ipo bajaj housing air india's tata bank auditor fraud case ongc tolins tyres nifty days india bina modi focus business worth sebi vinesh phogat fpis week data street sbi aviation gas retail byju's smallcap raises billion weekly files papers bdo resigns top insurance indian insolvency report china million august wall godfrey paints anchor investors stake morgan indigo
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Amber Enterprises To Merge Unit AmberPR With Itself Via Slump Sale
Both Amber and AmberPR forms part as consumer durables segment of the Amber Group.49 minutes ago — Bloomberg Quint -
D-Street prepares for biggest IPO line-up in 14 years with Bajaj Housing, Afcon and more
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Air India's Loss Declines 60% To Rs 4,444 Crore In FY24: Tata Group
The turnover rose 23.7% to Rs 38,812 crore during the reporting year as against a turnover of Rs 31,377 crore.1 hour ago — Bloomberg Quint- Tolins Tyres Raises Rs 68 Crore From Anchor Investors 1 hour ago — Bloomberg Quint
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RBL Bank Aims To Grow Credit Card Book Moderately In FY25
The private sector bank aims to grow its credit card book moderately of about 12-15% in the current financial year, Bikram Yadav, business head, credit cards at RBL Bank, told NDTV Profit.1 hour ago — Bloomberg Quint -
Byju Raveendran Says Auditor’s Suggestion To Backdate Reports Was More About Optics
Raveendran said the auditors asked for a forensic audit of the transaction with a Middle East-based partner that was approved in June but the auditors did not make any progress on it.1 hour ago — Bloomberg Quint- Byju's Auditor BDO Resigns Within 15 Months, Suspects Fraud At Edtech 1 hour ago — Bloomberg Quint
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ED Attaches Amtek Group Assets Of Over Rs 5,000 Crore In Bank Fraud Case
The action comes after the federal agency arrested Amtek Group promoter Arvind Dham in July.1 hour ago — Bloomberg Quint- Hexaware Technologies Files Draft Papers For Rs 9,950-Crore IPO, Biggest In IT Services 1 hour ago — Bloomberg Quint
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Indian-Origin Cosmetics Mogul Mike Jatania Revives The Body Shop's UK Stores
A consortium led by Jatania-founded growth capital firm Auréa had bought all the Body Shop International's assets.1 hour ago — Bloomberg Quint -
Deep Industries Wins Rs 1,402 Crore Project From ONGC
The letter of award involved production enhancement operations in mature oil fields at Rajahmundry.2 hours ago — Bloomberg Quint -
Charting The Global Economy: US Job Growth Softer Than Forecast
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics.2 hours ago — Bloomberg Quint -
Tolins Tyres IPO: All You Need To Know
The market valuation of the company at the upper end of the price band is Rs 893 crore.2.5 hours ago — Bloomberg Quint -
Nifty In Technical Charts: Nervous Responses
There shall be periodic interruptions by way of dips, that is the nature of the market.3 hours ago — Bloomberg Quint -
New code for medical devices mandates complaint decisions within 90 days
This comes as the central government on Friday notified the UCMPMD 2024 in a move to regulate unethical marketing practices in the medical devices industry3 hours ago — Business Standard -
Air India Express To Merge With AIX Connect In October, Hamish Maxwell Named COO
Maxwell will replace the incumbent Pushpinder Singh, who completes his deputation with the AIX and return to the parent company, Air India, it said.3 hours ago — Bloomberg Quint -
Bina Modi Defends 24Seven Closure To Focus On Core Business At AGM
In her address to the shareholders, Bina Modi said, 'this focus on our core business is in consonance with the 'Theory of Core Competency' propagated by the late global management guru Professor CK Prahalad.3 hours ago — Bloomberg Quint -
Yes Bank Fraud Case: ED Seizes Land Parcels Worth ₹78 Crore Of Businessman Gautam Thapar
The investigation pertains to a company named Oyester Buildwell Pvt whose beneficial owner is Gautam Thapar.3 hours ago — Bloomberg Quint -
Wockhardt denies Carol Info rent payment allegations, link with Sebi orders
"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday4 hours ago — Business Standard -
Vinesh Phogat, Bajrang Punia used by Cong as pawns: Brij Bhushan Singh
This was all conspired to gain hold on the Wrestling Federation of India and to attack the BJP and its ideology, he said4.5 hours ago — Business Standard -
FPIs invest Rs 11,000 crore in India in first week of September. Will US jobs data increase flows?
However, Vijayakumar cautions that the elevated valuations are still a concern. If the US growth concerns impact global equity markets in the coming days, FPIs are likely to use the opportunity to buy in India.4.5 hours ago — Economic Times -
Dalal Street Week Ahead: Nifty may continue to remain under corrective pressure
The volatility spiked as well; the volatility barometer India VIX surged by 13.63% to 15.22 on a weekly basis. While setting a distinct corrective undertone, the headline index closed with a net weekly loss of 383.75 points (-1.52%)4.5 hours ago — Economic Times -
Limited Supply, High Demand — What's Driving Premier Energies' Rally
Currently only 11.32% of the stock's total shareholding is tradable, while the rest is locked in.5 hours ago — Bloomberg Quint -
What Prompted Matrimony.Com's Board To Approve A Rs 72-Crore Buyback
Matrimony.com plans to repurchase 7.02 lakh fully paid-up equity shares representing 24.85% of its total equity capital.5 hours ago — Bloomberg Quint -
F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities
The 50 component index Nifty 50 as well Sensex closed nearly 1.2% lower today. The former closed 293 points lower at 24,852 while the latter dipped by 1,017 points to 81,184.5 hours ago — Economic Times -
Tata aviation cuts losses by Rs 9,077 cr in FY24, Air India revenue up 24%
Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year5.5 hours ago — Business Standard -
Indraprastha To Gujarat Gas: How Lower CNG Vehicle Sales Could Impact City Gas Companies
Lower sales of three and four wheeler CNG vehicles could affect volumes of the city gas companies, Dolat Capital said.5.5 hours ago — Bloomberg Quint -
Baazar Style Retail To Expand Private Label Business To Improve Margins
The Rekha Jhunjhunwala-backed company also plans to reduce overall debt burden to sustain growth.5.5 hours ago — Bloomberg Quint -
Byju's hits back, says BDO's lack of communication with IRP suspicious
Byju's statement further added that they had 'multiple call recordings', where BDO representatives explicitly suggested backdating these documents, which Byju's refused to do5.5 hours ago — Business Standard -
Wockhardt denies allegations of rent payments connections to SEBI orders, claims them baseless
Congress leader Pawan Khera on Friday had accused Sebi chief Madhabi Puri Buch of conflict of interest with the pharma company.6 hours ago — Economic Times -
RIL bonus shares record date likely in October? Here’s what data suggests
The Ambani-led company has announced that the date for determining shareholder eligibility for the 1:1 bonus issue will be revealed later. However, historical data suggests the record date for the RIL bonus shares might be next month.6 hours ago — Economic Times -
Satellites For Rural Internet Connectivity Boost And An Opportunity For Telcos
With only 3% broadband penetration, the Indian market presents vast opportunities for satellite internet providers, says Morgan Stanley.6 hours ago — Bloomberg Quint -
Gold ends lower in a highly volatile trade amid uncertainty over rate cuts
Gold rallied to test the all-time high soon after the release of the US NFP report as the number of jobs added fell short of forecast and continuing downward revision in the previous data portrayed a weakening job market, which increase the possibility of a rate cut by the US Fed.6 hours ago — Economic Times -
Tata Power Awards Contracts Worth Rs 11,481 Crore To Local Suppliers
The contracts are spread across two major categories — materials and services.6.5 hours ago — Bloomberg Quint- Tata Power awards contracts worth Rs 11,481 cr to local suppliers in Odisha 6.5 hours ago — Business Standard
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Concurrent Gainers: These 9 smallcap stocks gained for 5 days in a row
W.e further narrowed down the list to the top 9 stocks, which each experienced gains of over 10% within a week7 hours ago — Economic Times -
Vedanta, BEML, among 140 stocks to remain in focus next week for dividend, bonus, split. Do you own any?
The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.7 hours ago — Economic Times -
Gensol Engineering Increases QIP Issue Size to Rs 750 Crores
The company has also reappointed Anmol Singh Jaggi as the Managing Director for another five-year term.7.5 hours ago — Bloomberg Quint -
Granules India Gets Six Observations From US FDA At Hyderabad Plant
Gagillapur facility is responsible for manufacturing finished dosages and pharmaceutical formulation intermediates.7.5 hours ago — Bloomberg Quint -
Beyond Tomorrow: OpenAI Founder Raises $1 Billion, Musk's Supercomputer Cluster And More — Weekly AI Wrap
There is a lot of conversation happening around the world about how AI will potentially democratise work.7.5 hours ago — Bloomberg Quint -
Carlyle-backed Hexaware Tech files draft papers with Sebi for Rs 9,950 cr IPO
Hexaware Technologies, backed by Carlyle Group, has filed for a Rs 9,950 crore IPO with Sebi. The entire offering is an offer for sale by promoter CA Magnum Holdings. Hexaware aims to benefit from listing on stock exchanges. If successful, it will be the largest IT services IPO since TCS's in 2004.7.5 hours ago — Economic Times -
Byju's auditor BDO resigns after start of bankruptcy proceedings, company says
BDO was appointed auditor earlier this year after Byju's former auditor, Deloitte, left the company, citing several issues with the company's financial reporting.8 hours ago — The Hindu Business- Byju's auditor BDO resigns after start of bankruptcy proceedings, firm says 8 hours ago — Business Standard
- Byju's Auditor BDO Resigns Within 15 Months, Suspects Fraud At Edtech 8 hours ago — Bloomberg Quint
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GenZ Is Rewriting The Consumption Playbook — Here's How
The generation has been able to bring the revenue of D2C companies to Rs 1 billion over three years, according to a Bernstein report.8 hours ago — Bloomberg Quint -
LIC among Motilal’s 5 top life insurance picks, forecasts upside potential up to 25%
Looking ahead, the domestic brokerage firm believes that the forthcoming regulations, such as risk-based solvency and IFRS, are expected to positively influence financials by releasing capital that can be utilized for growth and for retaining a larger share of business, particularly in the protection segment.8 hours ago — Economic Times -
Boeing Starliner Spacecraft Returns To Earth With No One Onboard
Friday’s return of an empty craft will renew debate over whether Starliner is safe to move forward as a crew capsule for NASA.8.5 hours ago — Bloomberg Quint -
IPO calendar next week: 13 new issues to flood primary market in one of busiest weeks seen this year
Analysts said this flurry of activity reflects growing investor confidence and signals a vibrant capital-raising environment, underscoring India's robust economic fundamentals.9 hours ago — Economic Times -
The Jersey Wars: Barcelona's Away Kit Most Expensive But Messi Isn't Far Behind
A Messi-version of Inter Miami kit costs up to Rs 15,025 while a Cristiano Ronaldo-version of an Al Nassr shirt can cost Rs 11,157.9 hours ago — Bloomberg Quint -
8 Indian stock picks inspired by Peter Lynch's investment style
With an operating revenue of Rs 1,732.7 crore on a trailing 12-month basis, WPIL has reported annual revenue de-growth of (-)7%, pre-tax margin of 16% and ROE of 38%.9.5 hours ago — Economic Times -
Wealth management and the triple multiplier effect
This growth is underpinned by the ‘Triple Multiplier Effect’ – the confluence of rising High Networth Individuals (HNI) investors, asset appreciation, and savings from incremental growth in income.9.5 hours ago — Economic Times -
3 reasons why Indian pharma is getting ready for unstoppable growth
For Indian pharmaceutical companies, this scenario presents a distinct opportunity. Leveraging their established expertise and leadership in global COVID-19 vaccine distribution, along with robust supply chain efficiencies, Indian firms are strategically positioned to capitalize on this market shift. The departure of Chinese players from the market opens a significant gap, which Indian companies are well-equipped to fill .9.5 hours ago — Economic Times -
Employee claims against Byju's top Rs 300 crore in ongoing insolvency case
But these claims still need to be reconciled with the complete and accurate books of accounts and records from the corporate debtor, in this case, the former management of Byju's9.5 hours ago — Business Standard -
Massive oil, gas reserves found in Pakistani waters: Report
The geographic survey has allowed Pakistan to identify the location of the deposits.9.5 hours ago — The Hindu Business -
Not too concerned about Goldman downgrading; SBI one of the top bets in portfolio: Ashi Anand
Ashi Anand, Founder of IME Capital, expresses confidence in SBI despite a downgrade by Goldman Sachs. He highlights the bank's attractive growth and profitability. Anand also mentions increased weights in consumption and FMCG sectors due to signs of rural recovery. Upcoming US CPI data and potential Fed rate cuts are crucial for market dynamics.9.5 hours ago — Economic Times -
Selena Gomez Is A Billionaire Thanks To Her Beauty Brand
Gomez is worth $1.3 billion, according to the Bloomberg Billionaires Index, which is ranking her for the first time.10.5 hours ago — Bloomberg Quint -
These 8 smallcap stocks witnessed a rise in prices with volumes in last 3 days
8 stocks have consistently increased in price, trading volume, and delivery volume, indicating higher investor interest in these stocks.10.5 hours ago — Economic Times -
45 smallcap stocks buck the trend to offer double-digit weekly returns amid sharp sell-off
Rama Steel Tubes was the top gainer in the smallcap pack with nearly 60% return, followed by Refex Industries (32.3%), Kitex Garments (27%), and 63 Moons Technologies (26%).11 hours ago — Economic Times -
China bulls getting tired of waiting for elusive stock recovery
Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.11 hours ago — Economic Times -
Haryana polls: Congress releases 1st list, fields Vinesh Phogat from Julana
Haryana Assembly elections: Congress announced its first list of 31 candidates and has fielded Haryana Chief Minister Bhupinder Singh Hooda from the Garhi Sampla-Kiloi constituency11 hours ago — Business Standard- Haryana polls: Cong releases first list; fields Vinesh Phogat from Julana 11 hours ago — Business Standard
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5 world market themes for the week ahead
September's market volatility may persist as investors await key macro events. U.S. consumer price data on Sept. 11 could influence the Federal Reserve's rate decisions. The European Central Bank is expected to cut rates again, while Japan prepares for a new prime minister amid economic challenges.11 hours ago — Economic Times -
Indian tax authorities seek $101 million in Byju's insolvency process
Indian tax authorities are seeking $101 million from Byju's, once India's biggest startup now facing insolvency. Backed by General Atlantic, Byju's was valued at $22 billion in 2022 but has struggled with regulatory issues and disputes with U.S. lenders. The company is currently managed by court-appointed resolution professional Pankaj Srivastava.11 hours ago — Economic Times- Indian tax officials demand $101 million in Byju's insolvency process 11 hours ago — Business Standard
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China's central bank pauses gold purchases for a fourth month in August
China's central bank has paused its gold purchases for the fourth consecutive month in August, with holdings remaining at 72.8 million fine troy ounces. Despite this, the value of these reserves increased to $182.98 billion due to rising gold prices driven by geopolitical and economic uncertainties.11 hours ago — Economic Times -
Wall Street Week Ahead: Economic worries back on Wall Street's radar after jobs data
Uncertainty over the U.S. economy's health is affecting markets, with investors concerned about Federal Reserve policy shifts, a tight U.S. election, and high valuations. Recent jobs data suggests a slowing labor market, raising fears of economic pressure from elevated borrowing costs. The S&P 500 dropped 1.7% on Friday, highlighting market volatility.11.5 hours ago — Economic Times -
3 top stock recommendations from Rajesh Palviya for next week
Looking at the near-term structure, if we sustain below to 25,000 level, yes, possibly we could see furthermore supply pressure in the continuation of this down move.11.5 hours ago — Economic Times -
Wall Street stocks fall, big weekly drop as market waits for Fed to move
All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by declines in communication services, consumer discretionary and technology equities.12 hours ago — Economic Times -
India overtakes China in MSCI EM Investable Market Index
In the MSCI Standard Index, which focuses on large and mid-cap companies, China retains the top weight at 24%, with India following at around 20%. India reclaimed the second spot in the index last November, overtaking Taiwan.12 hours ago — Economic Times -
SBI, Voda Idea shares tumble after Goldman's rating action
On Vi, it maintained its sell rating, while raising the price target to ₹2.5 from ₹2.2, implying a downside of 81.4% from Friday's closing of ₹13.43. Vodafone shares plunged 11% on Friday.12 hours ago — Economic Times -
Two Mauritius FPIs move SAT to seek relief from liquidating Indian portfolio
Both these funds were linked to the Adani Group in the January 2023 Hindenburg report. These funds have sought time till March 31, 2025, to comply with Sebi's new foreign portfolio investors (FPI) concentration norms to unwind their portfolios.12 hours ago — Economic Times -
Godfrey Phillips shareholders OK appointment of Bina Modi as MD
Samir Modi was sacked from the company's board recently. Shareholders have not voted him back. They approved the appointment of his sister Charu Modi to the company's board.12.5 hours ago — Economic Times- Godfrey Philips shareholders approve reappointment of Bina Modi as MD 12.5 hours ago — Economic Times
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Elon Musk dares the world to take on X as he scoffs at Brazil's ban
Musk's feud with controversial Brazilian Supreme Court Justice Alexandre de Moraes over the order barring X intensified an ideological war12.5 hours ago — Business Standard -
Dalal Street indices tank on weak global cues
The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.13 hours ago — Economic Times -
Shady SME IPOs, why IKEA sells food and more
NSE's rules for SME IPOs, Care Economy, Silver in EV batteries, America's blood plasma trade, IKEA's food sales in India and more in this week’s wrapup.13.5 hours ago — Finshots -
Tatas' aviation business more than halves loss in FY24: Annual report
The Tata Group's aviation business, including Air India and Vistara, reduced losses to ₹6,337 crore from ₹15,414 crore. Air India saw a 24% revenue increase to ₹51,365 crore. Tata Digital's business grew 148%, but net losses widened. Tata Sons' net profit rose 57% to ₹34,654 crore.15 hours ago — Economic Times -
Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
GTRI also said the global EV market is undergoing a seismic shift, driven by the US, EU, and Canada imposing high tariffs and restrictions on imports of EVs and parts from China17 hours ago — The Hindu Business -
Dollar rises after August U.S. payrolls report paints mixed picture
Nonfarm payrolls increased by 142,000 jobs last month after a downwardly revised 89,000 rise in July, the Labour Department's Bureau of Labour Statistics said18.5 hours ago — The Hindu Business -
Deloitte, top executive part ways over 'conflict of interest'
Replying to ET's emailed queries, Khanna confirmed that Deloitte and he had parted ways. "I am starting a new journey by joining the well established family business, which acquires real estate assets to turn them around financially. This has no conflict with Deloitte as Deloitte is not a real estate investment company...We have a very unique business model... Our model is based on asset acquisition through transparent bidding, in most cases overseen by NCLT. The business is growing rapidly, thanks to rapid urbanisation and the burgeoning middle class. I foresee many opportunities to expand it nationally," he said.19.5 hours ago — Economic Times -
Stick to fiscal deficit as the norm for fiscal prudence
With the current lower levels of household financial savings, having 3% of GDP as a limit to fiscal deficit should be the focus20 hours ago — The Hindu Business -
Sensex falls 1.2% as FPIs offload stocks fearing SEBI action
20 hours ago — The Hindu Business -
Zepto in talks with investment banks for potential IPO next year
The Mumbai-based startup is also talking to domestic investment banks for a potential listing of shares by August next year, one of the people said. Swiggy, the parent of Zepto’s rival Instamart, is also readying to hit the public market later this year with a $1.25 billion IPO. Its other bigger competitor, Blinkit, is owned by Zomato, a listed company since 2021.20.5 hours ago — Economic Times -
Protests take a bite out of retail, F&B businesses ahead of Durga Puja
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver20.5 hours ago — Business Standard -
NaBFID Questions RBI Proposal To Make Lenders Set 5% Aside On Under-Construction Projects
Bankers have been peeved at the proposal and are reported to have opined against going ahead on it, while those in support of the move also say the number is a conservative one.20.5 hours ago — Bloomberg Quint -
EV maker Wardwizard Innovations to form joint venture in Saudi Arabia
The EV cell plant will be dedicated to manufacturing electric vehicle cells. The company did not disclose the cost associated with entering into the joint venture20.5 hours ago — Business Standard -
Companies to roll out Rs 1.2 trillion EV, chip projects in Maharashtra
These investments span across segments like EVs, hybrids and semiconductors20.5 hours ago — Business Standard -
N Chandrasekaran's remuneration rose by 20% to Rs 135.3 crore in FY24
Tata Sons directors get 16% hike while employee cost up 2.5%21 hours ago — Business Standard -
Tolins Tyres garners Rs 69 cr from anchor investors ahead of IPO
Tolins Tyres Ltd has raised Rs 69 crore from anchor investors before its IPO opening for public subscription. The company allotted 30.53 lakh shares at Rs 226 each. The IPO, worth Rs 230 crore, will be open from September 9-11 with a price band of Rs 215 to Rs 226 per share.21 hours ago — Economic Times- Bajaj Housing Finance raises Rs 1,758 crore from anchor investors including JP Morgan, Morgan Stanley ahead of IPO 21 hours ago — Economic Times
- Tolins Tyres Raises Rs 68 Crore From Anchor Investors 21 hours ago — Bloomberg Quint
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Sebi modifies reporting timelines for commercial paper payment obligations
Sebi has revised the reporting timeline for entities with listed commercial papers to disclose their payment obligations within one working day of the due date. This change aligns with the requirements for non-convertible securities, enhancing transparency and ensuring timely disclosures. The new rule applies to payments of interest, dividends, or principal redemption.21 hours ago — Economic Times -
SEBI Shortens Commercial Papers Reporting Timeline
The change will apply to entities reporting the payment of interest, dividends, or the redemption of principal amounts.21 hours ago — Bloomberg Quint -
Maharashtra Launches 3 KW Solar Project For Farmers
Solar projects of 9200 MW capacity will be developed under the project, the release said.21 hours ago — Bloomberg Quint -
Bajaj Housing Finance Raises Rs 1,757 Crore From Anchor Investors
The housing financier will launch its IPO on Monday to raise up to Rs 6,560 crore.21 hours ago — Bloomberg Quint- Brigade Enterprises Raises Rs 1,500 Crore Through Equity Share Sale 21 hours ago — Bloomberg Quint
- Bajaj Housing Finance raises Rs 1,758 crore from anchor investors including JP Morgan, Morgan Stanley ahead of IPO 21 hours ago — Economic Times
- Tolins Tyres Raises Rs 68 Crore From Anchor Investors 21 hours ago — Bloomberg Quint
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Dr. Reddy's gets inspection report from USFDA for Srikakulam-based API plant
The U.S. Food and Drug Administration (USFDA) has classified the inspection as Voluntary Action Indicated (VAI) and concluded that the inspection is close, the Hyderabad-based drug maker said in a statement21.5 hours ago — The Hindu Business -
India's Reliance Infra weighs EV push, taps ex-BYD exec, sources say
Reliance Infrastructure hires consultants for EV plant feasibility study, plans to manufacture batteries, sources say21.5 hours ago — The Hindu Business -
Metro Brands Promoters Offload Stake Worth Rs 750 Crore
Kotak Mahindra Mutual Fund bought 39.7 lakh shares in Metro Brands for Rs 1,260 apiece.21.5 hours ago — Bloomberg Quint- Brigade Enterprises Raises Rs 1,500 Crore Through Equity Share Sale 21.5 hours ago — Bloomberg Quint
- Indigo Paints Investor Offloads Stake Worth Rs 1,557.05 Crore 21.5 hours ago — Bloomberg Quint
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SpiceJet And Carlyle Aviation Enter Agreement For Aircraft Lease Restructuring
Earlier, on Friday, SpiceJet saw its debt rise to over Rs 4,300 crore amid curtailed operations and an attempt to raise capital.21.5 hours ago — Bloomberg Quint -
RBI Imposes Penalties On Housing And Urban Development And Two Other Entities
In a separate release, RBI said it has imposed a penalty of Rs 5 lakh on Godrej Housing.21.5 hours ago — Bloomberg Quint -
Malaysia Airlines To Expand Routes And Increase Flight Frequency To India
Dersenish Aresandiran, Chief Commercial Officer of Airline Business at MAG, said Malaysia Airlines plans to increase frequencies to Ahmedabad and Trivandrum.22 hours ago — Bloomberg Quint -
Nazara Tech Acquires 48.42% Stake In Paper Boat Apps
Following the acquisition, Paperboat has become a wholly-owned subsidiary of Nazara Technologies.22 hours ago — Bloomberg Quint -
AU SFB, United India Insurance ink pact for giving out insurance products
This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions, it said22 hours ago — Business Standard -
SpiceJet restructures $97 million dues to Carlyle Aviation into equity and debentures
Airline SpiceJet plans to convert about $97 million of its dues to Carlyle Group into equity and debentures. The restructuring aims to address the airline's financial challenges and follows enhanced surveillance by the aviation watchdog due to operational deficiencies. The agreement includes issuing shares and transferring debentures to Carlyle.22.5 hours ago — Economic Times -
iValue Infosolutions Files Preliminary Papers For IPO
The proceeds from the entire issue, barring IPO expenses, will go to the selling shareholders.22.5 hours ago — Bloomberg Quint- Hexaware Technologies Files Draft Papers For Rs 9,950-Crore IPO, Biggest In IT Services 22.5 hours ago — Bloomberg Quint
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Bajaj's General Insurance Unit Pips Life Insurance Arm In Premium Collection For August
While Bajaj Allianz General Insurance's premium was Rs 1,736 crore, Bajaj Allianz Life Insurance's figure was at Rs 953 crore for August month.22.5 hours ago — Bloomberg Quint -
Peak XV Partners sells 22 pc stake in Indigo Paints for Rs 1,557 crore; Morgan Stanley, HDFC MF among buyers
Peak XV Partners, formerly Sequoia Capital India and SEA, sold over 22% stake in Indigo Paints for Rs 1,557 crore to investors including Morgan Stanley, Mercer, and HDFC MF. The shares were sold via open market transactions. Following the sale, Indigo Paints' shares fell by 4.19% on the NSE.22.5 hours ago — Economic Times -
Bina Modi reappointed as Godfrey Phillips India MD; Charu Modi named ED
Bina Modi's daughter Charu Modi has been appointed as the Executive Director of the company with 87% approval22.5 hours ago — Business Standard -
IIT Guwahati Inks Deal With Airbus India To Set Up Global Training Centre
Chief Minister Himanta Biswa Sarma said the collaboration will pave the way for Assam to emerge as a logistics hub in providing skilled personnel in aerospace technology.23 hours ago — Bloomberg Quint -
Retail business closure to focus on core cigarette biz: GPI Chairperson
In July this year, Godfrey Phillips India (GPI) had announced that it was going ahead with plans to exit from retail business operated under '24Seven' brand23 hours ago — Business Standard -
HUL sets up panel on future of ice cream vertical
23 hours ago — The Hindu Business -
Mumbai-Frankfurt Vistara flight diverted to Turkey over security concerns
The aircraft (UK 27) has safely landed at the Erzurum Airport, and as per the protocol, the relevant authorities were immediately alerted23 hours ago — Business Standard -
RBM Infracon Secures Service Order Worth Rs 3,498 crore From ONGC
The order, dated Sept. 6, has a validity period of 15 years or 180 months from the effective date.23.5 hours ago — Bloomberg Quint -
Tamilnadu Petroproducts aims at completing expansion by FY26
23.5 hours ago — The Hindu Business -
‘Slide in tomato prices aid an 8% dip in veg. meal costs’
Crisil’s monthly food plate cost tracker for August shows onion, potato prices surge more than 50% keeping actual price paid by consumers for a vegetarian plate at second highest over the past year23.5 hours ago — The Hindu Business -
‘Technical textiles exports will cross $10 billion by 2030’
23.5 hours ago — The Hindu Business -
HUL constitutes committee to discuss the way forward for ice-cream business
In its stock exchange filing, the company said that the board also accorded its approval to explore potential structures and alternatives for the same23.5 hours ago — Business Standard -
Kross Raises Rs 149 Crore From Anchor Investors
Nine domestic mutual funds have applied through 13 schemes and collectively netted 62.67% of the anchor portion.1 day ago — Bloomberg Quint -
Nykaa appoints Sukhleen Aneja as business head to drive Kay Beauty
Announcing Aneja's appointment, Nykaa, in a release, said her role will focus on propelling growth for Kay Beauty in international markets on the back of a successful launch in India1 day ago — Business Standard -
Funds with $350 billion are exposed to S&P’s new index-cap rules
Index-tracking stock funds worth $350 billion will undergo significant changes as S&P Dow Jones Indices revises its rules to limit the dominance of large companies. The new methodology will rebalance weightings across sector indexes, affecting major ETFs and reducing concentration risk in the equity market.1 day ago — Economic Times -
Mazagon Dock Bags Order Worth Over Rs 1,486 Crore From ONGC
The defence manufacturer is supposed to execute the order by Feb. 28, 2026, it said.1 day ago — Bloomberg Quint -
Peak XV Partners sells 22% stake in Indigo Paints for Rs 1,557 crore
After this transaction, shareholding of Peak XV Partners Investments IV has declined to 1.54 per cent from 12.14 per cent, while Peak XV Partners Investments stake has come down to 1.65 per cent1 day ago — Business Standard -
Congress launches fresh attack on Sebi chief Buch over rental income
Income of Rs 2.16 cr from firm linked to Wockhardt, a company under investigation1 day ago — Business Standard
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