pandemic more challenging than 2008 global financial crisis: RBI governor

    Three key areas that the RBI governor spoke about were stability of banking and non-banking financial companies, stability of service sectors and ensuring fiscal stability.

  • Petrol, diesel prices unchanged across metros Petrol, diesel prices unchanged across metros

    Petrol and diesel prices remained unchanged for the second consecutive day on Saturday.

  • HCL Tech to hire 20,000 people in 6 months on back of digi services HCL Tech to hire 20,000 people in 6 months on back of digi services

    IT services major HCL Technologies is looking at hiring about 20,000 people over the next two quarters to meet the demand coming in on the back of strong growth in deal signing and adoption of digital...