Monday, September 28
India Inc is beginning to invest and urban consumption is not a worry, finance minister Nirmala Sitharaman told ET, maintaining that there would be no holding back on economic reforms.In a wide-ranging interview just after the finance ministry said India was in a “Goldilocks situation”—not too hot, not too cold, but just right—Sitharaman said this was the outcome of 11 years of work by the Narendra Modi government. The Centre is looking to simplify the goods and services tax (GST) and income tax further, ensure the availability of critical supplies, speed up land monetisation, and strengthen regional rural banks.Also Read: Atmanirbhar Bharat has shown what it can do in defence–it is beyond success: SitharamanAmendments to the Insolvency and Bankruptcy Code are also expected to be
The initial public offering (IPO) of Vandan Foods will open for public subscription today and will remain open until July 2. The Gujarat-based castor oil manufacturer is looking to raise Rs 30.36 crore through a fixed price issue of 26.40 lakh equity shares at Rs 115 per share.The IPO consists entirely of a fresh issue and does not include any offer-for-sale component.The issue has allocated 47.5% each to retail and non-institutional categories, with the remaining 5% reserved for the market maker, Aftertrade Broking Pvt Ltd.Nirbhay Capital Services is the lead manager for the issue and Bigshare Services is the registrar. The listing of shares is expected on the BSE SME platform on July 7 following allotment on July 3.Incorporated in 2015, Vandan Foods is primarily engaged in the production
