CashNews.co The IPO season has been buzzing this year, and Bajaj Housing Finance’s public offering has become the hottest ticket in town. Both big and small, investors rushed in to grab their share of this Rs 6,560-crore IPO, which has attracted a whopping Rs 3.2 lakh crore in bids. To put that in perspective, the […]
CashNews.co Sep 12, 2024 11:32 AM IST Institutional bids for Bajaj Housing’s shares exceeded 200 times the allocation, reflecting strong market demand. The home-loan unit of India’s largest shadow lender drew a blockbuster response for its share-sale debut, highlighting continued investor exuberance over listings in the nation. Bajaj Housing Finance’s IPO draws massive investor interest, […]
CashNews.co Woori Bank’s Pune branch South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India. These are the bank’s fourth and fifth local branches, following branches in Chennai, Gurgaon and Mumbai. The Pune branch in the central Indian state of Maharashtra will focus on providing financing to Korean-owned and local […]
CashNews.co Sitharaman-led GST Council has a key task now to develop a long-term vision for tax Sep 11, 2024, 10:07 PM IST GST Council’s 54th meeting addressed industry concerns by rationalizing GST rates, providing exemptions, and clarifying laws to avoid litigation. New GoMs were formed to tackle critical issues. The introduction of e-invoicing for B2C […]
CashNews.co MUMBAI: The current frenzy in the IPO market in India, Bajaj Group reputation and the strong fundamentals of Bajaj Housing Finance combined to set a few new records for the primary market on Wednesday.As the Rs 6,560-crore IPO for Bajaj Housing Finance closed in the evening, there were about 89 lakh investors who had […]
CashNews.co Reuters/Francis Mascarenhas BENGALURU, (REUTERS) – India’s Bajaj Housing Finance attracted bids worth about $38.60 billion, or nearly 64 times the shares on offer, making it the most sought-after major public listing this year in a red-hot IPO market. The interest in the company’s public offer — the most this year among mainboard IPOs worth […]
CashNews.co (Reuters) – India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country’s tough regulatory stance and steep trading taxes, a report from blockchain analytics company Chainalysis showed on Wednesday. The report, which tracks adoption across four sub-categories in 151 countries, showed India ranked high on […]
CashNews.co The MSME lending segment displayed mixed results, with individual MSME loans growing faster than entity MSMEs. The individual MSME portfolio increased by 29% YoY in fiscal 2024, accelerating from 15% in fiscal 2023, while entity MSME loans grew by just 6.6% YoY, a sharp slowdown from 17.2% in the previous year. Read More #cashnews […]
CashNews.co What’s going on here? Bajaj Housing Finance’s IPO smashed records in India, with demand soaring nearly 64 times the shares on offer and attracting bids worth approximately $38.60 billion. What does this mean? Bajaj Housing Finance’s IPO is the talk of the town, setting new benchmarks for public listings in India this year. Institutional […]
CashNews.co By Arsheeya Bajwa NOIDA (Reuters) -NXP Semiconductors will invest over $1 billion in India, doubling its research and development efforts, the Dutch company’s CEO said on Wednesday, joining global names betting on a country looking to establish its presence in the industry. “NXP is committed to double its R&D efforts here in the country […]