NSE IPO: India’s biggest market debut in the making — all you need to know about the Rs 30,000 crore mega offering

The National Stock Exchange of India has officially set the stage for one of the biggest market events in the country’s history, filing its draft red herring prospectus (DRHP) for an initial public offering (IPO) of up to 148,905,525 equity shares. The issue, valued at an estimated Rs 30,000 crore, is poised to become the…

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NSE warns of regulatory, tech and AI risks as IPO papers reveal reliance on derivatives business

The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…

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India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain

Thousands of Indian professionals working in Britain through Indian employers will stop paying dual social security contributions from July 15, with officials estimating that 90-95% of such workers will benefit from the India-UK social security pact coming into force alongside the free trade agreement.The Agreement on Social Security, or Double Contribution Convention (DCC), is expected…

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India-US trade deal: PM Modi, Trump push for ‘balanced, commercially meaningful’ pact at earliest

Trade negotiations between India and the United States are set to gain momentum after Prime Minister Narendra Modi and US President Donald Trump held wide-ranging talks on the sidelines of the G7 Summit. Seeking to advance discussions on the trade pact, the two leaders directed officials to work towards concluding a balanced, mutually beneficial and…

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