The initial public offering (IPO) of BlueStone Jewellery and Lifestyle Ltd, which sells contemporary jewellery under its flagship brand ‘BlueStone’, was subscribed 39% on the first day of bidding on Monday.According to NSE data, the three-day issue received bids for 63,89,570 shares against 1,65,14,421 shares on offer, reported PTI. The quota for qualified institutional buyers…
NEW DELHI: The Adani Group has further expanded its presence in the maintenance repair overhaul (MRO) space. After acquiring Air Works, it has now tied up with another major MRO in Nagpur.Adani Defence Systems and Technologies Ltd (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a…
Indian refiners have the technical capability to operate without Russian crude, but such a move would come with significant economic and strategic consequences, energy analytics firm Kpler has warned. Russian oil currently makes up nearly 38 per cent of India’s refinery feedstock, prized for its high diesel and jet fuel yields, competitive pricing, and reliable…
The implementation of a 50% tariff on Indian goods by Donald Trump has strained diplomatic relations between New Delhi and Washington. Major American brands in India, including McDonald’s, Coca-Cola, Amazon and Apple, are faced with boycott demands as corporate leaders and supporters of Prime Minister Narendra Modi respond to US tariffs. India’s vast population makes…
Foreign investor sentiment hit (AI image) Foreign investment managers display heightened scepticism towards Indian equities, reaching a two-year peak, as the rupee weakens against US tariffs, elevated share valuations and declining corporate profits diminish the appeal of Dalal Street globally.The negative sentiment towards India has led to accelerated foreign withdrawals recently, with their bearish positions…
Elon Musk-owned vehicle manufacturer Tesla inaugurated its second showroom in India at Delhi’s Aerocity, expanding its presence in the country.The American automaker giant is further set to expand its supercharging network across key Indian metropolitan regions ahead of its September delivery commencement, according to a senior company representative on Monday, quoted by ET.At the inauguration…
The Income-Tax Bill, 2025 was designed to update and simplify India’s taxation system. New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has introduced modified New Income Tax Bill 2025 in Parliament on Monday. The government had officially withdrawn the Income-Tax Bill, 2025 on Friday, which had been presented in the Lok Sabha on February…
Capital expenditure by major central public sector enterprises (CPSEs) and four key government bodies declined 23% year-on-year in July to Rs 53,406 crore, partially attributed to a high base effect, according to a senior official, quoted by Economic times.Experts believe public capital expenditure, including CPSE investments, remains vital for the nation’s economic growth this financial…
NSDL shares have been a big money-maker for the investors with the prices surging by nearly 80% from its IPO price. In a significant post-market debut, surged over 9.6% on Monday alone, touching a peak of Rs 1,425.The stock has experienced a significant increase, rising 78% above its initial IPO price of Rs 800 and…
Xinjiang-Tibet railway project: The new railway line has been under consideration for approximately twenty years. (AI image) China is starting the construction phase of the Xinjiang-Tibet railway project – adjacent to India’s northern Ladakh borders. India’s neighbor has established the Xinjiang Tibet Railway Co. Ltd in the past week, following years of preliminary studies on…
