Despite continued selling by Foreign Institutional Investors (FIIs) and a decline in their Assets Under Custody (AUC) in equities amid market corrections, other investor groups have suffered even greater portfolio losses in percentage terms. Hindu Undivided Families (HUFs) experienced the sharpest drop, with their equity holdings plummeting over 87% since the market peak in September. Brokers and...
2025
The U.S. Secretary of State announced on Monday that most USAID programs would be shut down following a six-week review. "After a six-week evaluation, we are officially canceling 83% of USAID programs," stated Secretary of State Marco Rubio in a post on X. According to Rubio, the cancellation affects 5,200 contracts, which had spent tens of billions of dollars in ways that either failed to serve...
New Zealand PM Christopher Luxon will make an official visit to India from March 16-20, 2025, following an invitation from PM Narendra Modi, the Ministry of External Affairs...
Sun Pharma, India's largest pharmaceutical company by revenue, has announced its acquisition of Nasdaq-listed Checkpoint Therapeutics, a company specializing in immunotherapy and targeted oncology treatments. The deal, valued at up to $355 million, involves an upfront cash payment of $4.10 per share, representing a 66% premium over Checkpoint’s closing price on March 7, 2025. Checkpoint is a...
Reduces the number of sections by 42% (from 931 to 536). Increases the number of schedules from 14 to 16. Aims to simplify the tax structure and reduce compliance burden. Understanding Sections & Schedules: Sections: Define specific tax rules, obligations, and rights (e.g., income computation, deductions, penalties). Schedules: Provide additional details, explanations, and procedural...
Ajax Engineering IPO: Key Details 1. IPO Opening & Closing Dates Opens: February 10, 2025 Closes: February 12, 2025 2. IPO Size & Type Total Issue Size: ₹1,269.35 crore Entirely an OFS (Offer for Sale) – Company will not receive any funds. 3. Price Band ₹599 – ₹629 per share 4. Grey Market Premium (GMP) ₹49 per share (indicating a potential listing at...
IPO Details Opened: January 24, 2025 Closes: January 24, 2025 Size: ₹220.5 crore (75 lakh equity shares) Price Band: ₹279-₹294 per share Subscription Status (First Day) Fully subscribed within minutes of opening. Overall subscription: 6.59x (as of 12:14 PM on Day 1). Retail category: 7.61x Non-Institutional Investors (NII): 10.95x Qualified...
IPO Launch Date: Opens: Monday, Jan. 20 Closes: Wednesday, Jan. 22 Issue Size: Total: Rs 169.37 crore Comprises a mix of fresh issuance and offer for sale by existing shareholders. IPO Allotment and Listing Timeline: Share Allotment: Jan. 23 Refunds and Demat Credit: Jan. 24 Listing Date: Jan. 27 on BSE SME Lot Size and Investment: One lot =...
Key Details: IPO Opening Date: January 16, 2025 IPO Closing Date: January 20, 2025 Fundraising: Rs 199.45 crore Fresh Issue: 1,78,58,740 equity shares Offer for Sale (OFS): 43,02,656 equity shares by promoter Shazad Sheriar Rustomji Price and Lot Size: Price Band: Rs 85-90 per share Lot Size: 165 shares (min bid: Rs 14,850; max bid: Rs 1,93,050 for 13 lots) Grey Market...
The Laxmi Dental IPO is a book-built issue worth ₹698.06 crore, consisting of two parts: A fresh issue of 0.32 crore shares, totaling ₹138 crore. An offer for sale (OFS) of 1.31 crore shares, totaling ₹560.06 crore. Key Details: IPO Subscription Dates: Opens on January 13, 2025, and closes on January 15, 2025. Allotment Date: Expected to be finalized on January 16, 2025. Listing...