Business
Thyrocare promoter sells 10% for ₹667cr
Docon Technologies, one of the promoters of Thyrocare, on Friday divested a 10% stake in the medical diagnostics chain for Rs 667 crore through an open market transaction. After the stake sale, Docon Technologies’ holding in Thyrocare has declined to 61%. Source link
Sebi cracks whip, bans 13 entities
sebi identify iex insider trading Mumbai: Sebi has banned 13 entities from the market for between one and three years, and also put a combined monetary penalty of nearly Rs 1.1 crore for front running trades of three large entities. In Dec 2024, six entities, related to these 13 had settled their case with Sebi…
‘MNCs come to India to take part in consumption story’
Sanjay Sharma, MD, Orkla India MUMBAI: Orkla India, maker of popular dosa batter and ready to eat meals brand MTR Foods, is heading for a public market debut 17 years after the company entered the country, a move it said will establish value for the business and allow it to step up acquisitions in a…
Sebi bars MFs from participating in cos’ pre-IPO shares sale
MUMBAI: Markets regulator Sebi has barred mutual funds (MFs) from investing in companies which are in their pre-IPO stage. However, this ban won’t apply to fund houses investing through the anchor investment route, which is reserved for qualified investors only and is done a day before the IPO opens to all investors.The regulator’s logic behind…
Bharat International Rice Conference 2025: Mega event to bring together producers, exporters, and policymakers; set to be held in Delhi
The Bharat International Rice Conference (BIRC) 2025 is set to be held at Bharat Mandapam, Delhi, on October 30-31, in partnership with the Department of Commerce, Ministry of Commerce and Industry. Organised by the Indian Rice Exporters’ Federation (IREF) in collaboration with APEDA, the event aims to position India as a global hub for rice…
China’s 2020 trade deal under scrutiny: Trump administration launches compliance probe; Beijing agreed to buy more US products, services
The United States on Friday launched an investigation into China’s adherence to the ‘Phase One trade’ deal signed in 2020.Under the deal, China had pledged to increase purchases of US products and services by hundreds of billions of dollars over 2020 and 2021. However, the targets were not met, largely due to the Covid-19 pandemic.The…
US inflation at 3% in September: Gas prices rise, rent growth eases; Trump’s tariffs raise consumer goods costs
US inflation hits 3% (AP) US inflation remained elevated in September, fueled by a surge in gas prices, even as rent growth slowed, reflecting a mixed picture for consumers in an economy with steady growth but sluggish hiring.According to the labor department report, cited by AP, consumer prices rose 3% from a year earlier—the highest…
Social security benefits to rise 2.8%: Retirees to see $56 monthly boost; senior citizens say increase not enough
Social security benefits to rise 2.8% (AP) The Social Security administration on Friday announced that its benefits will increase by 2.8% in 2026, giving retirees an average monthly boost of more than $56. The rise reflects moderating inflation after several years of higher cost-of-living adjustments (COLA).The increase will take effect in January for nearly 71…
India’s forex reserves cross $700 billion: Value of gold holdings surges; foreign currency assets fall slightly
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…