SEBI on Thursday extended the auction of 15 properties belonging to seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors, to August 31 to recover money illegally collected from investors. The other firms whose properties will be auctioned are: Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP [...]
Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 % of its total car sales in the next three years, growing from the current levels of 3-4%. Mercedes-Benz on Thursday launched the GLC, its new petrol/diesel SUV, in [...]
Adani Group of Companies’ shares have been having a rough time of slumps and volatility and negative press and investor sentiment as uncertainty builds over SEBI registration. Amidst the chaos, on Thursday the shares of Adani Power climbed over 2% after US-based boutique investment firm GQG Partners along with other investors bought an 8.1% stake [...]
PSU Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen as it looks to transform into a low-carbon energy player. The company stated it is aligned with the nation's goal to cut carbon emissions by 1 billion [...]
Godrej Properties' net debt rose 45% QoQ in Q1 ‘24 to Rs 5,298 crore and debt-equity ratio stands at 0.56. owing to aggressive land purchase across major cities, stated an investor presentation. Since April last year, Godrej Properties has been aggressive in new business development under which the company is purchasing land outright and also [...]
HDFC Group on Thursday announced the launch of its life insurance and asset management services at International Financial Services Centre (IFSC) in Gujarat's GIFT City. Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India and is India's first operational greenfield smart city and international financial services centre. [...]
Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions. GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy. [...]
InterGlobe Aviation's promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions. Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country's largest airline IndiGo. The shares were sold [...]
Financial services provider Religare Enterprises Limited (REL) offers a variety of products. The company's main areas of concentration include loans, health insurance, and retail broking. The Burman Family on Wednesday acquired a 7.5 per cent stake in diversified financial services group Religare Enterprises for Rs 534 crore through open market transactions. Following the stake purchase, [...]
IndiGo is one of the world's fastest-growing airlines and the largest and most popular passenger airline in India. The Directorate General of Civil Aviation (DGCA) has approved flights of IndiGo to Tashkent, Uzbekistan. On Wednesday, the airline announced that it would start services to Tashkent on September 22. A senior official on Thursday said the [...]
