MUMBAI: The IPO segment of the market is back to its glory days again. On Friday, the Rs 12,500-crore maiden offer for HDB Financial, an arm of HDFC Bank, was subscribed nearly 17 times with the total demand worth almost Rs 1.6 lakh crore. The IPO is set to become India’s most sought after large…
China-founded fast-fashion retailer Shein is planning to confidentially file a draft prospectus for an IPO in Hong Kong in the coming days, which would mark the third venue the company has sought to debut in, Reuters reported. The move to apply confidentially is rare in Hong Kong, where companies generally make such filings public. Shein…
The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping dollar. The currency is up more than 3% in June, its sixth month of advances. Those gains have come as the dollar falters, with the…
NEW DELHI: Ahmedabad-based Torrent Pharma has revived talks with PE major KKR to buy its stake in Mumbai-based JB Chemicals & Pharmaceuticals in a deal which could cost around Rs 20,000 crore. KKR’s nearly 48% stake in JB Chem is valued approximately Rs 13,400 crore at its stock’s closing price of Rs 1,803 per share…
The performance of gold ETFs has been remarkable, generating over 30% returns in the previous 12-month period. (AI image) Multiple life insurance companies have sought permission from Irdai to make investments in gold ETFs. This initiative follows the rising gold prices, heightened worldwide demand and the necessity to diversify portfolios, particularly when conventional investment avenues…
This is an AI-generated image, used for representational purposes only. India’s thermal coal imports from Russia surged 52 per cent in May 2025 over April, touching a two-year high of 1.3 million metric tonnes. This marks the first time since June 2023 that Russian monthly shipments to India crossed the 1-million-tonne mark, business daily Kommersant…
Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook. Source link
India-US trade deal: Currently, India’s main trade representative is conducting negotiations in Washington. (AI image) India-US trade deal: The United States and India appear to be in the final stages of discussions to finalise the first-cut of the US-Indian trade deal. With US President Donald Trump’s July deadline looming, the trade deal could determine the…
The index has regained all the ground it lost in March and early April, when President Trump proposed his broad array of tariffs. Source link
India on Friday banned imports of certain jute products and woven fabrics from Bangladesh through all land routes, permitting entry only via the Nhava Sheva seaport in Maharashtra, amid increasingly strained relations between the two nations.The Directorate General of Foreign Trade (DGFT), in a notification, said “Import from Bangladesh shall not be allowed from any…
