Hyundai Motor India's IPO excitement is fading, with gray market premiums falling to 60 rupees. This reflects challenges in a competitive market amid declining demand. The $3.3 billion IPO is set to boost fundraising in India, starting trading on Oct. 22.(Reuters)
Posted in Business

Are investors being cautious about Hyundai Motor India IPO? ‘Euphoria is over’

India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s…

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Posted in Business

Hyundai IPO: How are investors responding to India’s biggest-ever issue?

Hyundai Motor India’s ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer’s 10% got subscribed-…

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Soyabean production in country reaches 126 lakh tonnes: Trade body
Posted in Economy

Soyabean production in country reaches 126 lakh tonnes: Trade body

Soybean production in the country has increased by about 6 per cent to nearly 126 lakh tonnes in the current kharif season due to favourable…

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An IndiGo aircraft and an Air India aircraft on the tarmac at Indira Gandhi International Airport in New Delhi.(Bloomberg)
Posted in Business

India-Canada diplomatic ties at new low, but air connectivity soars to new high

The last 24 hours have been turbulent for India-Canada diplomatic ties. What started as an escalation following the ASEAN summit in LAO DPR last week…

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A variety of paddy has found centre-stage in Delhi NCR's pollution debate
Posted in Economy

A variety of paddy has found centre-stage in Delhi NCR’s pollution debate

The short-duration paddy variety PR-126, developed by Punjab Agricultural University, is at the center of a debate in Punjab. The AAP-led state government supports this…

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To combat talent poaching by competitors, Blinkit has revised its employment contracts, increasing notice periods to two months. The decision reflects the competitive landscape, as companies like Zepto and Swiggy aggressively recruit employees from e-commerce giants.(Reuters)
Posted in Business

At Blinkit, there is no ‘zero notice period’ policy anymore. Goal: Retain talent

Oct 15, 2024 12:18 PM IST Blinkit increased notice period to two months to retain talent amid competition from firms like Zepto and Swiggy. This…

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Mukesh Ambani's Reliance Industries posted a 4.8% decline in net income, totaling 165.6 billion rupees, below analyst expectations for the sixth quarter in a row. Revenue reached 2.35 trillion rupees, reflecting challenges in the oil-to-chemicals sector.(PTI)
Posted in Business

Reliance misses profit estimate on poor show by energy units

Oct 15, 2024 12:07 PM IST Reliance Industries Ltd. reported a 4.8% drop in net income to 165.6 billion rupees, missing analysts’ estimates for the…

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Posted in Economy

India’s rate-cut calls at risk after inflation picks up sharply

Economists are reviewing their forecasts for interest rate cuts in India after inflation accelerated faster than expected last month, fueled by surging food prices. Several…

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India rate cuts seen delayed to 2025 after Sept inflation spike, say economists
Posted in Economy

India rate cuts seen delayed to 2025 after Sept inflation spike, say economists

A sharp jump in India’s retail inflation for September has prompted several economists to push back domestic rate cut bets to the first-half of 2025…

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Posted in Economy

nclt: Behind India’s slow-moving IBC regime, an NCLT hamstrung by too many vacancies

NEW DELHI: The National Company Law Tribunal (NCLT) faces significant operational challenges due to vacant positions, a ToI report highlighted on October 15. Out of…

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