Mamaearth denies IPO withdrawal report; CEO Alagh says still engaging with SEBI on queries, process
Mamaearth on Monday sought to deny reports of withdrawal of its proposed Rs 2,500-crore IPO, saying that the parent company Honasa Consumer is engaging with regulator SEBI on the public issue. Earlier today, Reuters reported citing sources that?Mamaearth?has put its proposed?IPO?on hold due to weak market conditions. Mamaearth co-founder and CEO Varun Alagh told CNBC TV18 in an interview that the company is replying to SEBI queries, and expects to get approval on IPO prospectus by next month.
Market to focus on US, Europe GDP data, domestic auto sales, March expiry; buy these two stocks for gains
Equity benchmark index extended losses for the third consecutive week as investors turned cautious after the government hiked securities transaction tax (STT) on futures and options contracts, while lingering concerns of contagion in the global banking sector weighed. Depreciating rupee against the US dollar and fresh foreign fund outflows also hit investor sentiments. Moreover, the Government passed bill to Tax higher annual premium on Insurance and announced Debt Mutual Funds to Tax on short-term capital gain which had a negative impact in the market. Insurance, mutual funds, banking and metal stocks were major losers. However, select IT stocks advanced after Nasdaq listed Accenture announced better than expected quarterly results. Sensex slipped 463 points to close at 57527 or 1% while Nifty dropped 155 points or nearly 1% to close at below 17k level or 16945. Nifty and Sensex declined nearly 4% in the three consecutive week.
Good news! Indian Railways to introduce Vande Bharat Express train on Udhampur-Srinagar-Baramulla route – Details here
Indian Railways has planned to operate Vande Bharat Express in Jammu and Kashmir (J&K). For this, the railways is working on a full swing to connect the Kashmir Valley with the other parts of the country. This specially built semi-high speed train will ply on Udhampur- Srinagar- Baramulla route.?
The national transporter is also set to introduce the 13th Vande Bharat Express train by next month. The new semi-high speed train will run between New Jalpaiguri (NJP) and Guwahati (GHY). However, the date of inauguration and beginning of the commercial service and routes are not yet known.
Weekly Nifty, Bank Nifty Outlook: Index in time-correction, avoid aggressive short bets
Equity benchmarks concluded an eventful week on a subdued note amid elevated volatility. Nifty closed the week at 16945 levels down 1%. Broader market relatively underperformed the benchmark as?Nifty?Midcap and Small cap indices lost ~2% each. Sectorally, pharma, FMCG remained in limelight while IT, metal, realty relatively underperformed.
India and Central Asia: Connecting the extended neighbourhood
India’s rise on the global landscape has been nothing short of remarkable. It has expanded its economic and political reach across international borders and has created lasting partnerships with a number of important trade and political players. With India’s population and demographic dividend justovertaking China, the country wants to expand global partnerships with the aim of securing new engines for economic growth and maintaining stability in the long-term.
Meet DLF Chairman Rajiv Singh, who has a net worth of Rs 6,800 crore; Know about his lifestyle, education & career
DLF’s Rajiv Singh and family have managed to top the 2023 M3M Hurun Global Rich List with a wealth of $6.8 billion, followed by Chandru Raheja and family.
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According to the list that was released on March 22, it was revealed that the total number of real estate billionaires in India fell to 12 from 14 in 2022. Their cumulative wealth dropped 20 percent to $37.7 billion in 2023.
Why is Anji Khad Bridge an engineering marvel? Know all about India’s first cable-stayed railway bridge via these majestic pics
Anji Khad Bridge:?India’s first cable-stayed bridge and the first-of-its-kind in the country, is currently under construction. The Anji Khad bridge is being constructed in the Reasi district of the Union territory of Jammu and Kashmir. This 80 km long bridge is gaining countrywide attention for being an engineering marvel and we are here to give you a first-hand insight into its connecting route, the speed with which trains would be able to run on this bridge and also its probable launch time.
IPL 2023: When & where to watch the grandeur of opening ceremony and the madness of inaugural match
It’s time to get your adrenaline up again. It’s time for the madness to begin. It’s finally time for the IPL! The Indian Premier League 2023 is set to begin on March 31 with a grand opening ceremony. The ceremony is expected to be a spectacle to watch as it is being held after a four-year break due to the Covid-19. The event will reportedly feature performances from various Bollywood celebrities, including Tamannaah Bhatia and Rashmika Mandanna.
The opening ceremony will be held just before the opening?IPL?match between Chennai Super Kings (CSK) and Gujarat Titans (GT). It will be broadcasted on Star Sports. You can also stream the ceremony online via JioCinema.
Sanofi receives marketing approval for its diabetes drug in India
Sanofi India?on Monday announced that it has received marketing authorization for its diabetes drug Soliqua (in pre-filled pen) from the Central Drugs Standard Control Organization (CDSCO).
Soliqua is indicated as treatment to improve glycemic control as an adjunct to diet and exercise, in adults with obesity and type 2 diabetes who are insufficiently controlled on oral or injectable therapies. It comes in once daily dosing of pre-filled pens in fixed-ratio combination (10-40 and 30-60) of insulin glargine and lixisenatide.
Express Drives Garage: Royal Enfield Super Meteor 650 [First Report]
The all-new Royal Enfield Super Meteor 650 was launched in January this year and ever since then, I have wanted to get my hands on this 650cc power cruiser. Finally, the time has arrived as the Super Meteor 650 has joined the Express Drives Garage for a long-term review. I have been using this motorcycle as my daily driver for a week now and here are my first ride impressions.?