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FILE PHOTO: The logo of Securities and Exchange Board of India (SEBI) is seen on its headquarters in Mumbai, India, September 6, 2024. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: Reuters Markets regulator Securities and Exchange Board of India (SEBI) has amended rules revamping the share-allocation framework for anchor investors in maiden public offerings, a move…
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ArcelorMittal follows a January-December financial year. File | Photo Credit: Reuters Steel and mining major ArcelorMittal on Thursday (November 6, 2025) reported a 31.35% rise in net income to $377 million in the September quarter. The Luxembourg-based company had posted a net income of $287 million in the year-ago period. The net income is attributable…
Read More “ArcelorMittal net income rises 31% in Sepember quarter” »
State Bank of India (SBI), said it has decided to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management Limited (SBIFML) through Initial Public Offering (IPO), subject to regulatory approvals. Amundi India Holding, the other promoter of SBIFML, will divest 1,88,30,000 equity shares, being equivalent to 3.7006% of…
Read More “SBI decides to divert 6.3% stake in SBI Fund Management via IPO” »
Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group. File | Photo Credit: Reuters Reliance Group chairman Anil Ambani has been summoned again by the Enforcement Directorate (ED) for questioning next week in an alleged bank fraud-cum-money laundering case, according to sources. The 66-year-old businessman was questioned by the federal probe agency in August….
Read More “ED summons Anil Ambani to depose on November 14” »
The international demand for Indian services improved further, as signalled by another increase in external sales. File | Photo Credit: Getty Images/iStockphoto India’s services sector growth witnessed the slowest pace of expansion in five months in October, as competitive pressures and heavy rains in parts of the country led to a slower increase in output, according…
The initial public offering of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, got fully subscribed on the second day of share sale on Thursday. The company’s IPO received bids for 39,16,33,950 shares, as against 36,47,76,528 shares on offer, translating into 1.07 times subscription, as per data available with the NSE till…
Smartphone prices have gone up by up to ₹2,000 in India due to sustained price escalation of the storage components used in mobile phones, and is likely to affect new smartphone launches this year and in 2026 with prices expected to go up by up to ₹5,000. The new prices are effective from November 4,…
“China is going to win the AI race,” Huang told the newspaper on the sidelines of the Financial Times’ Future of AI Summit [File] | Photo Credit: REUTERS Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday. “China is going…
Read More “Nvidia’s Jensen Huang says China is going to win the AI race: Report” »
At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 8 paise to 88.62 against the U.S. dollar in early trade on Thursday (November…
Read More “Rupee rises 8 paise to 88.62 against U.S. dollar in early trade” »