The retail portion of the offer—that was subscribed 70% on Day 1—was also fully subscribed on Thursday MUMBAI: The maiden public offering for Jio Platforms, through which the company is raising Rs 30,213 crore, making it the largest such offer in India, was subscribed over five times at the close of bidding on Day 2….
According to analysts, revisiting past coupons raises legal and accounting issues. MUMBAI: Retail bondholders of YES Bank have asked Axis Trustee Services, the debenture trustee, to secure payment of overdue coupons (interest payments) on the bank’s Additional Tier 1 (AT1) bonds, restore their holdings in demat accounts and seek regulatory intervention, days after Supreme Court…
Investors were bearish on the eMudhra stock after the cyber incident. BENGALURU: Shares of digital trust company eMudhra plunged 20% on BSE for the second consecutive day on Thursday after it announced its decision to exit the global SSL/TLS (Secure Sockets Layer/Transport Layer Security) certificate business following a security incident involving eight of its intermediate…
Goyal said the FTA could be signed by Dec and implemented within four to five months. BERLIN: Commerce and industry minister Piyush Goyal Thursday set an ambitious target of increasing bilateral trade with Germany tenfold to 310 billion euros, urging businesses to forge partnerships ahead of implementation of the India-EU free trade agreement (FTA).At the…
NEW DELHI: Jio Platforms’ initial public offering (IPO) has become the first public issue globally to receive more than one crore applications, news agency PTI reported citing sources on Friday, as investor demand surged on the final day of bidding.The $3.2 billion offering by billionaire Mukesh Ambani’s telecom and digital services company has attracted strong…
The report said deficient rainfall in some regions could adversely affect kharif crop yields. MUMBAI: RBI’s Oct 2026 State of the Economy report flagged rising inflation, geopolitical tensions and global financial volatility as key risks to India’s growth outlook, even as strong domestic demand, services activity and exports supported economic momentum.The report said headline CPI…
The Bsnk’s net interest income rose 21% year-on-year to Rs 6,184 crore in Q2 FY27, while core operating profit climbed 38.5% to Rs 2,527 crore. NEW DELHI: IDFC First Bank reported a 196.5 per cent year-on-year jump in profit after tax to Rs 1,045 crore in the September quarter of FY27, supported by strong growth…
In 2008, the Reliance Power IPO had seen the total demand at about Rs 7.1 lakh crore. MUMBAI: The maiden public offering for Jio Platforms, which aimed to raise a recordbreaking Rs 30,213 crore, on Friday created several other records. It saw about 1.3 crore retail investors participating in the offer. While the institutional part…
On a standalone basis, the bank’s net profit rose 29 per cent to Rs 4,212 crore from Rs 3,253 crore in the year-ago quarter. NEW DELHI: Kotak Mahindra Bank on Saturday reported a 26 per cent increase in consolidated net profit to Rs 5,645 crore for the September quarter of FY27, compared with Rs 4,468…
During the day’s session, sensex fluctuated by more than 1,300 points but closed just 126 points down at 73,124 points. MUMBAI: Rising crude oil prices and a weakening rupee weighed on investor sentiment on Friday and led to strong volatility in the market. But at close, the two leading indices—sensex and Nifty—were only marginally lower….
