Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate firms in the country. It has a major presence in Mumbai-Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru. Godrej Properties on Wednesday said its board has approved Rs 155 crore for repair work in its completed housing project 'Godrej [...]
CRED is a Bangalore based fintech company that offers short term credit lines and peer-to-peer payments service. CRED now extends the power of credit cards to a seamless, secure and rewarding UPI experience Bengaluru, Karnataka, India. CRED, in collaboration with NPCI has launched RuPay credit card-based UPI payments on CRED for members. CRED currently supports [...]
Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator SEBI's go ahead to raise funds through an initial share-sale. The IPO consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities -- Sat [...]
Hero MotoCorp on Wednesday announced an increase in prices of the newly launched Harley-Davidson X440 by Rs 10,500 across all variants. The model was launched last month at an introductory price range of Rs 2.29 lakh to 2.69 lahks (ex-showroom). The Harley-Davidson X440 will now start from Rs 2,39,500 onwards (ex-showroom, Delhi). This price increase [...]
An entity on Thursday offloaded shares of Piramal Enterprises for Rs 575 crore through open market transactions. According to the block deal data available with the BSE, SmallCap World Fund Inc sold a total of 61,09,068 shares of Piramal Enterprises 17 tranches. The shares were disposed at an average price of Rs 941.15 apiece, taking [...]
Amara Raja Electronics Ltd on Thursday said it has acquired a stake in engineering design firm Design Alpha. The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and manufacturing (ESDM) company, unlocking numerous opportunities in the electronics manufacturing business, the company said in a statement without disclosing the [...]
Billionaire Gautam Adani-led group's renewable energy firm on Thursday announced plans to raise Rs 12,300 crore through a share sale to investors as the group continues to build on a comeback strategy to emerge out of allegations of fraud levelled by a US short-seller. Adani Green Energy Ltd in a stock exchange filing said its [...]
Tata Steel on Thursday its consolidated production declined to 7.08 million tonnes (MT) in the first quarter of FY24. The company's consolidated production was at 7.67 MT during April-June of the preceding financial year, Tata Steel said in a statement. Consolidated deliveries however rose 7.97 pc to 7.04 MT from 6.52 MT in the same [...]
The Indian Oil Corporation Limited (IOCL), Chennai, has committed to invest Rs 54,000 crore in various projects in Tamil Nadu in the next few years, including a 9 MMTPA (million metric tonnes per annum) grass-root refinery at an estimated cost of Rs 35,580 crore, its executive director and state head (TN & Puducherry) V C [...]
State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers who can now explore the bank’s products and services such as bank deposits, retail/MSME loans, digital products, women/senior [...]
