‘Indian markets closed at three-week high’

Equity benchmark indices Sensex and Nifty surged on Friday in line with a global market rally amid rising hopes that the US Federal Reserve will cut interest rates next week. Photograph: ANI Photo Optimism over a successful conclusion of India-US

Sebi eases IPO norms for very large companies

Stock market regulator Sebi’s board on Friday cleared significant reforms, focusing on IPO regulations, simplified entry for foreign investors, and a new framework for anchor investors in public issues. Photograph: ANI Photo This was the third board meeting chaired by

‘Lenovo to Double ‘Make in India’ Devices in 2 Years’

‘We are increasing our footprint, but other markets also compete — like Indonesia or Vietnam.’ Photograph: Kind courtesy Lenovo India/Instagram It is the largest personal computer (PC) player in the world and holds the second spot in India in terms

Avg yield of Indian REITs at 6-7.5% is higher than US

Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. Illustration: Dominic Xavier/Rediff CREDAI, the apex body

Forex reserves jump $4 bn to $698.27 bn

India’s forex reserves jumped $4.04 billion to $698.27 billion during the week ended September 5 on the back of a sizeable increase in value of gold reserves, the RBI data said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting

Urban Company’s Rs 1,900-cr IPO subscribed whopping 103.63 times

The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. Illustration: Dominic Xavier/Rediff The Rs

Retail inflation rises marginally to 2.07% in Aug

Retail inflation in August rose slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to increase in prices of vegetables, meat and fish, according to a government data released on Friday. Photograph: ANI Photo

‘Consumers Must Get Real Benefit Of GST Cuts’

‘In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.’ Illustrations: Dominic Xavier/Rediff After the Goods and Services Tax Council took the historic

Rare Earth Magnet Crunch Persists For Automakers

‘Despite assurance from China, none of the companies have received supplies from Chinese sellers.’ IMAGE: The assembly line at the Hyundai Motor India Ltd plant in Kancheepuram district, Tamil Nadu. Photograph: Babu/Reuters   Even after China’s assurance to address India’s

How India can tackle China’s restrictions on rare earth supply

India must act decisively to fully leverage the vast opportunities that exist in India for developing the entire rare earth magnet ecosystem, SIAM president Shailesh Chandra said on Thursday. Photograph: Babu/Reuters The government is considering incentives for the production of