Zinc oxide manufacturer JG Chemicals has filed preliminary papers with capital markets regulator Sebi 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 [...]
The CBI has filed a new case against Unitech Limited and its former directors in connection with an alleged fraud in the IDBI bank involving an amount of Rs 395 crore, officials said. Nearly six months after a complaint from the bank, the Central Bureau of Investigation (CBI) has booked the company and its former [...]
Telecom operator Bharti Airtel on Friday announced the launch of its 5G services in Hissar and Rohtak, expanding the reach of the new age hi-speed network in Haryana. Airtel's 5G services are already live in Gurugram and Panipat. "Hissar and Rohtak gets ultrafast Airtel 5G Plus services in addition to Gurugram and Panipat," the company [...]
After facing a setback at NCLAT, which refused to stay a CCI order on abuse of dominant position in multiple markets in the Android mobile device ecosystem case, Google is mulling approaching the Supreme Court, according to sources. When contacted, Google declined to comment on the matter. While Google remained tightlipped about its next move, [...]
The Varde Partners-Arena consortium has emerged as the highest bidder after it submitted a revised bid on Thursday with an additional cash component of Rs 3,600 crore for the two Srei group of companies under the insolvency and bankruptcy process, sources said. It has offered a marginally higher cash component in its earlier bid, which [...]
IDBI Bank on Thursday said the Sebi has permitted the Union government to classify its stake in the bank as "public" after its stake sale on condition that its voting rights do not exceed 15 per cent of the total voting rights. The intention of the Government of India to get its shareholding re-classified as [...]
Shares of Bajaj Finance on Thursday tanked over 7 per cent, with its market valuation falling Rs 28,681.29 crore, after its December quarter updates. The stock tumbled 7.21 per cent to settle at Rs 6,099.85 apiece on the BSE. During the day, it plunged 8.23 per cent to Rs 6,032.25. On the NSE, it went [...]
The CBI has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan in a new bank fraud case involving an amount of Rs 140 crore pertaining to their subsidiary Guruashish Construction, officials said on Thursday. The fresh action was initiated on a complaint from the Union Bank of India against the businessmen who are embroiled in [...]
Electric vehicle charging network developer Statiq on Thursday said it has bagged a contract from Rajasthan Electronics & Instruments Ltd (REIL) to supply 253 fast chargers. These fast chargers are for four-key highway projects connecting Agra-Lucknow, Meerut-Gangotri, Chennai-Bellary, and Mangaldai-Wakro, the company said in a statement. "While this is an outright sale, Statiq will maintain [...]
Godrej Properties on Thursday said it has sold 870 units for Rs 435 crore in its housing project at Ahmedabad, Gujarat. In a regulatory filing, Godrej Properties informed that it has sold over 1 million square feet of area at the launch of a new phase in its project 'Celeste', which is part of a township, [...]
