Domestic shipping companies are expected to continue to see a declining trend in revenue growth with an on-year dip of 8-10 per cent in fiscal 2026, stated a report by CRISIL Ratings. This, it added, will be on account of softening of charter rates — for crude oil and petroleum products amid stagnant demand, and
By Ajit Mishra The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. The benchmark indices remained in a tight range throughout most of the week but managed to close firmly on the final day despite significant volatility. Favorable macroeconomic data, including lower CPI inflation and improved
International Gemological Institute IPO allotment will be finalised on December 18. The company’s IPO was subscribed 35.48 times as of December 17 (Day 03). The retailers booked the issue 11.77 times and the employee section was booked 21.79 times. The IPO opened on December 13 and closed on December 17. Here’s how you can check
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
Shriram Finance, the flagship company of diversified conglomerate Shriram Group, is set to cross Rs 3 lakh crore in assets during the next financial year starting April 1 with loan growth of 15%.”We expect 15% credit growth for FY26 if the GDP grows at 6.5%. Usually, loan growth is more than 2 times of the
The share markets remain closed today on account of Eid-ul-Fitr. There will be no trading in other segments, including the equity derivatives as well as the securities lending and borrowing (SLB) today. It’s an extended weekend for market participants as the exchanges are shuttering Eid-ul-Fitr, a key Islamic festival. The commodity and rupee trade will
Hindustan Aeronautics was in trouble after the Indian Air Force’s (IAF) chief called out HAl for delay in deliveries of orders. To that, HAL in its response said, GE Aerospace didn’t supply engines for the light combat aircraft Tejas. ICICI Securities on HAL: Upgrades to Buy from Hold However, two days back GE Aerospace delivered
The Asian markets slumped in Monday’s trade after US President Donald Trump’s new reciprocal tariffs are expected later in the week. The major benchmark indices in Asia-Pacific were trading in the red. Japan’s benchmark Nikkei 225 was down 1,412 points, or 3.80%, to 35,708 after plunging over 4%, while the broader Topix index lost 2.33%.
Private equity firm Temasek will acquire nearly 10% stake in Haldiram Snacks (Haldirams) for about Rs 8,600 crore ($1 billion), sources told FE. This transaction marks the largest private equity deal in India’s consumer sector, valuing Haldirams at ₹86,000 crore ($10 billion). “We look forward to working with Temasek to harness the value they bring from
