Ashar Group, on 16 March, said it had launched Ashar Urban Futures Lab (UFL), India’s first venture studio for urbantech, proptech, and constructiontech, committing ₹25 crore to support 10–15 startups…
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Sebi sets up working group to review overlap between MF distributors and RIAs
The Securities and Exchange Board of India (Sebi) has set up a working group to review overlaps in regulations governing mutual fund distributors (MFDs) and registered investment advisers (RIAs), as…
PhonePe temporarily defers IPO plans amid geopolitical tensions
Walmart-backed digital payments firm PhonePe has temporarily deferred its plans to go public, citing heightened geopolitical tensions and volatility in global capital markets. “We sincerely hope for a swift return…
CMPDI IPO GMP jumps! Coal India-backed Central Mining sees strong demand in grey market ahead of offer launch
Coal India’s CMPDI IPO GMP has risen by over 11% ahead of the offer launch. Looking at the recent trends, in light of geopolitical tensions and market fluctuations, the grey…
UPL restructuring to unlock shareholder value through pure-play structure: Report
UPL Limited’s proposed restructuring will simplify its corporate structure, create focused pure-play businesses, and may unlock significant shareholder value, according to InGovern Research Services. The restructuring plan, approved by the…
SEBI clears IPO plans of Travelstack, Learnfluence, Tea Post
Three companies — travel technology firm Travelstack Tech, Learnfluence Education, which operates the ‘Lakshya’ coaching centres, and tea cafe chain Tea Post — have received approval from SEBI to raise…
US Fed meeting this week: How Federal Reserve may respond to US-Iran war, rising inflation risks
The US Federal Open Market Committee (FOMC) meeting is scheduled for March 17-18 amid a raging war in West Asia, or the Middle East. Just a month ago, most market…
Vedanta approves raising up to ₹2,575 crore via NCDs
on Monday said its committee of directors has approved raising up to Rs 2,575 crore through issuance of debentures. The fundraising is part of Vedanta’s efforts to diversify funding sources…
India’s wholesale inflation rises to 2.13% in February
NEW DELHI: India’s wholesale price inflation rose to 2.13% in February, driven largely by higher prices of basic metals and other manufactured food and non-food items, as well as textiles,…
Tax harvesting can save money—but it can also derail your portfolio
As the financial year draws to a close, many investors start reviewing their portfolios to see if they can reduce their tax outgo. One strategy that often comes up during…