Supply chain company Delhivery has received capital markets regulator Sebi’s approval to raise Rs 7,460 crore through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus … Continue reading Delhivery gets Sebi’s go-ahead to raise Rs 7,460 crore via IPO

Brent crude prices hit their highest level in more than seven years on Tuesday on growing demand optimism, easing concerns about the Omicron Covid variant and geopolitical tensions. The contract hit $86.84 in Asian trade, a level not seen since late October 2014.

While the Centre wants Tesla to set up base in India and sell locally and export, Musk insists on slashing import duties first. The government may consider lowering import duty along with offering other sops but Tesla has to play ball and set up a manufacturing factory here first.

For almost two years, India has steeled itself for a gargantuan task: readying the country’s premier insurer — with nearly $500 billion in assets and a valuation estimated as high as $203 billion — for what could become its biggest-ever stock listing.

You will get to actually own India’s biggest insurer, at least partially, if you can lay hands on a part of Life Insurance Corporation’s stake that will be up for sale soon. Here’s what the share sale is all about.

Calling the Antrix-Devas satellite deal “a fraud on the people of India and against the country” by the then UPA government, Union finance minister Nirmala Sitharaman on Tuesday said liquidation proceedings against the Bengaluru-based company will go on as per the Supreme Court’s order.

The list of airlines getting apprehensive about the impact of 5G internet rollout in the US this week on flight operations is growing by the day. Air India, the only Indian carrier that operated nonstops between Indian the US, tweeted on Tuesday it will “curtail/revise (US ops)… with change in aircraft type from January 19, … Continue reading Frequency fears: Air India to ‘curtail/revise’ US ops

A UK court on Tuesday ordered enforced possession of Vijay Mallya’s multi-million-pound luxury home in London. As a result, Mallya and his family — son Sidhartha and mother Lalitha who live there — will be evicted from the house.

Hero MotoCorp shares jump nearly 6%

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Shares of Hero MotoCorp on Monday jumped nearly 6 per cent after the company’s board approved further investment of up to Rs 420 crore in electric two-wheeler company Ather Energy. The stock rallied 6 per cent to Rs 2,721 on the BSE.

China’s economy got off to a strong start in 2021 as activity rebounded from a pandemic-induced slump the previous year, but it has lost steam due to a property downturn, debt curbs and strict Covid-19 curbs which have hit consumption.

Banks want tax sops for 3-year FDs

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Ahead of the Budget, the Indian Banks’ Association (IBA) has made a fresh pitch for reducing the lock-in period for fixed deposits (FDs) to be eligible for tax breaks from the current five years to three so that they are able to compete more favourably with other products.