Ola Electric is gearing up for its initial public offering (IPO), which will open for subscription on August 2. The grey market premium (GMP) for the company's shares is estimated at Rs 12-13, indicating a potential premium of 16 per cent over the issue price.

The IPO price band is established at Rs 72-76 per share.

Public sector Indian Bank has targeted to recover about Rs 7,000 crore during the current financial year, a top official said on Tuesday.

The bank has also received the approval from the Reserve Bank of India and shareholders to raise Rs 5,000 crore which would be decided at an opportune time, the bank's Managing Director and CEO Shanti Lal Jain said here.

The government has garnered Rs 98,681 crore from long term capital gains tax on listed equities in 2022-23, a 15 per cent growth over the previous year, Parliament was informed on Tuesday.

Minister of State for Finance Pankaj Chaudhary gave details of collections from Long Term Capital Gains (LTCG) tax between fiscal 2018-19 and 2022-23 in the Rajya Sabha.

Fintech firm One97 Communications, which owns Paytm brand, sees no impact of lower incentives earmarked by the government in the budget for promoting small ticket digital transactions, a top official of the company said.

Speaking on the sidelines of launching "Card NFC Soundbox" machine, Paytm CEO Vijay Shekhar Sharma denied any impact of lower allocation of incentives to promote small ticket digital transactions on his guidance over profitability this fiscal year.

Two persons were killed and 20 injured as at least 18 coaches of the Howrah-Mumbai Mail derailed in Jharkhand's Seraikela-Kharsawan district early on Tuesday, officials said.

The accident occurred at 3.45 AM near Barabamboo, around 80 km from Jamshedpur, under the Chakradharpur Division of the South Eastern Railway (SER), they said.

JSW Energy on Monday said its arm JSW Neo Energy has secured a 192-MW hybrid power project, including an additional 96 MW under the greenshoe option from Gujarat Urja Vikas Nigam.

The capacity is awarded against tariff-based competitive bids invited for setting up a 500 MW Grid connected Hybrid Power Projects (Phase II), along with a greenshoe option for additional capacity up to 500 MW, a company statement said.

The Union Budget 2024 has introduced an important change in the taxation of rental income from residential property. To curb tax evasion, Finance Minister Nirmala Sitharaman has mandated that such income can only be declared under the 'Income from House Property' (IHP) head and not under the 'Profits and Gains from Business or Profession' (PGBP) category.

The deductions available under "Income from House Property" are different from those under "Profits and Gains from Business or Profession."

Shares of Bharat Heavy Electrical Limited (BHEL), on Monday, July 29, rallied as much as 3.05 per cent to hit an intraday high of Rs 327 per share on NSE.

The surge in the share price came after the company secured Rs 10,000 crore order for 1600MW Damodar Valley Corp project.

Vodafone Idea (Vi) plans to settle its outstanding legacy operational dues to Finland's Nokia, totalling around Rs 1,500 crore, through multiple cash instalments by December 2025, according to a report by The Economic Times.

The report quoted a source as saying, "But the Finnish vendor is yet to accept the proposal."

Former US Vice President Al Gore has endorsed Kamala Harris as the Democratic Party's presidential candidate for the high-stake election in November, citing her long record of standing up against oil and gas executives in support of the middle-class and the climate.

Vice President Harris, 59, launched her presidential campaign hours after incumbent President Joe Biden withdrew from the race for a second term on July 20.

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