Nine NBFCs surrender certificate of registration: RBI
RBI announces nine NBFCs, including PhonePe and Aditya Birla Finance, surrendered registration; details on cancellations and restorations.
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ASM Technologies to invest ₹250 crore in Tamil Nadu to expand ESDM design-led manufacturing
Under the agreement, ASM Technologies will acquire 5 acres of land from the Tamil Nadu government to set up a state-of-the-art design facility. Shares of ASM Technologies Ltd ended at ₹4,375.00, up by ₹193.80, or 4.64%, on the BSE.
BharatPe prepares for IPO, eyes public funding for next growth phase
BharatPe is preparing for an IPO, aiming to raise ₹800–1,200 crore in a pre-IPO round. The fintech, which turned profitable in FY25 after just seven years, is valued at 11.5–12x revenue—close to rival Paytm’s multiple. With RBI approval as a…
NPPA order mandates revision of MRPs after GST cuts; re-labeling voluntary, not mandatory
The NPPA has directed drug manufacturers to revise MRPs in line with GST rate cuts, ensuring the benefit reaches consumers. While re-labelling or recalling old stock is not mandatory, companies must issue revised price lists to maintain compliance and transparency.
Aditya Birla Capital allots ₹3,400-crore NCDs on private placement
The issuance comprises two tranches. Tranche 1 involves the allotment of 1,70,000 debentures at ₹50,000 per debenture, aggregating ₹1,700 crore, while the second tranche will also raise ₹1,700 crore at the same allotment price. Shares of Aditya Birla Capital Ltd…
NSE IPO: SEBI Chief Tuhin Kanta Pandey says listing approval expected ‘soon’
SEBI Chairman Tuhin Kanta Pandey said several pending issues around NSE have been resolved since the appointment of the new chairman, clearing the way for the exchange’s long-awaited listing.
Apollo Hospitals to acquire IFC’s 31% stake in Apollo Health for ₹1,254 crore
Apollo Health and Lifestyle, engaged in providing primary care, diagnostics, birthing and women’s health, ambulatory care, dialysis, and dental services, recorded a consolidated turnover of ₹1,553.5 crore in FY25.Shares of Apollo Hospitals Enterprise Ltd ended at ₹7,873.25, down by ₹5.75…
SEBI mandates 2 executive directors on boards of Market Infrastructure Institutions
SEBI mandates two executive directors on Market Infrastructure Institution boards, clarifying roles and prioritising compliance, risk management, and investor grievance handling.
Agri sector flags GST transition concerns; fertiliser & tractor industries seek relief on stuck credits, inversion
Agriculture and tractor industry leaders met CBIC officials to flag concerns over the GST rate cuts on fertilisers and inputs, warning that blocked credits and tax inversion could dilute the intended benefits. Nearly ₹1,200 crore worth of accumulated credits remain…
DCX Systems signs MoU with Tamil Nadu govt for Hosur radar manufacturing unit
The manufacturing unit will be located in Hosur, part of India’s Defence Industrial Corridor, and will benefit from the Tamil Nadu Industrial Policy 2021 and Aerospace and Defence Industrial Policy 2022. Shares of DCX Systems Ltd ended at ₹275, up…