The Securities and Exchange Board of India (Sebi) is considering simpler documents for filing initial public offerings (IPOs), seeking to reduce complexities in the listing process and speed up approvals.

Sebi chairperson Madhabi Puri Buch said on Friday the market regulator is considering "demystified filing" of offer documents that will have a fill-in-the-blank kind of format and a separate section for explaining complexities.

Shares of Neuland Laboratories crossed the Rs 10,000 mark for the first-ever time in intra-day deals on Friday. The stock hit a new high of Rs 11,093.15, on rallyig 18 per cent on the BSE in an otherwise weak market on the back of robust earnings for the June 2024 quarter (Q1FY25). In comparison, the BSE Sensex was down 0.80 per centat 81,196 at 01:50 pm.

In the past two days, the stock of this smallcap pharmaceutical company has surged 27 per cent. It has zoomed 83 per cent in the past two months and has skyrocketed 725 per cent in two years.

Kerala Health Minister Veena George on Friday confirmed 308 deaths in the multiple landslides that hit Wayanad on July 30.

The rescue and relief operations are underway in Chooralmala and Mundakkai in the Meppadi region where the landslides wreaked havoc.

The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop in US bond yields, with traders expecting intervention from the Reserve Bank of India to continue limiting the currency's losses.

Non-deliverable forwards indicate rupee will open at around 83.73-83.74 against the US dollar, marginally weaker than its close at 83.7175 in the previous session.

In the Rs 32,400 crore Goods and Services Tax (GST) demand on Infosys, the Karnataka State authorities have withdrawn the pre-show cause notice to the company.

In a regulatory filing, the company said: “The company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the company to submit further response to the Directorate General of GST Intelligence (DGGI) central authority on this matter.”

Food aggregator platform Zomato on Thursday reported a consolidated profit of Rs 253 crore in the first quarter (Q1) of financial year 2024-25 (FY25), up from Rs 175 crore a quarter ago. The company turned profitable for the first time ever in the corresponding period last year (Q1 FY24), with a profit of Rs 2 crore.

Zomato’s revenue from operations rose 74 per cent year-on-year (Y-o-Y) to Rs 4,206 crore in Q1, up from Rs 2,416 crore a year ago. It had reported a revenue of Rs 3,562 crore in the previous quarter.

India's power consumption rose a meagre 3.5 per cent to 145.40 Billion Units (BU) in July compared to the year-ago period as rainfall brought down temperatures from the scorching heat.

In July 2023, the power consumption stood at 140.41 BU, according to official data.

The highest supply in a day (peak power demand met) also rose to 226.63GW in July 2024 against 208.95 GW in the year-ago month.

Congress MP Manickam Tagore has submitted an adjournment motion notice in the Lok Sabha over "water leaks" inside the Parliament. The notice, filed on Thursday (August 1), proposes the formation of a "specialised committee" to inspect the Parliament building. The Congress MP has also shared a video of water leaks inside the lobby caused by heavy rainfall on Wednesday.

Andhra Pradesh Governor S Abdul Nazeer has promulgated an ordinance approving a Vote-on-Account budget for the state for a sum of Rs 1.3 trillion for four months.

The Andhra Pradesh Appropriation (Vote-on-Account No. 2) Ordinance, 2024 came into force and enables the state government to withdraw funds from the Consolidated Fund of the state.

As India gears up to celebrate its 77th Independence Day, Air India Express has launched a "Freedom Sale" with fares as low as Rs 1947.

Book your flights between now and August 5th for travel until September 30th, 2024. You can explore both domestic and international routes, including popular getaways like Delhi-Jaipur, Bengaluru-Goa, and Delhi-Gwalior.The airline is offering discounts across its network of 15 international and 32 domestic destinations.

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