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Milky Mist Dairy Food plans its initial public offering for early August. This upcoming IPO is anticipated to be the largest by an Indian dairy company. The company secured ₹482 crore in pre-IPO funding from Jongsong Investments. This investment valued Milky Mist at approximately ₹9,300 crore based on share price. The market debut follows a…
Indian equity markets experienced robust trading in June, reaching a 23-month high in cash market turnover. Proprietary traders’ share of cash market turnover decreased, indicating broader investor participation. Foreign investors significantly increased their presence in equity futures, reaching a record high. Domestic institutional investors also boosted their share in equity futures during this period. Individual…
Mumbai banking system liquidity has fallen to its lowest point since late June. This deficit is attributed to increased credit growth and central bank foreign exchange market actions. System liquidity experienced a deficit of ₹2,884 crore on Wednesday. The Reserve Bank of India’s intervention is expected to worsen this liquidity gap. Economists anticipate further deficits…
IT major Wipro earlier this month announced an interim dividend of Rs 2 per equity share along with its Q1 results, with the record date being fixed on July 27. The company said its board of directors considered and approved a dividend of Rs 2 per equity share (face value Rs 2 each) during its…
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Sebi proposes shifting online dispute resolution administration to market infrastructure institutions. This move aims to significantly speed up investor grievance redressal processes. Market infrastructure institutions will now handle conciliator and arbitrator appointments and oversight. Investors will have a voice in arbitrator selection, while conciliators are appointed directly. This framework change is estimated to shorten the…
Asian stocks declined following a Wall Street tech selloff and investor doubts about artificial intelligence returns. Oil prices held their gains after closing over one hundred dollars, reaching a May high. Treasuries fell and the dollar strengthened as inflation and interest rate hike concerns grew. US President Donald Trump’s threats intensified conflict worries after Houthi…
Milky Mist Dairy Food plans its initial public offering for early August. This upcoming IPO is anticipated to be the largest by an Indian dairy company. The company secured ₹482 crore in pre-IPO funding from Jongsong Investments. This investment valued Milky Mist at approximately ₹9,300 crore based on share price. The market debut follows a…
Ujjivan Small Finance Bank has achieved a significant milestone by increasing its secured loan portfolio. This strategic shift now represents over fifty percent of the bank’s total loan book. The bank’s gross loan book expanded by twenty-nine percent year-on-year. Ujjivan reported a three-fold jump in its first quarter net profit. Provisions were forty-three percent lower,…
The insurance regulator has flagged aggressive underpricing in fire insurance, with discounts of up to 99% on large industrial risks, warning it could hurt insurers’ financial health and underwriting discipline. Fire insurance premiums fell sharply in Q1 FY27 to ₹8,087 crore from ₹11,206 crore a year ago, after strong growth in FY26.