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.

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...

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

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.

Copper futures declined on Monday due to muted demand in the domestic market. Analysts attribute the drop to speculators reducing their positions.

India's GDP is projected to grow at 6.5-7% in 2024-25, according to the Economic Survey 2023-24. The forecast takes into account global challenges and domestic growth drivers.

Crude oil futures edged down on Monday due to weak demand, falling by 0.03% to Rs 6,610 per barrel on the Multi Commodity Exchange. Global oil prices, however, saw gains.