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  • Thu, December 19, 2024

by: Business Standard

Laxmi India Finance files draft papers with Sebi to raise funds via IPO

NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).
  • Wed, December 18, 2024

by: Business Standard

Unlock Global Careers with BCom Honours in Business Analytics and FinTech at JAIN (Deemed-to-be University)

In today's data-driven and technology-centric world, the demand for professionals skilled in business analytics and financial technologies has never been higher. JAIN (Deemed-to-be University), School of Commerce,

by: Business Standard

JAIN (Deemed-to-be-University): Your Pathway to a Global Career in International Finance and Accounting with ACCA

A Globally Integrated Program with ACCA Accreditation The BCom Hons International Accounting and Finance program offered by JAIN (Deemed-to-be University) seamlessly integrates core business principles with the globally recognized Association of Chartered ...

by: Business Standard

Shape a Global Career in Finance and Accounting with BCom Programs at JAIN University- Bangalore

The finance and accounting industry continues to evolve rapidly, creating a growing demand for highly skilled professionals. JAIN (Deemed-to-be University), School of Commerce, Bangalore, offers cutting-edge Bachelor of Commerce (Honours / Honours with Research) programs with global qualifications,

by: Business Standard

Shriram Finance raises $1.27 billion in multi-currency syndicated loan

Additionally, the company noted that the multi-currency facility highlights the growing global demand for high-quality Indian clients and marks a significant expansion in Shriram Finance's lender base

by: Business Standard

High interest rates deterrent for MSME exporters; working with FinMin: DGFT

The country's high interest rates are a big deterrent for exporters community and the commerce ministry is working with its finance counterpart to help them at this front, a senior government official said on Wednesday.

by: Business Standard

Global Subject Experts Deliberate on 'Information and Competition in the Digital Economy' at the ISB-NBER 2024 Conference

The third annual ISB-NBER conference on Economic Policy and the Indian Economy was recently hosted at the Hyderabad campus of the Indian School of Business (ISB). National and international subject experts and thought leaders converged at ISB to discuss and deliberate on the opportune theme 'Information and Competition in the Digital Economy.
  • Tue, December 17, 2024

by: Business Standard

NBFC player Aye Finance files draft papers with Sebi for Rs 1,450 cr IPO

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO).

by: Business Standard

Adani deal under bribery scrutiny was approved against officials' advice

Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had no short-term need for solar power
  • Mon, December 16, 2024

by: Business Standard

How AU Small Finance Bank is luring India's affluent with premium banking

AU Eternity offers a unique blend of luxurious banking services and personalized privileges, powered by a strategic partnership with Mastercard.

by: Business Standard

Shape Your Future with a Bachelor of Business Administration at JAIN (Deemed-to-be University), CMS

The Bachelor of Business Administration (BBA) program at JAIN (Deemed-to-be University), Center for Management Studies (CMS), is an unparalleled opportunity to embark on a journey of academic excellence and professional growth.

by: Business Standard

Boost Your Finance Career with BBA in Finance & Accounting Integrated with ACCA-UK at JAIN CMS

In today's competitive global market, a robust understanding of finance and accounting is no longer optional--it's a necessity. Businesses depend on skilled financial professionals to manage their revenue,

by: Business Standard

Irdai's move to limit banca biz may stifle insurance sector growth: Emkay

Last week, reports suggested that Irdai is likely to bring in regulations to limit the overdependence of life insurance companies on their parent banks for business sources through bank channels

by: Business Standard

Men's grooming market set to blow up, grow exponentially: Nikhil Kamath

Men's grooming industry is "growing exponentially" with 76 brands in the market, compared to 18 more than a decade ago, Nikhil Kamath, co-founder of fintech Zerodha and investment firm True Beacon, has said.

by: Business Standard

New Zealand eyes overhaul of 'Golden Visa' scheme to woo wealthy immigrants

New Zealand is reviewing the visa's investment requirements, with announcements by immigration minister Erica Stanford expected soon

by: Business Standard

Secured vs. Unsecured Personal Loans: A Comprehensive Guide to Finding the Right Fit

Navigating the world of personal loans can be challenging, especially when deciding between secured and unsecured options. Understanding the differences between these two types of loans is crucial to making informed financial decisions.

by: Business Standard

Sebi's new proposal: DigiLocker to become key in asset transfer after death

In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India (RGI), or information from the KRA system.

by: Business Standard

Explained: Youtube influencer fined Rs 9.5 cr for illegal investment advice

The company marketed high returns based on the credentials of Ravindra Balu Bharti, a financial influencer running two YouTube channels with 10.8 lakh and 8.33 lakh subscribers, respectively.

by: Business Standard

Canada's IRCC to Indian students: Resubmit visas, study permits, other docs

The requests have caused alarm among international students, many of whom hold valid visas with up to two years of remaining validity

by: Business Standard

HNIs, NRIs to rule India's luxury housing mkt: 2025 realty trends decoded

Infrastructure development will further fast-track real estate growth in Tier-II & III cities including temple towns such as Amritsar, Ayodhya, Dwarka, Puri, Shirdi, Tirupati, Varanasi, etc.

by: Business Standard

What factors determine fair alimony? Latest SC ruling on divorce explained

The Supreme Court's recent ruling in the Rajnesh vs Neha case outlines eight key factors that determine alimony, focusing on financial capacity, standard of living, and the welfare of children.

by: Business Standard

Declaring foreign assets in tax returns form: What Indians must know

It is mandatory for Indian residents to disclose their foreign assets and income in their Income Tax Return (ITR). Specifically, Schedule FA (Foreign Assets) in the ITR form is meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is for reporting income from foreign sources.
  • Sun, December 15, 2024

by: Business Standard

2024, a rear view: Continuity with change, and change with continuity

Mint Road saw a new incumbent at the helm, followed through on its regulatory and governance initiatives even as the wait continues on a few fronts

by: Business Standard

IIHL's takeover of Reliance Capital set to complete by January end

With the acquisition of Reliance Capital and its subsidiaries, IIHL—which holds a stake in IndusInd Bank and is also in the process of acquiring Invesco Asset Management and Invesco Trustee—is targeting a valuation of $50 billion by 2030.

by: Business Standard

Wayanad landslide: Union govt 'adding chilli' to wounds, says Kerala FM

Kerala Finance Minister K N Balagopal on Sunday criticised the union government for demanding payment for disaster relief and rescue operations conducted by the Indian Air Force (IAF) during Wayanad landslides.
  • Sat, December 14, 2024

by: Business Standard

Assam CM lays foundation for 220 crore Jorhat town water supply scheme

Assam Chief Minister Himanta Biswa Sarma laid the foundation stone for the Jorhat town water supply scheme and also launched a series of transformative initiatives, aimed at fostering growth and progress in Jorhat district.
  • Fri, December 13, 2024

by: Business Standard

Govt consistently increased capex for infra development: MoS Finance

The Modi government has consistently increased its expenditure towards infrastructure building over the last 5 years and aims to achieve the Rs 11.11 lakh crore capex target set for the current fiscal,

by: Business Standard

No problem with Adani funding Colombo Port project: Sri Lankan minister

The Sri Lankan government wants to see the deep-water container terminal project at the Colombo port go ahead and has no issue with the Adani-led conglomerate using its own resources to fund it, ports minister Bimal Rathnayaka has said.

by: Business Standard

Life insurers adjust term premiums ahead of business end of financial year

While some companies are increasing rates, others are slashing them, and still others have made no change; GST changes on premium taxation may change outlook
  • Thu, December 12, 2024

by: Business Standard

HSBC, IFC launch $1 bn trade finance programme for emerging markets

Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5 trillion, according to a report from the Asian Development Bank

by: Business Standard

Harish Shekar to take over as CFO of Siemens Energy Business from Jan 1

Siemens Ltd on Thursday announced the appointment of Harish Shekar as Chief Financial Officer of the company's energy business with effect from January 1, 2025.

by: Business Standard

Bajaj Housing Finance shares decline 6% as 3-month anchor lock-in ends

An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)

by: Business Standard

Inventurus Knowledge Solutions IPO opens today: GMP up 32%; Should you bid?

IPO, comprising an entirely offer for sale (OFS) of 18,795,510 equity shares, is available at a price band of Rs 1,265-Rs 1,329 per share
  • Wed, December 11, 2024

by: Business Standard

HSBC, WB's IFC launch $1 bn trade finance programme for emerging markets

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade.

by: Business Standard

BMW and UNICEF join hands to empower children in rural India with STEM skills, focusing on gender equality and inclusive education

The BMW Group and UNICEF today announced their partnership in India, aiming to transform the educational landscape for 100,000 children in four states with a focus on foundational learning and STEM (science,
  • Tue, December 10, 2024

by: Business Standard

Mintifi raises $180 mn in Series E from TVG, Prosus, and Premji Invest

The company works with over 300 brands in India, including Asian Paints, Varun Beverages, Parle Products, Honda, and Shree Cement, among others

by: Business Standard

LIC Bima Sakhi: 10th pass women can work and earn up to Rs 11,000 per month

"LIC Bima Sakhi Yojana is not only going to create new livelihood opportunities for rural women but will also increase the reach of insurance in the deprived areas of India," said Pankaj Dhingra, CA & US CPA, Managing Partner at FinTram Global LLP.

by: Business Standard

Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why

Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50
  • Mon, December 9, 2024

by: Business Standard

Cracking the whip: Why Sebi is tightening rules for public issues of SMEs

SME IPO is a red-hot market segment. Many of these floats routinely see 100-time subscription and massive gains upon listing

by: Business Standard

Revenue Secretary Sanjay Malhotra succeeds Shaktikanta Das as RBI governor

Malhotra takes over the reins of the RBI at a time when growth in the domestic economy has fallen to a seven-quarter low

by: Business Standard

Shaktikanta Das: The man behind GST, note ban, Covid monetary response

Shaktikanta Das, who will demit office as the Governor of the Reserve Bank of India on Tuesday, was the key man behind the planning and execution of the demonetisation drive and rollout of the landmark Goods and Services Tax (GST).
  • Sun, December 8, 2024

by: Business Standard

Potato supply ban sparks political tensions, price hikes in states

Amid political blame game over Bengal's ban on tuber exports, which led to shortages in Jharkhand and Odisha, Uttar Pradesh farmers are the unlikely winners

by: Business Standard

Centre may halt Sovereign Gold Bonds issuance from FY26 to reduce govt debt

government's fiscal burden. Now that the government has decided to sustainably bring down the debt-to-GDP ratio from FY27, there is no reason why such a scheme should be continued. It has also outlived its initial purpose of reducing physical gold imports," a senior government official said,

by: Business Standard

Limited appetite raises questions on insurance FDI growth projections

The pace of FDI utilisation has been slow. Among private-sector non-life insurers, no company has reached the current 74 per cent threshold

by: Business Standard

EESL, Andhra Pradesh launch 3 programmes to boost energy efficiency

The Government of Andhra Pradesh in collaboration with state-owned Energy Efficiency Services Ltd (EESL) has launched three transformative programmes to drive energy efficiency, environmental sustainability,
  • Sat, December 7, 2024

by: Business Standard

RBI Guv Das meets FM Sitharaman two days before end of his extended term

A day after presenting bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das on Saturday met Finance Minister Nirmala Sitharaman.

by: Business Standard

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday.
  • Fri, December 6, 2024

by: Business Standard

Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating

SMFG India Credit (SMICC), a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been awarded an international credit rating of "AA-" with a stable outlook by the Japan Credit Rating Agency (JCR).

Laxmi India Finance files draft papers with Sebi to raise funds via IPO

NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).
Laxmi India Finance has submitted draft papers to the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to ₹6,000 million and an offer for sale (OFS) of up to 1.9 million equity shares by the promoter, Laxmi India Finance Holding Pvt Ltd. The company plans to use the net proceeds to augment its capital base, meet future capital requirements, and for general corporate purposes. The shares will be listed on both the BSE and NSE. The IPO is being managed by Pantomath Capital Advisors Pvt Ltd as the book-running lead manager, with Link Intime India Pvt Ltd as the registrar.

Read the Full Business Standard Article at:
https://www.business-standard.com/markets/ipo/laxmi-india-finance-files-draft-papers-with-sebi-to-raise-funds-via-ipo-124121900717_1.html