The surge in the market price is also attributed to demand by retail and high-networth individual investors ahead of the IPO. IMAGE: The National Stock Exchange headquarters in Mumbai. Photograph: ANI Photo The price of unlisted shares of the
State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI’s rate reduction. Illustration: Uttam Ghosh/Rediff Meanwhile, private sector HDFC Bank reduced its
HDFC Bank has denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. IMAGE: Sashidhar Jagdishan, managing director and CEO, HDFC Bank. Photograph: Kind courtesy TERumel/wikipedia.org/Creative Commons, background image Shailesh
Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. The financing could exceed $10 billion in value, some of the people said, making it one of the
Buy or Sell: The Indian benchmark indices snapped a two-week losing streak, posting nearly a 1% gain for the week ended June 6, buoyed by a dual boost from the Reserve Bank of India (RBI). The central bank delivered a
After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US
The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing. Illustration: Dado Ruvic/Reuters With the
Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at Rs 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner,
GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. Illustration: Dominic Xavier/Rediff The July 2025 tax period
Infrastructure company, PNC Infratech Ltd, on Saturday (June 7) announced the receipt of a Letter of Acceptance (LoA) from the Public Works Department (PWD), Rajasthan, for the construction of a flyover project in Bharatpur city. “…we are pleased to inform
