A host of brokerages have recommended a 'subscribe' on Mrs Bectors' Rs 541 crore initial public offer (IPO) that hit the Street on Tuesday.

This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares.

For companies undergoing insolvency and seeking relisting, Sebi said such companies will be mandated to have at least 5 per cent public shareholding at the time of their beginning of trading on the stock exchanges

With reforms in the process, India would need a clear law and policy on forensic audits.

Laxmi Organic Industries' issue will comprise fresh issue of shares aggregating to Rs 500 crore and an offer-for-sale (OFS) worth Rs 300 crore by the promoter Yellow Stone Trust.

The three day bidding process came to a close with all categories of investors oversubscribing their portion of the issue. Non-institutional Investors showed the most interest in Mrs Bectors, subscribing their quota 621 times.

In today's trade, Nifty IT index scaled a new record high, with Tata Consultancy Services (TCS) and Infosys hitting their respective record highs.

The IPO comprises fresh issuance of up to 40 lakh shares and an offer for sale of up to 82,24,270 shares from promoter and other existing shareholders

The issue will be open for public subscription during December 21-23. At the upper end of the price band, the IPO is estimated to fetch Rs 300 crore.

Pre-pack incorporates the benefits of both informal and formal insolvency proceedings. In many jurisdictions, there exists a codified framework for pre-packs

Transstroy India, the Hyderabad-based infrastructure company has come under the Central Bureau of Investigation (CBI) scanner over allegations of fraud and involving lending by a consortium of banks.

PayNearby uses its tech platform to turn kirana stores into points of integrated commerce

The Rs 300-crore Antony Waste Handling Cell initial public offer (IPO) has been subscribed 15 times so far on the final day of the three-day bidding process.

“For the fiscal 2021, we can forecast a demand growth between 7-9% and this is likely to happen due to the demand improving in both the trade and institutional channels,” Batria said.

Hemang Jani, head – equity strategy, broking and distribution, Motilal Oswal Financial Services, said the listing gains could be attributed to the euphoria in the market and retail frenzy.

Technology for MSMEs: Tech disruption in recent years and the digital push from the government have offered the necessary fillip for the germination of entrepreneurial culture in the country, thereby tapping the vast human resources.

Anupam Rasayan commenced operations in 1984 with conventional products and now it makes speciality chemicals that involve multi-step synthesis and complex chemistries.

How Mukesh Ambani, Amazon's Jeff Bezos and Walmart's Doug McMillon are fighting to get a bigger slice of India's $850 billion retail market

Flybig, founded by aviation entrepreneur Sanjay Mandavia, plans to start operations in October

The company reported climbing out of red from Rs 17.63 crore in losses during FY19 to Rs 28.90 crore in net profit for FY20 – a 264 per cent jump. Sequoia, Beenext, Beenos Partners, RB Investments, and others had backed Voonik in the past.