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11 Jun

Indian Banks Hike FCNR(B) Deposit Rates Up to 6% to Woo NRI Investors

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Leading Indian banks have aggressively hiked interest rates on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits by up to 310 basis points, capitalizing on recent regulatory relaxations to attract foreign currency inflows. The revised interest rates, which take effect today, June 11, see major private and public sector lenders offering yields as high as 6 percent on foreign deposits, primarily targeting a maturity bucket of three to five years. ICICI Bank and Axis Bank, the country's second and third-largest private sector lenders, have raised their rates by 310 and 305 basis points, respectively. Both institutions are now offering a uniform 6…

22 Jan

Indian Bank Q3 Net Profit Rises 7% to Rs 3,061 Cr, Asset Quality Improves

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Indian Bank posted a 7.3% year-on-year rise in net profit to Rs 3,061.48 crore for the December quarter, supported by stronger core income and improved asset quality. Net interest income grew 7.5% to Rs 6,895 crore, while provisions and contingencies fell to Rs 857.02 crore from Rs 1,059.13 crore a year ago. The lender reported sequential improvement in asset quality, with gross NPAs declining to 2.23% from 2.60% and net NPAs easing to 0.15% from 0.16%. Gross advances climbed 14.24% to Rs 6.39 lakh crore, while total deposits rose 12.62% to Rs 7.91 lakh crore. Domestic CASA ratio stood at…

05 Jan

Upcoming IPO: Hindustan Laboratories files DRHP with SEBI for an IPO

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Hindustan Laboratories has filed a DRHP with SEBI for its proposed IPO. The offer has a total issue size of up to 1,41,00,000 shares of face value of ₹10, comprising a fresh issue of up to 50,00,000 shares and an offer for sale (OFS) of up to 91,00,000 shares. Rajesh Vasantray Doshi is the promoter selling shareholder offloading up to 91,00,000 shares in the OFS. Meanwhile, the company intends to utilise the net proceeds from the fresh issue of shares towards funding the working capital requirements and general corporate purposes. As per the DRHP, Choice Capital Advisors Private Limited is the…

03 Jan

Fans mourn closure of cupcake vending machine company Sprinkles Cupcakes

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Sprinkles Cupcakes, a company famous for selling sweet treats in vending machines known as “cupcake ATMs,” has shut down after 20 years of operation around the United States, according to its former owner. “Even though I sold the company over a decade ago, I still have such a personal connection to it, and this isn’t how I thought the story would go,” said Candace Nelson, who started the company after she lost her job in 2005. The closure was announced Dec. 30. Nelson started Sprinkles Cupcakes in her own kitchen, and the first location was in a small Beverly Hills…

15 Dec

Bumper debut: Corona Remedies shares list at nearly 40% premium!

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Shares of Corona Remedies debuted on Dalal Street on Monday, December 14, following an exceptionally strong response to its initial public offering, which was subscribed 137 times during the December 8–10 bidding window. The stock listed at ₹1,470 per share, delivering a premium of ₹408, or about 38.4 percent, over its issue price of ₹1,062. After listing, the shares continued to trade at a premium of nearly 30 percent. While grey market trends had indicated strong demand, such premiums are only a sentiment indicator and can be volatile. Mahesh M. Ojha, Vice President–Research and Business Development at Kantilal Chhaganlal Securities,…

06 Dec

“Hard Work Wasted”: IndiGo Cancellations Leave Passengers In Tears

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Severe chaos unfolded at Ahmedabad’s Sardar Vallabhbhai Patel International Airport on Saturday as IndiGo’s nationwide operational crisis led to long queues, repeated cancellations and distressed passengers. The disruptions intensified even after the Directorate General of Civil Aviation (DGCA) temporarily suspended its Flight Duty Time Limitations (FDTL) order to ease the situation. Between midnight and 6 am, the airport saw seven arrivals and twelve departures cancelled, leaving travellers stranded with limited alternatives. Among those affected was Mahrishi Jani, who broke down while explaining that the cancellation cost his team their chance to participate in the Smart India Hackathon 2025. With no…

02 Dec

Rupee hits new record low of 89.92 against US Dollar

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The rupee slipped to 89.92 against the US dollar, breaching its previous record low of 89.7575 from December 1, and ending the day 0.3% weaker. Its decline accelerated on December 1 after the currency fell below 89.5 — a level the RBI had earlier defended — triggering stop-loss orders and prompting importers to rush into dollar purchases. The fall was particularly striking because it came despite India’s strong GDP numbers and in the absence of negative cues from Asian markets. Equity indices were down around 0.5%. VK Vijayakumar of Geojit Investments noted that persistent rupee weakness is discouraging foreign inflows…

28 Nov

‘Buy Lenskart’: Jefferies projects 23% upside on eyewear maker a day before Q2 results

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Jefferies has begun coverage of newly listed eyewear maker Lenskart Solutions Ltd., assigning a “buy” rating on November 28. The brokerage set a price target of ₹500, signalling a potential 23% upside from Thursday’s close. According to Jefferies, Lenskart holds only a 5% share of India’s eyewear market yet remains the country’s largest tech-enabled retailer in the segment, giving it considerable scope for expansion. Its integrated omni-channel model enables lower costs, faster delivery and a smoother customer journey. While India accounts for more than 85% of EBITDA, Jefferies noted that global expansion provides meaningful strategic opportunities. India’s eyewear industry, valued…

26 Nov

Excelsoft Technologies IPO listing date today!

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Excelsoft Technologies is set to debut on the Indian stock exchanges today, 26 November 2025, after witnessing strong investor interest during its IPO. The issue was open for bidding from 19 to 21 November, with allotments finalized on 24 November. The company’s shares will list on both the BSE and NSE and have been placed in the ‘B’ Group category. According to a BSE notice, the stock will participate in the Special Pre-open Session, and regular trading begins at 10:00 am. Despite the robust subscription, grey market signals point to a subdued debut. Current GMP data shows a premium of…

18 Nov

Unity Trail Cyclothon Draws 650+ Participants Near Statue of Unity

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A national cycling festival, The Unity Trail – Cycle on Sunday, kicked off this weekend at Ekta Nagar in Gujarat’s Narmada district, attracting over 650 riders from different parts of India. The two-day event, organised by the Cycling Federation of India in association with the state departments of Sports, Youth Services, Culture and Tourism, aims to encourage fitness, environmentally friendly transport and outdoor recreation. Minister of State Dr. Jairam Gamit inaugurated the event and launched the five-kilometre opening ride. Participants ranged from seasoned athletes to hobby cyclists, student groups and enthusiasts who travelled from multiple states. Tourists and local residents…