Hyderabad based Gland Pharma will launch its IPO offer on November 9. The firm received SEBI approval last month but announced the IPO launch date recently. The firm was in talks with the merchant banks to set the price band for the scrips. The subscription window will remain open till November 11. Gland Pharma is …
CoronaVirus outbreak in the country is going to leave a tremendous financial impact on several sectors, including sweets and snacks industry which is currently struggling under reduced demand and depleting labour force. An official said on June 15 that projected revenue loss for snacks industry due to COVID-19 could amount up to Rs 35,000 crore …
If you are trying to invest in the equity market through a sub-broker, he will tell you that he is required to pay GST on his earning. Like any business, sub-brokers also come under the GST rules and need to pay taxes as per the slabs. The new service tax regime has brought the sub-broker …
The Security Issuance Committee of Shriram Transport Finance Company (STFC) has okayed the proposal to launch Rs 1500 crores rights issues to its existing stakeholders. In a meeting on Monday, July 6, the committee agreed to issue rights issue to raise funds from the market. In its filing announcement, the company declared that the promoter …
The US retail behemoth and prime shareholder of Flipkart, Walmart has announced a new investment of $1.2 billion in the Indian e-commerce unicorn. It will increase the percentage of majority-stake of Walmart in the e-commerce platform and will bring up the post-money valuation of Flipkart to $24.9 billion. In 2018, Walmart acquired 77 percent of …
In the last three months Reliance platform, which also includes Reliance Jio has raised Rs 2,12,809 crore in capital investment from some of the leading global brands. Google, the global technology behemoth is the latest one to join the rank with several others. In the latest deal struck between Reliance Jio and Google, the latter …
As widespread digitisation has become the new norm, the government of India has taken a step further to simplify GST filing through a digitised platform. From October 1, e-invoicing for GST will become mandatory. However, the changed policy will implement only on businesses with a turnover of more than Rs 500 crores. Businesses below the …
Gujarat based pharmaceutical company, Alembic Pharmaceuticals Ltd., is planning stake sales of USD150 to 200 million via QIP placement. The company is trying to catch the tide when the pharma companies are registering significant growth amid COVID-19 outbreak. The pandemic condition has shifted the economy’s focus to pharmaceutical companies, and their stocks are currently rallying …
Non-banking financial company, Mahindra Finance is gearing up to enter the market on July 28 with their rights issues worth Rs 3,088.82 crores. The shares, with a face value of Rs 2 each, will be available for Rs 50 apiece. Mahindra Finance will issue 61.78 crore equity shares to raise the desired volume of capital …
Earlier this month, the US benchmark crude oil prices turned negative for the first time in history, sending shockwaves across global energy and financial markets. Ahead of the expiry, May futures for US crude oil WTI closed at $37.63 a barrel. The negative prices led the commodity exchange, MCX, to settle crude oil contracts at …
