Tata Motors on Thursday said it has bagged an order for 1,000 buses from Haryana Roadways. The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract. "The delivery of these buses will further fortify our partnership with the Haryana government and help in [...]
U.S. investment fund Blackstone Inc on Thursday said that it would buy a 52 per cent stake from the promoters of a smallcap Indian IT company for $ 359 million or ₹ 2904 crores. It has signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems [...]
The Initial Public Offering (IPO) market in India was muted in the first half of 2022. However, in the last few months the market has picked up and multiple companies have listed in the market. Out of the Mainboard IPOs and Small and medium enterprises (SME) IPOs, the latter has delivered higher returns this year. [...]
The shares of Hindustan Zinc are on an uptrend and have gained 8% in the past three days. Its shares closed at ₹ 319.15 apiece on Wednesday. The company informed the exchanges that its board will be meeting on Wednesday to consider and approve a second interim dividend, if any, for the financial year 2022-23. [...]
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas [...]
The shares of Tata Consultancy Services Limited (TCS) were trading in green at Rs 3,349 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 5 per cent. The Tata group IT giant became the lone bidder for the much-awaited Bharat Sanchar Nigam Limited (BSNL) 4G rollout soon. TCS [...]
The shareholders of Tata Consumer Products Ltd (TCPL), Tata Coffee Ltd, and TCPL Beverages approved the reorganisation scheme on November 12th. Under the scheme, the business of Tata Coffee ltd will be merged with the other two companies. Under the scheme, Tata Coffee (TCL) will be merged with Tata Consumer Products and its wholly-owned subsidiary. [...]
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last date for submitting binding bids for Reliance Capital Ltd (RCL) and its subsidiaries is November [...]
Gains across IT and financial shares, amid choppy trade, pulled benchmark indices higher on Wednesday. Reversing initial losses, the BSE Sensex and the NSE Nifty 50 touched their respective 52-week highs. Investors, especially those with conservative risk profiles usually invest in large-cap stocks to meet their long-term goals. These stocks are ideal for stable and [...]
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles [...]
