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Mutual fund houses allocate Rs 5,294 crore in IPOs, backing small-cap growth stories

Mutual fund houses allocate Rs 5,294 crore in IPOs, backing small-cap growth stories

According to the report, in small-cap IPOs, mutual fund houses have invested Rs 1,351 crore in Ather Energy, Rs 679 crore in Schloss Bangalore, Rs 495 crore in Aegis Vopak Terminals, Rs 398 crore in Belris Industries, Rs 387 crore in Oswal Pumps, Rs 357 crore in Ellenbarrie Industrial Gases, Rs 241 crore in Kalpatru, and Rs 55 crore in Sambhv Steel Tubes during the quarter. Aug 5, 2025
Commercial LPG cylinder prices cut by Rs 41 in relief for businesses

Aadhaar checks have plugged diversion of LPG subsidy to 4.08 crore false claimers: Puri

The minister said that Aadhaar-based authentication for DBT schemes enables accurate, real-time, and cost-effective identification, authentication, and de-duplication of beneficiaries, ensuring targeted delivery of benefits. The government had directed public sector oil marketing companies to undertake and complete biometric Aadhaar authentication of PMUY and PAHAL beneficiaries. Aug 5, 2025
ED raids entities, people linked to Anil Ambani in Rs 3,000 crore Yes Bank loan fraud

Anil Ambani to appear today before ED in Rs 17,000 crore loan fraud case

ED has summoned Anil Ambani for questioning as part of its ongoing probe into a money laundering case linked to an alleged bank loan fraud worth crores of rupees against his group companies. He had been asked to appear at the ED headquarters in the national capital on August 5. Aug 5, 2025
Adani Group to invest $10 billion in Vietnam

Adani Group to invest $10 billion in Vietnam

Group Chairman Gautam Adani revealed the investment plan during a meeting with Vietnamese Party General Secretary To Lam in Hanoi, as part of his business trip to Vietnam last week, the report said, citing the country's Ministry of Foreign Affairs. Aug 4, 2025
India reaffirms sovereignty in Kashmir amid Pakistan's continued obstructionism

India reaffirms sovereignty in Kashmir amid Pakistan's continued obstructionism

Despite numerous international appeals, Islamabad has maintained and supported terror infrastructure across the Line of Control (LoC), thereby undermining diplomatic efforts and regional stability. India's decision to revoke Article 370 on August 5, 2019, was upheld by the Supreme Court in December 2023 as constitutionally valid and consistent with the principles of Indian federalism. Aug 3, 2025
Centre cuts prices of 35 essential medicines

Centre cuts prices of 35 essential medicines

The formulations, which will now cost less, span a wide range of medicines, including anti-inflammatory, cardiovascular, antibiotic, anti-diabetic and psychiatric medicines. The Ministry of Chemicals and Fertilisers notified the order based on price regulation by the NPPA. The price reductions, which apply across drugs, are expected to bring relief to consumers, particularly those managing chronic conditions. Aug 3, 2025
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