The retail portion of the offer—that was subscribed 70% on Day 1—was also fully subscribed on Thursday MUMBAI: The maiden public offering for Jio Platforms, through which the company is raising Rs 30,213 crore, making it the largest such offer in India, was subscribed over five times at the close of bidding on Day 2. … Read more
According to analysts, revisiting past coupons raises legal and accounting issues. MUMBAI: Retail bondholders of YES Bank have asked Axis Trustee Services, the debenture trustee, to secure payment of overdue coupons (interest payments) on the bank’s Additional Tier 1 (AT1) bonds, restore their holdings in demat accounts and seek regulatory intervention, days after Supreme Court … Read more
Investors were bearish on the eMudhra stock after the cyber incident. BENGALURU: Shares of digital trust company eMudhra plunged 20% on BSE for the second consecutive day on Thursday after it announced its decision to exit the global SSL/TLS (Secure Sockets Layer/Transport Layer Security) certificate business following a security incident involving eight of its intermediate … Read more
Goyal said the FTA could be signed by Dec and implemented within four to five months. BERLIN: Commerce and industry minister Piyush Goyal Thursday set an ambitious target of increasing bilateral trade with Germany tenfold to 310 billion euros, urging businesses to forge partnerships ahead of implementation of the India-EU free trade agreement (FTA).At the … Read more
The Indian Computer Emergency Response Team (CERT-In) issued a criticalseverity warning. (Reuters photo) BENGALURU: It has been a difficult day for cybersecurity, with critical vulnerabilities in PHP triggering an urgent global patching effort, millions of reported hacking attempts, and precautionary shutdowns of some online services. Microsoft CEO Satya Nadella said the scale of the incident … Read more
In the IPO, Jio Platforms is offering 27 crore shares at a per-share price band of Rs 1,065 to Rs 1,119. MUMBAI: The maiden public offering for Jio Platforms was subscribed within 100 minutes of opening as institutional buyers led the charge. At close of the session on Day 1, the Rs 30,213-crore IPO, the … Read more
MUMBAI: A surge in gold loans may partly reflect borrower stress, with lenders allowing customers already in deep delinquency to borrow against gold and repay overdue loans, Macquarie said in a report. The trend raises questions about whether gold-backed lending is driven by consumption or income-generating needs or is merely helping borrowers manage debt by … Read more
SpaceX is valued at more than $2 trillion, while Tesla has a market value of about $1.5 trillion. Elon Musk openly endorsed the prospect of combining SpaceX with Tesla Inc in what would be the biggest-ever corporate merger, uniting assets from electric cars to AI data centres to rocket and satellite capabilities. The world’s richest … Read more
Core sector grew 7.9% in Sept, compared with 3.1% a year ago, driven by strong performance in electricity, cement and refinery products and aided by a favourable base as well, official data released Tuesday showed. Sequentially, the growth marked acceleration from an upwardly revised figure of 5.9% in Aug. This is the strongest performance of … Read more
eMudhra certificates blocked by Google and Mozilla BANGLURU/ NEW DELHI: Bengaluru-based digital trust and cybersecurity company eMudhra has acknowledged a cryptographic flaw that generated weak private keys linked to eight intermediate digital certificates in its global website-certificate business, potentially allowing attackers to impersonate legitimate websites. Shares fell 20% on BSE.The company said the affected TLS … Read more