India has traditionally struggled to produce enough coal to meet demand. However, the crisis of coal has never been this bad. According to reports coming in from the thermal power plants in India, coal stocks are critically low. This is all the more

Ritesh Agarwal is already India’s youngest self-made dollar billionaire at the age of 27. But he has bigger plans to take the company public. Oravel Stays, the company that operates OYO Rooms, has filed the draft red herring prospectus (DRHP) with

On 01st October, the NCLT passed an order urging Zee Entertainment to call an extraordinary general meeting (EGM) of shareholders as demanded by Invesco Fund and OFI Global China. These 2 funds hold 17.88 stake in Zee Entertainment and are the singl

According to media reports, there is now official Finance Ministry confirmation that LIC will file its draft red herring prospectus (DRHP) with SEBI in Nov-21 and the road shows for domestic and international investors will begin in Jan-22. DIPAM has

Even as the Evergrande crisis has become the highlight of all that is wrong with the China model, the country is facing another crisis at a macro level. That is the rampant power shortage in China. It is not just China, but even the UK and the

The Rs.2,768.26 crore IPO of Aditya Birla Sun Life AMC Ltd, consisting entirely of an offer for sale (OFS) of Rs.2,768.26 crore, was already fully subscribed on Day-2. As per the combined bid details put out by the BSE, Aditya Birla Sun Life AMC Ltd

Paras Defence & Space Technologies had a bumper listing on 01st October as it listed at a premium of 168; much better than what the GMP had indicated. Paras Defence & Space Technologies listed at a premium of 168 and traded through the day

In an unprecedented hike, the Union government increased the price of natural gas by 62 from $1.79 per MMBtu to $2.90 per MMBtu (million British Thermal Units). This is the sharpest hike in natural gas prices in a subsequent 6 month period. Indian g

In a move that is significant, and also surprising, Maruti Suzuki has decided to cut its production of passenger cars by 40 for the month of October. This decision has been triggered by the tremendous shortage of microchips in the global market. Mic

In its preliminary hearing on 30th September, the National Company Law Tribunal (NCLT) has instructed Zee Entertainment board to consider the EGM requisition put forth by Invesco Fund. Incidentally, Invesco Fund holds 17.88 stake in Zee Entertainmen

Waaree Energies, which specializes in solar PV (photovoltaic) module manufacturing, is planning to come out with a fresh issue of Rs.1,350 crore. In addition, the company will also undertake an offer for sale (OFS) of 40.08 lakh shares by the existin

The Rs.2,768.26 crore IPO of Aditya Birla Sun Life AMC Ltd, consisting entirely of an offer for sale (OFS) of Rs.2,768.26 crore, was just about fully subscribed on Day-2. As per the combined bid details put out by the BSE, Aditya Birla Sun Life AMC L