The Securities Appellate Tribunal (SAT) has granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), allowing the company and its managing director and chief executive officer, Punit Goenka, to proceed with a proposed preferential issue of fully convertible warrants worth around ₹3,100 crore. The decision provides a crucial window for the company to complete a...
India’s capital markets could soon witness a historic milestone as the National Stock Exchange (NSE) moves closer to launching what may become the country’s largest-ever initial public offering (IPO). Market estimates indicate that the proposed public issue could be valued at nearly ₹30,000 crore, surpassing previous record-breaking offerings and marking a significant development in the...
India’s benchmark equity indices registered a powerful rally, with the Sensex skyrocketing by more than 1,600 points and the Nifty advancing over 400 points during a highly bullish trading session. The sharp gains reflected renewed investor confidence, strong buying across sectors, and optimism surrounding domestic and global economic developments. The dramatic upswing marked one of...