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Pune-based KSH International,   the third largest manufacturer of magnet winding wires in India in terms of production capacity in Fiscal 2024,   has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise Rs 745 crore through Initial Public Offering (IPO). The IPO, with a face value of Rs 5, is a mix of fresh issue of shares up to Rs 420 crore and an offer-for-sale up to Rs 325 crore by Promoter Selling Shareholders. The proceeds from the fresh issue to the extent of Rs 225.98 crores for prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company; Rs 90.06 crore for funding the capital expenditure requirements of the Company towards: purchasing and setting up of new machinery for expansion at its Supa Facility and purchasing and setting up of new machinery at Unit 2 in Chakan, Pune in Maharashtra; Rs 10.41 crore for funding the capital...

  The issue generated a demand of more than Rs 62,000 crore The Initial Public Offering of Belrise Industries was subscribed 41.30 times on the third day of bidding. The issue received bids of 7,31,22,94,024 shares against the offered 17,70,58,824 equity shares, at a price band of ₹85-90, according to the data available on the stock exchanges. Non-Institutional Investors Portion and Retail Portion were subscribed 38.33 times and 4.26 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 108.35 times. Belrise Industries Limited received an overwhelming response to its offering, with total bids exceeding 25 lakh applications. Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue. The table below shows subscription data for all the categories of investors:

Q4 PAT Up by 21% Specialty Business Share Crosses 20%; Board Recommends 100% Dividend India, May 23, 2025:  Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial and mining chemicals and fertilisers, today announced its financial results for the fourth quarter and full year ended March 31, 2025. The company reported a stellar 102% growth in net profit for the fiscal year, with Q4 PAT rising by 21% year-on-year, reflecting strong operational performance and successful strategic execution. Consolidated revenues for Q4 FY25 stood at ₹2,667 crore, a 28% increase over the same period last year. For the full year, revenues grew by 18%, driven by robust demand across the company’s core segments. Full-year EBITDA grew by 50% to ₹1,925 crore, with Q4 EBITDA rising 10% to ₹480 crore. PAT for FY25 doubled to ₹945 crore, underscoring a sharp improvement in profitability and efficiency. The company’s transformation journey from a commo...

De Beers Group CEO, Al Cook, doubles down on company’s support for the fast-growing Indian natural diamond jewellery market Highlights the significance of tech-powered diamond testing to underpin consumer confidence as the value of LGDs continues to decrease Al Cook, CEO of De Beers Group, the world’s leading diamond company, reiterated the Group’s commitment to unlocking the full potential for natural diamonds in India during his latest visit to the country. As India continues to power ahead as the world’s fastest growing market for natural diamond jewellery demand, Mr Cook and other senior leaders from De Beers Group have been visiting the country to meet with its range of leading retailers, traders, cutters and polishers, and industry groups. The growth of India, the home of diamonds, across the diamond value chain “For more than two thousand years, India has been at the heart of the world’s diamond industry. I have seen that history for myself over the past three days in Mumbai and...

Mumbai, Maharashtra,  22nd May 2025 : Bringing together India’s textile community under one roof, with a special focus on textile and garment manufacturing machinery and technology and innovations in fabrics, digital screen print, accessories, and trims, the Gartex Texprocess India Mumbai 2025 edition presents industry advancements. With over 125 exhibitors from India, China, Italy, Japan, Korea, Singapore and Taiwan - the show features strong international participation and highlights from India’s growing role in the global textiles industry. The inaugural ceremony was graced by distinguished dignitaries which included: ●         Chief Guest: Shri Sanjay Savkare, Hon’ble Minister of Textiles, Government of Maharashtra ●         Shri Shashank Chaudhary, IAS, Aditional CEO, Invest UP ●         Mr Steven Fang, Chairman, Taiwan Sewing MachineryAssociation ●     ...

MUMBAI, 22ND MAY 2025 TRADING COMMUNITY OPPOSES TAX TERRORISM AND DEMANDS TAX FREE INDIA: SUGGEST TO REPLACE ALL TAXES WITH ONE TIME YEARLY TAX ON PROPERTIES BUSINESSMAN SUBODH JAYAPRAKASH GIVES CREATIVE VENT TO HIS TAXATION WOES, PRODUCES FILM ‘TAX FREE INDIA’, A RAY OF HOPE FOR TROUBLED TAXPAYERS Trading community demands to remove income tax, GST, VAT, excise, custom duty, property tax, MCA ROC, professional tax, stamp duty etc. It should be replaced by one time property tax. A flat yearly tax of Rs. 700 per square feet to be collected from commercial establishments in advance. This will increase the government revenue from the present level and stop various harassments & torture faced by businessmen and tax payers in India. The budget of Union of India is projected at approximately Rs. 57 lakh crores, out of which Revenue is projected in the range of Rs. 40 lakh crores. The deficit of approximately Rs. 17 lakh is projected to be covered through various types of debts. This defi...

Q4/FY’25 Results –  21st May, 2025 Consolidated Financial Highlights PFC Group registered the highest annual Profit After Tax (PAT) with 15% increase - Rs. 26,461 crores in FY’24 to Rs. 30,514 crores in FY’25. PFC Group continues to be the largest NBFC Group in India with total balance sheet size of over 11.70 lakh crores. The consolidated loan asset book crosses Rs. 11 lakh crores and registered a growth of 12% from Rs. 9,90,824 crores as on 31.03.2024 to Rs. 11,09,996 crores as on 31.03.2025 Consolidated Net worth (including non-controlling interest) increased by 16% - Rs. 1,34,289 crores as on 31.03.2024 to Rs. 1,55,155 crores as on 31.03.2025 The consolidated Gross NPA reaches below 2% and is at 1.64% in FY’25 vs. 3.02% in FY’24. Owing to active resolution efforts, consolidated Net NPA has reached its lowest level at 0.38% in FY’25 from 0.85% in FY’24. Stand Alone Financial Highlights 21% impressive increase registered in Standalone Profit After Tax from Rs. 14,367 crores ...