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NEW DELHI: The IPO momentum shows no signs of slowing, with another two dozen companies, including ICICI Prudential AMC, Meesho and Juniper Green Energy, preparing to launch their public issues that could collectively raise nearly Rs 40,000 crore over the next two months, merchant bankers said. Adding to this robust pipeline are prominent names such…
MUMBAI: Sebi is proposing that companies filing IPO documents should file a summary of the offer with most important points in it. It’s also proposing to do away with the practice of filing an abridged offer document.Sebi is also proposing to include shares pledged by the promoters of an IPO-bound company for lock-in by the…
NEW DELHI: The Centre is set to check proliferation of quality control orders (QCOs) and ease implementation pangs amid widespread criticism by industry, especially from those dependent on imported inputs. Besides, there are multiple complaints of a bunch of “consultants” operating to facilitate clearances. Currently, there are 191 QCOs, covering 773 products, ranging from furniture…
Mumbai: State Bank of India expects corporate credit growth to accelerate in the coming quarters, supported by a Rs 7 lakh crore pipeline of loans. Chairman CS Setty said the bank anticipates at least 10% growth in corporate lending over the next two quarters, even as corporates continue to make large pre-payments.Setty said repayments in…
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…
NEW DELHI: Ratings agency CareEdge is closely monitoring companies with large exposure to the US market, its managing director and group CEO Mehul Pandya told TOI, amid concerns that US tariffs could adversely impact the credit quality of corporates. Pandya said the agency is evaluating sectors that are heavily dependent on the US for exports….
NEW DELHI/HYDERABAD: India’s generic companies are likely to continue in business-as-usual mode as US President Donald Trump’s 100% levy on pharmaceuticals is targeted at branded and patented medicines, but it may also prompt some of them to rethink their playbook.Industry experts told TOI that the country’s largest drugmaker Sun Pharma could face headwinds as its…
NEW DELHI: A new study has estimated India’s logistics cost at 8% of GDP, with smaller firms having a higher burden.In 2023-24, for entities with turnover of up to Rs 5 crore, the cost added up to 16% of their output while it was pegged at 7.6% in the case of companies with turnover of…
NEW DELHI: Steel magnate Sajjan Jindal’s fully-owned car venture JSW Motors is in talks with BYD — the world’s biggest EV maker — and a clutch of other Chinese companies like Geely, Cherry, Xiaomi, Nio Auto, and Li Auto for platform and component access. The Indian company has lined up investments of nearly Rs 26,000…
New Delhi: Over a dozen firms, including leading private equity firms, are in the fray to acquire a 10-15% stake in Balaji Wafers, where the promoters are diluting their stake, industry sources said.PE firms, including Temasek, which recently acquired a 10% stake in Haldiram, along with TPG, ADIA (Abu Dhabi Investment Authority) and some 10…
