Tuesday, October 06
The finance ministry is nudging large central public sector enterprises (CPSEs) and key government agencies to boost their capital expenditure (capex) in this financial year, said a senior official, amid scepticism over a broad-based rebound in private investments given the global turmoil.The move comes on top of similar instructions to various ministries and departments earlier this fiscal to front-load their capex, aimed at supporting economic growth.The CPSEs are responding, according to the official, who did not wish to be identified. 121811095The combined capex of large CPSEs and four key government agencies-each with an annual target of at least ₹100 crore-increased almost 21% year-on-year in May to ₹55,239 crore.On a month-on-month basis, their capex rose from ₹49,781 crore i
Israel on Friday said that it has launched a 'preemptive' strike on nuclear sites in Iran, hours after Trump acknowledged the very possibility of it by Tel Aviv.Israeli Prime Minister Benjamin Netanyahu said Israel struck Iran’s nuclear facility at Natanz and targeted scientists. He added that the operation against Iran would "continue as many days as it takes."Also Read: Oil prices jump more than 5% after Israel strikes IranIranian media also reported that explosions were heard in Tehran as tensions mounted over US' scheduled talks this weekend to win Iran's agreement to halt production of material for an atomic bomb.A state of emergency has been declared by Israel, anticipating a retaliatory missile and drone strike by Tehran.Meanwhile, Iran's air defence systems have been placed on fu
Shares of Bajaj Finance will trade ex-split from Monday, June 16, as the company has set this as the record date to determine shareholder eligibility for its 1:2 stock split and 4:1 bonus issue, announced in April.Therefore, today, June 13, becomes the last day for investors to purchase shares of Bajaj Finance to be eligible for the stock split and the bonus issue. Only shareholders whose names appear in the company’s records as of the record date will receive the benefit of the subdivided shares.The record date is the cut-off date to determine which shareholders are entitled to receive the corporate benefit. Shareholders who hold Bajaj Finance shares as of the end of the trading day on June 13, 2025, will be eligible for the split.Here are the exact details of the corporate actions taki
The Rs 1,387 crore initial public offering (IPO) of Oswal Pumps, one of India’s fastest-growing solar pump manufacturers, was subscribed 6% so far on day one of the bidding process.As of 10:24 am, the IPO had received bids for 9,14,976 shares against the 1,62,12,980 shares on offer. The highest interest came from non-institutional investors (NIIs), who subscribed 9% of their allotted quota. Retail investors subscribed 7%, while qualified institutional buyers (QIBs) were yet to participate.The IPO opened for public subscription on June 13 and will close on June 17.The IPO comprises a fresh issue of shares worth Rs 890 crore and an offer for sale of 81 lakh shares by promoter Vivek Gupta. The company raised Rs 416 crore from anchor investors on June 12 by allocating 67.78 lakh shares at Rs
