Standard Glass Lining Technology Ltd has set a price band of Rs 133-140 per share for its Rs 410.05 crore IPO, opening on January 6, 2025. The IPO includes a fresh issue worth Rs 210 crore and an OFS of 1.43 crore shares. Proceeds will primarily be used for debt repayment, subsidiary investment, and strategic acquisitions.
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MNCs continue to push for women in top leadership roles, unlike Indian IT firms where women in C-suite roles are still under-represented. Global Capability Centres are making strides with targeted mentorship and deliberate focus on gender diversity, resulting in increased women leaders in senior positions.
Vanguard is set to inaugurate its largest global tech development centre in Hyderabad, marking its first in India. The centre will hire approximately 2,300 tech professionals within the next three to four years, focusing on AI/ML, Generative AI, cloud engineering, mobile engineering, and cybersecurity.
SEBI has cautioned the public about the rise of securities market fraud on social media platforms, where fraudsters use fake testimonials and promise guaranteed returns. The regulator advises caution and verification of social media accounts claiming to represent registered entities. SEBI has also introduced a '1600' phone number series to help investors identify legitimate service calls from registered entities.
India's trade deficit hit a 42-month low at $14 billion in February 2025, primarily due to a slowdown in imports to $51 billion. Despite global uncertainties and fluctuating petroleum prices, exports slightly declined to $36.9 billion, with non-petroleum products driving growth in the trade sector.
India's foreign exchange reserves dipped below $653 billion, a near six-month low, as of December 13. This marks a $52 billion decrease since September's peak, influenced by RBI interventions, a weakening rupee, and a strong dollar. The rupee hit a record low against the dollar following the Federal Reserve's hawkish stance on interest rates.
India's financial sector is positioned strongly as it enters 2025, marked by robust earnings, low impaired assets, and strong capital buffers. Despite challenges from geopolitical conflicts and market volatility, the financial system remains resilient. Consumer and business confidence is high, and stress tests show the banking system and NBFCs are well-capitalized.
Women remain under-represented in India's venture capital industry, particularly in decision-making roles. Analysis highlights major firms such as Z47 and Nexus Venture Partners with no female investors. Though firms like Peak XV Partners and Blume Ventures show better representation, the industry-wide gender gap persists, impacting the startup ecosystem by potentially limiting support for women-led startups.
BSE has suspended trading in Bharat Global Developers after a Sebi investigation revealed a pump-and-dump scam, leading to a 10,000% rise in its stock price. Sebi has barred several entities involved and accused the company of making false disclosures to boost stock prices.
Finance Minister Nirmala Sitharaman's Union Budget 2025-26 increases funds for women and child development by over Rs 3,700 crore. Major allocations include Rs 21,960 crore for POSHAN 2.0 and significant rises for Mission Vatsalya and Mission Shakti. Withdrawals from old National Savings Scheme accounts are exempt from tax starting August 2024.
Akasa Air pilots have raised concerns over training issues, prompting a demand for a DGCA audit after two senior officials were suspended. Pilots plan to form a union, citing ongoing resignations and bond commitments. The airline disputes training and attrition claims, having recruited 324 pilots since October 2023.