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Patanjali Foods' promoters plan to offload up to 9% stake through OFS

Share sale will help firm meet minimum public shareholding need

Utkarsh Small Finance Bank's IPO subscribed 4.2x on day 1 of issue

The company is issuing fresh shares worth Rs 500 crore in the IPO, which will be used for augmenting the bank's tier-1 capital base

Risk management: Not the time to drop guard for Indian banking sector

In the aftermath of the global financial crisis of 2008, regulators across the world focussed on 'conduct' risks

Future Enterprises receives EOIs from Jindal, Reliance Retail, GBTL

National Company Law Tribunal had ordered an insolvency resolution process against Future Enterprises in March

Industry welcomes GST exemption for startups into satellite launch services

ISpA says step will give financial relief to the players, incentivise segment's growth and help spawn indigenous launch capabilities, creating a level playing field for all

Visitors Conference 2023 concludes with focus on National Education Policy

Five different groups also deliberated on such broad themes as international cooperation in education as part of G20 efforts, diversity and inclusivity in nation's premier HEIs

Utkarsh Small Finance Bank raises Rs 222 crore from anchor investors

The price band for the issue is Rs 23-25 per share. At the top end, Utkarsh SFB will have a market cap of Rs 2,740 crore post-dilution

Kotak MF to leverage active plus passive strategy with Quant Fund

This is a first such scheme from Kotak MF

Minda Corp shares rise as company secures Rs 750 crore order from OEM

During the previous financial year, electric vehicles accounted for nearly 20 per cent of Minda Corporation's total orders.

US private investment firm Bain Capital in talks to acquire Vadilal

Bain Capital is also interested in merging the two Vadilal entities and is valuing Vadilal's ice cream business at over Rs 3,000 crore ($363.11 million)

India may be world's 2nd-largest economy by 2075, says Goldman Sachs

The report projected India's GDP at $52.5 trillion by 2075, behind China's $57 trillion but ahead of the US' $51.5 trillion

Life Insurance Corporation's new business premium grows 21% in June

For the 26 private life insurers, the group yearly renewable premium for June grew by 47 per cent to Rs 933.30 crore

Dream debut: Shares of EMS provider Cyient DLM gain 59% on Day 1

Cyient DLM's key clients include Honeywell International, ABB, and Bharat Electronics

Shopsy surpasses 200 million app downloads on its 2nd anniversary

Most of its users are from tier-2 and tier-3; firm says that other than price, tech features such as voice and image search, vernacular interface and AI-driven chatbots have fueled adoption

IIT Madras to set up international campus in Tanzania's Zanzibar

Premier education institute says programme marks 'major milestone' in internationalization efforts

No amicable settlement between SpiceJet and Kalanithi Maran: Sun Group

Sun Group says 'no question' of that, asks airline to make full payment to in arbitral award

PE investments in real estate down 5% YoY at 1.9 bn in Q1 FY24: Report

Increase interest rates impact investment flows, deal activity muted

National Securities Depository files DRHP with Sebi to float IPO

As of June 2023, NSDL handled 32.3 million demat accounts with underlying assets of Rs 338 trillion

'Shastri was someone who could work simultaneously with polar opposites'

According to Ninan, the devaluation of the rupee in 1965 was another example of Shastri's determined decision-making

Some McD outlets temporarily drop tomato from menu, cite supply issues

"We would like to bring to your notice that restaurants mostly in the Punjab-Chandigarh area where we are able to source adequate quantities, continue to serve tomatoes," the company said