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Corporate Affairs
Sebi unveils new framework for ETFs, index funds
Mumbai: The Securities and Exchange Board of India (Sebi) announced a new framework for managing passive funds — exchange traded funds (ETFs) and index funds — amid growing popularity of such funds as an investment product for retail…
Maruti’s third Haryana unit by 2025; ‘full capacity in 8 years’
Maruti Suzuki on Friday signed a pact with the Haryana government to set up its third plant in the state, for an investment of Rs 18,000 crore. Haryana Chief Minister Manohar Lal Khattar said the facility is expected to generate 13,000 jobs…
Ethos IPO: Everything you need to know
The initial public offering (IPO) of luxury watch retailer Ethos opened for subscription on Wednesday, May 18, 2022. The offer was subscribed 27 per cent by the end of the first day of bidding.
It received total bids for 10,71,000 shares…
SC dismisses plea to review verdict on removal of Cyrus Mistry as Tata Sons head
The Supreme Court dismissed Thursday a petition filed by Shapoorji Pallonji Group against its March 26, 2021, ruling that approved the decision of Tata Sons to remove Cyrus Pallonji Mistry as the executive chairman and director of the group…
Aster DM Healthcare ties up with Skye Air Mobility, a drone logistics firm
Bengaluru: Aster DM Healthcare, India's leading private healthcare service providers, has signed a partnership alliance with Skye Air Mobility, a leading drone-technology-based logistics firm for transforming healthcare delivery…
ACC, Ambuja Cements shares rally after Holcim India deal
NEW DELHI: Shares of ACC and Ambuja Cements were in huge demand on Monday after Gautam Adani's group clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion.
The stock of ACC jumped 3.70…
Vodafone shares on London’s FTSE rally as UAE becomes biggest investor
LONDON: Shares in Vodafone jumped Monday after the British telecoms giant confirmed that state-controlled Emirates Telecommunications Group Company had become its biggest investor.
Vodafone announced in a statement that the group --…
Adani Group seals $ 10.5 billion Holcim deal to acquire Ambuja, ACC
New Delhi: Billionaire Gautam Adani-led Adani Group on Sunday announced to acquire Swiss cement maker's entire stake in Ambuja Cements and ACC Ltd for $ 10.5 billion. With Adani signing the definitive agreement for the acquisition, it…
Legal backing for Right of Way by December, says Telecom Minister
NEW DELHI: Telecom Minister Ashwini Vaishnaw on Saturday said legal backing for Right of Way (RoW) will be in place by December, and launched the GatiShakti Sanchar portal that will centralise and speed up approvals for laying of fibre and…
ZEE launches technology, innovation centre in Bengaluru
BENGALURU: Zee Entertainment Enterprises Ltd. (ZEE) has announced the launch of its technology and innovation centre in Bengaluru.
The facility was inaugurated by the Karnataka Chief Minister Basavaraj Bommai, in the presence of…
Tesla, Twitter shares drop as Elon Musk’s legal issues grow
DETROIT: Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform.
Of the two, Musk's…
Grid Dynamics launches its first India Operations from Hyderabad
Hyderabad, May 9: Grid Dynamics, a leader in enterprise-level digital transformation services and solutions, on Monday announced the opening of Grid Dynamics India in Hyderabad, as part of its ongoing global expansion efforts. Grid…
RIL recommends Rs. 8 dividend per equity share
Mumbai, May 6: On the back of strong performance across various segments, Mukesh Ambani-led oil-to-telecom behemoth Reliance Industries Ltd (RIL) on Friday reported 22.49% rise in consolidated net profit at Rs 16,203 crore for the…
Blue Dart Q4 results: Net profit up 52 pc
New Delhi, May 5: Blue Dart Express Limited on Thursday reported an increase of 52 per cent in its consolidated profit at Rs 1370 million for the Q4 of financial year ended March 31, 2022. The company posted Rs 1,354 million standalone…
Exports of Indian pharma touched Rs 1.83 lakh crore in FY ’22
New Delhi, May 1: Export of Indian pharma touched Rs 1,83,422 crore in the financial year 2021-22, an official statement said on Sunday. The pharma exports in 2021-22 sustained a positive growth despite the global trade disruptions and…
Meesho records over 100 million transacting users as Bharat Goes Online
Kolkata, April 28: Meesho, an internet commerce company, has acquired over 100 million transactors on its platform in the last one year alone. Since March 2021, the transacting user base on the platform has grown by 5.4X and gross…
Bodhi Tree Systems to invest Rs 13500 cr in Viacom18
Mumbai, April 27: Billionaire Mukesh Ambani led Reliance Industries on Wednesday said a consortium led by Bodhi Tree Systems will invest Rs 13500 crore in Viacom18 to form one of the largest TV and digital streaming companies in India.…
Reliance Ind: Deal with Future group cannot be implemented
New Delhi, Apr 23: A day after secured creditors of Future Retail rejected the Rs 24,713 crore deal with Reliance Group, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said that the scheme of arrangement cannot…
ICICI Bank Q4 results: PAT up 59 pc
New Delhi, April 23: ICICI Bank on Saturday reported a 59 per cent year-on-year growth in Profit After Tax (PAAT) at Rs 7,019 crore for the fourth quarter ending March 31, 2022. Core operating profit (profit before provisions and tax,…
Vedanta’s Anil Agarwal for corporatization of PSUs
Mumbai, April 21: At a time when the Department of Investment and Public Asset Management (DIPAM) is in an advanced stage of monetization of several PSUs, Vedanta Resources Chairman Anil Agarwal on Thursday said the government should…