Indiabulls Housing Finance Ltd has raised Rs 91.64 crores as its Securities Issuance and Investment Committee approved the allotment of approximately 9.16 lakh non-convertible debentures (NCDs) with a face value of Rs 1,000 each on a public issue basis. The company opened its trading hour today at Rs 99.25 and currently trades at Rs 95.85. [...]
Cash-strapped Pakistan has received a rollover of USD 2 billion in deposits for a period of one year from its all-weather ally China to help Islamabad get a much-required bailout from the IMF to stabilise its economy, a media report said on Friday. The rollover, which basically is not a loan but a financial deposit [...]
Equity benchmark indices Sensex and Nifty buckled under selling pressure for the second straight session to settle nearly 1 per cent lower on Friday as investors pared exposure to the metal, energy and realty stocks amid a bearish trend in Asian and European markets. Besides, a depreciating rupee against the US dollar and fresh foreign [...]
Electric mobility startup Motovolt on Friday said it has acquired an undisclosed stake in German electric two-wheeler maker eROCKIT AG for 1 million euros (nearly Rs 9 crore). The company plans to further invest around 10 million euros (nearly Rs 90 crore) in India for industrialisation of the latter's products, Motovolt said in a statement. [...]
LIC Mutual Fund had started its process of absorbing IDBI Mutual Fund in the mid of 2022 and finally some big developments are taking place with respect to the same. The Competition Commission of India, on Wednesday, approved the proposal of LIC’s Mutual Fund arm ‘LIC Mutual Fund Asset Management’ to acquire the management rights [...]
Superior health and safety protection solutions provider Ansell has unveiled its Go Live Ansell Kovai, packing and irradiation operations in the country set up at an investment of about USD 80 million, a top official said on Friday. The facility at Perundurai in Erode district would initially focus on manufacturing surgical and life sciences products [...]
The government on Friday said there is a shortage of feedstock cracker in the petrochemicals sector and more private investments are required in the sector to reduce imports. Addressing an Assocham-organised conclave on speciality chemicals, Chemicals and Petrochemicals Secretary Arun Baroka said with electric vehicles coming up and demand for petrol/diesel set to reduce, automatically [...]
State-owned CIL on Friday said it is making all efforts to supply higher quantities of coal to the non-regulated sector (NRS) without affecting supplies to the power sector, through increased production. The statement comes days after the maharatna firm stated that it is gearing up to meet the demand of coal from the power sector [...]
Logistics company DP World on Friday announced entering into a partnership with Delhi Capitals cricket team of Indian Premier League (IPL). "DP World is now the Global Logistics Partner of the popular cricket franchise. As part of the long-term partnership, it will provide the necessary logistical support and expertise to Delhi Capitals team throughout the [...]
Shares of mutual fund asset management companies tanked on Friday after the Finance Bill 2023 proposed an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains. HDFC Asset Management Company’s shares fell 5.20%, UTI Asset Management Company’s shares slipped 4.40% and Aditya Birla Sun Life AMC’s shares dropped [...]
