finance

New Delhi: The initial public offering of non-banking finance company Acme Fintrade (India) Ltd was subscribed 11.61 times on the second day of bidding on Thursday.According to NSE data, bids were received for 9,13,08,500 shares against 78,65,000 shares in the initial share sale worth Rs 132...

New Delhi [India], As part of pre-budget deliberation, industry representative bodies met Union Finance and Corporate Affairs Minister Nirmala Sitharaman in the national capital on Wednesday.During the meeting, industry representatives demanded restructuring of GST tax, reduction of tax and...

Cheema said in a statement that the decision will also affect the employees of aided schools and colleges under the Department of School Education, Technical Education and Industrial Training, non-teaching staff of these institutions under the Department of Higher Education and retirees of aided...

New Delhi: Financial sector players on Thursday sought tax concessions in the upcoming Budget for FY 2020-25 to boost the market.At the pre-budget meeting with Finance Minister Nirmala Sitharaman here, some players urged the government to fix tax arbitrage wherever it exists.This was the...

New Delhi, Private equity firm Westbridge Capital on Wednesday sold 1.7 per cent stake in AU Small Finance Bank for Rs 845 crore through an open market transaction.Westbridge Capital, through its associate Westbridge AIF I, sold shares of Jaipur-based AU Small Finance Bank through a wholesale...

New Delhi: The Budget 2024-25 should focus on job creation besides boosting the manufacturing sector, economists who participated in the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman here on Wednesday said.The meeting was attended by Swadeshi Jagran Manch national...

New Delhi [India], Finance Minister Nirmala Sitharaman chaired the first pre-Budget meeting with leading economists in Delhi on Wednesday as part of the pre-Budget consultations for the General Budget 2024-25.The discussion focused on important issues such as boosting capital expenditure and...

New Delhi: The initial share sale of non-banking finance company Acme Fintrade (India) Ltd received 3 times subscription on the first day of bidding on Wednesday.According to NSE data, bids were received for 2,36,47,500 shares against 78,65,000 shares in the Rs 132 crore initial public...

New Delhi: State Bank of India Chairman Dinesh Kumar Khara has pitched for tax relief on interest income, saying it will help banks mobilize savings which can be used to finance long-term infrastructure projects.Currently, banks are required to deduct tax when the interest income on deposits...

NAIROBI [Kenya]: More than 200 protesters were arrested in Kenya's capital Nairobi on Tuesday amid ongoing demonstrations against tax hikes proposed in a finance bill up for parliamentary debate, The New York Times reported.Protesters wearing black T-shirts and blowing whistles and vuvuzelas...

New Delhi, UK-based hedge fund Marshall Wace on Tuesday sold shares of One97 Communications and Shriram Finance at a combined value of Rs 426 crore through open market transactions.Marshall Wace, through its arm Marshall Wace Investment Strategies – Eureka Fund, sold shares of One97...

New Delhi, Shivalik Small Finance Bank on Tuesday said it has raised Rs 100 crore in equity capital from investors such as Lightspeed and Sanjay Nair-founded Sorin Investments along with participation from existing investors Accel and Quona.The bank plans to use the funding to enhance its...

New Delhi: Non-banking finance company Acme Fintrade (India) Ltd on Tuesday said it has raised about Rs 38 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription.According to a circular uploaded on the BSE website, the anchor investors to whom...

New Delhi, PNB Housing Finance on Tuesday said its board has approved raising Rs 10,000 crore through non-convertible debentures (NCDs) to grow its business.PNB Housing Finance said in a regulatory filing that the funds will be raised in one or more tranches through NCDs on a private placement...

New Delhi [India], The Finance Ministry has announced a strong growth in India's direct tax collections for the financial year 2024-25, with a growth of 20.99 per cent in net collections and 22.19 per cent growth in gross collections.According to a press release from the Finance Ministry...

New Delhi: The National Investigation Agency (NIA) on Tuesday seized over Rs 1 crore extorted from contractors and others in Bihar and Jharkhand, which was used to finance the medical studies of a relative of a senior Maoist leader. Had been.The seizure came as part of the agency's...

The new round provides additional capital of Rs 3.6 crore to supplement internal accruals to finance the next phase of rapid expansion and growth for the omni-channel platform, which achieved profitability in FY 2020-2021.The current round was oversubscribed by existing investors, including...

VMPLNew Delhi [India], June 18: In an era where digital assets are changing the financial landscape, Future Wallet has emerged as a revolutionary tool designed to provide unparalleled convenience in managing your investments. This unique all-in-one solution not only ensures the security of...

Acme Fintrade (India) Limited is an RBI registered, leading Non-Banking Finance Company (NBFC) established in 1996. The IPO opens on 19 June 2024 and closes on 21 June 2024. This is a fresh issue of 11,00,000 shares. Book built issue totaling up to Rs 132 crore.Acme Fintrade (India) Limited...

New Delhi [India], As part of pre-budget consultations, Finance Minister Nirmala Sitharaman is scheduled to meet representatives of industry associations on the evening of June 20.Industry associations like Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian...