In a decisive move to strengthen its balance sheet and reduce stressed assets, Punjab National Bank (PNB) has announced its plan to sell non-performing assets (NPAs) worth approximately ₹5,000 crore to Asset Reconstruction Companies (ARCs) during the current financial year. According to PNB Managing Director Atul Kumar Goel Chandra, the bank aims to achieve a…
In a strong reaffirmation of India’s commitment to improving its investment climate, Union Minister of Commerce and Industry Piyush Goyal highlighted the country’s ability to swiftly resolve business challenges, further strengthening its image as a global business-friendly destination. Speaking at an industry interaction, Goyal emphasised that the government’s pro-active approach, policy reforms, and real-time problem…
Connplex Cinemas Ltd, a rapidly expanding multiplex chain headquartered in Gujarat, is set to enter the capital markets with its Initial Public Offering (IPO) opening for subscription on August 7, 2025. The IPO has generated considerable interest among retail and SME investors as the regional entertainment chain gears up to scale operations across Western and…
In a bold and optimistic projection, ace investor and Motilal Oswal Financial Services Chairman Raamdeo Agrawal has stated that India’s unlisted companies hold the potential to unlock ₹150 lakh crore in market value, possibly doubling the country’s total market capitalisation in the next four years. Agrawal, known for his long-term bullish stance on the Indian…
In a spectacular debut that has caught the attention of retail and institutional investors alike, Aditya Infotech Ltd made headlines after listing at a sharp premium on the stock exchanges. The listing pop resulted in non-institutional investors (NIIs) making up to ₹1.3 lakh in profit per application on the very first day of trade. The…
In a major development that could significantly reshape India’s financial services landscape, Tata Capital Ltd has officially filed preliminary papers with market regulator SEBI for its highly anticipated Initial Public Offering (IPO). The move marks the Tata Group’s first major public issue in over a decade and paves the way for the listing of one…
In a strategic move that could reshape energy diplomacy in South Asia, India’s Nayara Energy has dispatched its first fuel shipment since the imposition of EU sanctions targeting Russian oil products, intensifying scrutiny on India’s balancing act between its long-standing partnership with Russia and its growing engagement with the United States. The development signals India’s…
In a significant leadership development, Gautam Adani has stepped down from his key managerial position at Adani Ports and Special Economic Zone Ltd. (APSEZ), the flagship transport and logistics arm of the Adani Group. The move comes as part of an ongoing leadership realignment strategy aimed at separating the roles of governance and management, aligning…
In a bold and visionary move, the state of Andhra Pradesh has extended full support to Deepinder Goyal’s ambitious jet engine project, signaling a major shift in India’s domestic aerospace innovation landscape. The Zomato co-founder, known for redefining the food tech industry, is now making waves in the high-stakes aviation sector with plans to manufacture…
Despite various states rolling out lucrative incentives to attract textile businesses, Tiruppur’s knitwear manufacturers remain steadfast in their commitment to Tamil Nadu, resisting pressure to shift investments elsewhere. The industry, widely considered the knitwear capital of India and a vital export hub, has signaled a strong preference for retaining and expanding operations within the state…
