The Securities and Exchange Board of India (SEBI) has issued a cease-and-desist order against four unregistered online platforms. The unregistered online platforms (UOPs) involved are AI Growth Pvt Ltd, the owner of altGraaf; Texterity Pvt Ltd, the o

The IPO market, once a hub of excitement and sky-high demand, is losing its spark. Take November, for instance—big names like Afcons Infrastructure (2.6x), Sagility India (3.2x), Swiggy (3.6x), ACME Solar Holdings (2.8x), and Niva Bupa Health Insur

On November 19, insurance stocks in India witnessed a significant downturn following Finance Minister Nirmala Sitharaman’s comments urging banks to focus on core banking activities and avoid excessive selling of insurance products. The remarks, mad

Online travel company MakeMyTrip has announced its plan to acquire Happay, an expense management platform, from the fintech giant CRED. The deal will see MakeMyTrip enhance its corporate travel and expense management offerings, with an aim to solidif

According to provisional data from the NSE, domestic institutional investors (DIIs) made net purchases of ₹2,331 crore worth of shares on November 18. On the flip side, foreign institutional investors (FIIs) sold shares, recording a net outflow of

Rajputana Biodiesel Limited, a growing player in India’s biofuel industry, is launching its Initial Public Offering (IPO) to raise ₹24.70 crores through a fresh issue of 19 lakh shares. Rajputana Biodiesel IPO aims to support the company’s capi

The government is on track to surpass its direct tax collection target of ₹22.07 lakh crore for FY25, according to Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal. He announced this during the inauguration of the Taxpayers’ Lounge at t

NTPC Green Energy's initial public offering (IPO) has received steady investor interest over the three-day period. The IPO witnessed consistent growth in demand, with subscription rates growing from 0.36 times on day one, to 0.99 times on day two, an

Finance Minister Nirmala Sitharaman didn’t hold back on Monday when she called out the “stressful” interest rates we’re currently seeing. Speaking at an event hosted by the State Bank of India (SBI), she urged banks to consider making loans m

NTPC Green Energy IPO saw a significant anchor allocation response, with 39.56 of the total IPO size subscribed by anchor investors. Out of 926,824,883 shares on offer, anchors picked up 366,666,666 shares, demonstrating strong market confidence. Th

Godavari Biorefineries' shares dropped 4.42 to ₹293.80 after the company reported a consolidated net loss of ₹74.99 crore in Q2 FY25, compared to a net loss of ₹65.14 crore in Q2 FY24. The company's revenue from operations fell by 33.73 year-

Waaree Energies has announced its financial results for the quarter ended on September 30, 2024. The company reported a 14.7 rise in net profit to ₹361.6 crore, compared to ₹315 crore in the same period last year. Revenue increased slightly by 1