UPL Ltd will file a DRHP shortly for raising up to USD 500 million via a Rights Issue. The company has already secured board approval and plans to launch the issue by early Q3 FY24.

UPL Ltd reported a 95% decline in net profit to Rs 40 crore in Q4 FY24, with revenue falling 15% to Rs 14,078 crore. The company attributed the drop to lower prices in the post-patent market.

Shriram Finance will replace UPL in the Nifty 50 index effective March 28, 2024. Other changes include additions and removals in Nifty Next 50, Nifty 100, and sectoral indices.

Moody's Investors Service has downgraded UPL's credit rating to Ba1 and maintained a negative outlook due to a deterioration in the agrochemical industry.

UPL, a sustainable agriculture solutions provider, reported a consolidated net loss of Rs 1,217 crore in Q3 FY24, impacted by destocking and price competition.

HDFC Bank shares climbed over 2% on Monday, boosted by a 33.17% rise in consolidated net profit for the June 2024 quarter. The bank's market capitalization jumped by Rs 25,639 crore.

The Indian government has issued guidelines for a Rs 4,950 crore incentive to discoms under the PM-Surya Ghar: Muft Bijli Yojana, aimed at boosting rooftop solar installations.

The Economic Survey highlights the crucial role of tax policies in addressing income inequality, particularly in light of AI's impact on employment. Learn more about the government's approach to...

India's Real Estate (Regulation & Development) Act, 2016 (RERA) has successfully resolved nearly 1.25 lakh consumer complaints against developers, promoting transparency and consumer protection in...

Mental health issues are a growing concern in India. Experts highlight the need for increased accessibility, awareness, and support systems to address this unaddressed health crisis.

HDFC Bank shares climbed over 2% on Monday, boosted by a 33.17% rise in consolidated net profit for the June 2024 quarter. The bank's market capitalization jumped by Rs 25,639 crore.

The Indian government has issued guidelines for a Rs 4,950 crore incentive to discoms under the PM-Surya Ghar: Muft Bijli Yojana, aimed at boosting rooftop solar installations.

India's civil aviation ministry has placed 51 passengers on the no-fly list for unruly behavior in 2023. Learn more about the no-fly list and airline operating costs.

India's Economic Survey forecasts 6.5-7% GDP growth, highlights job creation, Chinese investment, and inflation concerns.

The Economic Survey highlights the crucial role of tax policies in addressing income inequality, particularly in light of AI's impact on employment. Learn more about the government's approach to...