Stove Kraft is set to open its IPO on Jan 25. It comprises fresh issue of Rs 95 crore by the company and offer for sale of 82.50 lakh equity shares by promoters and investors at a price band of Rs 384-385/share. Investors can bid for a minimum of 38 equity shares and in multiples of 38 equity shares thereafter. Stove Kraft aims to raise Rs 411.8 crore - Rs 412.63 cr through the IPO.

The National Investment and Infrastructure Fund (NIIF) has made an equity investment of less than Rs 5,000 crore in infrastructure projects during its five years of existence. The Rs 40,000-crore NIIF was set up in December 2015 as an institution for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.

After a week into the world's biggest Covid vaccination drive, India has immunised approximately 16 lakh candidates. After initial hesitancy and technical glitches in the CoWIN app, the rollout is gathering pace. India now ranks 7th in the world in the number of vaccine doses administered, at the current pace of about 2 lakh vaccinations a day will soon surpass others.

Foreign portfolio investors remained net buyers at Rs 18,456cr so far in Jan as global liquidity led to continued investment in emerging markets. Overseas investors pumped in Rs 24,469cr into equities but pulled out Rs 6,013cr from the bonds market between Jan 1-22. The inflow into the Indian markets continues as global liquidity leads to more investments in emerging markets like India.

Export-Import Bank of India is planning to raise up to USD 3 billion through bond issues in 2021-22. it will also consider raising more funds under the socially responsible notes category in the next fiscal. "The pandemic is a "blip", slowing down balance sheet expansion as the global trade slows declines & developmental projects financed by the policy bank also takes a backseat," Exim MD said

Cairn Energy Plc's shareholders, including BlackRock, MFS, Franklin Templeton and Fidelity urged the Indian government to honour an arbitration award and return $1.2 billion to the British oil firm. Cairn slapped with a retrospective tax assessment, is three-fourth owned by world's top investors with $529 billion MFS Investment Management of the US being its largest investor with 14.02% stake.

RIL has completed the spin-off of the firm's oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships. The oil-to-chemical (O2C) business unit holds Reliance's oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business.

4 of the top 10 valued firms added a total Rs 1,15,758.53 crore to their combined market valuation last week The RIl helped in adding Rs 71,033.44 crore to its market cap. The BSE benchmark scaled the 50,000-mark for the first time on Thursday. Last week, the 30-share BSE benchmark dipped 156.13 points or 0.31%. The market capitalisation of TCS zoomed Rs 26,191.64cr to Rs 12,39,562.76cr last week.

IBM has realised that even ambitious weight-loss plans don’t always solve everything. The software giant known as International Business Machines, posted disappointing fourth-quarter results late Thursday. Revenue slipped across the company’s business lines, though the most painful miss came in Big Blue’s cloud and cognitive software segment, which saw revenue fall 4.5% YoY.

Frontline workers in the aviation sector should be given COVID-19 vaccine after health workers, the civil aviation ministry has told the Union health ministry. As per the guidelines issued by the health ministry on December 28, 2020, initially, around 30cr Indians will be vaccinated, including around 3cr healthcare and frontline workers, and approximately 27cr people of over 50 years.

Yes Bank has reached the "peak" of asset quality stress after heightened challenges in theQ3-20 earnings, even though there can be a jump in the GNPA ratio in the March quarter. The GNPA ratio may shoot up to touch 20 per cent of the overall assets once the Supreme Court order on bad asset recognition comes in. In the results released over the weekend, the bank reported a GNPA ratio of 15.36%.

Here are some interesting facts about the NSE: [1] NSE, launched in 1992 is the first dematerialized electronic exchange in India, [2] It is the biggest stock exchange in India and the 3rd biggest in the world in terms of transactions, [3] NIFTY 50 (weighted average of 50 top companies) is its benchmark index, [4] It commenced derivatives trading and launched index futures on 12 June 2000.

After watching investors pour millions into blank-check companies and seeing the likes of JFrog and Snowflake surge aftermarket debuts, at least eight crypto firms are eyeing initial public offerings. Coinbase has filed. Other exchanges are laying out plans or looking to be acquired through special-acquisition vehicles. And two Bitcoin mining equipment firms in China are on IPO watch lists.

Indian-origin mobile phone makers are back in the business with brands like Micromax, Lava International and Karbonn Mobiles launching new models. In November, Micromax returned to the segment with its new brand called ‘In Mobiles’, while Lava marked its re-entry by launching a customisable smartphone range, ‘MyZ’. Karbonn Mobiles, too, plans to introduce two smartphones by March.

Even as offices plan to reopen in 2021, getting back to work will be different. The crowded meetings and catching up at the cafeteria for a quick gossip will still be on hold for some time. Instead, as employees start working from offices in the new normal, they will be greeted by sanitation booths and safety booklets. In fact, pre-booking your desk to avoid crowding may well be the norm.