LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business….
Market regulator SEBI has issued notice to fintech firm One97 Communications, which owns the Paytm brand, in the March 2024 quarter on employee stock options given to its MD and CEO Vijay Shekhar Sharma, according to the company filing on Monday. In response to a query from stock exchanges, Paytm said the notice is not…
The shares of HCLTech were trading at ₹1,722.70, up by ₹1.80 or 0.10 per cent, today at 10.30 am on the BSE. HCLTech and Xerox have extended their partnership for innovation through AI and digital engineering, as announced on August 26, 2024. The collaboration aims to support Xerox’s reinvention initiative, focusing on long-term growth and…
Medi Assist Healthcare Services Limited saw its shares rise by 8.88 per cent, reaching ₹610.90, after it was announced that its subsidiary Medi Assist Insurance TPA Private Limited is acquiring a 100 per cent stake in Paramount Health Services & Insurance TPA Private Limited for ₹311.8 crore. The deal, disclosed on August 26, 2024, is…
Stock market benchmark indices Sensex and Nifty ended on a flat note after a volatile session on Tuesday due to the emergence of profit-taking amid rising geopolitical tensions in the Middle East and Ukraine. The NSE gauge, however, hit a new lifetime peak of 25,017. After oscillating between highs and lows, the 30-share BSE Sensex…
MThe Association of Mutual Funds in India (AMFI) has put out minimum standards to prevent front running and market abuse by asset management companies (AMCs). Earlier this month, SEBI had come out with a circular asking AMCs to put in place an institutional mechanism to deter such activities. The standards will be implemented phase-wise beginning…
Markets regulator SEBI on Tuesday barred Rana Sugars, its promoters and officials from securities markets for two years and slapped ₹63 crore fines on them on charges of diversion of funds. The regulator also prohibited Inder Pratap Singh Rana (Promoter and MD), Ranjit Singh Rana (Chairman), Veer Pratap Rana, Gurjeet Singh Rana, Karan Pratap Singh…
The National Stock Exchange (NSE) on Tuesday sought fresh approval for its initial public offering (IPO) by filing an application for a no-objection certificate with the Securities and Exchange Board of India (SEBI). NSE has been looking to get listed, but the market regulator was not in favour of allowing the stock exchange to get…
Two Tata group companies — Tata Technologies and Trent — were in focus on Tuesday as block deals were seen on both counters. Around 3 per cent of equity changed hands in Tata Technologies while Trent saw 0.2 per cent equity being traded in the block deal window of the National Stock Exchange. TPG Rise…
Waterfield Financial and Investment Advisors, a SEBI-registered investment advisor, has launched Founders Circle, a platform to help entrepreneurs manage their wealth as they build their businesses. Soumya Rajan, Founder and CEO of Waterfield Advisors, said ,“More than 65 percent of Ultra-High Networth individuals in India today are self-made entrepreneurs and founders. This wealth creation journey, enabled…
