The initial public offer of drone maker ideaforge Technology Limited was subscribed 13.27 times on the second day of share sale on Tuesday. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, [...]
BLS International Services is planning to invest Rs 2,000 crore over the next three years in the domestic and international markets, its Joint MD Shikhar Aggarwal has said. BLS International Services provides numerous tech-enabled services to governments and individuals in various geographies. "We have plans to invest over Rs 2,000 crore in domestic and global [...]
A Kotak Mahindra Bank arm on Tuesday announced a Rs 450 crore investment in automobile components company Viney Corporation and its promoter Brijesh Aggarwal. As part of the deal, Kotak Strategic Situations India Fund II, which is managed by Kotak Investment Advisors, has helped Aggarwal acquire a majority stake in the company, clean up the [...]
Leading bourses BSE and National Stock Exchange (NSE) and money markets will remain closed on Thursday on account of Eid al-Adha also known as Bakrid. Earlier, the holiday was scheduled for June 28. The markets are now open on Wednesday. The change came after the Maharashtra government declared June 29 a public holiday as the [...]
Benchmark equity indices ended higher on Tuesday helped by buying in banking and financial counters, mainly HDFC twins, amid a mixed trend in the global markets. The 30-share BSE Sensex jumped 446.03 points or 0.71 per cent to settle at 63,416.03 points. During the day, it advanced 497.54 points or 0.79 per cent to 63,467.54 [...]
Electronic manufacturing services firm Cyient DLM Ltd announced that it has mobilised Rs 260 crore from anchor investors. The company has allocated 97.98 lakh equity shares to 20 funds at an average price of Rs 265, according to a BSE circular. Amansa Holdings, Societe Generale, BNP Paribas, Catamaran Ekam are among the anchor investors. In [...]
The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on Tuesday. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters here. The merger of [...]
Amara Raja Infra Pvt Ltd (ARIPL), part of the USD 1.75 billion Amara Raja Group, has accomplished a significant achievement by securing a new solar project worth USD 130 million in Bangladesh. A press release from Amara Raja said the venture serves as ARIPL’s entry into the international solar market, marking a new milestone for [...]
IT major Infosys has bagged a digital transformation deal from Denmark-based Danske Bank estimated to be around USD 454 million for five years, the company said on Monday. As part of the strategic collaboration with Danske Bank, Infosys will acquire Danske Bank's IT centre in India, which employs 1400 digitally skilled professionals "Danske Bank, a [...]
City Union Bank on Monday said it will raise Rs 500 crore through the Qualified Institutional Placement (QIP) route to fund business growth. The board of directors at a meeting approved raising of further capital through the QIP route to the tune of Rs 500 crore, City Union Bank said in a regulatory filing. The [...]
