Mobikwik IPO GMP rises ahead of issue opening next week; Check dates, price band, other key details

Fintech company One Mobikwik Systems is set to launch its initial public offering (IPO) next week to raise ₹572 crore from the primary market. One Mobikwik Systems is a fintech platform providing services to customers and merchants. Mobikwik IPO will

‘RBI Not Overly Concerned About GDP’

‘The central bank has highlighted that the slowdown in growth has been limited to a few sectors and overall growth is expected to pick up in the second half of the year.’ IMAGE: Reserve Bank of India Governor Shaktikanta Das,

Budget 2025: What farmers want from Sitharaman

Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. Photograph: ANI Photo The two-hour meeting

M&M renames new EV brand BE 6e as BE 6

Mahindra & Mahindra on Saturday said it has decided to rename its new electric vehicle brand as ‘BE 6’ but noted that it will continue to contest strongly in court with InterGlobe Aviation for the trademark ‘BE 6e’. Photograph: Courtesy,

Countdown Begins To Budget 2025

It will be the second Budget of the Modi 3.0 government and the eighth straight Budget for Nirmala Sitharaman, rare in Indian polity. IMAGE: Finance Minister Nirmala Sitharaman addresses the Credit Outreach Programme in Madhubani, November 30, 2024. Photograph: ANI

Suven Pharmaceuticals acquires controlling stake in US-based NJ Bio

Suven Pharmaceuticals Limited has acquired a 56% controlling stake in NJ Bio Inc, a US-based Contract Research and Development Manufacturing Organisation (CRDMO) specialising in antibody-drug conjugates (ADC) and other emerging modalities. The investment, valued at ₹535 crore, strengthens Suven’s position

Sai Life Sciences IPO opens next week. GMP, price band, date, valuation, other details of upcoming IPO in 10 points

The initial public offering (IPO) of Sai Life Sciences, a prominent player in small-molecule drug development and manufacturing, is scheduled to open on Wednesday, December 11, 2024, and close on Friday, December 13, 2024. The IPO consists of a fresh

BSE, NSE end marginally lower in highly volatile trade

Benchmark equity indices Sensex and Nifty ended marginally lower in a highly volatile trade on Friday, snapping their five-day rally, after the Reserve Bank of India kept the policy rate unchanged but sharply cut the FY25 GDP growth forecast. After

RBI pegs FY25 inflation at 4.8%; flags food price pressures

The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December

Forex reserves jump $1.51 bn to $658.09 bn

India’s forex reserves increased by $1.51 billion to $658.09 billion for the week ended November 29, the RBI said on Friday. Photograph: Lisa Marie David/Reuters The overall reserves had dropped by $1.31 billion to $656.58 billion in the previous reporting