The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 81.81 against the dollar, registering a loss of 14 paise over its previous close. On Tuesday, the rupee appreciated [...]
Adani group's open offer to acquire an additional 26 per cent stake in the media firm New Delhi Television (NDTV) from the market would start from Tuesday. The offer, for which a price band of Rs 294 per share has been fixed, will open on November 22 and closes on December 5, said a notice [...]
The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to [...]
Shares of Five Star Business Finance on Monday made a tepid market debut, listing with a discount of 5 per cent, against the issue price of Rs 474. The stock listed at Rs 449.95, registering a decline of 5 per cent from the issue price on the BSE. It later bounced back and was trading [...]
Shares of Archean Chemical Industries Ltd listed on the stock exchanges with a premium of nearly 11 per cent against the issue price of Rs 407 on Monday, the first day of trade. The stock made its debut at Rs 449, higher by 10.31 per cent on the BSE. Later, it jumped 16.96 per cent [...]
The government has raised the penalty amount to up to Rs 500 crore for violating the provisions proposed under the draft Digital Personal Data Protection Bill 2022 issued on Friday. The draft personal data protection bill in 2019 proposed a penalty of Rs 15 crore or 4 per cent of the global turnover of an [...]
Tata Motors on Thursday said it has bagged an order for 1,000 buses from Haryana Roadways. The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract. "The delivery of these buses will further fortify our partnership with the Haryana government and help in [...]
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas [...]
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last date for submitting binding bids for Reliance Capital Ltd (RCL) and its subsidiaries is November [...]
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles [...]
