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Navy sailor Connor Nelson returned to his California apartment after a 10-month deployment aboard the USS Abraham Lincoln, only to find his SUV stolen and his home ransacked in his absence. View More
After examining the material placed before it, the commission concluded that the original property papers had been lost while they were in the bank's custody. View More
The financing will support home purchases by women from economically weaker sections and low-income groups in urban and peri-urban areas across India View More
Anjali LabTech Ltd has re-submitted its draft papers to Sebi for a notable Initial Public Offering targeting Rs 1,225 crore. This IPO encompasses a fresh share issue worth Rs 925 crore alongside a promoter-led Offer For Sale. The raised funds are earmarked for expanding capital expenditure and boosting corporate development. Furthermore, the company anticipates gathering up to Rs 185 crore through a pre-IPO placement. View More
Lab grown diamond manufacturer Anjali LabTech Ltd has filed updated draft papers with markets regulator Sebi to raise Rs 1,225 crore through an Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of shares worth Rs 925 crore and an Offer For Sale (OFS) of Rs 300 crore by promoters, according to the updated Draft Red Herring Prospectus (DRHP) filed on Thursday. The filing comes after the regulator gave the Surat-based company its go-ahead to launch the IPO in February. The company had filed draft IPO papers with Sebi using the confidential route. As per the draft papers, the company may consider raising up to Rs 185 crore in a pre-IPO placement round. If this placement is undertaken, the fresh issue size will be reduced. The company plans to use proceeds of the fresh issue to fund capital expenditure for manufacturing and the captive installation of MPCVD machines to facilitate in-house growing of rough lab-grown diamonds; fund the construction and development of Anjali Corporate House at Moje Kosmada, Surat, Gujarat; pay down debt; and for general corporate purposes. Live Events Incorporated in 2021, Anjali LabTech is a vertically integrated Indian player in the Lab-Grown Diamond (LGD) industry with capabilities stretching across the entire value chain. Its vertically integrated operations are supported by seven manufacturing facilities in Surat -- a major hub in Gujarat that dominates the diamond sector, accounting for over 90 per cent of the country's LGD production. IIFL Capital Services Ltd and Axis Capital Ltd have been appointed as book-running lead managers to the public issue. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Kian-M Export Ltd has filed preliminary IPO documents aiming to secure Rs 500 crore through both new shares and an offer for sale. The raised funds are earmarked for enhancing working capital, acquiring a stake in Ultra Denim Ltd, and purchasing new machinery. Furthermore, the capital will aid in expenses for its subsidiary, Usha Cotton Ltd, and general corporate costs. View More
Textile manufacturer and exporter Kian-M Export Ltd has filed preliminary papers with markets regulator Sebi to mobilise funds through an initial public offering (IPO) comprising a fresh issue of shares worth 500 crore. Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue will be used to meet the company's working capital requirements, acquire a 35.29 per cent stake in Ultra Denim Ltd, fund the purchase of machinery and equipment, and make capital expenditure investments in its material subsidiary Usha Cotton Ltd. Also, a portion of the funds will be used for general corporate purposes. Rajkot-based Kian-M Export is engaged in the manufacturing and export of processed fabrics. The company converts raw, unfinished or grey fabric through preparation, dyeing or printing and finishing processes. The company sells its fabrics to wholesalers, garment manufacturers and brands that supply fabrics to garment makers. Live Events Kian-M Export operates two manufacturing facilities in Rajkot, Gujarat. One facility is leased by the company, while the other is leased by its wholly owned subsidiary Usha Cotton Ltd. For the financial year ended March 31, 2026, the company reported revenue of Rs 383.01 crore and a profit after tax (PAT) of Rs 42.19 crore. Exports accounted for 52.43 per cent of its revenue, while domestic sales contributed 47.57 per cent. Mirae Asset Capital Markets (India) Pvt Ltd is the book running lead manager to the issue, while MUFG Intime India is the registrar to the offer. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
In one such case, when the homebuyer signed the allotment letter with the builder, he paid Rs 1.6 crore. Based on what was stated in the allotment letter, he understood that the builder would take care of the stamp duty and the registration charges. View More
The government has announced that new MDR fees on UPI transactions will apply in some cases. Will the charge apply in every country where UPI is functional? Here's what we know so far. View More
The Baramati-founded jewellery house is expanding its contemporary portfolio and customer proposition as younger consumers seek more versatile, everyday jewellery. View More
Chandukaka Saraf , the 200-year-old, Maharashtra-based jewellery house, says it is adapting its product portfolio and customer approach to changing jewellery consumption patterns, with a greater focus on contemporary designs, diamonds, sterling silver and jewellery suited to everyday wear. Founded in Baramati in 1827, Chandukaka Saraf has built its business over generations around gold jewellery, craftsmanship, and long-standing customer relationships. As the jewellery market evolves, the brand is looking to extend that proposition to younger consumers whose jewellery choices are increasingly influenced by personal style, versatility and everyday use, says a statement. The shift forms part of the brand’s broader approach to its next phase of growth, alongside expansion into newer markets across Maharashtra. Jewellery has traditionally been closely associated with weddings, festivals and other major occasions in India. However, people are also showing growing interest in pieces that can be worn across occasions and incorporated into everyday wardrobes. Younger consumers especially connect jewellery to personal milestones and individual expression, ranging from a first salary or professional achievement to birthdays, friendships, and everyday styling. Live Events Chandukaka Saraf says it is responding to this shift by expanding its contemporary jewellery offering alongside its established gold and bridal categories. “Jewellery is becoming more personal in the way customers choose and wear it. Younger consumers are looking for pieces that fit into their everyday lives and can reflect their individual style. For us, the opportunity is to understand this change while building on the trust and relationships associated with the brand,” said Samyak Kishorkumar Shah, Managing Director, Chandukaka Saraf in a statement. The brand says it’s growing focus on diamonds and sterling silver is part of its effort to offer customers a wider range of jewellery across occasions and preferences. Contemporary designs are being positioned alongside traditional gold jewellery, giving customers the option to choose pieces that can be worn individually, layered or styled across different settings. “Our traditional categories remain an important part of our business, but customer expectations are evolving. Contemporary jewellery, diamonds and sterling silver allow us to engage with customers in different ways and across more occasions,” Shah said. “We don't see tradition and contemporary preferences as being at opposite ends. Our heritage gives us the foundation, while changing customer expectations tell us where we need to evolve. The next phase is about making the Chandukaka Saraf experience relevant to today's customers without losing the values that have shaped the business,” Shah added. The upcoming festive season is another important period for jewellery retailers, with customers traditionally planning purchases around Diwali and other occasions. Ahead of the festive season, Chandukaka Saraf has introduced a Pre-Diwali Gold Rate Protection initiative under which customers can book their jewellery by paying 10% in advance and avail the applicable benefit linked to a lower gold rate, subject to the terms and conditions of the offer. The initiative is aimed at customers planning their jewellery purchases ahead of the festive period and looking for greater flexibility in timing their purchase. “Festive jewellery purchases are often planned in advance. At the same time, customers are increasingly conscious of value when making a significant purchase. The Gold Rate Protection initiative is intended to provide customers with an opportunity to plan ahead while availing the applicable benefit under the offer,” said Shah. Alongside changes in its product portfolio, Chandukaka Saraf is expanding its retail presence across Maharashtra. Chakan and Talegaon Dabhade are among the locations forming part of the brand’s expansion around the Pune market, allowing it to reach customers in growing residential and commercial markets. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
Residents of Windsor Park Society protested against the conversion of flats into Airbnb rentals, citing security concerns. Here's what a flat owner should ensure before renting out a residential apartment as an b&b or service apartment. View More
ArMee Infotech is currently offering its IPO, with a subscription period ending on September 25, 2026. The offer has been subscribed 2.44 times, indicating significant investor interest as of now. The company plans to allocate the IPO proceeds primarily for business expansion and working capital needs. Analysts suggest a long-term subscription rating for the IPO due to favorable growth potential. View More
The ArMee Infotech IPO entered its third and final day of bidding on Friday, September 25, with the issue witnessing moderate investor interest. The ArMee Infotech IPO received a decent response from investors and was subscribed 2.44 times, against the 74.30 lakh shares on offer, according to NSE data. In the grey market, the IPO is currently commanding a GMP of around 5%, indicating expectations of a modest premium over the issue price, based on the prevailing unofficial market indicator. By the end of Day 2, the issue was subscribed 1.17 times overall, with bids received against the 74.30 lakh shares on offer. The Rs 300-crore ArMee Infotech IPO will remain open for subscription until September 25, 2026. The basis of allotment is expected to be finalised on September 28, while the company’s shares are tentatively scheduled to list on both the NSE and BSE on September 30. Read more: NSE IPO Tracker: Catch all the highlights here Live Events The book-built issue comprises an entirely fresh issue of 80 lakh equity shares, aggregating to Rs 300 crore, with no offer-for-sale component. The company has fixed the IPO price band at Rs 350 to Rs 375 per share, while the lot size is 40 shares. At the upper end of the price band, retail investors will need a minimum investment of Rs 15,000 for one lot. Khandwala Securities Ltd . and Saffron Capital Advisors Pvt. Ltd. are the book-running lead managers for the issue, while Cameo Corporate Services Ltd . is the registrar. ArMee Infotech IPO subscription status: Retail Individual Investors (RIIs) subscribed 2.47 times the 45 lakh shares offered. Non-Institutional Investors (NIIs) subscribed 2.09 times the 19.28 lakh shares offered. Qualified Institutional Buyers (QIBs) subscribed 2.99 times the 10.01 lakh shares offered. IPO proceeds According to the company, the net proceeds from the IPO will be used for business expansion, working capital requirements, repayment or prepayment of certain borrowings and general corporate purposes. The company has earmarked Rs 155 crore for expanding its business by procuring new government and PSU projects. Another Rs 60 crore will be used to meet working capital requirements, while Rs 6.50 crore has been earmarked for the prepayment or repayment of certain outstanding borrowings. The remaining proceeds will be used for general corporate purposes. Should you subscribe to ArMee Infotech IPO? Anand Rathi Research has assigned a “Subscribe – Long Term” rating to the issue. According to the brokerage's research report, at the upper price band, ArMee Infotech is valued at 26.2 times FY26 price-to-earnings (P/E) and 17.83 times FY26 enterprise value-to-EBITDA (EV/EBITDA), implying a post-issue market capitalisation of Rs 11,899 million. The brokerage highlighted the company's established presence in IT infrastructure and IT managed services, sizeable government and PSU client base, ongoing project pipeline and expansion into renewable energy as factors supporting its growth prospects. The research view is Anand Rathi's assessment and should not be treated as a guarantee of the company's future performance or stock-market returns. ArMee Infotech financial performance ArMee Infotech reported an improvement in both revenue and profit in FY26 compared with FY25. Total income increased from Rs 1,316 crore in FY25 to Rs 1,410 crore in FY26, representing growth of around 7%. Profit after tax (PAT) rose from Rs 42 crore in FY25 to Rs 45 crore in FY26, an increase of around 9%. Read more: Swastika Infra IPO Day 3: Issue subscribed over 1.6x; GMP signals 5% premium — Check key details About ArMee Infotech Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Ltd. is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions to clients across sectors including government, corporates, banking, financial services and insurance (BFSI), and education. The company has also diversified into retail sales and renewable energy, expanding its operations beyond its core IT infrastructure and managed services business. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)