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Business Standard
04-08-2025
- Business
- Business Standard
JSW Cement announces Rs 130-147 Price Band for Rs 3,600 crore IPO
JSW Cement sets a price band of Rs 130-147 for its Rs 3,600 crore IPO, which will open on August 7. The IPO includes a fresh issue and an offer for sale by selling shareholders BS Reporter JSW Cement has priced its Rs 3,600-crore initial public offering (IPO) between Rs 130 and Rs 147 per share. The IPO will begin on August 7 and conclude on August 11. It is a mix of a fresh issue of shares up to Rs 1,600 crore and an offer for sale up to Rs 2,000 crore by the selling shareholders. JSW Cement had initially planned to raise Rs 4,000 crore through the IPO but reduced the amount by Rs 400 crore from the fresh issue portion. The proceeds from the fresh issue will be used for part-financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan, and for repayment of loans. The company began its operations in 2009 in Vijayanagar, Karnataka. Since then, it has expanded its presence across the southern, western, and eastern regions of India, as well as the UAE. JSW Cement's product portfolio consists of blended cement, ground granulated blast furnace slag (GGBS), ordinary Portland cement (OPC), clinker, and a range of allied cementitious products such as ready-mix concrete (RMC), screened slag, construction chemicals, and waterproofing compounds. As of March 31, 2025, the company operated seven plants in India. Parth Jindal, Managing Director of JSW Cement, stated during a media interaction that the company prefers organic growth over acquisitions. "For us, when we look at our growth journey and the kind of geographies that we can enter, and at the cost at which we can enter through the organic route, we feel that it's a more prudent strategy for us. The second point is that the cement industry has very large entrenched players, with very strong balance sheets, with low to no debt and cash. So, if any one of them wants to acquire anything, they can out-muscle JSW Cement very easily. Right now, we don't have the 'aukad', I would say, to challenge them in any acquisition," said Jindal.
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Business Standard
29-07-2025
- Business
- Business Standard
NSE Q1FY26 results: Consolidated net profit jumps 14% to ₹ 2,924 crore
Despite a dip in revenue from operations, NSE's net profit rises by 14% to Rs 2,924 crore; retail shareholders grow ahead of expected IPO launch BS Reporter Mumbai National Stock Exchange of India (NSE) reported a consolidated net profit of Rs 2,924 crore in the first quarter of FY26, up by 14 per cent from Rs 2,567 crore in the corresponding quarter a year ago. The exchange's revenue from operations declined to Rs 4,032.24 crore in the quarter ending June, compared with Rs 4,509.7 crore a year ago. Revenue from transaction charges, which account for nearly two-thirds of the total income, declined by 14 per cent year-on-year in the June-ending quarter. However, on a sequential basis, it grew by 7 per cent to Rs 3,150 crore, driven by a surge in volumes across the cash market and derivatives segment. On a standalone basis, the options segment accounted for 76 per cent of the total transaction charges, followed by cash and futures at 13 per cent and 11 per cent, respectively. Further, in Q1 FY26, NSE's contribution to the exchequer was Rs 14,331 crore, including Rs 12,338 crore of securities and commodities transaction tax (STT/CTT) and stamp duty of Rs 875 crore. In the STT/CTT contribution, 46 per cent came from the equity derivatives segment, while 54 per cent was from the cash market segment. As anticipation for the exchange's initial public offering (IPO) grows, the total number of retail shareholders of NSE surged to 1.46 lakh as of June 2025. NSE had filed two separate settlement applications with Sebi on June 20, 2025, in the colocation and dark fibre matters. A response from Sebi on these applications is awaited. This settlement will play a key role in the fast processing of the IPO.
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Business Standard
09-07-2025
- Business
- Business Standard
BSE's capital market offerings: Key business verticals across value chain
A look at the exchange's key business verticals across the value chain BS Reporter Listen to This Article ICCL: The Indian Clearing Corporation Limited (ICCL) serves as a central counterparty for trades on BSE and other exchanges, guaranteeing settlement and managing counterparty risk across equity, derivatives and debt markets. ICCL enhances risk management and business continuity through interoperability for trades across Indian exchanges. Over the past 2.5 years, ICCL has significantly invested in capacity and resilience to support the evolving capital market, steadily increasing its market share. AIPL: Indices are vital benchmarks for investors, fund managers, and institutions to assess performance and guide decisions, especially for passive investing. BSE acquired full ownership of Asia Index Private Limited (AIPL)
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Business Standard
09-07-2025
- Business
- Business Standard
Milestones of a market: BSE's journey from small traders to trading giant
A pictorial journey of the BSE: From a small association of stock traders to a mighty trading platform BS Reporter Listen to This Article A pictorial journey of the BSE: From a small association of stock traders to a mighty trading platform The old BSE building, known as the Phiroze Jeejeebhoy Towers, was reconstructed in the 1970s to accommodate the exchange's growth Premchand Roychand, a dominant figure in early speculative trading, was a driving force behind the eventual establishment of the Bombay Stock Exchange Stock traders pose to be clicked at the inauguration of BSE's first building on January 19, 1899, on Dalal Street In the exchange's early years, brokers used a secret hand language, concealed
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Business Standard
30-06-2025
- Business
- Business Standard
Art and science of central banking: RBI governors since 1991 reforms
While the liberalisation led to higher economic growth, it didn't leave the subsequent governors without any challenges BS Reporter Listen to This Article The Reserve Bank of India has seen nine governors since the balance of payments crisis of 1991, which eventually led to the opening up of the Indian economy. While the liberalisation led to higher economic growth, it didn't leave the subsequent governors without any challenges. From the Asian crisis to the global financial crisis to the once-in-a-century pandemic followed by geopolitical tensions, the challenges of the post-economic liberalisation era kept governors busy. They ensured that the impact of these external events had minimal impact on the Indian financial system while maintaining the independence and integrity of the central bank. There
