The shares of Rakesh Jhunjunwala-owned Nazara Technologies were up more than 18.5% in the early hours of trading on Friday. The stock climbed to touch its high of ₹ 618.84 per share as of 9:39 IST, up ₹ 98 from its previous day's adjusted closing price of ₹ 520.90 per share. It must be noted [...]
Electronics manufacturing services company Foxconn chairman Young Liu on Thursday met Vedanta Group's managing director Akarsh Hebbar to discuss the roadmap of their proposed electronic chip manufacturing plant and its location. Vedanta and Foxconn had signed a memorandum of understanding in February to form a joint venture company in India. Vedanta will hold 60 per [...]
The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital assets. The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify all relevant supplies associated [...]
The Centre can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices and additional spending on subsidies, a German brokerage said on Thursday. Meeting the budgeted target will be possible if there is no further cut on excise duties, Deutsche Bank's [...]
A division bench of the Bombay High Court on Thursday dismissed the petition filed by Dish TV's promoter group firm, seeking to restrain Yes Bank from voting at the DTH operator's extraordinary general meeting. Promoter group entity World Crest Advisors LLP had earlier challenged the June 17 order passed by the single bench of the [...]
The shares of luggage-maker VIP Industries Limited which owns famous brands such as Skybags, Carlton, and Caprese have climbed almost 20% in the previous 10 trading sessions. As of 12:30 IST, the stock was trading at ₹ 619.45 per share, up 19.95% from the price of ₹ 516.56 it registered at 10 AM on 13 [...]
The World Bank has approved a USD 245 million loan to support India's efforts to modernise rail freight and logistics infrastructure, the international financial institution said in a statement on Wednesday. The Rail Logistics project will help India shift more traffic from road to rail, making transport -- both freight and passenger -- more efficient [...]
EKI Energy Services Limited has fixed 1st July 2022 as the record date for the issue of bonus shares. The board of directors had considered and approved the recommendation for a bonus issue of three equity shares for every one share held. The company in the exchange filing informed that “The Board of Directors fixed [...]
Merchant commerce platform Pine Labs on Thursday announced the acquisition of Bengaluru-based API fintech startup Setu in a deal valued at USD 70-75 million. The deal will entail a mix of cash and equity. Commenting on the acquisition, B Amrish Rau, CEO of Pine Labs, said: "Setu will make an incredible addition to the Pine [...]
IIFL Finance is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday. The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing. "The board of directors of the company at their [...]
