New tax rules will apply from April 1. A 12 per cent surcharge will be levied on capital gains from company share buybacks. This change affects individual and corporate shareholders. Experts suggest this may make buybacks a costlier option for cash extraction. Amendments also clarify rules for electronically granted approvals, aiming to validate past decisions.Read More
Jio Platforms is preparing for its Initial Public Offering. The company is expected to file its Draft Red Herring Prospectus soon. This offering could become India’s largest ever. Existing foreign investors are planning to sell a portion of their stakes. The stock market listing is anticipated in the first half of 2026.Read More
French bank Societe Generale has acquired shares worth Rs 76 crore in Sammaan Capital. This comes as Abu Dhabi’s International Holding Company plans a controlling stake acquisition. In a separate transaction, investor Mukul Agrawal sold shares valued at Rs 8 crore in Siyaram Recycling Industries. Sammaan Capital’s stock has shown strong performance over the past year.Read More
Corcept Therapeutics shares surged after the FDA approved its drug, Lifyorli, for a tough ovarian cancer. This new therapy, combined with chemotherapy, showed a significant survival benefit in trials. The approval, coming early, offers hope for patients whose cancer no longer responds to standard treatments, though some patient groups are excluded.Read More
Sebi Chairman Tuhin Kanta Pandey on Wednesday termed fake applications a “serious threat” and urged technology firms like Google and Meta to work with financial regulators for investor protection.Read More
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