In line with the Supreme Court ruling on the subject, SEBI has ordered de-freezing of the investment accounts of Rana Kapoor, former MD and CEO of Yes Bank. In Mar-20, when RBI had superseded the management of Yes Bank, the ED had initiated money lau

In a significant move for Indian aviation, the Directorate General of Civil Aviation (DGCA) has lifted the ban on Boeing 737 Max aircraft. These aircraft can start flying again right away. The DGCA had imposed a ban on flying these aircraft in March

Vijaya Diagnostics is a fairly well known diagnostic brand in the Southern part of India. Vijaya is the largest diagnostic chain in South India and also the fastest growing chain. It offers end-to-end solutions for pathology and radiology testing. Un

Retailers across QSR, grocery, jewellery and apparel highlight strong performance YoY on a low base, despite Covid 2.0, though a sequential sales decline occurred. This decline has been varied across sectors, with QSR displaying higher resilience com

Vijaya Diagnostic Centre will open its initial public offer (IPO) on 01st September and the IPO will close on 03rd September. The entire issue of Rs.1,895 crore will be an offer for sale (OFS), in which the promoter and early investors will take the

One of India’s fastest growing digital logistics and supply chain facilitators, Delhivery, is planning to file its draft red herring prospectus (DRHP) for an IPO by October 2021. While the IPO time table is yet to be confirmed, the company plans to

It looks like the SBI MF Balanced Advantage Fund NFO may go down as the largest garnering of funds among MFs. Just a month back, ICICI Prudential Flexi Cap NFO had garnered Rs.9,800 crore and that was a record then. Now it looks like SBI MF has beate

As per bulk deals data published on NSE, Ace investors Rakesh Jhunjhunwala and Rekha Jhunjhunwala have increased their stake in Jubilant Pharmova, a radio pharmaceuticals manufacturer by 0.3. The data shows Rekha Rakesh Jhunjhunwala acquire

Last week, we had reported about the Rs.2,500 crore qualified institutional placement (QIP) of equity shares by Canara Bank. This week it emerges that nearly Rs.431 crore in the QIP was invested by Rakesh Jhunjhunwala. In short, Jhunjhunwala has abso

Bajaj Finserv, the holding company of the consumer finance and insurance business of Bajaj group, got SEBI approval to sponsor a mutual fund AMC. The next steps for Bajaj Finserv would be to put in place a full-fledged asset management company as wel

Foreign direct investment or FDI in the proposed LIC IPO may be permitted as a special case. To begin with, Indian government permits FDI in insurance up to 74 under the automatic route. Only if the FDI is above 74, the matter is referred to the Ca

Ace stock market investor Rakesh Jhunjhunwala has bought 1.59 stake in Canara Bank as per data from BSE. As per data filed on the stock exchange portal, Jhunjhunwala, widely known as ‘Big Bull’ has bought 2,88,50,000 shares of the publi