IDFC First Bank raised Rs 3,200 crore by selling shares to six insurance companies, including LIC and HDFC Life. The bank allotted more than 39.68 crore shares for Rs 80.63 per scrip.

India's FMCG sector is projected to grow 7-9% in 2024, driven by government initiatives and digital transformation, according to a report. The sector faces challenges, but its resilience and...

The National Health Claim Exchange (NHCX), a digital platform for faster health insurance claims processing, is set to launch in the next 2-3 months. The platform aims to enhance efficiency and...

Bharti Enterprises sold 0.8% stake in ICICI Lombard for Rs 663 crore, reducing its holding to 1.63%. ICICI Bank increased its stake to 51.7% after buying 0.4% stake.

ICICI Bank has acquired 25.14 lakh shares of ICICI Lombard General Insurance, making it a subsidiary. The move follows the bank's plan to increase its holding in the insurance company.

India's Economic Survey highlights the need for increased private sector financing and resource mobilization to build quality infrastructure, emphasizing the role of both central and state...

Fineotex Chemical Ltd raised Rs 342.55 crore through the issuance of equity shares and warrants on a preferential basis. The company will use the funds for organic and inorganic growth.

Zydus Lifesciences secures Mexican regulatory approval for Bhava, a biosimilar cancer treatment, expanding its reach to Latin America. The drug is used for various cancers, including colorectal and...

JSW Neo Energy has secured a contract to develop a 500 MW solar project with energy storage systems from SECI. The project will be located in India and is part of the company's ambitious goal to...

Wipro shares plummeted nearly 9% on Monday after the IT major announced flat sequential growth guidance for the upcoming quarter. The company reported a 4.6% YoY rise in net profit but saw a...

India's Economic Survey highlights the need for increased private sector financing and resource mobilization to build quality infrastructure, emphasizing the role of both central and state...

India's Production Linked Incentive (PLI) scheme for the auto sector has attracted investment proposals worth Rs 67,690 crore, as per the Economic Survey 2023-24. The scheme aims to boost domestic...

Zinc futures on the Multi Commodity Exchange fell 0.42% to Rs 257.80 per kg due to reduced speculation and weak demand from consuming industries.

Economic Survey suggests increased FDI from China can help India enhance its global supply chain participation and export growth, mimicking East Asian strategies. Learn more.

Aluminium prices fell on the Multi Commodity Exchange (MCX) due to lower demand from consuming industries. The August contract dropped by Rs 1.65 to Rs 218.55 per kg.