Reliance Jio Platforms has appointed as many as 17 banks to manage its much-awaited IPO, which is expected to be structured entirely as an offer-for-sale (OFS), according to a Reuters report citing sources familiar with the matter. This means no
Edelweiss Asset Management Company, led by Radhika Gupta, has announced the launch of India’s first hybrid passive index fund, which will have a mix of both equities and government bonds. The new fund offer (NFO) has opened for subscription today,
The observations came in a judgment delivered by a Bench of Justices J B Pardiwala and R Mahadevan while examining the validity of a provision in the Social Security Code, 2020. Photograph: Lucy Pemoni/Reuters Key Points SC underscored the absence of
Jio Payments Bank is revolutionising cash access in India with its new UPI-based cash withdrawal service, designed to boost financial inclusion and simplify transactions for users in rural and semi-urban areas. Key Points Jio Payments Bank introduces UPI-based cash withdrawals
Indian stock market indices, Sensex and Nifty, experienced a significant rally driven by metal and auto sectors, coupled with positive global market cues, marking a second consecutive day of gains. Illustration: Uttam Ghosh Key Points Sensex and Nifty closed nearly
India Post is now offering 24-hour delivery services in select cities, aiming to grab a bigger slice of India’s booming e-commerce market and compete with private courier giants. Photograph: ANI Photo Key Points India Post introduces 24-hour and 48-hour delivery
Adani Enterprises Ltd. on Tuesday said the National Company Law Tribunal (NCLT) has approved its resolution plan for Jaiprakash Associates Ltd., marking a key step in the insolvency process of the debt-laden company. The approval was conveyed through an oral
Stock to buy for long term: For long-term investors, HDFC Bank continues to stand out as one of the most reliable wealth creators in the Indian stock market. While recent returns may seem muted at a glance, a broader perspective
‘Periods of geopolitical uncertainty often see a rise in coordinated cyber threats, disinformation campaigns, and infrastructure targeting.’ Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Information Technology industry body Nasscom has asked
India’s February trade data reveals a slight dip in exports and a surge in imports, with the looming West Asia crisis poised to further disrupt trade dynamics and increase economic uncertainty. Photograph: Wolfgang Rattay/Reuters Key Points India’s merchandise exports decreased
