Hexafin Blog | Banking Insights, Business Loans & Financial Advisory
SJ Logistics IPO Subscription Surpasses Expectations with 107.34 Times Oversubscription
In a remarkable turn of events, the SJ Logistics IPO has witnessed an exceptional response from investors, with a subscription rate exceeding 107 times on day 3. The surge is attributed to the active participation of retail investors and non-institutional buyers, subscribing 164.99 and 99.60 times, respectively. SJ Logistics IPO Details: Scheduled for subscription from…
Corning Invests Rs 1,000 Crore in State-of-the-Art Gorilla Glass Facility in Tamil Nadu
Corning Inc., a prominent American Gorilla Glass maker and a key supplier to Apple, is poised to make a significant mark in India with its plan to establish a cutting-edge manufacturing facility in Tamil Nadu. As reported by The Economic Times (ET), the Rs 1,000 crore investment is set to create a state-of-the-art Gorilla Glass…
IATA Elevates Aviation Industry Insights with Enhanced
In a significant move, the International Air Transport Association (IATA) has amplified the capabilities of its Global Aviation Data Management (GADM) program. This strategic enhancement aims to empower stakeholders with precise insights for making informed decisions, specifically targeting improvements in safety, operational efficiency, and sustainability within the aviation sector. GADM, drawing data from diverse channels…
Delhi High Court’s Rule on Reopening Tax Cases Under ₹50 Lakh: What You Need to Know
In a significant ruling, the Delhi High Court has provided clarity on the limitation period for reopening income tax assessments. According to the bench of Justice Rajiv Shakdher and Justice Girish Kathpalia, the extended 10-year period for reopening assessments applies only when the alleged concealed income exceeds ₹50 lakh. The court emphasized that in “normal…
Fact Check | India’s Economy Surpasses $4 Trillion Mark, Unverified Reports Spark Celebration
In a surprising turn of events, speculation has arisen that India’s economy has breached the $4 trillion mark, eliciting widespread celebration from prominent figures such as billionaire Gautam Adani, Union Ministers, and Maharashtra Deputy Chief Minister Devendra Fadnavis. However, it’s essential to note that no official confirmation has been provided by the finance ministry or…
Bank Holidays in November 2023: Complete List and Important Dates
Bank holidays in November 2023: The Reserve Bank of India has released the complete list of bank holidays for November 2023. During this month, there will be numerous bank holidays, with a total of 15 days, which include weekends. However, the specific holidays may vary depending on your region. The highly anticipated festival of Diwali…
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