INDUSTRY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

'India Inc raised USD 3.8 bn through 19 IPOs in Jan-Jun this year'  -   17/07/2018 16:45
C orporate India raised USD 3.8 billion through 19 IPOs in the first half of this year, largely driven by stable equity equity markets, says a report. According to Grant Thornton, increased activity in the IPO space is expected as the IPO ecosystem is evolving at a rapid pace and several companies...
Govt doubles import duty on over 50 textile products  -   17/07/2018 16:33
T he government has doubled import duty on over 50 textile products -- like jackets, suits and carpets -- to 20 per cent, a move that is aimed at promoting domestic manufacturing, reported PTI. The Central Board of indirect Taxes and Custom (CBIC) late last night notified list of textile products o...
Securitisation volumes up 128% to Rs 32,300cr in Jun qtr: Icra  -   17/07/2018 15:31
S ecuritisation volumes surged by 128 per cent year-on-year to Rs 32,300 crore during the June quarter, the highest ever recorded in the first quarter, on clarity over GST and a low base,rating agency Icra said today. "The unprecedented increase in Q1 volumes for securitisation transactions could b...
AAI mulls levying addl charges for slots during peak hours  -   17/07/2018 14:43
A irlines might be asked to shell out additional charges for use of slots during peak hours at aerodromes, with the proposal being considered by the Airports Authority of India (AAI), according to a senior official. The proposal, once implemented, could also push the airfares higher as carriers mig...
SME IPOs garner Rs 1,546 cr in H1 2018  -   17/07/2018 13:57
S mall and medium enterprises (SMEs) raised Rs 1,546 crore through initial public offerings during the first six months of the year, more than two-fold jump from the same period last year. Funds raised through initial public offers (IPOs) were used for business expansion plans, working capital requ...
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