Last week, the board of directors of Equitas Holdings Ltd and Equitas Small Finance Bank (SFB) had approved the merger of the two companies. It was to be a unique merger since the holding company would merge into its subsidiary and then the holding c

Do you know what exactly is the current account deficit. It is a combination of the trade deficit and the services surplus plus the impact of inward remittances and outward interest payments. It is an important metrics as a spike in the current ac

Core sector growth for Feb-22 came in sharply higher at 5.8, but that needs to be taken with a pinch of sale. That is because the corresponding YoY core sector growth was -3.3 in Feb-21 which magnified the impact of core sector growth in the curren

As another fiscal year (FY22) comes to an end, it is time to look back at the top gainers and the losers for the fiscal year. We go by the 365 day returns calculated by the NSE. Top gainers in Nifty The Nifty overall gained 18.88 on a YoY&nb

Kids Clinic Ltd, the operator of the Cloudnine brand in India, had filed its draft red herring prospectus (DRHP) in mid-February 2022. As of date, the SEBI approval, which comes in the form of observations, is yet to come in. The company can decide o

Uma Convertor Ltd, a flexible packaging material company, filed its draft red herring prospectus (DRHP) in June 2021. As of date, the SEBI approval, which comes in the form of observations, is yet to come in. The company can decide on the timing a

The Rs.60 crore IPO of Uma Exports Ltd, consisting entirely of a fresh offer of shares, was subscribed 7.67X overall at the close of bidding on 30th March 2022. The basis of allotment will be finalized on 04th April 2022. If you have applied for the

The Rs.200 crore IPO of Veranda Learning Solutions, consisting entirely of a fresh offer of shares, was subscribed 3.53X overall at the close of bidding on 31st March 2022. The basis of allotment will be finalized on 05th April 2022. If you have appl

The Rs.130.05 crore IPO of Hariom Pipe Industries, consisting entirely of a fresh issue of shares worth of Rs.130.05 crore, saw tepid response on Day-1 of the IPO. As per the combined bid details put out by the BSE at the end of Day-2, Hariom Pipe In

The Rs.200 crore IPO of Veranda Learning Solutions, consisting entirely of a fresh issue of shares worth of Rs.200 crore, saw strong retail response on Day-1 and Day-2 of the IPO. As per the combined bid details put out by the BSE at the end of Day-3

The raging Russia-Ukraine crisis can build an unexpected opportunity for Indian chemical companies. This is because the rising energy cost is weighing on the performance of the European chemical industry. Even before the Russia-Ukraine war, the Europ

According to the company, initially, the plantation business of Tata Coffee Ltd (TCL) will be demerged into Tata Consumer Products Ltd's wholly-owned arm Tata Consumer Products Ltd Beverages & Foods Ltd (TBFL), and then the remaining business of