Ola Electric gets SEBI's nod for Rs 5,500 crore IPO

New Delhi (IANS) Bhavish Aggarwal-led Ola Electric has received the go-ahead from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). 

This move marks the first IPO by an electric vehicle (EV) startup in…

Sensex jumps 141 points, Nifty closes above 23,550

Mumbai (IANS) India's benchmark indices closed in the green on Thursday following a rally in metal and banking stocks. 

At closing, Sensex settled at 77,478, up 141 points or 0.18 per cent, and Nifty was up 51 points or 0.22 per cent, at…

Global funds bullish on debt market, over Rs 83,000 crore invested since Sept

New Delhi (IANS) Global funds remained bullish on the Indian debt market as nearly Rs 83,360 crore ($10 billion) has been invested in Indian bonds since September 2023. 

The market witnesses foreign inflow into India's debt market ahead…

India's pharma exports clock double-digit growth amid surging demand in US, UK

New Delhi (IANS) India’s pharmaceutical exports continue to register double-digit growth, reflecting the strong demand for the country’s affordable generic medicines in global markets led by the USA and UK. 

India’s pharma exports grew by 10.45…

India’s net direct tax collections surge by 21 pc in FY25

New Delhi (IANS) India’s net direct tax collections have shot up by a robust 20.99 per cent for the financial year 2024-25 as of June 17 to Rs 4,62,664 crore, compared to Rs 3,82,414 crore in the same period of the preceding fiscal, according to the…

Sitharaman to hold pre-budget talks with India Inc, farmers’ bodies, state FMs this week

New Delhi (IANS) Finance Minister Nirmala Sitharaman will hold consultations with apex industry chambers, farmers’ associations and state finance ministers in the run-up to the full budget for 2024-25 that is expected to be presented in late July. 

Modi 3.0: Stock markets to touch new high in 1 yr, say global rating agencies

New Delhi (IANS) Indian stock markets have seen a robust rally since the new government's formation, closing at an all-time high in the last week. According to top rating agencies, the indices are set to gain new highs in the next 12 months.  

India's textile exports surge by 9.6 pc despite global headwinds

New Delhi (IANS) India’s textile exports grew by 9.59 per cent in May this year compared to the same month of the previous year, despite unfavourable economic conditions in major markets such as the European Union (EU), the US and West Asian nations,…

Hyundai Motor India files draft papers for Rs 25,000 crore IPO

Mumbai (IANS) Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO to raise around $3 billion (Rs 25,000…

Indian startups raise $202 million, over 100 pc jump from last week

New Delhi (IANS) The fundraising by the Indian startup ecosystem reclaimed its upward trend this week with nearly $202 billion via 21 deals. 

This is a massive over 100 per cent rise from last week when the startups secured about $98 million…