Shares of IDFC tanked more than 7 per cent in early trade on Thursday, a day after the company announced the divestment of its asset management business to a consortium of Bandhan Financial Holdings, GIC and ChrysCapital for Rs 4,500 crore. The stock tumbled 7.16 per cent to Rs 63.50 on the BSE. At the [...]
New Delhi, Apr 7 (PTI) JSW Energy on Thursday announced that its subsidiary has commenced operations of a 225 MW solar plant at Vijayanagar in Karnataka. This project is part of the earlier announced 958 MW solar and wind projects, for which power purchase agreements were signed with JSW Steel, under the group captive scheme. [...]
Two entities -- Tamara and Pace -- on Wednesday offloaded shares of casual dining chain Barbeque Nation Hospitality for an estimated Rs 669 crore through open market transactions. Those who picked up the shares of the Bengaluru-based casual dining chain are -- ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, BNP Paribas Arbitrage, Massachusetts Institute [...]
New Delhi, Apr 6 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Ananda Divine Developers. A two-member Delhi-based Principal bench of the NCLT had on March 25 admitted a plea filed by ICICI Prudential Venture, claiming a due of Rs 25 crore. The insolvency tribunal has appointed Harish Taneja as the [...]
New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure between 2008 and 2019, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the Comptroller [...]
New Delhi, Apr 6 (PTI) A consortium of Bandhan Financial Holdings, GIC and ChrysCapital will acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country's asset management space. The deal is subject to receipt of necessary regulatory approvals and customary closing conditions, according to a regulatory filing. IDFC [...]
New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure between 2008 and 2019, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the Comptroller [...]
New Delhi, Apr 6 (PTI) Private lender DCB Bank on Wednesday said the RBI has approved the re-appointment of MD and CEO Murali M Natrajan for two years. "We wish to inform you that approval has been received from the Reserve Bank of India (RBI) for the re-appointment of Murali M Natrajan as the Managing Director & [...]
New Delhi, Apr 6 (PTI) Walmart group firm Flipkart on Wednesday announced its foray into the healthcare segment by launching a new app Flipkart Health Plus to leverage its reach and serve more than 20,000 pin codes across the country.Flipkart Health Flipkart Health Plus platform will onboard over 500 independent sellers with a network of [...]
New Delhi, Apr 6 (PTI) Health-tech firm Doceree has raised USD 11 million (about Rs 83.5 crore) in a Series A funding round led by investment firm Fidelity-backed Eight Roads Ventures. F-Prime Capital and Alkemi Growth Capital also participated in the round. "Doceree will use the funds to scale its global operations, expand partnerships, augment [...]
