HDFC Bank, India’s most valued lender, has shrugged off concerns related to AT1 (additional tier) bonds that arose with the crisis at Yes Bank as it raised $1 billion from overseas investors. India’s biggest private-sector bank raised the amount�

CarTrade Tech Ltd, the operator of several automobile classifieds portals such as CarTrade, CarWale and BikeWale, listed its shares on stock exchanges at a slight discount to its issue price. The company’s shares started trading at Rs 1,600 apie

Pune-based Emcure Pharmaceuticals Ltd is making its second attempt to float an initial public offering (IPO), joining a bunch of healthcare companies to tap into the stock market buoyancy. Emcure has filed a draft prospectus with the capital

Ruchi Soya Industries Ltd, the publicly listed edible oil company now controlled by fast-moving consumer goods and wellness products firm Patanjali Ayurveda, has received regulatory approval for a follow-on public offering (FPO). The proposed FPO, w

India’s business activity, which was hammered amid the second wave of the coronavirus pandemic between late March and early July, has recovered to an all-time high as lockdown restrictions ease due to a fall in infections. As per the Nomura Glob

The list of Indian companies rushing to sell their shares on the stock markets for the first is getting longer by the day as benchmark indexes remain near record highs. VLCC Health Care, Inspira Enterprise, Tarsons Products and Latent View Ana

AV Birla Group flagship Grasim, a diversified holding company for various businesses, posted strong quarterly profit numbers with both operating and net profit exceeding analyst estimates but its revenue growth lagged expectations. The company clo

India’s primary market activity is showing no signs of slowing with four more companies filing draft documents to launch their initial public offerings even as benchmark indexes touched new highs on Friday. Restaurant operator Sapphire Foods I

Indian stocks touched new record highs Friday after data showed retail inflation eased and industrial output rose while the government promised more steps to accelerate economic growth. The consumer price index fell to a three-month low of 5.59 in J

Eicher Motors Ltd swung to a profit for the quarter ended June 30 from a loss a year earlier as it sold more motorcycles, but reported a steep drop in earnings compared with the preceding three months. The maker of Royal Enfield bikes said it post

Food delivery platform Zomato Ltd’s consolidated net loss widened during the three months through June, but its revenue jumped as more people ordered online due to stay-at-home curbs to tackle the Covid-19 pandemic. Net loss for the April-June qua

State-run Power Grid Corporation of India Ltd has posted a three-fold jump in consolidated net profit for the April-June quarter thanks to a one-time gain from the sale of units of an infrastructure investment trust (InvIT). The transmission utility