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.

Tamara Leisure Experiences launches Lilac Hotels in Kumbakonam, Tamil Nadu, expanding its mid-segment portfolio. The new hotel offers 27 executive rooms, 13 premium rooms, 4 elite rooms and one suite.

The Directorate General of Mines Safety (DGMS) is emphasizing safety regulations for new coal mine operators as more commercial mines are auctioned in India. Coal India is also diversifying into...

Cholamandalam MS General Insurance reports strong Q1 FY24 performance with a Gross Written Premium (GWP) of Rs 1,945 crore, a 14.3% growth over the previous year.

India aims to achieve a USD 30 trillion economy with USD 18,000 per capita income by 2047, according to NITI Aayog's 'Vision for Viksit Bharat @ 2047' paper. The document outlines key challenges...

A study reveals pilot fatigue is linked to consecutive night flights, long duty hours, and roster instability. Safety Matters Foundation highlights concerns and calls for improved regulations.

Tamara Leisure Experiences launches Lilac Hotels in Kumbakonam, Tamil Nadu, expanding its mid-segment portfolio. The new hotel offers 27 executive rooms, 13 premium rooms, 4 elite rooms and one suite.

The Directorate General of Mines Safety (DGMS) is emphasizing safety regulations for new coal mine operators as more commercial mines are auctioned in India. Coal India is also diversifying into...

Cholamandalam MS General Insurance reports strong Q1 FY24 performance with a Gross Written Premium (GWP) of Rs 1,945 crore, a 14.3% growth over the previous year.

Colgate-Palmolive (India) Ltd has received a Rs 248.74 crore tax demand notice from the Income Tax Authority for transfer pricing-related issues. The company plans to challenge the order.

Italy and China have signed a 3-year action plan to strengthen economic ties. Italian PM Meloni's visit aims to reset relations amid trade tensions with the EU.