To bring transparency in expenses and curb mis-selling, markets regulator Sebi has asked alternative investment funds (AIFs) to provide an option of "direct plan" for investors and introduced a trail model for distribution commission. In addition, the regulator came out with guidelines with respect to excluding an investor from an investment of AIF. This came [...]
Kalpataru Power Transmission Ltd (KPTL) share currently trades at Rs 537 gaining around 3.5 percent. The stock witnessed an intra-day high figure of Rs 545 which is an upside of around 5 percent as compared to the previous closing price of Rs 518.80. Yesterday, in a recent filing with the exchange, the company announced that [...]
Delphi-TVS Technologies, a joint venture between diversified conglomerate TVS Group and auto-component major BorgWarner, has lined up investments worth about Rs 450 crore over the next three years to take up capital expansion plan at its manufacturing facility here. Delphi-TVS Technologies, which commenced production of common rail system in 2009 has reached milestone production of [...]
Apple will next week open its first retail store in India, in signs of importance the iPhone manufacturer attaches to the world's fastest growing smartphones market. The company will open its first official store in Mumbai on April 18 and the second in Delhi on April 20. The company at present sells its products in [...]
Small businesses focused fintech Ugro Capital on Tuesday said it will raise Rs 340 crore in equity capital through a preferential allotment and qualified institutional placement. The company said its board approved Rs 240 crore worth of shares to IFU (Investeringsfonden for Udviklingslande), a Danish sustainable development goals investment fund, on a preferential allotment basis. [...]
Beauty and skincare brand VLCC, now controlled by Global investment firm Carlyle, on Tuesday announced the appointment of Vikas Gupta as CEO with immediate effect. The leadership change comes after Carlyle, in December 2022 announced the acquisition of a majority stake in the homegrown firm, a company statement said. Vikas Gupta succeeds Jayant Khosla. Prior [...]
Japanese lender JICA has teamed up with Citibank to provide a USD 125 million funding line to domestic private sector lender Indusind Bank. Indusind will be utilising the co-finance funding for onlending to the agricultural sector in the country, as per an official statement issued on Tuesday. The funding includes a JPY 13 billion (approx [...]
Shares of Kotak Mahindra Bank jumped 5.6 percent in early trades on Tuesday to reach an intraday high of ₹ 1859.00 apiece on the National Stock Exchange (NSE) after the reduction of FII stake in the bank raised expectations of $690 million inflows. According to the shareholding pattern of Kotak Mahindra Bank, FIIs have reduced [...]
Homegrown Jakson Green on Tuesday said it has bagged renewable energy projects totaling 1 GW of capacity in the domestic as well as international markets. The projects are to be set up through engineering, procurement and construction (EPC) mode for the customers in India, Africa and Middle East regions, Jakson Green said in a statement. [...]
With a market capitalization of ₹ 71,999 crores, ABB India is a large-cap company with operations in the industrial sector. It manufactures power equipment and supplies a complete range of engineering, products, solutions and services in areas of automation and power technology. The shareholding pattern of ABB India shows that FIIs have been increasing their [...]
