Breaking News Archives - Page 111 of 133

27 May

IPO Listing: Borana Weaves Shares debut at nearly 13% premium

MFNewsBrands, Breaking News, Business, Opinions, Shares, Technology

#IPOListingBoranaWeaves Mumbai: Shares of textile manufacturer Borana Weaves kicked off its innings at Dalal Street on Tuesday, May 27. The stock listed at a premium of 12.50% at ₹243 on both the BSE and the NSE, This compares to an issue price of ₹216. Ahead of its debut, the grey market premium (GMP) for the company's shares stood at ₹43. The IPO, which was open for bidding between May 20 and May 22, received a bumper response from investors across all categories. The issue was booked 148.77 times overall, with the retail portion subscribed 200.50 times, NII segment 237.41 times,…

26 May

KANODIA CEMENT LIMITED FILES DRHP WITH SEBI

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#KANODIACEMENTDRHPSEBI Chandigarh: Kanodia Cement Limited (“the Company”), a cement manufacturing company operating through satellite grinding units (“SGUs”) in the states of Uttar Pradesh and Bihar, specializing in the production of blended cement such as Portland Pozzolana Cement and Composite Cement has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through offer of equity share capital via initial public offering. The Public Offer comprises ‘Offer for Sale’ of up to 14,913,930 equity shares with face value Rs.10 each share. As per the CRISIL Report, Kanodia Cement…

26 May

Groww files confidential IPO papers with SEBI

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions, Shares, Technology

#GrowwfilesIPOpapersSEBI Chandigarh: Groww, India’s largest stock broking firm by active investor base, has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). According to sources familiar with the matter, the IPO size is expected to be around $700 mn - $1 bn, comprising a mix of a fresh issue and an offer for sale component. The company is backed by marquee investors like Peak XV, RIBBIT, YC, ICONIQ, Tiger Capital, and Microsoft CEO Satya Nadella. Proceeds from the IPO are expected to be invested in technology development and business expansion. As reported…

26 May

Samsung Becomes First Brand to Cross INR 10000 Crore in TV Sales in India

MFNewsBrands, Breaking News, Business, Entertainment, Opinions, Technology, Travel

#Samsungtvsales10kCr #SamsungIndiaTvsales #SamsungIndia Chandigarh: Samsung, India’s largest consumer electronics brand, announced that its television business has crossed INR 10000 Crore in sales in calendar year 2024. This makes Samsung the first brand in India to achieve the significant milestone in the television industry. Samsung said it is confident of achieving double-digit growth in 2025, driven by an expansive portfolio of premium offerings and growing demand for large-screen, AI-powered televisions. “2024 was a landmark year for Samsung India. In value terms, we achieved a turnover of INR 10000 crore. We now aspire to grow in double-digit this year backed by our new…

25 May

Edelweiss AMC launches ‘altiva SIF’ brand to expand Specialised Investment Funds offering

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#EdelweissAMCaltivaSIF Mumbai: The altiva SIF platform aims to provide diversified investment solutions across equity, hybrid, and fixed income categories, addressing the evolving needs of investors seeking alternatives beyond traditional mutual funds. Edelweiss Asset Management Limited (AMC) has introduced a new brand identity, altiva SIF, to represent its Specialised Investment Funds (SIFs) business. The move positions Edelweiss AMC among the early entrants into the emerging SIF space. The altiva SIF platform aims to provide diversified investment solutions across equity, hybrid, and fixed income categories, addressing the evolving needs of investors seeking alternatives beyond traditional mutual funds. Radhika Gupta, Managing Director and…

25 May

NFO: Union MF launches Income Plus Arbitrage Active FoF, Close on 05 June

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#UnionMFFoF #UnionMFIncomePlusArbitrageFoF Chandigarh: Union Mutual Fund launches an open-ended Fund of Fund combining arbitrage and debt schemes, with NFO open from May 22 to June 5, 2025. Union Mutual Fund has introduced a new open-ended scheme – Union Income Plus Arbitrage Active Fund of Fund (FoF). The fund combines exposure to arbitrage strategies and debt-oriented mutual fund schemes. Subscriptions for the New Fund Offer (NFO) open on May 22, 2025, and close on June 5, 2025. The scheme will reopen for continuous purchase and redemption within 5 working days from the date of allotment. Fund Overview Fund Name: Union Income Plus…

25 May

Employees Provident Fund Body EPFO Retains 8.25% Interest For FY25

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#EPFOInterestrateFY25 New Delhi: The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. The approved rate of interest for 2024-25 was sent for concurrence of the Ministry of Finance. "Ministry of Finance has given concurrence to 8.25…

24 May

SCODA TUBES LIMITED ₹220 CRORE IPO TO OPEN ON MAY 28, 2025, Price Band ₹130 to ₹140

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#SCODATUBESIPOon28May #ScodaTubesIPO · Price Band fixed at ₹130 to ₹140 per Equity Share of face value of ₹ 10 each (“Equity Shares”); · Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter; · RHP link: https://www.mnclgroup.com/storage/scoda-tubes-rhp.pdf Chandigarh: Scoda Tubes Limited (“STL” or “The Company”) shall open its Bid / Issue in relation to its initial public offer of Equity Shares on Wednesday, May 28, 2025. The Anchor Investor Bidding Date shall be Tuesday, May 27, 2025. The Bid/Issue will open on Wednesday, May 28, 2025 for subscription and will close on Friday,…

24 May

Axis AMC Announces the Final Close of Axis Structured Credit AIF II at ~INR 740 Crores

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#AxisAMC #AxisStructuredCreditAIF Chandigarh: Axis Asset Management Company (Axis AMC), one of India’s fastest growing asset management companies is pleased to announce the final close of Axis Structured Credit AIF II, successfully raising commitments of approximately INR 740 crores. The fund has garnered significant interest from investors, reinforcing the firm’s position in the structured credit investment space. The fund received strong backing from a diverse investor base, with close to more than half of commitments coming from institutional investors, including insurance companies, corporates (both listed and unlisted), and family offices. The remaining commitments were secured from HNIs and wealth management channels,…

24 May

Glance AI Launches AI-Native Commerce Platform Built on Deep Commerce Intelligence and Hyper-Real Visual Shopping

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#GlanceAINative #GlanceBuiltDeepCommerceIntelligence Powered by Proprietary AI Architecture Fusing Predictive Intelligence, Neural Visualization and Real-time Orchestration, Glance AI to Reimagine AI Commerce · Gen AI Powered Discovery: Glance AI replaces search with inspiration, letting users discover AI-curated looks instantly styled on them, just by uploading a selfie or image. · Hyper Realistic Visualization: Using advanced diffusion and geometry modelling, Glance AI delivers photorealistic renderings tailored to each user’s body, style, skin and more. Chandigarh: In a pivotal moment for global commerce and AI innovation, Glance, a leading consumer technology company backed by Google, has unveiled Glance AI, an AI-native commerce platform…