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Continuing the spree of initial public offerings (IPO), agrochemical firm Heranba Industries’ public issue will open for subscription next week. The Gujarat-based agrochemical company is looking to raise Rs 625 crore from capital markets through the issue which will be a mix of an Offer for Sale (OFS) by existing shareholders and a fresh issue of equity shares. Heranba Industries will join peers such as Rallis India, Dhanuka Agritech, Sumitomo Chemical India, and PI Industries, Read More

Petrol and diesel prices on Monday were hiked for the seventh day in a row as a rally in international oil prices took retail rates in India to new highs. Petrol price was increased by 26 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers. This pushed retail rates, which differ from state to state depending on the incidence of local sales tax or VAT and freight Read More

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The International Finance Corporation (IFC) has picked up 10 per cent of the first green bond issuance worth USD 561 million by Continuum Wind Energy as the anchor investor. The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy’s first green bond sale closed earlier this month, the World Bank Group member said. On February 2, PTI was the first to report that Continuum was in the market to raise Read More