Here is a collection of the most important stories this evening:
NSDL files DRHP with SEBI for IPO; NSE, SBI to offload stake
National Securities Depository Limited (NSDL), the country’s oldest depository services firm, has initiated its much-awaited public offering process by filing the draft red herring prospectus with the market regulator. Read more.
RIL sets July 20 as record date for Reliance Strategic Investments demerger
Reliance Industries (RIL) has fixed July 20 as the record date for the purpose of determining the equity shareholders who are entitled to receive shares of Reliance Strategic Investments. Details here.
IPO-bound Yatharth Hospital mops up Rs 120 crore via private placement
Yatharth Hospital & Trauma Care Services has raised Rs 120 crore from five investors in a pre-IPO placement round, reducing the fresh issue size of the upcoming initial public offering. The Noida-based hospital chain offered 40 lakh shares at Rs 300 apiece. Read more.
PM Modi inaugurates projects worth over Rs 24,300 crore in Rajasthan's Bikaner
Modi dedicated to people a six-lane greenfield expressway section of the Amritsar-Jamnagar Economic Corridor, the first phase of the Inter-State Transmission Line for Green Energy Corridor, a Bikaner-to-Bhiwadi transmission line and a 30-bed Employees' State Insurance Corporation (ESIC) hospital. Details here.
Delhi High Court turns down PepsiCo's appeal against revocation of potato patent
An Indian court rejected PepsiCo Inc's appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company's popular Lay's potato chips. Read more.
Railways to cut fares by 25% in AC chair cars, executive classes on low-occupancy routes
The Ministry of Railways on July 8 announced that it would be slashing fares by up to 25 percent in air-conditioned chair cars and executives classes of trains with low occupancy. Read more.
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