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.

Indian Overseas Bank reported a 26.60% rise in net profit for Q1 FY25, reaching Rs 633 crore. Total income grew by 21.54%, driven by increased interest and non-interest income. The bank also saw...

CapitaLand India Trust (CLINT) has completed the acquisition of a 0.82 million sq ft office building in Navi Mumbai for Rs 676 crore. The building is fully leased to reputed Indian and...

Economic Survey 2023-24 highlights the rise of retail investor participation in derivatives trading, linking it to 'gambling instincts' and warning of potential risks. The survey emphasizes the...

India's Economic Survey highlights the private sector's role in unhealthy habits impacting public health and productivity, urging businesses to prioritize employee well-being and sustainable...

RBI Deputy Governor flags risks of relying on single vendors for services, citing Microsoft outage. He also warns about lack of customer redressal mechanisms among lending service providers.

Indian Overseas Bank reported a 26.60% rise in net profit for Q1 FY25, reaching Rs 633 crore. Total income grew by 21.54%, driven by increased interest and non-interest income. The bank also saw...

India's Economic Survey 2023-24 suggests governments should relinquish some powers to improve governance, promote economic growth, and enhance public well-being.

CapitaLand India Trust (CLINT) has completed the acquisition of a 0.82 million sq ft office building in Navi Mumbai for Rs 676 crore. The building is fully leased to reputed Indian and...

Economic Survey 2023-24 highlights the rise of retail investor participation in derivatives trading, linking it to 'gambling instincts' and warning of potential risks. The survey emphasizes the...

Arunachal Pradesh government is considering terminating agreements with power developers who haven't fulfilled their commitments, with 53 MoAs already terminated. The state has a massive hydropower...