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Specialty chemical company Aether Industries plans to file preliminary documents for an initial public offering of as much as Rs 1,000 crore next week, according to people familiar with the matter. Kotak Mahindra Capital Company Ltd and HDFC Bank Ltd have been appointed as merchant bankers to advise the company on the public issue, they added. Aether Industries started with an R&D unit in 2013, and began commercial production in 2017. It caters to the Read More

As the Indian crypto market awaits the introduction of the Cryptocurrency and Official Digital Currency Bill 2021, in Parliament’s Winter Session, Finance Minister Nirmala Sitharaman during the Question Hour in Rajya Sabha on Tuesday noted that the bill is awaiting clearance from the cabinet. Here’s a quick recap of everything the finance minister said around cryptocurrencies in Parliament: Ques – What are government plans on shutting down crypto advertisements? Nirmala Sitharaman – There is no Read More

Even as the government seeks to ban all private cryptocurrencies through the new crypto bill, which is likely to be introduced in the Winter Session that began Monday, Singapore-based crypto futures and spot trading exchange Coinstore has forayed into the Indian market. The company on Monday announced its entry into the Indian crypto market with the launch of its web and app platform for Indian users. Users can “trade, buy and sell cryptocurrencies, with easy Read More

State-owned Bank of Baroda on Friday said it has raised Rs 1,997 crore by issuing Basel III-compliant bonds. The bank had come out with a Rs 2,000 crore issue of additional tier-I bonds on November 24. “The bank has received total bid amount of Rs 5,308 crore, out of which the issuance was finalised for Rs 1,997 crore at 7.95 per cent (per annum),” BoB said in a regulatory filing. The bank said it issued Read More

Stock exchanges and other market infrastructure institutions on Monday came out with a roadmap for the implementation of T+1 (trade plus one day) settlement cycle whereby the mechanism will be introduced in a phased manner from February 25. T+1 means that market trade-related settlements will need to be cleared within one day of the actual transactions taking place. Currently, trades on the Indian stock exchanges are settled in two working days after the transaction is Read More