Two banks have already shown interest. Bank of Baroda and ICICI Bank’s applications have come, Axis Bank’s is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.Read More
The regulator said banks are allowed to refinance a target company’s existing debt where such refinancing is “integral to the acquisition finance.”Read More
The Securities and Exchange Board of India (Sebi) is proposing to review the base price and price bands for Exchange-Traded Funds (ETFs). Currently, a fixed 20% price band is applied, which Sebi believes doesn’t accurately reflect underlying volatility. The regulator aims to address issues with using T-2 day NAV and manual adjustments for corporate actions.Read More
Indian IT firms are adapting to new AI models that promise to revolutionize software development. Despite recent stock sell-offs, companies are investing in AI training and partnerships, ensuring their continued relevance. Strong deal wins and favorable valuations suggest a resilient future for the sector.Read More
Five companies have received the green light from Sebi for their Initial Public Offerings. Premier Industrial Corporation, Virupaksha Organics, Hexagon Nutrition, Om Power Transmission, and Duroflex can now proceed with their public issues. These companies plan to raise significant capital through fresh share issuances and offers for sale, marking a key step in their growth plans.Read More
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