Zerodha unit gets nod for merchant banking
On September 1, Zerodha Corporate Advisors secured approval from Sebi to function as a merchant banker, following their application back in April. This pivotal approval enables the firm to facilitate initial public offerings and handle various capital market activities. Although the complete registration process with the regulator remains in progress, Zerodha Corporate Advisors is gearing […]
Insurers plan floor for fire cover to avoid large burns
Non-life insurers are considering a minimum rate for fire insurance’s natural catastrophe component. This move follows concerns about steep discounts exposing the industry and reinsurers to losses. The Insurance Regulatory and Development Authority of India chairman also expressed worries about insurer financial health. Aggressive pricing and recent fire losses in Gujarat have fueled these discussions. […]
IPO Boom: 10 issues cross 100x subscription in August, highest monthly tally since 2006
August witnessed an impressive spike in IPO activity, as ten offerings saw oversubscriptions of more than a hundred times. Leading the charge was Hy-Tech Engineers, garnering bids amounting to over two hundred forty-four times its share allocation. This enthusiastic investor response not only shattered previous monthly records but also positioned 2026 as a standout year […]