Sixty three Indian corporates raised an all-time high Rs 1.18 lakh crore through main board IPOs in calendar 2021.

This was nearly 4.5 times Rs 26,613 crore raised through 15 IPOs in 2020 and almost double of the previous best year 2017 in which Rs 68,827 crore was raised.

Ashok Leyland, India’s leading commercial vehicle manufacturer, on Thursday launched a new truck called AVTR 3120.

The launch of the three-axle 6x2 Dual Tyre Lift Axle (DTLA) truck makes Ashok Leyland the first and only player in the country to have a full range of dual tyre lift axle (DTLA) truck range: having 31T, 40.5T, and 47.5T GVW nodes, said the company.

Telangana reported 14 new cases of the new COVID variant, Omicron in the last 24 hours, according to the state health department.

With this, the total number of Omicron cases rose to 38 in the state.

According to the state health department, as many as 259 passengers were screened at the Rajiv Gandhi International Airport on Wednesday out of which 4 cases were tested RTPCR positive.

The price of tomatoes came down in all the major cities of the country in comparison to the corresponding price registered last one week and month.

According to a statement by the Ministry of Consumer Affairs, Food and Public Distribution on Wednesday, the price of tomatoes at the all India level as registered on Tuesday (December 21) was lower by 12.89 per cent as compared to last one week and by 23.69 per cent as compared to the last one month.

The U.S. Securities and Exchange Commission has declined an effort by Apple Inc to skip a shareholder proposal asking the iPhone maker to provide greater transparency in its efforts to keep forced labour out of its supply chain.

A group of shareholders earlier this year asked Apple's board to prepare a report on how the company protects workers in its supply chain from forced labour. The request for information covered the extent to which Apple has identified suppliers and sub-suppliers that are a risk for forced labour, and how many suppliers Apple has taken action against.

Amazon has filed a writ petition against the Enforcement Directorate (ED) in Delhi High Court seeking clarification on "unnecessary" summons issued to its employees and questioning the scope of its investigation in alleged FEMA violation in the Future Group deal.

In a plea filed before the Delhi High Court, Amazon accused ED of conducting a "fish and roving enquiry" against it.

Sebi on Wednesday imposed a penalty of Rs 1.5 crore on Karvy Computershare (presently known as KFin Technologies) for redeeming its units in Taurus Mutual Fund on the basis of privileged information, pertaining to Ballarpur Industries default, available to it as RTA.

By redeeming all units in Taurus Liquid Fund and Taurus Ultra Short Term Bond Fund in February 2017, Karvy Computershare made unlawful gain of about Rs 1.2 crore, Sebi said in an order.

Bharat FIH, a subsidiary of Foxconn group, has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO). The Rs 5,004-crore IPO comprises a fresh issue of Rs 2,502 crore and an offer for sale (OFS) of Rs 2,502 crore. The offer for sale is by its promoter, Wonderful Stars.

Wonderful Stars and FIH Mobile are its promoters, its prospectus stated. Wonderful Stars, together with its nominees, holds 99.97 per cent of the company’s shares.

Private equity (PE) major Advent International has acquired a majority stake in Encora, a global digital engineering services company with innovation labs in India and the US, for $1.5 billion. As part of the agreement, Warburg Pincus, the existing majority shareholder of Encora, has sold its stake and now retains a minority shareholding.

We are thrilled to enter into this partnership with Advent as we continue to scale our differentiated software engineering service offerings, said Venu Raghavan, chief executive officer (CEO), Encora.

Indian telecom companies (telcos) are set to see a 40 per cent boost in their operating profits next fiscal, which will give them some room to invest in rolling out their 5G services. Operating profit is expected to surge to Rs 1 trillion from Rs 72,000 crore in the next fiscal, on the back of higher tariffs, better ARPU, and the government’s deferred payment option.

The recent 20-25 per cent tariff hikes announced by telcos and ongoing customer upgrades, led by continuous rise in data consumption will improve average revenue per user/month (ARPU) by 20 per cent to Rs 160-165 next fiscal year from Rs 135 in the previous fiscal year.

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