Search result for 'acquisition'

M&As: Govt Notifies Deal Threshold Under Competition Law

September 9, 2024 19:17

India's government has notified new regulations for mergers & acquisitions (M&As) under competition law, requiring companies to seek CCI approval for deals exceeding Rs 2,000 crore...

GMR Airports Acquires Fraport's Stake in Delhi Airport for $126 Million

September 9, 2024 18:07

GMR Airports Infrastructure Ltd (GIL) will acquire Fraport AG's 10% stake in Delhi International Airport Ltd (DIAL) for USD 126 million, increasing its stake to 74%.

Cement Industry Consolidation: Report Predicts Further Growth

September 9, 2024 18:01

Indian cement industry expected to see further consolidation in the near-to-medium term, driven by aggressive capacity expansion and increased competition. Report highlights growth in demand and...

Raft Cosmic EV to Invest Rs 50cr in Bengal EV Plant

September 9, 2024 17:48

Raft Cosmic EV, a subsidiary of Cosmic Birla Group, plans to invest Rs 50 crore in a new electric scooter manufacturing plant in West Bengal, aiming for an annual capacity of 12,000 units. The...

Maruti Suzuki: Local Electronics Ecosystem Crucial for Automotive Industry

September 9, 2024 14:14

Maruti Suzuki CEO stresses the need for a robust local electronics ecosystem in India to reduce reliance on imports, drive affordability, and enhance competitiveness in the automotive sector.

Arkade Developers IPO Opens Sep 16: Rs 410 Crore

September 8, 2024 16:41

Arkade Developers, a Mumbai-based real estate developer, is set to launch its Rs 410 crore IPO on September 16. The IPO will conclude on September 19, with anchor investor bidding opening on...

Adani Establishes China Subsidiary for Project Management

September 8, 2024 13:11

Adani Group forms a subsidiary in China, Adani Energy Resources (Shanghai) Co., to offer supply chain and project management services. This follows the group's recent expansion into Kenya with a...

Prozeal & Golyan JV for Solar Projects in Nepal - 500 MW Target

September 6, 2024 15:03

Prozeal Green Energy and Golyan Power have partnered to build over 500 MW of solar projects in Nepal, aiming to contribute to a cleaner energy future. The joint venture will develop both rooftop...

Ultra Media & Entertainment Invests Rs 500 Cr, Launches 2 OTT Platforms

September 5, 2024 20:40

Ultra Media & Entertainment Group announces Rs 500 crore investment to launch two new OTT platforms, Ultra Play and Ultra Gaane, focusing on Hindi film classics and music. The investment also...

Digital Agriculture Mission Criticized: AIKS Fears Corporatization

September 5, 2024 20:30

The All India Kisan Sabha (AIKS) criticizes the Digital Agriculture Mission, fearing it will lead to corporatization of agriculture. AIKS demands increased public investment in the sector.

SAIL to Participate in Critical Mineral Mission: Chairman

September 5, 2024 13:10

SAIL, India's largest steel maker, is open to joining the Critical Mineral Mission, aiming to secure domestic and foreign sources of critical minerals for clean energy technologies. The mission...

Biden to Block Nippon Steel's US Steel Acquisition

September 5, 2024 01:01

The White House is expected to block Nippon Steel's acquisition of US Steel, citing concerns about national security and job losses. The decision comes after Biden voiced his objections and the...

Vedanta's Display Glass Biz to Grow 10x with AvanStrate Inc

September 4, 2024 20:46

Vedanta Limited's display glass business is set to grow 10-fold after consolidating its holding in AvanStrate Inc. to 98%. The acquisition will drive innovation and expansion in high-tech display...

CapitaLand Investment Aims to Double India Fund by 2028

September 4, 2024 16:26

CapitaLand Investment aims to double its fund under management (FUM) in India to Rs 46,000 crore by 2028, with plans to expand IT parks, logistics, and enter renewable energy.

DAM Capital IPO: Sebi Filing, OFS of 3.2 Crore Shares

September 4, 2024 12:32

DAM Capital Advisors files IPO papers with Sebi for an OFS of 3.2 crore shares. The IPO will see selling shareholders like Dharmesh Anil Mehta and Multiples Alternate Asset Management.

CCI Approves Canadian Pension Fund's Investment in Highway Infrastructure Trust

September 3, 2024 21:17

India's Competition Commission of India (CCI) has approved the Ontario Teachers' Pension Plan Board's acquisition of additional unitholding in Highway Infrastructure Trust and Citrine Inclusion's...

General Atlantic Acquires Actis Holdings: CCI Approves Deal

September 3, 2024 20:30

General Atlantic, a US-based private equity firm, has received approval from the Competition Commission of India (CCI) to acquire Actis Holdings, a sustainable infrastructure investor. The deal...

Arunachal Pradesh Reviews 13 Hydropower Projects

September 3, 2024 18:38

Arunachal Pradesh Chief Minister reviews the status of 13 hydropower projects allotted to CPSUs, focusing on land acquisition, clearances, and ensuring swift project progress.

Deccan Gold Mines Targets Full-Scale Production at Jonnagiri Gold Project

September 3, 2024 17:27

Deccan Gold Mines aims to achieve full-scale production at its Jonnagiri Gold Project in Andhra Pradesh by the end of the current financial year. The project, owned by Geomysore Services India Ltd,...

Blackstone Invests Rs 700 Cr to Redevelop CWC Warehouses

September 2, 2024 18:53

Blackstone's Horizon Industrial Parks will invest Rs 700 crore to redevelop CWC warehouses in 13 locations, creating modern Grade-A facilities for e-commerce, retail, and logistics.

Sterlite Power Acquires Khavda IV C Power Transmission

September 2, 2024 13:56

Sterlite Power acquires Khavda IV C Power Transmission Ltd, an SPV for evacuating renewable energy from Khavda RE park, to develop the transmission system for evacuating power from the potential...

Godrej Properties Wins Gurugram Plots: Rs 3400 Cr Revenue

September 2, 2024 08:44

Godrej Properties secures two Gurugram plots for luxury housing, boosting its Delhi-NCR portfolio. The development is expected to generate over Rs 3,400 crore in revenue.

Reliance Capital Lenders Accuse IIHL of Delaying Tactics

September 1, 2024 16:09

Lenders to Reliance Capital allege that IIHL is delaying the implementation of the resolution plan, citing a required DIPP approval. The NCLT has directed the RBI and DIPP to expedite the process.

Raymond Sees Business Surge After Bangladesh Crisis

September 1, 2024 11:44

Raymond, a leading textiles and apparel company, has received numerous inquiries from global firms following the crisis in Bangladesh, aiming to capitalize on the opportunity. The company...

PVR INOX to Close Screens, Monetize Assets: FY25 Plans

September 1, 2024 10:40

PVR INOX plans to close 70 non-performing screens in FY25, focusing on profitable growth. The company also plans to monetize real estate assets in key locations.

BLS International Acquires Stake in SLW Media

August 31, 2024 16:38

BLS International has acquired a 51% stake in sports management company SLW Media for Rs 80.24 lakh, aiming to integrate golf events with its visa and travel services globally.

Emami Acquires Remaining Stake in The Man Company

August 31, 2024 11:38

Emami completes acquisition of Helios Lifestyle, owner of 'The Man Company', strengthening its presence in the premium male grooming market. The acquisition marks Emami's full ownership of the...

India-US Defence Summit: Enhancing Innovation at Stanford

August 31, 2024 04:46

The third INDUS-X Summit will be held at Stanford University, bringing together top defence leaders from India and the US to discuss cross-border defence innovation and investment opportunities.

Sebi Approves IIHL's Acquisition of Invesco PMS Business

August 30, 2024 17:19

Sebi has approved IndusInd International Holdings (IIHL)'s acquisition of Invesco AMC's portfolio management services business. The transaction is expected to be completed soon, pending one final...

Adani Ports Acquires 80% Stake in Astro Offshore for USD 185 Million

August 30, 2024 16:53

Adani Ports and Special Economic Zone Ltd (APSEZ) acquires 80% stake in Astro Offshore for USD 185 million, expanding its global marine portfolio and adding new Tier-1 customers.

Max Estates Raises Rs 800 Cr via QIP for Growth

August 30, 2024 15:17

Max Estates, a leading Delhi-NCR real estate developer, announced a Qualified Institutional Placement (QIP) to raise Rs 800 crore for business expansion, including land acquisition.

Birla Fertility & IVF to Invest Rs 500 Cr in Expansion

August 29, 2024 15:20

CK Birla group's Birla Fertility & IVF plans to invest Rs 500 crore over the next 2-3 years to expand its presence in India, aiming for a larger share of the IVF market. They plan to open 10-12 new...

Kerala's New Industrial City: Rs 10,000 Crore Investment, 55,000 Jobs

August 29, 2024 14:35

Kerala's industrial landscape to transform with new Palakkad city, attracting Rs 10,000 crore investment and creating 55,000 jobs. Part of the Kochi-Bengaluru Hi-Tech Industrial Corridor.

Macrotech Developers Acquires Opexefi, One Box for Rs 100 Cr

August 29, 2024 14:33

Macrotech Developers has acquired Opexefi Services and One Box Warehouse for nearly Rs 100 crore, boosting its industrial & warehousing park development business. The acquisition is part of the...

Generation Investment Mgmt Acquires Stake in Continuum Green: CCI Approval

August 28, 2024 22:25

Generation Investment Management (GIM) has received CCI approval to acquire a stake in Continuum Green Energy, a renewable energy company. GIM, a sustainable investing firm founded by Al Gore, will...

Tata Steel Acquires $280 Million in Singapore Arm TSHP

August 28, 2024 18:43

Tata Steel has acquired 178 crore equity shares in its Singapore arm TSHP for USD 280 million, taking total investment to USD 1,337 million. The acquisition makes TSHP a wholly-owned subsidiary.

Tanishq & De Beers Partner for Indian Diamond Market

August 28, 2024 17:53

Tanishq and De Beers Group have entered into a long-term strategic collaboration to tap the fast-growing Indian diamond market, capitalizing on Tanishq's market knowledge and De Beers' diamond...

ITC Hotels Expands in Madhya Pradesh with Welcomhotel in Mandu

August 28, 2024 17:51

ITC Hotels has signed a management agreement for a 94-key Welcomhotel property in Mandu, Madhya Pradesh, adding to its presence in the state. The hotel is located in a historic 'sarai' dating back...

Rs 4,136 Cr for 15 GW Hydropower Projects in Northeast India

August 28, 2024 16:10

India's Cabinet approves Rs 4,136 crore for 15 GW hydropower projects in the northeast, aiming to boost regional development and renewable energy.

HUL Faces Rs 963 Cr Income Tax Demand: Appeal Planned

August 28, 2024 13:39

Hindustan Unilever (HUL) received a Rs 963 crore Income Tax demand for non-deduction of TDS on the acquisition of Horlicks and other brands from GlaxoSmithKline. HUL plans to appeal the order.

Emami Targets Double-Digit Growth in FY25, Explores Acquisitions

August 28, 2024 12:31

Emami aims for double-digit growth in FY25, exploring inorganic opportunities to enter new product categories. The company is optimistic about future growth, driven by a favorable economic...

Zappfresh Files for IPO on BSE SME: D2C Meat Delivery Startup Aims for Growth

August 28, 2024 11:09

Zappfresh, a direct-to-consumer (D2C) meat delivery startup, has filed draft papers with SEBI to list on the BSE SME platform. The IPO will raise funds for growth initiatives, including...

Orient Technologies Shares Surge 41% on Debut

August 28, 2024 11:03

Orient Technologies shares debuted on the BSE and NSE with a premium of nearly 41% against the issue price. The company's IPO was oversubscribed 151 times.

Samsung Aims to Lead Premium Washing Machine Market

August 27, 2024 18:22

Samsung launches new AI-powered washing machines, aiming to dominate the premium segment. The new lineup features larger drums, reduced wash times, and energy-saving features.

CDSL, Citibank Settle Sebi Cases: Regulatory Violations

August 27, 2024 18:19

CDSL and Citibank N.A. have settled regulatory violation cases with Sebi after paying settlement charges. The cases involved alleged violations of operational framework for defaulted debt...

TAC Infosec Acquires US Cybersecurity Firm Cyber Sandia

August 27, 2024 17:15

TAC Infosec, a cybersecurity vulnerability management firm, has acquired US-based Cyber Sandia, expanding its presence in the US market and bolstering its capabilities in providing comprehensive...

NeoLiv & Royal Green Realty Partner for 20-acre Haryana Project

August 27, 2024 11:17

NeoLiv enters North India with a 20-acre housing project in Kundli-Sonipat, Haryana, in partnership with Royal Green Realty. The project will feature premium villas, independent floors and...

UltraTech Raises USD 500 Million for Sustainability Goals

August 26, 2024 20:38

UltraTech Cement secures USD 500 million sustainability-linked loan from six banks to fund ESG goals and achieve carbon neutrality by 2050.

Medi Assist Acquires Paramount Health for Rs 312 cr

August 26, 2024 19:56

Medi Assist Healthcare Services acquires Paramount Health Services & Insurance TPA for Rs 311.8 crore, expanding its market share in the TPA space.

Naredco Urges Centre to Aid Stalled UP Housing Projects

August 26, 2024 18:54

Naredco's UP chapter seeks Centre's intervention to complete stalled housing projects, requesting relief measures including land dues rescheduling and project completion extensions.

InterGlobe's Miiro Hotels Expand in Europe: Paris, Barcelona & More

August 26, 2024 16:28

InterGlobe Enterprises, owner of IndiGo airline, launches boutique lifestyle hotel brand Miiro in Paris and Barcelona, with plans to expand across Europe.

Patel Retail, Garuda Construction IPOs Get Sebi Approval

August 26, 2024 14:13

Supermarket chain Patel Retail and Garuda Construction have received Sebi's nod to launch their initial public offerings (IPOs). The IPOs are expected to raise a combined amount of Rs 250 crore to...

Reliance Capital Debt: Lenders Raise Concerns Over IIHL Term Sheet

August 25, 2024 17:43

Lenders to Reliance Capital express concerns over the term sheet provided by IIHL for Rs 7,300 crore debt to fund the acquisition of the debt-ridden company.

Infosys Acquisitions: CEO Says More 'In-Tech' Scale Deals Possible

August 25, 2024 15:01

Infosys CEO Salil Parekh discusses the company's acquisition strategy, highlighting plans for more deals in data analytics, SaaS, and potential expansion in Europe and the US.

Zydus Lifesciences Acquires Stake in Sterling Biotech

August 24, 2024 12:38

Zydus Lifesciences acquires 50% stake in Sterling Biotech from Perfect Day, creating a joint venture to manufacture animal-free protein products.

Orient Technologies IPO Oversubscribed 151.71 Times

August 23, 2024 21:23

Orient Technologies' IPO received an overwhelming response, subscribed 151.71 times on the final day. The ₹215 crore issue saw strong interest from all investor categories.

Om Logistics Acquires ICD in Haryana for Rs 110 Cr

August 23, 2024 21:23

Om Logistics expands its pan-India operations with the acquisition of Inland Container Depot (ICD) in Bawal, Haryana for Rs 110 crore. The strategic location and multimodal connectivity will...

Eco Hotels Expands with 3 New Properties, Targets 500 Rooms

August 23, 2024 14:59

Eco Hotels & Resorts announces plans to acquire 3 properties in Sindhudurg, Maharashtra, aiming for 500 rooms by year-end, expanding its presence in India's growing tourism sector.

IGI Files Rs 4,000 Cr IPO: Blackstone-owned Diamond Grader Aims for Growth

August 23, 2024 12:07

International Gemmological Institute (IGI), a Blackstone-owned diamond grading firm, has filed for a Rs 4,000 crore IPO. The IPO includes a fresh issue and OFS by promoter BCP Asia II TopCo Pte...

Adani Power Acquires Lanco Amarkantak Power for Rs 4,101 Cr

August 22, 2024 20:51

Adani Power has received NCLT approval to acquire Lanco Amarkantak Power Ltd (LAPL) for Rs 4,101 crore. The acquisition will add 600 MW of thermal power capacity to Adani Power's portfolio.

Adani to Sell 3% in Ambuja Cement for $500 Mn

August 22, 2024 20:28

Adani group promoters to sell 3% stake in Ambuja Cement for $500 mn as part of holdings adjustment. The move aims to maintain desired stake levels across the conglomerate and provide strategic...

Orient Technologies IPO Over-Subscribed 16.95 Times on Day 2

August 22, 2024 18:34

Orient Technologies's IPO received 16.95 times subscription on the second day, with strong interest from retail and institutional investors. The IPO closes on Friday.

Indian Cement Makers Invest Rs 1.25 Lakh Cr to Meet Demand

August 22, 2024 16:59

Indian cement companies to invest Rs 1.25 lakh crore in next two years to meet growing demand, adding 130 million tonnes of grinding capacity.

Warburg Pincus Exits Kalyan Jewellers: Sells 9.17% Stake

August 22, 2024 16:58

Warburg Pincus has fully exited Kalyan Jewellers, selling a 6.81% stake through block deals and the remaining 2.36% to promoter TS Kalyanaraman for Rs 1,300 crore. The transaction is expected to...

Wipro Hydraulics Opens New Rs 250 Cr Manufacturing Facility in Jaipur

August 22, 2024 16:35

Wipro Hydraulics has inaugurated its sixth manufacturing facility in Jaipur, Rajasthan, with an investment of Rs 250 crore, creating 400 jobs. The facility will cater to domestic and international...

Macrotech Developers to Launch Rs 11,980cr Properties Amid Strong Demand

August 22, 2024 15:20

Macrotech Developers, known for its Lodha brand, plans to launch Rs 11,980 crore worth of properties by March 2025, capitalizing on strong housing demand. The company saw a 20% growth in sale...

Paytm Stock Rises After Selling Ticketing Business to Zomato

August 22, 2024 11:38

Paytm's stock price surged after announcing the sale of its entertainment ticketing business to Zomato for Rs 2,048 crore. The move allows Paytm to focus on core payments and financial services.

Orient Technologies IPO Fully Subscribed on Day 1

August 21, 2024 19:49

Orient Technologies's IPO was oversubscribed 6.64 times on Day 1. The Rs 215 crore offer saw strong retail and non-institutional investor demand.

Coal India Acquires Critical Minerals: Lithium, Cobalt

August 21, 2024 17:53

Coal India Ltd (CIL) is actively pursuing acquisition of critical minerals like lithium and cobalt in India and abroad. The company is committed to reducing import dependence and ensuring a...

Central Bank Wins Bid for Future's Insurance Stakes

August 21, 2024 17:21

Central Bank of India has emerged as the successful bidder for Future Enterprises Ltd.'s stake in Future Generali India Life Insurance and Future Generali India Insurance.

ABB Surpasses 10GW in Renewable Energy Solutions for India

August 21, 2024 17:00

ABB has crossed 10GW in delivering renewable energy solutions in India, driven by over 300 projects using its IoT-based PLC solution.

Safex Chemicals Develops Patented Mosquito Repellent: Renofluthrin

August 21, 2024 15:51

Safex Chemicals'' subsidiary Shogun Organics has developed and patented Renofluthrin, an effective mosquito repellent molecule twice as potent as existing solutions, offering extended protection...

Manjushree Technopack Files IPO Papers for Rs 3,000 cr

August 20, 2024 21:31

Advent International-backed Manjushree Technopack aims to raise Rs 3,000 crore through an IPO, including a fresh issue and an offer for sale. The company is a one-stop packaging solutions provider.

IndusInd to Acquire Invesco India Stake: CCI Approval

August 20, 2024 21:21

CCI approves IndusInd International Holdings' acquisition of majority stake in Invesco Asset Management and Invesco Trustee in India. The deal forms a joint venture with IndusInd holding a 60% stake.

CCI Approves Warburg Pincus's Rs 4,630 Crore Shriram Housing Finance Deal

August 20, 2024 20:47

The Competition Commission of India (CCI) has approved Warburg Pincus's acquisition of Shriram Housing Finance for Rs 4,630 crore. The deal will see Warburg Pincus acquire Shriram Finance's housing...

CG Power Acquires G G Tronics for Rs 319 Crore

August 20, 2024 19:48

CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, making GG Tronics a subsidiary of the company.

Alaska Air-Hawaiian Merger Clears DOJ Hurdle - Travel News

August 20, 2024 19:24

Alaska Air's proposed USD 1.9 billion merger with Hawaiian Airlines gets DOJ approval, paving the way for a new airline to compete with major carriers.

Aditya Birla Group Sees Growth in Building Materials Business

August 20, 2024 17:54

Aditya Birla Group expects significant growth in its building materials business driven by India's housing and infrastructure boom. Cement and decorative paints are key segments for the group.

Zappfresh Acquires Bonsaro to Expand Meat Delivery in Mumbai

August 20, 2024 15:34

Zappfresh, an online meat delivery platform, has acquired Mumbai-based Bonsaro to strengthen its presence in West India, aiming for Rs 160 crore revenue in FY 25.

Kalpataru Posts Rs 100.74 Cr Loss Ahead of IPO

August 20, 2024 15:15

Real estate firm Kalpataru Ltd reported a net loss of Rs 100.74 crore in FY24, despite preparing for an IPO to raise Rs 1,590 crore to reduce debt.

Welspun One Builds Logistics Park in Gurugram

August 20, 2024 15:07

Welspun One invests Rs 125 crore to develop a logistics park on the Gurugram-NH8 corridor, creating 1,500 jobs. The project aims to support businesses and contribute to India's economic growth.

India Focuses on Critical Minerals for Green Transition - President Murmu

August 20, 2024 13:27

President Murmu emphasizes the importance of critical minerals like lithium for India's green transition and self-reliance in mineral production. The government plans to launch a Critical Minerals...

Raksha Bandhan Quick Commerce Boom: Blinkit, Zepto, Instamart Hit Record Sales

August 19, 2024 22:12

Quick commerce platforms like Blinkit, Zepto, and Instamart saw a surge in sales during Raksha Bandhan, fueled by convenient deliveries and festive demand.

Power Grid Corp Acquires Rajasthan IV E Power Transmission

August 19, 2024 21:13

Power Grid Corporation of India has acquired Rajasthan IV E Power Transmission Ltd., a project SPV for establishing a new 765 kV substation in Rajasthan. The acquisition, made through a...

Tata Consumer Products Completes Rs 3,000 Crore Rights Issue

August 19, 2024 19:41

Tata Consumer Products Ltd has closed its Rs 3,000 crore rights issue, raising capital for acquisitions in Capital Foods and Organic India.

AMD Acquires ZT Systems for $4.9 Billion to Boost AI Capabilities

August 19, 2024 16:30

AMD is buying server maker ZT Systems for $4.9 billion to strengthen its AI capabilities, challenging Nvidia's dominance. The deal includes a contingent payment of up to $400 million based on...

Xolopak India Files IPO Draft Papers on NSE Emerge

August 19, 2024 16:02

Xolopak India, a sustainable packaging maker, files draft papers for an IPO on NSE Emerge, aiming to raise funds for expansion and new acquisitions. The company boasts significant revenue growth...

Keystone Realtors Targets 32% Sales Growth in FY24

August 19, 2024 14:39

Keystone Realtors, known for its Rustomjee brand, aims for 32% growth in housing sales this fiscal year, reaching Rs 3,000 crore. The company is confident of exceeding this target due to strong...

Adani Group EBITDA Surges 33% in Q1, Leverage at Multi-Year Low

August 19, 2024 13:34

Adani Group reports a 33% surge in EBITDA for the June quarter, driven by strong infrastructure performance and emerging businesses. Leverage reaches a multi-year low.

Macrotech Developers's Net Debt Rises 43.5% in Q1

August 18, 2024 12:51

Macrotech Developers's net debt increased to Rs 4,320 crore in Q1 FY25 due to higher capex for land and construction. The company saw strong sales bookings and a significant jump in net profit.

Orient Technologies IPO Opens Aug 21: Rs 215 cr Issue

August 16, 2024 14:20

Orient Technologies Ltd's Rs 215 crore IPO opens on Aug 21. The IPO comprises a fresh issue and offer for sale. Learn more about the price band, subscription dates, and key details.

Freo Targets 25-30% Revenue Growth, Focuses on Profitability

August 16, 2024 12:50

Digital banking platform Freo aims for 25-30% revenue growth in FY24, prioritizing profitability. The company has been profitable since December 2023 and expects to continue this trend. Freo's...

Ecom Express Files for Rs 2,600 Crore IPO - Sebi

August 16, 2024 10:32

Ecom Express has filed draft papers with Sebi for a Rs 2,600 crore IPO, including a fresh issue and an Offer for Sale (OFS) by promoters. The funds will be used for expanding its logistics network...

Kalpataru Ltd Files IPO to Raise Rs 1,590 Cr - Real Estate News

August 15, 2024 12:27

Realty firm Kalpataru Ltd plans to raise up to Rs 1,590 crore through an IPO to reduce debt. The Mumbai-based company has filed a draft prospectus with SEBI.

HP Enterprise Acquires Juniper Networks: CCI Approves Deal

August 14, 2024 19:59

The Competition Commission of India (CCI) has approved HP Enterprise's acquisition of Juniper Networks, a deal valued at approximately USD 14 billion. The acquisition will see HP Enterprise gain...

UltraTech to Reach 200 MTPA Capacity by FY27: Birla

August 14, 2024 19:58

UltraTech Cement aims to surpass 200 MTPA capacity by FY27 through acquisitions and expansions, as announced by Chairman Kumar Mangalam Birla.

Accenture Acquires Stake in Vodafone Shared Operations: CCI Approval

August 14, 2024 19:24

CCI approves Accenture's acquisition of a stake in Vodafone Shared Operations, a strategic partnership for technology and transformation services.

Tata Steel Acquires 116 Cr Shares in Singapore Arm for USD 182 Million

August 14, 2024 18:07

Tata Steel has acquired 116 crore equity shares in its Singapore-based arm, T Steel Holdings Pte Ltd, for USD 182 million, making it a wholly-owned subsidiary.

Mars to Buy Cheez-It Maker Kellanova for $30 Billion

August 14, 2024 18:04

Mars, known for M&M's and Snickers, is acquiring Kellanova, the owner of Cheez-Its and Pop-Tarts, in a $30 billion deal, expanding its snacking empire. The acquisition will create one of the...

India's Critical Minerals Mission: Financial Incentives & Global Collaboration

August 14, 2024 16:35

India plans to offer financial incentives for critical mineral development, including lithium, and focus on global R&D collaboration and overseas asset acquisition.

ArisInfra Solutions Files for Rs 600 Cr IPO

August 14, 2024 13:01

ArisInfra Solutions, backed by PharmEasy CEO Siddharth Shah, files IPO papers with SEBI to raise Rs 600 crore. The IPO will be a fresh issue of equity shares, with proceeds used for debt payment,...

OYO Reports First Profit: Rs 229 Crore in FY24

August 14, 2024 11:58

OYO, the IPO-bound unicorn, reported its first-ever net profit of Rs 229 crore in FY24, exceeding its earlier estimate. This follows eight consecutive quarters of positive Adjusted EBITDA.

Punjab CM Blames NHAI, Contractors for Highway Delays

August 13, 2024 21:56

Punjab CM Bhagwant Mann blames NHAI and contractors for delays in highway projects, citing land acquisition issues and contractor negligence. He assures commitment to project completion.

Jai Kisan Gets RBI Nod for NBFC Acquisition - Rural Fintech Startup

August 13, 2024 16:52

Jai Kisan, a rural fintech startup, has received RBI approval to acquire a majority stake in NBFC Kushal Finnovation Capital. The acquisition will enable Jai Kisan to offer customized financial...

Samvardhana Motherson Q1 Profit Soars 69.3% to Rs 1,097.18 Cr

August 13, 2024 16:37

Samvardhana Motherson International Ltd reported a 69.3% jump in consolidated net profit to Rs 1,097.18 crore in Q1 FY25, driven by strong revenue growth. Read more.

Happiest Minds Q1 Profit Down 13% to Rs 51 cr | IT News

August 13, 2024 15:34

Happiest Minds Technologies reported a 13% decline in Q1 FY25 profit to Rs 51.03 crore, while revenue grew 18.7% to Rs 463.82 crore. The company attributed the profit decline to non-recurring...

Bharti Global Invests in BT Group: A Vote of Confidence

August 12, 2024 22:09

Bharti Global acquires a significant stake in BT Group, signaling confidence in the British telecom company's future. The investment is expected to create synergies in AI, 5G, and more.

Sonata Finance Merges with BSS Microfinance: Kotak Bank

August 12, 2024 20:55

Kotak Mahindra Bank's subsidiaries, Sonata Finance and BSS Microfinance, have approved a merger. The amalgamation is subject to shareholder, creditor, and regulatory approvals.

JSW Steel Invests USD 120 Million in Australian Firm M Res NSW

August 12, 2024 18:22

JSW Steel has approved a USD 120 million investment in Australian company M Res NSW, acquiring up to 66.67% economic interest. The investment will be made through JSW Steel (Netherlands) B.V. and...

Bharatmala Pariyojana Phase-I Completion by 2027-28: MoRTH

August 12, 2024 17:54

The Modi government's Bharatmala Pariyojana Phase-I, exceeding expenditure limits, is expected to be completed by 2027-28, according to the MoRTH annual report. The project involves 34,800 km of...

Bharti Global Invests in BT Group: 'Great Vote of Confidence'

August 12, 2024 16:43

Bharti Global, the investment arm of Bharti Enterprises, has acquired a 24.5% stake in BT Group, signaling a major investment in the British telecom giant. The deal is seen as a vote of confidence...

Indian Companies Acquire Stakes in British Firms: Bharti, Tata, Mahindra Lead

August 12, 2024 15:59

Indian companies like Bharti, Tata, Mahindra, and Welspun have been actively acquiring stakes in British firms, adding to a growing trend of Indian investment in the UK.

Godrej Properties Acquires 90-Acre Land in Raigad for Plotted Development

August 12, 2024 10:07

Godrej Properties has acquired a 90-acre land parcel in Khalapur, Raigad, Maharashtra, for residential plotted development. The project is expected to have a development potential of around 1.7...

Ola Maps ''Gimmick'': MapmyIndia CEO Slams Ola''s Map Claims

August 11, 2024 18:13

MapmyIndia CEO Rohan Verma criticizes Ola''s claims about developing a navigational map of India, calling it a ''gimmick''. He also questions the quality of Ola Maps, saying it''s ''pathetic''.

Cement Companies Report Volume Growth, Revenue Muted

August 11, 2024 16:20

Leading cement manufacturers saw single-digit volume growth in June quarter, but revenue remained muted due to lower prices. Read about UltraTech, Ambuja, ACC, Shree Cement, Dalmia Bharat.

Hindenburg Accuses SEBI Chief of Adani Ties, She Denies

August 11, 2024 15:32

Hindenburg Research alleges SEBI chief Madhabi Puri Buch had investments in offshore funds linked to Adani Group, while Buch and Adani Group deny the claims.

Rs 15,000 Crore Railway Projects Approved for Odisha

August 10, 2024 23:18

Odisha Chief Minister Mohan Charan Majhi announced the approval of 6 railway projects worth Rs 15,000 crore for the state, highlighting the economic benefits and infrastructure development.

Gadkari Threatens to Cancel Punjab Highway Projects Over Law & Order

August 10, 2024 17:05

Union Minister Nitin Gadkari has warned the Punjab government of terminating eight highway projects due to deteriorating law and order situation, citing recent incidents of violence against project...

Powergrid Appoints Naveen Srivastava as Director of Operations

August 9, 2024 20:01

Powergrid Corporation of India appoints Naveen Srivastava as Director (Operations), bringing over 20 years of experience in O&M, T&C, and SCADA technologies.

UltraTech Cement Open Offer for ICL Starts Sept 19

August 9, 2024 19:42

UltraTech Cement's open offer to acquire 26% stake in India Cements Ltd (ICL) will open on September 19th, offering 8.05 crore shares at Rs 390 each. The offer follows UltraTech's recent...

Godrej Properties Acquires 2 Plots in Greater Noida for Rs 842 Cr

August 9, 2024 15:46

Godrej Properties has secured two plots totaling 17.5 acres in Greater Noida for Rs 842 crore, aiming for a revenue of over Rs 5,000 crore from residential projects.

HCLTech Acquires Zeenea for €24 Million: Expanding Data Analytics Business

August 9, 2024 13:50

HCLTech's HCLSoftware arm is acquiring French software firm Zeenea for €24 million, expanding its data and analytics business offerings. The acquisition is expected to be completed in September...

Banking Laws Amendment Bill: Nominees Per Account Raised to 4

August 9, 2024 10:18

The Indian government will introduce the Banking Laws (Amendment) Bill in Lok Sabha, increasing the number of nominees per bank account to four and revising directorships.

Critical Minerals Drive Modern Economy: Reddy - India's National Critical Mineral Mission

August 8, 2024 18:15

India's Coal and Mines minister emphasizes the importance of critical minerals for the modern economy and the launch of the National Critical Mineral Mission to tap into this global opportunity....

Veerhealth Care Expands: Acquires Land for US & African Market Growth

August 8, 2024 17:59

Veerhealth Care expands its manufacturing capacity with a new land acquisition in Gujarat, aiming to meet growing demand from the US, East & North African markets for oral care products.

Nazara Acquires UK's Fusebox Games for Rs 228 Crore

August 8, 2024 15:47

Nazara Technologies, an Indian gaming company, has acquired UK-based Fusebox Games for Rs 228 crore in an all-cash deal. Fusebox is known for its interactive story game 'Love Island' and is...

Wipro Acquires Columbus Hydraulics, Expands North American Presence

August 8, 2024 15:02

Wipro Infrastructure Engineering strengthens its North American presence with the acquisition of Columbus Hydraulics, a US-based company specializing in custom hydraulic solutions.

Brookfield India REIT Q1 NOI Up 93% to Rs 440 Cr - Distribution Declared

August 8, 2024 15:00

Brookfield India Real Estate Trust reported a 93% jump in net operating income to Rs 439.9 crore in Q1 FY24, declaring a distribution of Rs 216 crore. The company achieved gross leasing of 2,42,000...

Welspun Corp Profit Jumps 47% to Rs 248 Cr, Line Pipe Order Book at Rs 5,710 Cr

August 7, 2024 20:50

Welspun Corp's net profit surged by 47% to Rs 248 crore in Q1 FY25, driven by reduced expenses. The company also reported a strong order book for line pipes and DI pipes.

Critical Mineral Mission: India Aims for Domestic Production && Recycling

August 7, 2024 19:12

India's Mines Ministry is working on the Critical Mineral Mission, focusing on domestic production, recycling, and overseas acquisition of critical minerals for clean energy technologies.

Tata Motors Confident on EV Future, Launches Curvv EV

August 7, 2024 19:04

Tata Motors remains optimistic about the long-term EV market despite recent sales dips. The company launched the Curvv EV, aiming for 1 lakh EV sales this year.

India Retail Market to Reach $1.4 Trillion by 2027: Reliance Report

August 7, 2024 17:20

India's retail market is projected to reach $1.4 trillion by 2027, driven by urbanization, rising incomes, and a growing young population. Reliance Industries highlights the market's potential and...

Microsoft Tops India's Most Attractive Employer Brands - Survey

August 7, 2024 15:51

Microsoft, TCS, and Amazon lead India's most attractive employer brands according to Randstad Employer Brand Research 2024. The survey highlights key factors influencing employee attraction and...

Brookfield Acquires ATC Telecom: CCI Approves Deal

August 6, 2024 21:22

Competition Commission of India approves Brookfield's acquisition of ATC Telecom Infrastructure, a major deal announced earlier this year. CCI also cleared other transactions.

Suzlon Acquires 76% Stake in Renom Energy for Rs 660 Cr

August 6, 2024 20:23

Suzlon Energy to acquire a 76% stake in Renom Energy Services for Rs 660 crore in two tranches from Sanjay Ghodawat Group. The acquisition will help Suzlon Group leverage growth in the renewable...

PIGL Approves Rs 71 Crore Fund Raising Plan

August 6, 2024 20:02

Power & Instrumentation (Gujarat) Limited (PIGL) has approved a Rs 71.48 crore fundraising plan through equity shares and warrants. The company will also increase its stake in Peaton...

Tata Power Acquires 40% Stake in KHPL for Rs 830 Cr

August 6, 2024 19:22

Tata Power to invest Rs 830 crore for a 40% stake in KHPL, a Bhutanese hydropower project. The company aims to develop a 600 MW hydro project. This acquisition aligns with Tata Power's commitment...

Raymond Net Profit Up 27% in Q1 FY25 - Rs 57.04 Cr

August 6, 2024 16:45

Raymond Ltd reported a 26.7% rise in consolidated net profit from continuing operations to Rs 57.04 crore in the first quarter ended June 2024. The company's revenue also saw a significant increase.

Nazara Subsidiary Acquires DeltiasGaming.com Assets

August 6, 2024 15:13

Nazara Technologies' subsidiary Absolute Sports acquires US gaming content platform DeltiasGaming.com for Rs 7.5 crore, aiming to expand its presence in the US gaming and esports media market.

RMZ, CPP Sell Chennai Office Towers to Keppel for USD 264mn

August 6, 2024 13:40

RMZ Corp and CPP Investments sold One Paramount 1, a Grade A office complex in Chennai to Keppel Ltd for USD 264 million. The transaction reflects strong investor confidence in India's commercial...

Akums Drugs Shares Debut at 7% Premium - IPO Success

August 6, 2024 10:45

Akums Drugs shares listed on BSE and NSE with a 7% premium over the issue price, drawing strong investor interest. The IPO was oversubscribed 63 times.

Renewable Energy Challenges: India's 'Viksit Bharat' Goals

August 5, 2024 20:00

Deve Gowda highlights challenges in India's renewable energy sector, urging action to meet 'Viksit Bharat' goals, while MPs debate progress, funding, and concerns.

Bharti Hexacom Profit Doubles to Rs 511 cr in Q1

August 5, 2024 17:42

Bharti Hexacom, operating under the Airtel brand, reported a more than two-fold jump in profit to Rs 511.2 crore in the first quarter ended June 30, 2024.

CtrlS Datacenters Invests Rs 400 Crore in Patna Datacenter

August 5, 2024 16:14

CtrlS Datacenters announces a Rs 400 crore investment in a new greenfield datacenter in Patna, India. The facility will have a 10MW IT load capacity and is expected to be operational by the second...

Keystone Realtors Q1 Profit Down 45% to Rs 26 cr - PTI

August 5, 2024 14:57

Keystone Realtors reported a 45% decline in consolidated net profit for the June quarter FY25, despite higher revenue. The company launched two new projects and acquired one more, indicating a...

Mahindra Lifespace, Actis Form JV for Industrial Parks - Chennai Project

August 5, 2024 14:21

Mahindra Lifespace and Actis have formed a joint venture, Ample Parks, to develop industrial and logistics parks across India. Their first project, a 70-acre park in Chennai, is already underway.

Tata Power to Acquire SPV in Odisha - Transmission Project

August 5, 2024 13:19

Tata Power receives LoI from PFC Consulting to acquire Paradeep Transmission Ltd, a project SPV in Odisha. The SPV will provide transmission service for 35 years.

Emami's Growth: Acquired Brands & Non-Seasonal Revenue

August 4, 2024 14:54

Emami, a leading FMCG company, sees 45% of its revenue from acquired brands, transitioning from rural focus to a wider market and consumer-centric approach.

Mankind Pharma Acquires BSV for Growth - Juneja

August 4, 2024 11:10

Mankind Pharma's acquisition of Bharat Serums and Vaccines (BSV) aims to boost future growth, entering the super specialty business. Vice Chairman Juneja outlines the strategic benefits for the...

Chinese Investment in India: Boosting Local Manufacturing?

August 4, 2024 11:05

Niti Aayog member Arvind Virmani suggests attracting Chinese firms to invest in India for manufacturing instead of relying on imports. This move could benefit India's export market and address...

Carlsberg Acquires Full Control of South Asia Business

August 3, 2024 18:49

Carlsberg buys remaining stake in Carlsberg South Asia for USD 744 million, gaining full control of Indian and Nepalese operations. The deal is expected to close in Q4 2024.

Adani's Ambuja Cement to Invest Rs 1,600 Crore in Bihar

August 3, 2024 15:48

Adani Group's Ambuja Cement will invest Rs 1,600 crore to build a cement grinding unit in Bihar, creating jobs and contributing to the state's economy.

Eris Lifesciences Q1 Profit Dips 4.5% to Rs 89 Cr

August 2, 2024 17:38

Eris Lifesciences reports a 4.5% decline in consolidated profit after tax to Rs 89 crore for Q1 FY25, while revenue rose to Rs 720 crore. The company expects significant growth in its Biocon business.

Exxon Mobil Q2 Profit Soars on Pioneer Deal & Production

August 2, 2024 16:35

Exxon Mobil's second-quarter profit surged due to record production in Guyana and the Permian Basin, as well as its $60 billion acquisition of Pioneer Natural Resources.

Meesho Appoints Hari Bhartia, Kalpana Morparia, Rohit Bhagat as Directors

August 2, 2024 11:05

Meesho, the Softbank-backed e-commerce firm, has appointed Jubilant Bhartia Group founder Hari S Bhartia, former JP Morgan Chairman Kalpana Morparia, and PhonePe non-executive Chairman Rohit Bhagat...

Akums Drugs IPO Over-Subscribed 63 Times

August 1, 2024 19:45

Akums Drugs and Pharmaceuticals' IPO received 63.56 times subscription on the final day, with strong participation from institutional investors. The IPO was a combination of a fresh issue and an...

Moody's: Tighter Bank Liquidity Norms Credit Positive

August 1, 2024 17:23

Moody's says RBI's proposed tightening of liquidity requirements for banks is credit positive, despite potential impact on credit growth and deposit costs.

Sun Pharma Q1 Net Profit Surges 40.2% to Rs 2,835.62 cr

August 1, 2024 16:28

Sun Pharma's consolidated net profit for Q1 FY25 jumped 40.2% to Rs 2,835.62 crore, driven by strong India formulation and global specialty sales growth.

Rubicon Research Files Rs 1,085 Cr IPO: Pharma Formulation Firm Aims to Raise Funds

August 1, 2024 12:16

Pharmaceutical formulation company Rubicon Research has filed draft papers with Sebi for a Rs 1,085 crore IPO. The IPO includes a fresh issue of shares and an Offer For Sale by promoter General...

Akums Drugs IPO Oversubscribed 4.4 Times on Day 2

July 31, 2024 20:51

Akums Drugs and Pharmaceuticals IPO receives 4.43 times subscription on Day 2, with strong interest from retail and institutional investors. The issue closes on Thursday.

Tata Steel Q1 Profit Surges 75% to Rs 918 cr

July 31, 2024 18:46

Tata Steel's net profit jumped 75% to Rs 918.57 crore in the April-June quarter, driven by reduced expenses. The company also announced plans to invest in subsidiaries.

Godrej Properties Acquires 46-Acre Land in Indore for Rs 200 Cr

July 31, 2024 10:09

Godrej Properties has bought 46 acres of land in Indore for around Rs 200 crore to develop residential plots. The company aims to expand its presence in the plotted development market.

Godrej Properties Acquires Land in Indore for Plotted Development

July 31, 2024 09:20

Godrej Properties has acquired 46 acres in Indore for plotted residential development, marking its entry into the Madhya Pradesh market. This strategic acquisition aligns with the company's growth...

CCI Approves Merger of Mangalore Chemicals & Fertilizers with Paradeep Phosphates

July 30, 2024 20:37

The Competition Commission of India (CCI) has approved the amalgamation of Mangalore Chemicals & Fertilizers with Paradeep Phosphates Ltd, a move that will create a larger player in the phosphatic...

Akums Drugs IPO Fully Subscribed on Day 1: Details

July 30, 2024 19:49

Akums Drugs and Pharmaceuticals IPO was fully subscribed on Day 1, with retail investors showing strong interest. The issue will close on August 1. Learn more.

TCPL Q1 Profit Down, Revenue Up: Details & Analysis

July 30, 2024 19:18

Tata Consumer Products Ltd (TCPL) reported a 14.34% decline in net profit for Q1 FY25, but revenue rose 16.32%. Learn more about the company's performance and key highlights.

Jindal Stainless Q1 Profit Down 12% to Rs 646 Cr

July 30, 2024 17:59

Jindal Stainless Ltd (JSL) reported a 12% decline in consolidated net profit to Rs 646.07 crore in Q1 FY25, mainly due to lower income. The company also announced plans to raise up to Rs 5,000...

Nexus Select Trust Q1 NOI Up 7%, Plans Rs 1,700 Cr Fundraise

July 30, 2024 17:30

Nexus Select Trust reported a 7% rise in Q1 net operating income to Rs 413 crore and plans to raise up to Rs 1,700 crore through commercial papers and debentures. The company also signed two term...

SCOPE Raises USD 5 Million for US Expansion

July 30, 2024 16:28

SCOPE, a startup platform, secures USD 5 million for its secondary fund, boosting its asset management capabilities in the US. This follows a recent USD 90 million funding round and acquisition of...

India Won't Rethink Chinese FDI Support: Goyal

July 30, 2024 11:25

India's Commerce Minister clarifies there's no change in policy on Chinese investments, despite recent economic survey suggestions. Learn about the current state of India-China trade and FDI.

Akums Drugs Raises Rs 829 cr From Anchor Investors Ahead of IPO

July 29, 2024 22:13

Akums Drugs and Pharmaceuticals has raised Rs 829 crore from anchor investors ahead of its IPO, which will open for subscription on July 30. The IPO is a combination of a fresh issue and an offer...

Societe Generale Sells India Cements Stake for Rs 78 cr

July 29, 2024 20:39

Societe Generale has divested its 0.67% stake in India Cements for Rs 78 crore. The deal comes as UltraTech Cement acquires a majority stake in the company.

CESC Acquires 64% Stake in Purvah Green Power for Rs 205 Cr

July 29, 2024 20:02

CESC Ltd has acquired a 63.91% stake in Purvah Green Power for Rs 205 crore, making it a direct subsidiary. The acquisition will strengthen CESC's presence in the renewable energy sector.

Tata Steel Acquires 557 Cr Shares in Singapore Arm for USD 875 Mn

July 29, 2024 19:41

Tata Steel has acquired over 557 crore equity shares in its Singapore-based arm, T Steel Holdings Pte Ltd (TSHP), for USD 875 million. The acquisition makes TSHP a wholly-owned subsidiary of Tata...

Sensex, Nifty Flat Ahead of US Fed Rate Decision

July 29, 2024 17:11

Indian stock indices Sensex and Nifty closed flat despite hitting record highs, influenced by profit-taking in FMCG and IT sectors ahead of the US Fed's interest rate decision. The US Fed's...

White Matter Advisory Acquires 90% Stake in Fairexpay

July 29, 2024 16:18

White Matter Advisory acquires 90% stake in fintech startup Fairexpay, expanding its cross-border remittance and fund collection services. The acquisition leverages Fairexpay's advanced technology...

UltraTech to Keep India Cements Listed After Acquisition

July 29, 2024 14:31

UltraTech Cement has confirmed that India Cements will remain a listed entity following its acquisition of a 32.72% stake. The open offer price is Rs 390 per share, and UltraTech intends to acquire...

Senores Pharma IPO: Rs 500 Cr Raise, US Expansion

July 29, 2024 13:33

Senores Pharmaceuticals files IPO papers with Sebi to raise Rs 500 crore, aiming to expand its US operations and set up a new manufacturing facility.

Dr Reddy's Q1 Profit Dips Slightly, Revenue Up

July 27, 2024 18:47

Dr Reddy's Laboratories reported a marginal decline in Q1 profit to Rs 1,392 crore, while revenue rose to Rs 7,673 crore. The company's North American generics business saw a 20% growth.

LatentView Analytics Q1 Profit: Rs 38.92 cr | Business News

July 26, 2024 19:10

LatentView Analytics reports a net profit of Rs 38.92 crore for Q1 FY25, a 21.1% YoY growth. The company also completed the acquisition of Decision Point Analysis.

I-T Dept Clarifies Real Estate LTCG Calculation for Properties Bought Before 2001

July 26, 2024 16:37

The I-T department has clarified the cost of acquisition for real estate properties purchased before 2001 for long-term capital gains (LTCG) tax calculations. Learn how the fair market value and...

Standard Glass Lining IPO: ₹500 Crore Raise, Pharma Focus

July 26, 2024 13:08

Standard Glass Lining Technology, a leading manufacturer of pharma and chemical equipment, files for an IPO seeking ₹500 crore. The IPO includes fresh issuance and an OFS, with proceeds for debt...

BPEA Credit Invests Rs 250 Cr in DMW Group - Business News

July 25, 2024 21:41

BPEA Credit has committed Rs 250 crore to DMW Group, a precision components firm, for capital expenditure, working capital, and acquisition financing. Read more.

Texmaco Acquires Jindal Rail Infra for Rs 615 Cr

July 25, 2024 19:05

Texmaco Rail & Engineering has acquired 100% of Jindal Rail Infrastructure for Rs 615 crore, marking the largest acquisition in India's rolling stock industry. The deal aims to expand Texmaco's...

Adani Energy Solutions Posts Rs 1,190 Cr Loss in Q1

July 25, 2024 18:22

Adani Energy Solutions reports a net loss of Rs 1,190.66 crore in Q1 FY25 due to exceptional losses related to the divestment of an asset. Read more.

Havmor's Pune Factory: New Candy Range & Production Boost

July 25, 2024 17:00

Havmor Ice Cream, owned by Lotte Wellfood, announces its new Pune factory will be operational by November, adding 4 lakh liters per day production capacity and introducing a unique candy range.

Clearer FDI Guidelines Needed for China: NITI Aayog

July 25, 2024 14:34

NITI Aayog calls for clearer FDI guidelines for China, citing slow case-by-case review. India seeks Chinese investment but tensions persist.

Akums Drugs IPO Opens July 30: Rs 1,857 Cr Issue

July 25, 2024 10:48

Akums Drugs and Pharmaceuticals' IPO to raise Rs 1,857 crore opens on July 30. The price band is set at Rs 646-679 per share. Learn more about the IPO details.

CG Power Acquires 55% Stake in G G Tronics India

July 24, 2024 18:59

CG Power and Industrial Solutions has acquired a 55% stake in G G Tronics India, a company specializing in railway safety signalling systems, including 'KAVACH'. The acquisition aims to expand CG...

Ramkrishna Forgings Q1 Profit Rises 3% to Rs 81 cr

July 24, 2024 17:34

Ramkrishna Forgings Ltd reported a 3% increase in consolidated net profit to Rs 81 crore in the June quarter, driven by higher income. The company's total income rose to Rs 1,013.98 crore.

GNSS-Based Toll Collection on NHs: Gadkari's Announcement

July 24, 2024 17:20

India's road ministry plans to implement a GNSS-based toll collection system on select national highways, complementing FASTag. The announcement was made by Union Minister Nitin Gadkari.

CG Power Acquires 55% Stake in GGT for Rs 319 cr

July 24, 2024 16:06

CG Power and Industrial Solutions to acquire 55% stake in GGT Tronics, a railway signaling solutions provider, for Rs 319 crore.

Budget Boost for MSMEs, Exports: Duty Cuts, Credit Schemes

July 24, 2024 15:30

Experts applaud the Indian Budget's measures to boost manufacturing and exports, including customs duty cuts on key goods, credit guarantee schemes for MSMEs, and e-commerce hub development.

CCI Approves Amazon's 76% Stake in Frontizo

July 23, 2024 22:50

India's competition regulator CCI has cleared Amazon's acquisition of a 76% stake in Frontizo, a company that operates Appario Retail, a major seller on Amazon India.

Manipal Group Acquires Stake in Aakash Educational Services

July 23, 2024 22:01

CCI approves Manipal Health Systems and MEMG Family Office's acquisition of a stake in Byju's-owned Aakash Educational Services.

Govt Removes Indexation Benefit on Property Sale: Negative for Sellers

July 23, 2024 18:52

The Indian government has proposed reducing long-term capital gains tax on property to 12.5% but removed indexation benefits, impacting sellers. Experts say this is negative for the real estate...

Union Budget 2024-25 Hailed by Karnataka Industry Bodies

July 23, 2024 17:22

Industry bodies in Karnataka, including BCIC, FKCCI, and KASSIA, have lauded the Union Budget 2024-25, highlighting its focus on MSME development, job creation, and economic growth.

Critical Mineral Mission to Boost Domestic Output

July 23, 2024 16:42

India to launch a Critical Mineral Mission to boost domestic production of copper, lithium & other critical minerals, including recycling and overseas acquisition.

Parandur Airport Gets Site Clearance: Tamil Nadu

July 22, 2024 20:49

The Union government has granted site clearance for the proposed Parandur airport in Tamil Nadu, a key development for the state's aviation sector. The project will be implemented by the Tamil Nadu...

PE/VC Investment Surges 8% to $31.5 Billion in H1 2024

July 22, 2024 19:28

Private equity and venture capital investments in India rose 8% to USD 31.5 billion in the first half of 2024, driven by a surge in deal volume and large transactions, according to a report by IVCA...

Company Name
Price
Volume

Vodafone Idea L
13.20 ( -1.20)
64649244

Rama Steel Tubes
14.94 ( -10.00)
36564037

Rajnish Wellness
3.51 ( -4.10)
32035178

Toyam Sports
3.91 (+ 1.56)
31865632

Srestha Finvest
1.85 ( -3.14)
28710579

BoB Raises Rs 5,000 Cr from Infra Bond Issue -...

State-owned Bank of Baroda (BoB) has raised Rs 5,000 crore through a 10-year...

Tata Power Starts Solar Cell Production at...

Tata Power has commenced production of solar cells at its 2GW facility in Tirunelveli,...

Bandhan Bank Launches GST Collection Services

Bandhan Bank introduces a new service allowing customers and non-customers to pay GST...

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