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Six firms get Sebi nod for IPOs: Lenskart, Wakefit among them; proceeds to fund expansion and brand initiatives and more

Lenskart, Wakefit get Sebi nod for IPOs Lenskart Solutions Ltd and five other companies, including Wakefit Innovations Ltd, have received Sebi’s approval for their initial public offerings (IPOs), according to a recent market regulator update.The regulatory approval was granted to Tenneco Clean Air India, Waterways Leisure Tourism (Cordelia Cruises operator), Shree Ram Twistex, and Lamtuf…

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Stock market: M-cap of 7 of top-10 most valuable firms jumps Rs 74,573 cr; HDFC gains top spot

Last week, the combined market value of seven of India’s ten most valuable companies rose by Rs 74,573.63 crore, with HDFC Bank emerging as the top performer.Even during the holiday-shortened trading week, the BSE benchmark surged 780.71 points, or 0.97%, while the Nifty also gained 239.55 points, registering a 0.97% rise.HDFC Bank, Tata Consultancy Services…

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India’s oil market: Why state-owned refineries are cutting Russian crude while private firms step up?

India’s oil market is seeing a mixed approach as state-owned and private refiners take contrasting strategies on Russian crude.State-run companies have cut back sharply while private refiners continue to take in supplies. In September, they imported an average of 605,000 barrels per day (bpd), 32% below their April–August average, 22% lower than August, and 45%…

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‘Gold rush’ moment: Did Trump’s H-1B fee hike backfire? US firms may shift high-value work to India

US President Donald Trump, with a business approach, raised H-1B application fees to an eye-watering $100,000 to protect Americans’ jobs — but did it backfire? According to a report from Reuters, industry insiders warn that Trump’s move may boomerang as many US companies are pushing to shift high-value work to India, where global capability centres…

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Logistics expansion: India emerges as top choice for APAC 3PL firms; sector driven by tech, e-commerce growth

India is fast becoming the top choice for Asia-Pacific (APAC) third-party logistics (3PL) firms looking to expand, with nearly 70 per cent of occupiers planning to increase their footprint in the country over the next two years, a CBRE report revealed.3PL providers handle end-to-end logistics operations for clients, enabling businesses to focus on core activities…

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Food processing push: Global, domestic firms may invest Rs 1.02 lakh crore; job creation in focus

The government said global and domestic companies have signed agreements to invest around Rs 1.02 lakh crore in India’s food processing sector during the four-day World Food India 2025 summit held at Bharat Mandapam in the national capital from September 25 to 28.The Ministry of Food Processing Industries said 26 companies, including Reliance Consumer Products,…

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Valuation watch: Top-10 most valued firms’ market cap drops by Rs 2.99 lakh crore; TCS emerges as the biggest hit on H1-B visa fees hike

The combined market valuation of India’s top-10 most valued companies shrank by Rs 2,99,661.36 crore last week, mirroring a bearish trend in equities, with IT bellwether Tata Consultancy Services (TCS) bearing the brunt.The BSE benchmark tanked 2,199.77 points or 2.66 per cent during the week, as investor sentiment was rattled by a series of domestic…

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‘We are undervalued’: Govt disappointed with state-run oil firms’ valuations; considers partial ownership sale

Union minister for petroleum and natural gas, Hardeep Singh Puri on Friday express disappointment with the investor community, citing the low valuation given to state-owned oil markets.Puri said that the government might consider selling part ownership in oil companies in order to increase efficiency, though there is no plan to sell any holding as of…

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Indian IT braces for $100,000 H-1B visa fee; firms look to offshoring, local hires to absorb shock – Report

NEW DELHI: Indian IT companies are preparing to cushion the impact of the US administration’s steep hike in H-1B visa fees, with analysts saying the blow, while sharp, is unlikely to be fatal for the sector. On September 19, President Donald Trump signed an executive order raising the fee for new H-1B applications to $100,000,…

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Indian IT firms invested $1billion in US talent training: Nasscom

BENGALURU: Even amid protectionist rhetoric from successive US administrations, the Indian IT industry has invested over $1 billion in local upskilling and hiring, driving a sharp rise in local recruitment. Over the years, Indian and India-centric firms in the US have steadily reduced their dependence on H-1B visas while expanding their domestic workforce. According to…

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