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Stanley Lifestyles high on luxury quotient, raises Rs 161 cr from anchors

Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.

Sebi orders Religare to seek regulatory approvals for Burman family open offer

The capital markets regulator's directive has come as a setback to the New Delhi-based financial services firm's management led by chairperson Rashmi Saluja, who has been opposed to the Burmans' bid to raise their stake in the company. Entities owned by the Burman family are the biggest shareholders of Religare.

Rashmi Saluja & Religare board have been trampling securities law in India: Shriram Subramanian

Rashmi Saluja and the other directors have been saying that the Burmans are not fit and proper, but they have not furnished any documentary evidence and this is made out even in the SEBI order. All these are frustrating, not just for the company, the interest of the shareholders and also frustrating securities law and the regulator itself, says Shriram Subramanian.

Sebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman Group

The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% in September last year, triggering the so-called open offer requirement that allows them to buy more shares from public shareholders.

Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billion

Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise around $3 billion (Rs 25,000 crore).

NBFC Akme Fintrade's IPO to open on June 19, announces price band

Udaipur-based non-bank financial company Akme Fintrade (India)'s IPO will open for subscription on June 19 and close on June 21. The issue is completely a fresh equity sale of Rs 1.10 crore shares of face value Rs 10 each.

Stanley Lifestyles IPO opens on June 21, check price band, GMP and other details

Stanley Lifestyles announces IPO opening on June 21 with a price band of Rs 351-369 per share. It aims to raise Rs 537 crore and be listed on NSE and BSE platforms.

All gates of Puri Jagannath Temple opened for devotees; Odisha CM Mohan Charan Majhi offers prayers

DEE Development IPO Opens June 19

DEE Development Engineers, headquartered in Haryana, unveils its 418 crore IPO with a price band of 193-203 per share, opening for subscription on June 19 till June 21. The offering comprises a fresh issue of 325 crore and an offer for sale of 93.01 crore by existing shareholders, allowing investors to subscribe for a minimum of 73 equity shares.

Ixigo IPO opens for subscription. Should you bid?

Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.

Kotak Special Opportunities Fund, 2 other mutual fund NFOs are open for subscription

Three mutual fund NFOs are open for subscription this week. These thematic funds offer opportunities for long-term capital appreciation through unique investment themes.

US Fed's 'dot plot' could offer glimpse of rate-cut resolve

Since raising their benchmark federal funds rate more than five percentage points starting in March 2022, the Federal Open Market Committee (FOMC) has held borrowing costs at a two-decade high since July. A host of Fed leaders have suggested in recent weeks they see no rush to cut rates, with inflation more persistent and the outlook for growth staying solid.

Saudi Aramco shares trade higher after share offering

Saudi Aramco's shares were higher on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.

Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?

Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.

Ixigo IPO opens on Monday. 10 things to know before subscribing to the issue

Ixigo helps Indian travellers to plan, book and manage their trips be it rail, air, buses and hotels. The IPO comprises fresh equity sale of Rs 120 crore and offer for sale of up to 6.66 crore shares. Its price band has been fixed at Rs 88-93 per share.

Sebi asks Religare to file Burmans’ open offer plan

Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.

Kronox Lab Sciences IPO opens for subscription. Should you bid?

Kronox Lab Sciences IPO, consisting solely of an offer for sale, presents potential for sustainable growth, with analysts recommending subscription. The issue, open until June 5, allocates 50% to QIBs, 15% to NIIs, and 35% to retail investors.

Kronox Lab Sciences IPO opens on Monday. 10 things to know before subscribing to the issue

Kronox Lab Sciences plans to raise around Rs 130 crore from the issue. The IPO is completely an offer for sale of up to 97.5 lakh shares with no fresh issue component. The current GMP of the company is Rs 80 in the unlisted market.

Religare Board Seat Offered to Ex-Dabur Chairman Many Times, says chairperson Rashmi Saluja

Rashmi Saluja, a doctor by training, who joined Religare as an independent director in 2018 and became its chairperson next year, said that "Anand Burman along with Arjun Lamba met me but never discussed the open offer (proposal for the financial services company's shareholders). If they had any intention of informing me then they should have done it with a proper protocol by writing to the board."

The new ChatGPT offers a lesson in AI hype

OpenAI highlighted ChatGPT-4o's improved reasoning abilities but tests showed mixed results. The bot struggled with logic puzzles like the Where's Waldo? puzzle and made errors in reasoning.

Nothing personal against Burmans; working in best interest of Religare: REL Chairperson Rashmi Saluja

Religare Enterprises Ltd (REL) Chairperson Rashmi Saluja has denied any personal resentment towards Burmans, who are in a dispute with management over control of the financial services firm. Burmans, who own around 25% of REL through four entities, announced an open offer to acquire a 26% stake from public shareholders. Saluja defended the relationship with all shareholders, including Burmans, for the last six years and stated that the board's concerns should be put to the rest.

Dabur's Burmans fire fresh salvo at Religare's Saluja

This is the second time the Burman family, the largest shareholders of Religare, has accused Saluja of insider trading violations. In September, the Burmans accused Saluja of insider trading ahead of the open offer announcement.

Two mutual fund NFOs to open for subscription this week

Around two new fund offers will open for subscription this week, according to data by ACE MF.