Author: Varta24 Business
Mumbai, 31 July 2026 — IIRM Holdings India Ltd (BSE: IIRM, 526530) has announced a strategic capital raise of ₹1,500 million (₹150 crore) through a mix of Equity Shares and Fully Convertible Warrants priced at ₹143.28 per share. The funding round is led by mid-market private equity firm Carpediem Capital and Sanshi Fund – I, a Category III Alternative Investment Fund (AIF). The issuance remains subject to shareholder and statutory regulatory approvals. Key Highlights of the Deal Total Raised: ₹1,500 Million (₹150 Crore) Instruments: Equity Shares & Fully Convertible Warrants Issue Price: ₹143.28 per share Lead Investors: Carpediem Capital &…
The Food Safety and Standards Authority of India (FSSAI) has dramatically escalated its probe into Swiggy Instamart, laying down strict compliance demands that force the quick-commerce giant to lay bare its internal inventory and customer service mechanisms. The central food regulator has given the delivery platform a firm deadline to submit clear evidence of its warehouse and backend operations or face harsh legal penalties under the Food Safety and Standards Act, 2006. The directive comes as part of a sweeping investigation into nine separate consumer safety notices. These notices were triggered by repeated customer reports of receiving contaminated baby food,…
U.S. financial markets are taking a breather as stock and bond markets shut down on Friday, July 3, in observance of the Independence Day holiday. Because the traditional July 4th holiday falls on a Saturday this year, Wall Street is following standard market convention by observing it a day early, giving investors a long three-day weekend. Major trading floors, including the New York Stock Exchange (NYSE) and the Nasdaq, will remain completely closed. The U.S. bond market also locked up early on Thursday afternoon at 2 p.m. Eastern Time. Regular trading across all equity and debt platforms is scheduled to…
The State Bank of India (SBI) has successfully transferred a slice of its asset management arm to a group of marquee investors, clearing the final regulatory and financial hurdle ahead of one of the most highly anticipated public market debuts of the year. India’s largest public sector lender informed stock exchanges that it has officially concluded its pre-IPO placement for SBI Funds Management Limited (SBIFM), raising ₹1,655 crore in gross proceeds. The transaction was executed at the absolute upper limit of the company’s newly announced IPO price band. Market enthusiasm is already running exceptionally high, with the grey market premium…
South Korean memory chip giant SK Hynix made a stunning debut on the Nasdaq stock exchange on Friday, July 10, 2026, with its U.S.-listed shares surging 13% on its first day of trading. The explosive debut comes after the tech giant raised 26.5 billion dollars—approximately ₹2.2 lakh crore—in a historic American share sale, proving that investor appetite for artificial intelligence hardware remains incredibly robust despite recent stock market pullbacks. The massive capital raise marks the single largest U.S. stock market listing by a foreign corporation in history, surpassing the previous record set by Alibaba in 2014. It also stands as…
Tensions between Washington and Tehran have reached a dangerous flashpoint as US President Donald Trump declared that a recently negotiated temporary ceasefire is officially over. The collapse follows a series of military exchanges triggered by Iranian attacks on commercial vessels transiting the strategic Strait of Hormuz. Adding to the friction, freshly released satellite imagery suggests Tehran may already be rebuilding its heavily monitored nuclear facilities, throwing into question the survival of the 14-point Memorandum of Understanding (MoU) signed by both nations just last month. Trump Issues Standing Orders for Massive Retaliation Confronting reports of an active assassination plot against him,…
In a historic geopolitical milestone, India and New Zealand officially elevated their bilateral relations to a formal Strategic Partnership on Saturday, July 11, 2026. The announcement came during Prime Minister Narendra Modi’s high-profile visit to Auckland—marking the first time an Indian Prime Minister has set foot in New Zealand in 40 years. New Zealand Prime Minister Christopher Luxon hailed the meeting as “historic,” noting that the newly formed framework marks a significant leap forward that will expand diplomatic, defense, and economic ties far beyond the Free Trade Agreement (FTA) signed by the two nations earlier this year in April. Expanding…
HDFC Bank Managing Director and Chief Executive Officer Sashidhar Jagdishan on Saturday addressed the bank’s shareholders in the fiscal year 2026 annual report, directly confronting the fallout from the sudden resignation of former part-time chairman Atanu Chakraborty. Jagdishan described the sudden departure in March 2026 as a “challenging event” that cast an unexpected spotlight on the internal corporate governance standards of India’s largest private lender. The bank moved aggressively over the summer to clear its name, hiring a pair of prominent domestic and international law firms to investigate the former bureaucrat’s parting allegations. On Saturday, Jagdishan confirmed that the exhaustive…
India’s pharmaceutical distribution network is facing widespread disruption today, Wednesday, May 20, 2026, as the All-India Organisation of Chemists and Druggists (AIOCD) executes a 24-hour nationwide strike. The massive protest involves a significant portion of the association’s 12.4 lakh member network of chemists, pharmacists, and drug distributors, shutting down an estimated 9.8 lakh traditional retail medical shops across the country. The national strike has begun on a mixed note across various states. While retail neighborhoods are seeing extensive shuttered storefronts, state drugs control administrations have moved quickly to keep alternative supply channels active to prevent a public healthcare crisis. Why…
The initial public offering (IPO) of NFP Sampoorna Foods Limited entered its final day of bidding on Wednesday, 20 May 2026. The ₹24.53 crore public issue has seen steady response from investors, though sentiment in the grey market has cooled down significantly compared to earlier sessions. The public offering opened for subscription on Monday, 18 May 2026, with a fixed price band of ₹52 to ₹55 per equity share. It consists entirely of a fresh issue of 44.6 lakh equity shares, allowing the dry fruit processing company to retain all net proceeds to fund its internal growth initiatives. Bidding and…