Last week, the Securities and Exchange Board of India (Sebi) sent a letter to bankers, listing over two dozens of new disclosure requirements.
The average time Sebi takes to clear the draft red herring prospectus (DRHP) a document companies must file before accessing public funds — has dropped to less than three months in 2024 (until May 31). This is a significant decrease compared to the average of 126 days in 2022 and 108 days in 2023, according to data from PRIME Database, a primary market tracking firm.
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CDSCO cracks whip on drug units
Shuts down 36% of the 400-odd drug manufacturing facilities for failing to meet quality standards
USFDA flags drug quality concerns in India
The Center for Drug Evaluation and Research (CDER), a division of the US Food and Drug Administration (FDA), has expressed concern over the quality of drugs manufactured in India, asserting that it found violations at 11 per cent of the facilities it inspected in the country, the highest in any other global region, a senior official said.
Arundhati Roy gets UK's Pen Pinter Prize
Booker Prize-winning author Arundhati Roy, currently facing the threat of prosecution over historic comments on Kashmir 14 years ago, was on Thursday honoured with the prestigious Pen Pinter Prize 2024 for her \"unflinching and unswerving\" writings.
7 YEARS OF GST: MONTHLY COLLECTIONS SURGE 87%
With enhanced revenues, the stage seems set for GST 2.0
Launches may offer shot in arm for GSK Pharma
The stock of GlaxoSmithKline Pharmaceuticals, or GSK Pharma, has risen over 5 per cent in a week.
700% surge in 6 mths: 25 SME stocks reach for the sky
Stocks of small and medium enterprises (SME) have had a good run at the bourses, with select counters surging more than 700 per cent in calendar year 2024, according to data from ACE Equity.
Allied Blenders' IPO subscribed 23.5 times
Allied Blenders & Distillers's initial public offering (IPO) was subscribed 23.5 times on Thursday, the concluding day of the issue.
'Tax relief will be big positive for markets'
All eyes are on Union Budget proposals that will in July show the policy intent of the new government.
Fairfax group divests 9.7% stake in CSB Bank
Canadian billionaire Prem Watsa's Fairfax group on Thursday divested a 9.7 per cent stake in CSB Bank through its arm FIH Mauritius Investments.
Dr Reddy's in pink of health after Haleon's NRT biz acquisition
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US.
