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

One of India’s homegrown mobile phone manufacturers, Lava International, plans to hit the IPO market and has already filed the draft red-herring prospectus with SEBI. The next steps will be undertaken after SEBI approves the DRHP and gives its obse

The Rs.170.78 crore offer for sale of Paras Defence & Space Technologies consisted of a fresh issue of Rs.140.60 crore and an offer for sale of Rs.30.18 crore. The issue had been priced in the band of Rs.165 to Rs.175 per share. The issue had clo

Birla Corp, the cement business of the MP Birla group, plans to undertake a massive expansion plan to double its cement manufacturing capacity to 30 million tonnes per annum (MTPA) by the year 2027. Its current cement capacity is 15.6 MTPA. Birla Cor

Year 2021 has been the year of the IPOs. In the first 9 months of the year, a total of 44 IPOs hit the market (including the IPO of Aditya Birla Sun Life currently open). These 44 IPOs raised Rs.78,520 crore. This includes two non-equity IPOs of Broo

In an interesting development, the largest shareholder of Zee Entertainment, Invesco Fund, has moved the National Company Law Tribunal (NCLT). It has asked the NCLT to intervene and instruct the Zee board to call an Extraordinary General Meeting (EGM

The COVID-19 pandemic was a spirit dampener across the globe, but the timely actions and policies of the government have brought India's development trajectory back on track. And since the capital markets react to positive news faster than anything e

With the end of the fiscal year 2021, about a whopping INR 99 trillion had been parked in the public sector banks in the form of fixed deposits earning an average of 5 interest. On the other hand, retail inflation averaged at approximately 6. This

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 partially subscribed on Day-1. As per the combined bid details put out by the BSE, Aditya Birla Sun Life AMC Ltd IPO