GR Infraprojects Ltd on Tuesday said it has emerged as the lowest bidder for two NHAI projects worth Rs 1,613.84 crore. The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing. "Our company has emerged as an L1 bidder in a financial bid for the following tenders invited by [...]
Housing prices rose 8-10 per cent in this fiscal year and may further increase by 5 per cent in 2023-24, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has revised the outlook on the residential real estate sector to neutral from improving for FY24. "The residential real estate market continued its upward [...]
Logistics aggregator Shiprocket on Tuesday said it has collaborated with global e-commerce platform eBay for cross-border shipping solutions to domestic SMEs. As a part of this partnership, all eBay cross-border trade sellers from India will be able to choose its cross-border shipping solution, Shiprocket X, as their shipping partner for eBay shipments, the company said [...]
Zinc oxide manufacturer JG Chemicals has received capital markets regulator Sebi's go-ahead to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 202.50 crore and an offer-for-sale (OFS) of 57 lakh equity shares by its existing promoter group shareholders, according to its draft red [...]
Capital markets regulator Sebi on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. Earlier the deadline was March 31, 2023. In July 2021, the Securities and Exchange Board of India (Sebi) asked all existing eligible trading and demat account holders [...]
Electronic manufacturing services firm Avalon Technologies on Tuesday said it has fixed a price band of Rs 415-436 a share for its Rs 865-crore initial public offering (IPO). The three-day initial share-sale would be open for public subscription during April 3-6 and the bidding for anchor investors will open on March 31, the company announced. [...]
Taiwan-based battery swapping firm Gogoro Inc on Tuesday said it has joined hands with Zomato and Kotak Mahindra Prime to promote fast adoption of electric mobility in the last-mile transportation segment. As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services. "The urban transformation [...]
B2B e-commerce startup Fashinza, which focuses on global fashion supply chains, has secured USD 30 million debt funding from Liquidity Group subsidiary Mars Growth Capital, the company said on Tuesday. The Gurugram-based firm plans to use the funds to fuel its ongoing transition into a global business with significant operations in the USA, Gulf, and [...]
A Kotak Mahindra Bank arm on Tuesday announced that it has raised USD 1.25 billion for its second special situations fund. The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the arm of the private sector lender, under which the fund comes, [...]
Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday. Sri Lanka received 333 million dollars, the first tranche of the USD 3 billion International Monetary Fund (IMF) bailout programme last week to overcome its [...]
