Sobha Ltd is launching a rights issue on Friday to raise up to Rs 2,000 crore to reduce debt, purchase land, and fund construction projects. The issue will close on July 4.

Sobha Ltd plans to raise Rs 2,000 crore through a rights issue in FY25 and increase its equity capital to Rs 10,000 crore over the next five years to fuel expansion.

Maldives will pay for imports from India and China in their respective local currencies, saving millions in USD costs. This move signifies a shift away from US dollar dominance in international trade.

Sobha Group, known for luxury projects, is expanding into Mumbai's luxury housing market with a goal of Rs 30,000 crore annual sales in the next 4-5 years. The company is aiming to replicate its...

Novelis, a subsidiary of Hindalco Industries, has filed for an IPO in the US. The aluminum solutions provider plans to list its shares on the New York Stock Exchange.

Indian stock markets closed lower on Monday due to muted earnings and caution ahead of the Union Budget. Reliance Industries and Kotak Bank led the decline.

Gold prices in India rose by Rs 100 to Rs 75,650 per 10 grams on Monday, driven by increased buying from jewellers and a firm trend in global markets. Silver prices, however, plunged by Rs 600.

CII official highlights the Economic Survey's positive outlook on India's growth model, emphasizing the crucial role of MSMEs and microfinance in driving progress.

Sensex and Nifty fell on Monday ahead of the Budget, with Reliance Industries and Kotak Mahindra Bank leading the decline. Global market weakness also weighed on sentiment.

India's Economic Survey projects growth of 6.5-7% in FY25, driven by strong macroeconomic fundamentals and a robust real estate sector. CBRE highlights the key indicators driving this growth.

Indian stock markets closed lower on Monday due to muted earnings and caution ahead of the Union Budget. Reliance Industries and Kotak Bank led the decline.

India's trade deficit is expected to decline further due to PLI schemes, increased exports, and free trade agreements. Economic Survey highlights challenges and opportunities for India's external...

Shakti Pumps reports a significant jump in Q1 net profit to Rs 93 crore, driven by increased revenue and a strong order book. The company's revenue from operations rose four-fold during the quarter.

India's e-commerce growth faces hurdles from data privacy concerns and rising online fraud, highlighting the need for user education and strong cybersecurity measures, according to the Economic...

Chief Economic Advisor V Anantha Nageswaran says Indian households are investing more in financial assets, boosting their savings and contributing to market growth.