NSE IPO subscribed 43% on day 1

The part reserved for employees was almost fully subscribed MUMBAI: The Rs 22,562 crore IPO for NSE, the largest stock exchange in India in terms of turnover and profits, received bids for nearly 3.8 crore shares against about 8.9 crore shares on offer in the post-anchor bidding process. This translates to an overall subscription of…

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Tata group shares rally on hopes of listing

Minority shareholders in the company’s various businesses will be watching as an IPO could affect Tata’s ability to shift capital between its cash-rich established businesses and newer, less profitable ventures. MUMBAI: With the possibility of Tata Sons’ listing gaining traction, stocks of several Tata companies that hold shares of the group’s holding company rallied on…

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Tata group dispute: Panel sought 5-year term for Chandrasekaran early September

The timeline outlined by Tata Sons shows that the move to retain Chandrasekaran predated RBI’s Sept 11 directive MUMBAI: About three weeks after N Chandrasekaran announced that he would not seek reappointment, Tata Sons‘ nomination and remuneration committee (NRC) unanimously urged him to reconsider and recommended a fresh five-year term for him.The timeline outlined by…

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UPI fee: Government, payment gateways discuss ways to stop merchants passing burden to consumers

The Centre asserted that it does not expect a decline in UPI transactions or increased use of cash NEW DELHI: Govt is in talks with payment aggregators and platforms, which onboard merchants, to ensure that the merchant discount rate (MDR) on transactions is not passed onto consumers, finance ministry officials told reporters Thursday.The Centre asserted…

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Judge Amogh Kaloti: The man who holds key to Tata dispute

Judge Amogh Shyamkant Kaloti has also worked as Joint Secretary, Secretary and SLA in Law and Judiciary Department, Government of Maharashtra MUMBAI: Till recently, Amogh Kaloti, who works under the law and judiciary department headed by chief minister Devendra Fadnavis, was barely known outside Maharashtra’s legal circles. A low-profile district judge who was appointed Maharashtra’s…

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NSE IPO opens for subscription: From GMP, market cap to status & global comparison – top 10 things to know

The public offering is a major step for NSE after its plans to list on the stock exchanges remained stuck. (Image for representative purpose only) NSE IPO: The Initial Public Offering (IPO) of National Stock Exchange of India (NSE), the country’s largest stock exchange by total turnover across the cash market and equity derivatives segments,…

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Tata Group: Tata Sons Board approves re-appointment of N Chandrasekaran as chairman of Tata Group for another 5-year term

File photo: N Chandrasekaran The Tata Sons board has approved a fresh five-year term for N Chandrasekaran as executive chairman of the Tata Group, reversing his decision last month not to seek reappointment, according to sources cited by Reuters and news agency ANI.The reappointment was approved at a Tata Sons board meeting held in Mumbai…

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NSE IPO: SEBI chief says no proposal from National Stock Exchange seeking approval for trading on its own platform

The three-day issue will remain open until September 21. (Image for representative purpose only) NSE IPO: SEBI Chairman Tuhin Kanta Pandey said on Thursday that the regulator has not received any proposal from the National Stock Exchange (NSE) seeking permission to trade on its own platform after its listing.“No, there is no such letter, and…

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