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    HDFC Bank invests in anchor round of this high-demand SME IPO with over 100% GMP

    HDFC Bank has been allocated approximately 1.58 lakh shares worth Rs 3 crore at Rs 190 each in the anchor round of the Ganesh Green Bharath IPO, which opened for subscription recently. Other notable investors in the anchor round include Copthall Mauritius Investment, India Equity Fund, and Craft Emerging Market Fund.

    Ganesh Green Bharat IPO opens today: Check issue size, price band, GMP and other details

    Ganesh Green Bharat IPO will open for subscription, aiming to raise Rs 125 crore for solar and electrical projects. The company's diversified business model and strong financial performance make it a potential investment opportunity.

    Honeywell Automation India appoints Atul Pai as managing director

    Honeywell Automation India Ltd (HAIL) appointed Atul Pai as its new managing director, effective May 16. Pai, who has over two decades of experience at Honeywell, succeeds Ashish Gaikwad, who will lead industrial automation for Honeywell International in India. HAIL’s Chairman Ganesh Natarajan and Ashish Modi, Honeywell India’s president, expressed confidence in Pai’s leadership and business acumen. Established in 1984, HAIL provides automation and control engineering services and has a significant presence across India.

    Bajaj Finserv Mutual Fund launches Multi Asset Allocation Fund

    The scheme will be benchmarked against 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold. Nimesh Chandan and Sorbh Gupta (equity investments), Nimesh Chandan and Siddharth Chaudhary (debt investments) and Vinay Bafna (commodities investments) will manage this fund.

    Madhya Pradesh: Satna MP on a sticky wicket, BSP plays spoilsport

    Singh is among the BJP MPs who were fielded by the party in the Madhya Pradesh assembly election. He lost by 4,041 votes to Kushwaha but has been given the ticket again for the Lok Sabha polls. Both Singh, a Kurmi leader, and Kushwaha are from the backward castes, which have a sizable presence in the constituency.

    Rane Group top management change: L Ganesh to retire, Harish Lakshman to take over as Chairman

    Rane Group's L Ganesh retires as Chairman, effective March 31, 2024. Harish Lakshman to succeed from April 1, 2024. Ganesh's TQM leadership and awards highlighted in the transition.

    The Economic Times
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