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Anu Aiyengar, global chair of investment banking at JPMorgan, speaks with Sangita Mehta and Anirban Chowdhury on a range of issues, including the deal-making boom, private credit, AI investments and valuations, and India’s prospects for attracting foreign capital. Edited excerpts: What is driving the current deal-making momentum? There has been decent activity across debt, equity…
Another busy week awaits the primary market, with three mainboard and four SME initial public offerings set to open, looking to raise more than ₹1,400 crore. This compares with six mainboard and seven SME IPOs that together raised more than ₹4,447 crore last week. Among the mainboard IPOs opening this week, Purple Style Labs will…
Mumbai: August witnessed a deluge of large secondary market deals, with the tally rising to the highest in 14 months, as promoters and private equity investors sold stakes amid elevated valuations following the sharp rebound in mid- and small-cap shares. Block and bulk trades worth at least ₹80,000 crore were executed during the month –…
Mumbai: Foreign portfolio investors, which hold sway over equities and currency markets, are lobbying for faster access to stock exchanges. They have urged the capital market regulator to allow them to directly link their servers with exchange systems for more efficient order execution, among other things. The proposal – put forward by persons representing large…
You may not actively earn during your retirement years, but that does not stop factors such as cost of living, medical inflation, lifestyle inflation, longevity and other uncertainties from draining your finances more than you may have expected or accounted for. Thus, smart planning for the future — when you are largely reliant on savings…
Sugar prices in India have remained steadily over ₹60 per kg in most retail markets today, on 30 August, PTI reported. The stability in high prices comes despite several measures from the central government to tackle rise in cost of the commodity ahead of the festive season demand, official data showed, it added. Notably, the…
Initial public offering (IPO) activity in India is gathering pace, with companies raising around ₹22,400 crore through 26 August. More issues could hit the market before 30 September, when the one-year validity of Sebi approvals for several companies is set to expire. Since IPO-bound companies do not have a listed-market track record or exchange trading…
Uzbekistan has joined the list of countries that is set to adopt the unified payment interface (UPI) system, the Ministry of External Affairs (MEA) announced today. Speaking to reporters, MEA Secretary (West) Sibi George said the development comes on the back of Prime Minister Narendra Modi’s two-day long official visit to Tashkent from Saturday. “Another…
Government employees in Odisha who fail to pay court-ordered alimony or maintenance to their estranged wives or children could now see the amount deducted directly from their monthly salaries. The Odisha government on Sunday issued an order directing departments to enforce court-mandated maintenance payments by making deductions from the salaries of employees who default on…
The new tax regime has been the default regime from assessment year (AY) 2024-25. While taxpayers without business or professional income can switch between the old and new regimes every year, those with business or professional income face restrictions. For taxpayers filing ITR-3 or ITR-4 with business or professional income, switching tax regimes is not…