Wow Skin Science, a beauty and wellness focused brand, on Wednesday said it has received funds from Singapore's sovereign wealth fund GIC. The company did not disclose the amount received but said it wants to invest the fresh capital in brand building and talent acquisition. It will also be looking at acquisition-led growth opportunities, an [...]
Cooling products maker Blue Star has doubled its production capacity of deep freezers as the company looks to tap the rising demand in the commercial refrigeration business. The company has augmented its manufacturing facility at Wada, Maharashtra with a capital expenditure of around Rs 130 crore. Now, it has the capacity to produce around 2 [...]
IndusInd Bank on Wednesday said it has sold over 38 lakh shares of Birla Tyres Ltd in tranches in the last one week on invocation of pledged shares. On May 10, the private sector lender had acquired 1,45,63,787 equity shares equivalent to 10.214 per cent of paid-up equity share capital of Birla Tyres Ltd on [...]
Artificial intelligence and data are key differentiators for enterprises at present and the change in technology consumption reflects the prevailing trends in the economy, Tata Group chairman N Chandrasekaran said in the TCS annual report released on Wednesday. He said that the past couple of years has been a period of intense action and reflection [...]
Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 5 lakh on an entity for non-genuine trades in the illiquid stock options on BSE. The fine has been imposed on Rajendra Kumar Bubna HUF. The order came after Sebi observed large scale reversal trades in the illiquid stock options segment on BSE, leading [...]
A Delhi High Court judge Wednesday recused himself from hearing the bail plea by former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the co-location case being probed by the Central Bureau of Investigation. Justice Talwant Singh directed that the matter be listed for hearing on Friday [...]
JK Lakshmi Cement on Wednesday reported an 18.36 per cent increase in its consolidated net profit to Rs 188.36 crore for the fourth quarter ended in March 2022, helped by improvement in operational efficiencies and higher volume. The company had posted a profit of Rs 159.13 crore in the January-March period a year ago, JK [...]
The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its Chief Executive Officer, replacing incumbent Ronojoy Dutta. The 71 year-old Dutta, who came to helm the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent Covid period, IndiGo said in [...]
The initial share sale of speciality chemicals company Aether Industries will open for public subscription on May 24. According to the Red Herring Prospectus (RHP), the three-day Initial Public Offering (IPO) will conclude on May 26. The bidding for anchor investors will open on May 23. The company has cut the size of the fresh [...]
Shares of Ruchi Soya Industries Ltd jumped 10 per cent on Wednesday as Patanjali Ayurved decided to sell its food retail business to the firm. The stock zoomed 9.59 per cent to settle at Rs 1,186.85 on the BSE. During the day, it rallied 10 per cent to Rs 1,191.30. On the NSE, it jumped [...]
