Latest News, Updates & Breaking Headlines
BENGALURU: AceVector, the parent company of the ecommerce platform Snapdeal, submitted an updated draft red herring prospectus to the Sebi, moving closer to its public debut. The filing outlines plans to raise up to Rs 300 crore through a fresh issue of shares, along with an offer for sale (OFS) of up to 6.3 crore…
File photo: Union commerce and industry minister Piyush Goyal New Delhi: The visiting EU team will hold discussions with Union commerce and industry minister Piyush Goyal on Monday on the progress of negotiations on the proposed FTA, an official said. The meeting is important as both sides are eager to conclude the negotiations as early…
US President Donald Trump on Sunday raised concerns about the recent Hollywood deal that shook up the media landscape, Netflix acquisition of Warner Bros. The US president, speaking to the media while arriving for the Kennedy Center Honors awards ceremony on Sunday, said that the proposed multi-billion-dollar acquisition raised concerns about market dominance. The streaming…
NEW DELHI: Foreign investors have pulled out Rs 11,820 crore ($1.3 billion) from Indian equities in the first week of this month, primarily driven by the sharp depreciation of the rupee.This sharp withdrawal follows a net outflow of Rs 3,765 crore in November, further pressuring markets.This takes the total outflow for 2025 to Rs 1.55…
MUMBAI: RBI has granted in-principle approval for Fino Payments Bank to convert into a small finance bank, allowing it to enter lending, widen its product suite and build a stronger liability franchise while continuing current operations until final clearance. It is the RBI’s first such approval for any payments bank. Fino said it is reworking…
MUMBAI: Trading in rights entitlements (REs) for Adani Enterprises picked up pace in the last two sessions of the week as the closing date for the Rs 25,000-crore issue neared. In the last two sessions, nearly 50 lakh rights entitlements were traded on the two exchanges with the price moving up by 23%. The offer…
MUMBAI: RBI’s plans to add nearly Rs 1.5 lakh crore to money markets will provide temporary relief but that may not be enough, analysts say. Further action could be required in the fourth quarter of the current fiscal, they said. If the rupee remains under pressure, RBI may need to use its reserves to limit…
NEW DELHI: The online money gaming industry may be crippled after the govt’s ban on their operations, but Korean esports major Krafton — the maker of the popular Battlegrounds Mobile India (BGMI) game — is doubling down on India. The company is lining up investments of around $200 million (around Rs 1,800 crore) for the…
The Ministry of New and Renewable Energy (MNRE) on Sunday dismissed reports suggesting it had asked lenders to halt financing for renewable energy projects, saying no such advisory has been issued to financial institutions, PTI reported.In a statement, the ministry said it has not directed banks or other lenders to stop extending loans to renewable…
Global cues are likely to take centre stage for Indian equities in the coming week, with investors bracing for the US Federal Reserve’s interest rate decision and closely tracking foreign institutional investor (FII) activity for direction, PTI reported.Analysts said domestic markets, which ended last week largely flat, are expected to react to a mix of…
