Emcure Pharma IPO: The initial public offering of Emcure Pharmaceuticals Ltd closes on Friday, July 5. Till 4:30 pm on the final day of bidding on Friday, the Rs 1,952-crore IPO received a strong 67.79 times subscription garnering bids for 92,89,47,978 shares as against 1,37,03,538 shares on offer. The quota for non-institutional investors received 49.25…
Last Updated: June 27, 2024, 12:45 IST Infosys (Representative image) India’s No.2 IT services exporter Infosys’ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday. India’s No.2 IT services exporter Infosys’ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s…
The recently concluded MSME Day has once again brought to the forefront the critical role that Micro, Small, and Medium Enterprises (MSMEs) play in the economy. In India, MSMEs contribute significantly to GDP, employment, and innovation. To accelerate their growth and ensure their sustained success, financial services firms are pivotal. On the role of non-banking…
As employees have now received Form 16, they can now file income tax returns (ITR) for the assessment year 2024-24 (or financial year 2023-24). However, if you are filing your ITR, there are some common mistakes that you need to avoid for successful submission of the income tax return. Filing your ITR accurately and on…
Last Updated: July 03, 2024, 12:19 IST The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in June, pointing to a sharp expansion in output. (Representative image) In the Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. India’s…
Written by Mudhit Gupta: Buying an under-construction property can be both exciting and daunting. The allure of a brand-new home tailored to your preferences is strong, but the risk of potential fraud, including delayed project deliveries and outright scams, can be a significant deterrent. In today’s fast-paced world, where real estate prices are soaring and…
Check out the companies making headlines before the bell. Nvidia — Shares dipped 2%, adding to losses from Thursday, when Nvidia closed down 3.5%. The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable public company. Sarepta Therapeutics — The biopharma stock soared 37% after the U.S. Food and…
The Union Budget is likely to decriminalise provisions in as many as five Acts administered by the Reserve Bank of India (RBI). It is for the first time that Acts under the central bank are being discussed for decriminalisation, a government official told Moneycontrol on July 4. “The inter-ministerial committee has reviewed the Acts. Nineteen…
Filing income tax returns (ITR) is an annual obligation for many Indian taxpayers. Understanding whether you need to file an ITR for the assessment year (AY) 2024-25 (or financial year 2023-24) can help ensure compliance with the income tax rules. Here’s a comprehensive guide to determine if you are required to file an ITR this…
Sebi, prima facie, found that JMFL, as a lead manager, had allegedly irregular practices involving retail investors and associated companies within the JM Group. Markets regulator Sebi, in a confirmatory order, clarifies that the restriction only applies to public issues of debt securities and does not affect JM Financial Ltd’s other activities, including equity issues….
