India's stock indices decline as RBI introduces a new liquidity strategy. RBI Governor announces 10 ICRR for banks to manage excess liquidity from factors like ₹2000 notes. Banking shares dip, Nifty Bank index falls. The media and metals sectors m

The National Company Law Tribunal (NCLT), the apex approval authority for all corporate changes, has approved the merger of Zee Entertainment and Sony Pictures Networks India (SPNI). The approval was formally granted on August 10, 2023. It may be rec

The anchor issue of TVS Supply Chain Solutions Ltd saw a robust response on 09th August 2023 with 45 of the IPO size getting absorbed by the anchors as part of the anchor book, one day prior to the IPO opening. Out of the 4,46,70,051 shares on offer

Pyramid Technoplast Ltd was incorporated in the year 1997 to manufacture polymer-based molded products. Better known as Polymer Drums, they are principally used for packaging in industries like chemicals, agrochemicals, specialty chemicals, and pharm

SEBI has moved quickly on implementation The bold move by SEBI to list IPOs in 3 days from the day of closure will be reality soon. In a detailed circular issued by SEBI on August 09, 2023, SEBI has laid out the complete process flow as well as th

Strong listing for Zeal Global Services Ltd, and holds on Zeal Global Services Ltd had a strong listing on 09th August 2023, listing at a sharp premium of 42.72, and on top of that it also managed to hit the 5 upper circuit, which is the maximum

The IPO of Srivari Spices and Foods Ltd closed on Thursday, 09th August 2023. The IPO had opened for subscription on 07th August 2023. Let us look at the final subscription status of Srivari Spices and Foods Ltd at the close of subscription on 09th A

The ₹9.00 crore IPO of Srivari Spices and Foods Ltd comprises entirely of a fresh issue of shares with no offer for sale (OFS) component. The total SME IPO of Srivari Spices and Foods Ltd entails issue of 21.42 lakh shares which at the upper end of

Adani Enterprises, led by Gautam Adani, is exploring the sale of its 44 stake in Adani Wilmar due to challenges stemming from a decline in revenue linked to falling edible oil prices. While Adani Wilmar's shares experienced a 5 drop, Adani Enterpri

In response to rising demand, FMCG leader GCPL plans to set up new manufacturing units in Tamil Nadu and Madhya Pradesh with a ₹900 crore investment. This move aims to boost production capacity by 20 in the home and personal care categories. Despi

Delhivery's shares rose by 2.52 to ₹421.60 after securing a significant contract to manage Havells India's supply chain in the western region. The deal involves using Delhivery's technology-driven solutions to enhance speed, accuracy, and visibili

It is not often that another Indian company gets to pip Reliance in the profitability sweepstakes. However, in the June 2023 quarter i.e., Q1FY24, SBI has reported profits than Reliance Industries. For the quarter, Q1FY24, Reliance had reported net p