NLC India OFS oversubscribed 5.22 times on day one; govt exercises full greenshoe option

NEW DELHI, June 9 -- The Centre's offer for sale (OFS) of up to 3% stake in state-run NLC India Ltd drew strong institutional demand on the first day, getting oversubscribed 5.22 times. The governmen... Read More

Govt to sell up to 3% stake in NLC India via OFS at Rs.303 per share

New Delhi, June 8 -- The Centre on Monday launched an offer for sale (OFS) of a 2% base stake in state-run NLC India Ltd (formerly Neyveli Lignite Corporation), with a 1% greenshoe option in the event... Read More

India's BIS bans use of potential carcinogen, chlorine bleaching as it sets tea bag quality standards for first time

New Delhi, June 8 -- India has banned the use of epichlorohydrin, a paper-strengthening chemical classified as a potential carcinogen, and chlorine for bleaching in tea bags sold in the country. The ... Read More

Centre brings back standard edible oil pack sizes, phases out odd-sized packs

NEW DELHI, June 6 -- The Centre has mandated standard pack sizes for major edible oils and given manufacturers, packers and importers three months to comply, rolling back a proliferation of odd-sized ... Read More

Govt nears a quarter of Rs.80,000-cr asset-sale target for FY27

New Delhi, June 5 -- India's asset sale campaign got off to a strong start, with the government realizing nearly a quarter of its Rs.80,000-crore target for the ongoing financial year (FY27), two peop... Read More

India's consumer watchdog fines PhysicsWallah, McAfee for using 'dark patterns' to influence consumer choices

NEW DELHI, June 3 -- India's consumer watchdog has fined edtech platform PhysicsWallah and cybersecurity software company McAfee for using online design practices that allegedly steered consumers towa... Read More

Govt eyes Rs.4,600 cr from NHPC OFS as it gets subscribed 3.47 times on Day 1; exercises full greenshoe option

New Delhi, June 2 -- New Delhi: The government's Offer for Sale (OFS) in NHPC Ltd received a strong response from investors on the first day, with the issue being subscribed 3.47 times, prompting the ... Read More

Centre's domestic financing nearly doubles to Rs.3.6 trillion in April, easing capital spending pressure

New Delhi, June 2 -- The Centre mobilised Rs.3.6 trillion through domestic financing in April, nearly double the Rs.1.90 trillion it raised in the same month last year, marking a strong start to the f... Read More

Mint Explainer: Why is India waiving customs duty on cotton imports again?

New Delhi, June 1 -- The Indian government has exempted cotton imports from customs duty for five months starting 1 June. This is the second such exemption in recent times, following a similar duty wa... Read More

India's fiscal deficit surges in April as receipts drop, spending jumps

New Delhi, June 1 -- India's fiscal deficit surged to Rs.3.62 trillion in April, nearly doubling from a year earlier, driven by a sharp decline in revenue receipts and a jump in expenditure in the fir... Read More

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