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BUSINESS

NSE IPO opens; GMP falls nearly 32 pc ahead of listing
BUSINESS

NSE IPO opens; GMP falls nearly 32 pc ahead of listing

Mumbai, Sep 17 — The much-awaited initial public offering (IPO) of the National Stock Exchange of India (NSE) opened for public subscription on Thursday, even as its grey market premium (GMP) has come under sustained pressure over the past week.According to market reports, NSE’s GMP stood at Rs 218…

NSE cannot trade its own shares on exchange at present: SEBI chief
BUSINESS

NSE cannot trade its own shares on exchange at present: SEBI chief

Mumbai, Sep 17 — Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Thursday clarified that the regulator has received no formal request for the National Stock Exchange (NSE) to trade its shares on its own platform, stating that such a move is not permitted at present,…

Petroleum dealers seek exemption from MDR on fuel sales
NATIONAL

Petroleum dealers seek exemption from MDR on fuel sales

New Delhi, Sep 17 — Representatives of the All India Petroleum Dealers Association (AIPDA) met senior officials of the Ministry of Petroleum and Natural Gas on Thursday to discuss their demand for exemption from the merchant discount rate (MDR) on UPI transactions on fuel sales at petrol pumps.The…

India targets $500 bn electronics ecosystem as ECMS scales up
BUSINESS

India targets $500 bn electronics ecosystem as ECMS scales up

New Delhi, Sep 17 — With electronics exports already emerging as a major export category, India is targeting a $500 billion domestic electronics manufacturing ecosystem and $150 billion in electronics exports by 2030, an official factsheet said on Thursday.India’s electronics production rose from…

India goes for big push towards self-reliance in semiconductors
NATIONAL

India goes for big push towards self-reliance in semiconductors

New Delhi, Sep 17 — India’s semiconductor story has advanced rapidly in a short period. In 2021, the country had no commercial chip plant. By 2026, 12 units have been approved, and five are in production. Students across hundreds of colleges are now designing chips. Semicon 2.0 is the natural next…