Seven companies, including Fusion Cx and Orient Cables India, have received Sebi's approval for their IPOs. Fusion Cx plans a Rs 1,000 crore issue, while Orient Cables India aims for Rs 700 crore. Other companies like RSB Retail India and Lohia Corp also received nod for their offerings.
Investor interest in Indian equities has hit a nearly two-year low, with average daily turnover declining significantly. This subdued activity stems from uncertainty and underperformance in mid- and small-cap stocks, impacting retail investors, HNIs, and brokerages alike.
The committees vote Tuesday followed a decision by a federal vaccine advisory committee earlier this month to no longer recommend hepatitis B vaccines for all newborns.
Kraft Heinz has named veteran Chicago-based executive Steve Cahillane as CEO beginning Jan. 1, taking the reins of the packaged food giant as it prepares to split into two companies.
Gov. JB Pritzker on Tuesday celebrated his enactment of a new law that advocates say will avert catastrophic service cuts on Chicagos public transit systems and make the regions trains and buses safer and more reliable even as he acknowledged transformation takes a little bit of time.
