Prism, the parent firm of global travel tech unicorn Oyo, has filed preliminary papers with market regulator Sebi to raise Rs 6,650 crore through an initial public offering (IPO) using a confidential route, people familiar with the development said on
The Indian economy is growing at a robust pace, driven by strong domestic demand, low inflation, and the healthy balance sheets of banks, said a Reserve Bank report released on Wednesday. Photograph: Francis Mascarenhas/Reuters The domestic financial system remains robust
Equity benchmark indices Sensex and Nifty jumped nearly 1 per cent on Wednesday, the final trading session of 2025, after days of range-bound trading amid sustained buying by domestic institutional investors. Photograph: Francis Mascarenhas/Reuters After five days of decline, the
Over 50 per cent, or 660 stocks, from the BSE 1000 index recorded negative returns during CY25. Illustration: Uttam Ghosh/Rediff As calendar year 2025 (CY25) draws to a close, the smallcap index is set to report its worst performance in
Gurugram, already established as the corporate hub of Delhi-NCR, is increasingly attracting developers from outside the region, drawn by robust end-user demand, premium pricing, and emerging development opportunities. Photograph: Amit Dave/Reuters Over the past few years, national developers such as
India has surpassed Japan to become the world’s fourth-largest economy with a size of $4.18 trillion, and is poised to overtake Germany to become the third-largest by 2030, the government has said. With continuing good growth numbers, India is also
Stock markets ended marginally lower on Tuesday amid thin year-end trading as persistent foreign fund outflows and a muted trend in global equities weighed on investors’ sentiment. Photograph: Francis Mascarenhas/Reuters Falling for the fifth consecutive day, the 30-share BSE Sensex
State-owned Bharat Petroleum Corporation Ltd (BPCL) is willing to dilute a 30–40 per cent stake in its upcoming greenfield refinery in Andhra Pradesh, with Gulf energy major Saudi Aramco and upstream player Oil India Ltd (OIL) likely to join as
India’s industrial production grew at a two-year high of 6.7 per cent in November this year, driven by strong performances in mining and manufacturing, according to official data released on Monday. Photograph: Amit Dave/Reuters The factory output, measured in terms
As the government moves to revamp India’s securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and market insiders have raised concerns on potential funding challenges for the stock market regulator. Photograph: Francis Mascarenhas/Reuters While
