Social media platform Twitter has started rolling out a grey tick verification mark for government-related accounts and a golden tick mark for companies while the rest of the verified accounts will get a blue tick mark. With the rollout, Twitter has replaced the blue tick mark of the Government of India's handle with a grey [...]
Indian equities will continue to witness strong investor interest next year as well, and are expected to gain nearly 14 per cent over Tuesday's close, a domestic brokerage said. The 50-share benchmark Nifty is estimated to be at 20,922 points by the end of 2023, which is nearly 14 per cent higher than the 18,385.30 [...]
The government has approved Rs 357.17 crore for Apple's vendor Foxconn India and Rs 58.29 crore for Dixon Technologies subsidiary Padget Electronics under the Production-Linked Incentive scheme for mobile phones. This is the first time the government has cleared an incentive of a global company engaged in electronics manufacturing in the country. "Foxconn Hon Hai [...]
Home-grown FMCG major Dabur India on Tuesday said its promoters the Burman family have sold shares amounting to about 1 per cent stake in the company through the open market to raise funds for financing some ventures. "Burman family, who are part of the majority shareholders of Dabur India Ltd, have sold approximately 1 per [...]
The Indian gas industry seems to be all set for a rapid turnaround ahead after the Petroleum and Natural Gas Regulatory Board (PNGRB) announced multiple changes to pipeline tariff regulations. These changes are with respect to volume, capacity, tax rate, opex, and more. According to the analysts from the brokerage from ICICI Securities, Gujarat State [...]
Shyam Metalics and Energy Ltd on Tuesday said it has forayed into the stainless steel business by acquiring Mittal Corp Ltd in an NCLT-led resolution process. The company will invest about Rs 7,500 crore over the next 4-5 years to scale up its metal business, Shyam Metalics vice-chairman and managing director Brij Bhusan Agarwal said. [...]
The Competition Commission of India (CCI) on Tuesday said it has approved Woodhall Holdings Ltd's acquisition of a minority stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The deal has been cleared under the green channel route. Under this framework, transaction which does not raise any risk of an appreciable adverse effect on competition [...]
MSME-focused shadow lender Trucap Finance has announced two deals -- buying out the retail MSME book of the Jalandhar-based EZ Capital in a share swap deal and a Rs 105 crore funding in a mix of equity and debt from the Mauritius-based fund Zeal Global. The city-based NBFC has a loan book of around Rs [...]
Building material manufacturer Visaka Industries Ltd on Tuesday said its Rs 130-crore plant that is being built in West Bengal will be operational by August 2023. The project will raise the total capacity of environment-friendly boards and panels to 3.5 lakh tonne, a company official said. This will be Visaka’s fifth cement fibre board plant [...]
Logistics firm Delhivery on Tuesday announced that it will acquire Pune-based supply chain solutions provider Algorhythm Tech to strengthen its offerings in this space. Post completion of the transaction, which is expected to be completed by next month, Algorhythm Tech will operate as a wholly-owned subsidiary of the company, Delhivery Ltd said, without disclosing the [...]
