The firm will issue 22.2 million new shares in the QIP at a base price of ₹1,065.4 per share.
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Not defaulted on any payments, ensuring timely repayment to lenders: Kinara Capital
MSME-focused lender Kinara Capital said on Tuesday that it had not defaulted on any payments to lenders and is ensuring timely repayment to all.
World Looks to India as Global Adaptation Leader
The last Conference of the Parties (COP29) in Baku, Azerbaijan, was disappointing in terms of climate finance and adaptation efforts. All eyes are now on Brazil's COP30 later this year to take on the task of mobilizing climate finance, even as the US exit from the Paris Agreement and extreme weather events loom large. SIMON STIELL, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), in an exclusive email interview with Puja Das and Shreya Jai, says adaptation will be a focus area for all nations, urges India to accelerate its clean energy efforts, lauds the LIFE (Lifestyle for Environment) mission, and highlights India's potential to be a global example in climate action. Edited excerpts:
Sebi proposes to beef up trading account security
The Securities and Exchange Board of India (Sebi) has proposed a SIM binding mechanism to prevent unauthorised access to trading and demat accounts, similar to the security measures used in UPI payments.
Proteins vs beverages: Gnawing spending gaps in some states
Some large states' spending on beverages and processed foods is nine times as much as that on high-quality proteins like eggs, fish and meat, shows Household Consumption Expenditure (HCE) survey data for 2023-24.
Licious eyes 2026 IPO, targets $2 bn valuation
Licious, a Temasek Holdings-backed online seller of meat and seafood, is seeking to become profitable as it prepares to list in 2026, adding to a slew of consumer-facing firms eyeing the public markets.
U.S., Russia Hold Talks in First Step to Ukraine Peace
Moscow Insists NATO Take Back Ukraine Membership Promise
Caveat influencers
An ethics council is a good start
RBI Should Focus on Liquidity If It Wants to Support Growth: Mishra
If the Reserve Bank of India's (RBI) goal is to ease financial conditions, which will consequently lead to higher credit offtake and support growth, it should focus on alleviating the persistent tight liquidity conditions rather than cutting the policy rate, said Neelkanth Mishra, chief economist, Axis Bank.
Widening trade deficit raises dumping concerns
The widening merchandise trade deficit at $23 billion in January from $16.5 billion a year ago has raised concerns of dumping by trade partners.
Stocks of listed brokers, asset managers fall up to 70% in market crash
A market correction in the last few months has seen shares of listed stockbrokers on the National Stock Exchange (NSE) tumble up to 70 per cent at the bourses.
