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.

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.

The Indian rupee gained 3 paise to close at 83.67 against the US dollar on Monday as crude oil prices and the US dollar retreated from their elevated levels.

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

Reliance Industries shares fell over 3% on Monday after the company reported a 5% drop in its June quarter net profit. The company's market valuation also took a hit, declining by Rs 73,470 crore.

India's economy is projected to grow 6.5-7% in FY25, according to the Economic Survey. CEA Nageswaran highlights factors like monsoon, private investment, and inflation.

Economic Survey highlights the irony of developed nations pushing for emission reductions while their own AI advancements drive energy demand. Read about the impact on developing countries.

India's DGCA forms working groups to study eVTOL operations and develop regulations for electric air taxis. The move comes in line with global advancements in air mobility.