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Mumbai: The initial public offering of CMR Green Technologies Ltd, a non-ferrous metal recycler, has witnessed a strong response from investors on the last day of the bidding today, i.e. on June 5, 2206. The offer was subscribed to 85.22 times till 3 pm on June 5. According to the National Stock Exchange (NSE), the Rs 631-crore IPO received bids for 1,96,37,37,360 shares against 2,30,43,930 shares on offer. The quota for non-institutional investors (NIIs) was booked 155.90 times. The retail portion of the IPO fetched a subscription of 22.90 times, and the Qualified Institutional Buyers (QIBs) segment was booked 142.78…

New Delhi: The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 5.25 per cent amid turmoil in West Asia, which has pushed crude oil prices higher and posed inflation risks. RBI Governor Sanjay Malhotra said that the monetary policy committee (MPC) voted unanimously (6–0) to keep the repo rate unchanged at 5.25 per cent. The outcome is significant, coming amid heightened uncertainty due to global conflicts, rising crude prices, sharp rupee depreciation, and monsoon risks. The RBI has actively intervened in the foreign exchange market to stabilise the INR, while the government has ramped up…

New Delhi: At a time when India is facing multiple challenges - rising crude oil prices, risk of inflation and the prospect of a weaker monsoon - the government has announced a series of reforms aimed at making India a leading destination for foreign investors. The Centre on Friday promulgated the Income-tax (Amendment) Ordinance, 2026, granting tax exemption to Foreign Institutional Investors (FIIs) on capital gains and interest income arising from investments in government securities (G-Sec).   With a view to enhancing participation by Foreign Portfolio Investors (FPIs) in G-Sec, the government has decided to expand the list of specified securities under…

New Delhi: The Reserve Bank on Friday kept interest rates unchanged for the second time in a row. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously (6-0) decided to retain the short-term lending rate or repo rate at 5.25 per cent. The central bank maintained its "neutral" policy stance to balance economic growth against fluctuating inflation risks and global uncertainties. The interest rate pause comes even as the Consumer Price Index (CPI) based headline retail inflation has moved closer to the RBI's medium-term target of 4 per…