The Securities and Exchange Board of India (Sebi) is nudging founders with a stake of 10% or more in their companies to classify themselves as promoters at the time of filing the draft prospectus for public share sales, said two people in the know. The move could impact companies wanting to go public, especially startups […]
India recorded 529 fresh COVID-19 cases in a single day, while the country’s active infection count stood at 4,093, the health ministry said on Wednesday.Three new fatalities — two from Karnataka and one from Gujarat — were reported in a span of 24 hours, according to the ministry’s data updated at 8 am. The number […]
Indian benchmark equity indices closed Tuesday’s session broadly higher. The BSE Sensex closed above 58,000 and the NSE Nifty 50 settled above 17100. Bank Nifty concluded above 39,890. The top gainers on the Nifty 50 were HDFC Life, Reliance Industries Ltd, Bajaj Finance, Bajaj Auto and SBI Life while the losers were Power Grid, Hindustan […]
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