Hamps Bio, a pharmaceutical products supplier, is set to finalise the allotment of shares for its public issue on Wednesday (December 18). The SME IPO ran its subscription window from December 13 to December 17. When to Expect the Allotment The allotment of Hamps Bio IPO shares is scheduled for today. Investors who participated in
The Union Labour Ministry has issued clarifications regarding minimum pension eligibility for members under various circumstances, as well as the conditions under which a pensioner becomes entitled to a pension under EPS 95. Minister of State for Labour and Employment, Shobha Karandlaje, clarified the eligibility criteria for EPS 95 pensions in the Lok Sabha. Members
The Indian REITs Association (IRA) on Wednesday announced that it has appointed Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield India Real Estate Trust, as its new Chairman. Established in 2023 under the guidance of the Securities and Exchange Board of India (SEBI), the Indian REITs Association is a non-profit trade organization that
Burger King-operator Restaurant Brands Asia (RBA) announced that its board will meet on Friday, December 20, to consider raising funds via a preferential issue, qualified institutions placement (QIP) or other methods. In a regulatory filing, the company said, “We wish to inform you that a meeting of the Board of Directors (the Board) of Restaurant
Inox Wind Limited (IWL) on Wednesday announced that it has bagged a 60 MW order from Serentica Renewables (Serentica). This order, it said in a regulatory filing, is for the supply of 3 MW class turbines to be delivered within H1 CY25. Additionally, IWL will provide multi-year post commissioning operations & maintenance (O&M) services for
Crude oil prices continued to be stable on Wednesday as investors are cautious ahead of the US Federal Reserve’s expected interest rate cut. As per the latest update, Brent crude futures were up by 12 cents and were at $73.31 per barrel whereas US West Texas Intermediate (WTI) crude were hiked by 11 cents and
Purple United Sales, a premium children’s fashion brand, made its entry on the NSE SME platform on Wednesday (December 18), listing at Rs 199, an impressive 58 per cent premium over the issue price of Rs 126 per share. Grey Market Sentiment Before Listing Prior to its official debut of the SME issue, the shares
Sai Life Sciences, one of the key players in the contract research, development, and manufacturing (CRDMO) sector, made its debut on the Indian stock exchanges today, December 18. Shares of the company hit Dalal Street with a premium of 18 per cent to the issue price. On BSE it got listed at Rs 660 and
Godrej Consumer Products (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of Rs 515 crore. The facility has the potential to generate 1,000 direct and indirect jobs. Speaking on the sidelines, the company’s MD & CEO, Sudhir Sitapati, said the slowdown in
Direct-to-consumer (D2C) skincare brand Minimalist, recently acquired by Hindustan Unilever (HUL) for Rs 3,000 crore, will leverage the FMCG firm’s vast distribution network to scale up both its domestic and international presence. The deal, which aligns with Minimalist’s expansion goals, will provide the resources needed for growth in manufacturing, research and development (R&D), and offline
The addition of demat accounts in February fell to a 21-month low at 2.26 million even though their total number surpassed the 190 million mark, according to data from CDSL and NSDL. As the stock markets have entered a correction phase since late September, the monthly addition of new demat accounts also showed a declining
Goldman Sachs has reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday’s level of 22,460. Goldman’s three-month target for the NSE benchmark is 23,000 and it expects the indice to touch 24,000 in the next six months. ALSO READAfter Goldman
India added 25.2 gigawatt (GW) of solar power capacity in the calendar year 2024, significantly higher than 8.3 GW installed in 2023, as per Mercom’s recent report on solar market. The market witnessed record installations last year surpassing annual capacity additions of all previous years. During last year, 22 GW of large-scale solar projects were
