Meesho likely to launch IPO in second week of December
E-commerce platform Meesho is preparing for its Initial Public Offering. The company aims to launch its IPO in the second week of December. The offering is expected to raise between ₹5,500 crore and ₹6,000 crore. This move will allow some investors to partially exit. Meesho has received approval from Sebi for the IPO.
PSU banks want to speak your language, push for local talent
Public sector banks are refining recruitment and training to emphasize local languages. This move addresses demographic disparities, particularly between northern and southern India. Finance Minister Nirmala Sitharaman highlighted the need for branch staff to speak local dialects. Banks are implementing new strategies, including longer tenures for local officers, to improve customer interaction across the nation.
Bajaj Finance profit surges 23% in September quarter
Bajaj Finance reported a 23% yearly increase in consolidated net profit to ₹4,948 crore for the July-September quarter, driven by a 22% rise in net interest income and a 26% surge in new loans booked. The NBFC’s assets under management grew 24% to ₹4.6 lakh crore, with a mild deterioration in asset quality to 1.2%.
Will bullish bets from Goldman and HSBC revive FII interest in India?
Global financial giants Goldman Sachs and HSBC are now optimistic about Indian stocks. They predict substantial gains by 2026. This positive outlook comes even as foreign investors have been selling shares. The analysts believe India has been oversold. Their calls offer a new perspective for investors considering the Indian market.
Indices rebound as IT stocks drive gains after three-day loss
Indian stock markets saw a rebound on Monday, with IT stocks leading the gains. This recovery followed three days of losses. Analysts suggest the market may trade within a range due to a lack of new catalysts. Investors are shifting focus to IT stocks, finding them attractive. Foreign investors were net sellers, while domestic investors […]
Tata Motors CV arm listing date announced. Check details
Tata Motors’ commercial vehicle arm (TMCV) will debut on exchanges on November 12, completing the automaker’s demerger into two listed entities—one for CVs and another for PVs, EVs, and JLR. Analysts see strong value unlocking potential.
CleanMax gets Sebi nod for Rs 5,200 crore IPO, eyes debt reduction and growth push
Clean Max Enviro Energy Solutions, India’s top C&I renewable energy provider, received Sebi approval for its ₹5,200 crore IPO, comprising ₹1,500 crore fresh issue and ₹3,700 crore OFS. Proceeds will mainly fund debt repayment, expansion, and corporate purposes.
NephroPlus gets Sebi nod to launch IPO, to raise Rs 353 crore from fresh issue
Dialysis services leader Nephrocare Health Services, operating under NephroPlus, has received Sebi’s approval to launch its IPO, comprising a ₹353.4 crore fresh issue and 1.27 crore shares OFS. Proceeds will fund new dialysis centres, debt repayment, and corporate needs.
Fujiyama Power fixes IPO price band at Rs 216-228 per share; issue opens November 13
Fujiyama Power launches Rs 828 crore IPO with a price band of Rs 216–228 per share. Proceeds to fund new facility, repay debt, and support expansion plans.
LIC drops 3 private banks, opts for SBI and Yes Bank. What’s driving this portfolio shift?
LIC significantly rebalanced its portfolio, divesting from major private banks like HDFC Bank and ICICI Bank to aggressively invest in State Bank of India and Yes Bank. This strategic shift highlights a growing confidence in the PSU banking sector’s valuation and future prospects, even as foreign investors flock to private lenders.