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Indigo Paints IPO subscribed 2x on Day-1, gets bids for 10.5 mn shares

IPO consists of Rs 300 crore in fresh fund raise and Rs 870 cr of secondary share sale. issue closes Friday

Indian cos mustn't get caught in covid co-morbidities: Kumar Mangalam Birla

Likens the way Covid impacted those with hypertension, diabetes etc, with the business shocks it delivered, while asserting that enterprises aren't genetically predisposed towards co-morbidities

Adani Solar Energy commissions 150 MW solar power project in Kutchh

With the commissioning of this project, AGEL now has total renewable capacity of 14,795 MW including 11,670 MW awarded and under implementation projects

JLL India CEO Ramesh Nair steps down, to be succeeded by Radha Dhir

Dhir earlier served as group president at Yes Bank, where she was head of multinational corporate banking

Govt appoints Siddhartha Mohanty as managing director of LIC from Feb 1

He is currently the MD & CEO of LIC Housing Finance

ICICI Lombard net profit rises 6.6% in Q3, premium income up 4%

Solvency ratio of the company has remained stable at 2.76, against the regulatory requirement of 1.5

Welspun One Logistics Parks launches Rs 500 cr warehousing focused fund

Named Welspun One Logistics Parks Fund I" the fund is a SEBI-registered Category II AIF

Sensex, Nifty fall ahead of Budget amid global weakness; ONGC falls 4.6%

Sensex declines over 1,000 points in two days

DLF plans to launch more floors in NCR; to expand in Chennai, Kochi

It also plans to expand its residential presence in Chennai and Kochi

Godrej Fund Management announces first close of $500 mn office fund

GFM announced the first close of its $500 million office development platform, GBTC II in partnership with Netherlands-based APG Asset Management, the cornerstone investor in the platform

Adani airports in Ahmedabad, Lucknow and Mangaluru get ACI accreditation

The evaluation process by ACI under the AHA programme is carried out after reviewing the evidence presented based on 118 checks

Railways ministry nod to new iron ore policy, to come into effect in Feb

Higher priority given to movement of iron-ore traffic for domestic manufacturing

Sensex, Nifty slide as Joe Biden's $2-trillion relief plan sparks worries

The dollar rose, while oil prices came off their 10-month highs as investors mounted risk-off bets

PM Narendra Modi to e-inaugurate railway station near Statue of Unity

CM Rupani said the PM would flag off eight trains from Kevadia, some 195 kilometres from here, during the virtual function on Sunday

Rajasthan's power distribution companies to raise Rs 1,500 cr through bonds

The rating factors in the companies' status as a wholly owned power sector entity of the state government

Bank credit growth rises to 6.6% in fortnight to January 1, shows data

Bank credit rose by Rs 1.57 trillion in the last fortnight of Q3FY21.

Income-Tax department brings out 'faceless penalty scheme'

It is aimed to complement the faceless assessment scheme by handling penalty recommendations

Irdai for extending validity of sandbox regulations by another 2 years

Due to Covid-19, most could not be completed within six months and they have been granted six months' extension

Trust MF launches maiden new fund offering: All you need to know

It will remain open for subscription from January 15-27, and be managed by Anand Nevatia along with Sandeep Bagla, CEO of Trust AMC