Urban Company IPO open for investors Urban Company’s Rs 1,900 crore initial public offering (IPO)’s retail, employee portion was fully subscribed within the first hour of opening on Wednesday, driven by robust interest from retail investors. Bidders placed orders for 62 million shares, or 58 per cent of the 107 million shares on offer. Within…
Geopolitical expert David Goldwyn in interview to ANI US President Doanld Trump wrongly assessed the effectiveness of sanctions as a means to pressure India, argued David Goldwyn, a prominent Geopolitical expert“What he’s learning in this fiasco, really, in terms of diplomatic relations with India, is that this oil weapon was not quite the tool of…
Gold began the week on an impressive bullish note, soaring to fresh all-time highs above $3,650/Oz in Spot. (AI image) Gold price prediction today: Gold prices are likely to maintain their bullish trend over the coming few weeks, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. The expert shares…
Donald Trump (File photo) The Supreme Court on Tuesday agreed to take up a fast-track review of the Trump administration’s sweeping global tariffs, setting a November hearing that could decide the fate of one of US President Donald Trump’s most significant economic policies. The justices approved an unusually brisk schedule after a federal appeals court…
MUMBAI: Sumitomo Mitsui Banking Corporation (SMBC) is set to sell its entire 1.7% stake in Kotak Mahindra Bank, worth over Rs 6,166 crore, through block deals on NSE and BSE. The Japanese lender is freeing up investment headroom to raise its holding in Yes Bank to nearly 25% after securing all regulatory clearances.According to the…
By Anshul Aggarwal and Kunal KohliOptically, the 56th GST Council Meeting is nothing less than a full-fledged Budget announcement from a GST perspective. Convened at a time when global indicators point to a broader economic slowdown — alongside rising trade pressures— the Finance Minister’s address to India’s 140 billion economy reaffirms the strength and credibility…
MUMBAI: Calling into question CBI’s “pick-and-choose policy”, a special court recently discharged KV Brahmaji Rao, a former executive director of Punjab National Bank (PNB), seven years after he was first accused in the Rs 23,000-crore fraud case involving fugitive jewellery businessman Nirav Modi.Among the 25 accused individuals and companies in the case, Rao is the…
MUMBAI: Govt has allowed companies to display revised MRPs on old packs of products that remain unsold, in a relief to packaged goods manufacturers who were awaiting clarity on labelling and packaging to devise strategies around passing on GST benefits to consumers. Firms will however, have to clear their old stock by Dec 31. In…
MUMBAI: The rejigging of GST slabs will make products more affordable for consumers, easing stress for the entry level market segment, said Nyrika Holkar, executive director at Godrej Enterprises Group (GEG), which is expecting reduction in taxes to give a boost to festive purchases. The move, Holkar said, will also push premiumisation. Availability of financing…
The government has allowed manufacturers, packers and importers of packaged goods to print revised MRPs on unsold stock under the new GST rules. They have further been allowed to exhaust existing packaging material and wrappers until December. The decision comes amid repeated appeals by consumer goods companies, which had urged the government to allow clearance…
