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Aastha Spintex to raise Rs.170 crore via IPO

New Delhi, June 25 -- Aastha Spintex, a leading manufacturer of cotton yarn and cotton bales, plans to raise Rs.170 crore through an initial public offering. The price band has been fixed in the rang... Read More


BMS opens Mumbai tech hub to scale AI and data operations

New Delhi, June 24 -- Insurance and re-insurance broker BMS launched a Global Capability Centre (GCC) in Mumbai on Monday, positioning the facility as a core engine for its data, analytics and artific... Read More


Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%

New Delhi, June 24 -- Axis Bank has priced its $300 million Senior Unsecured Notes due 30 June 2031 at a fixed rate of 5.348 per cent. The aforementioned obligation was issued under the Axis Bank Ltd... Read More


Honasa shares slip 3% after it announces acquisition of nutraceuticals maker Fluence Pharma

New Delhi, June 24 -- Shares of Honasa Consumer Ltd fell 3.07 per cent to Rs.407 on Wednesday on the NSE, a day after the Mamaearth parent announced the acquisition of a majority 58 per cent stake in ... Read More


Zydus Wellness sets up EU subsidiary in Ireland to expand vitamins business

New Delhi, June 24 -- Zydus Wellness Ltd has incorporated a wholly-owned subsidiary in Ireland, marking the company's first direct presence in the European Union for its vitamins, minerals and supplem... Read More


Challenging times: Value of top-500 privately held cos fall 11% to $3.4 trillion

New Delhi, June 24 -- The value of top-500 privately held companies in India has fallen 11 per cent last year to $3.4 trillion against $3.8 trillion logged in 2024 on the back of challenging times acr... Read More


RBI finalises Rs.1 lakh cr & above as asset size criteria for classifying a NBFC in Upper Layer

New Delhi, June 24 -- The Reserve Bank of India (RBI) has finalised Rs.1 lakh crore and above as the asset size criteria for classifying a Non-Banking Financial Company (NBFC) in the Upper Layer (UL).... Read More


RBI enhances customer protection for electronic banking transactions

New Delhi, June 24 -- To enhance protection for customers, the Reserve Bank of India has asked banks to put in place a mechanism for compensation of up to Rs.25,000 for small value fraudulent electron... Read More


G-Secs rally on RBI Guv's 'it is premature to talk about a rate hike' comments; Brent crude oil price fall also lends support

New Delhi, June 24 -- Government securities (G-Secs) rallied on Wednesday as RBI Governor Sanjay Malhotra said it is premature to talk about a rate hike and Brent crude oil price fell to below $76 a b... Read More


India pharma sector shifts from generics to high-value innovation and biologics

New Delhi, June 24 -- The pharmaceutical sector is undergoing a strategic shift from volume-driven expansion to high-value global competitiveness, with increasing emphasis on quality, innovation and t... Read More