The Board of Directors of Abbott India have recommended a final dividend of 1450% and a special dividend of 1300% on the face value of their shares. Abbott India is a large-cap pharmaceuticals firm with a market capitalization of 37,976 crores. Their shares have a face value of ₹10 apiece. This sums up to a [...]
Tea cafe chain Chaayos on Thursday said it has raised USD 53 million (around Rs 414 crore) for tech enhancement, hiring and store expansion as it plans to add 100 stores by the end of this year. The company said the funding round was led by Alpha Wave Ventures with participation from all existing investors [...]
Indian equity benchmarks traded in the green on Thursday, led by gains in IT and Auto stocks. A fall in oil prices boosted domestic sentiment. At 11:20 AM, the Nifty 50 was trading at 15617.45 points, 1.32% or 204.15 points higher than its previous close. The BSE Sensex was trading at 52,478.53 points, 1.27% or [...]
The shares of Axis Bank Ltd have made a new 52-week low of ₹621.25 as of Wednesday. The stock is currently trading at ₹625.55 as of IST 13:45. The share is at a discount of 27.87% from its 52-week high The RSI indicator on the daily charts is at 31.48 points, which indicates that the [...]
Edible oil prices in the retail market have started easing with softening of international rates and the government's timely intervention, Food Secretary Sudhanshu Pandey said on Wednesday. As per government data, the average retail prices of packaged edible oils have ease slightly, except for groundnut oil, across the country since the beginning of this month [...]
Domestic air passenger traffic saw a strong recovery in demand as Indian carriers flew 1.20 crore passengers on the local routes in May, logging nearly five-fold year-on-year volume growth, DGCA data showed on Wednesday. Domestic air passenger traffic in May 2021 stood at a meager 21-lakh, as per the Directorate General of Civil Aviation (DGCA) [...]
Pitching for urgent reforms in the agro-chemicals sector, Dhanuka Agritech Group Chairman RG Agarwal on Wednesday demanded that the government should reduce goods and services tax (GST) on pesticides to five per cent from the current 18 per cent in line with farm inputs like seeds and fertilisers. Agarwal also urged the government to bring [...]
Bharti Airtel International (Netherlands) BV, which manages Airtel's Africa business, has issued a tender offer to buy back up to USD 300 million (about Rs 2,348 crore) of senior notes, the country's second largest telecom company said on Wednesday. The company's tender offer to purchase USD 300 million worth of its 5.35 per cent guaranteed [...]
Capital markets regulator Sebi on Wednesday sent a notice to Future Enterprises asking it to pay over Rs 5 lakh in a matter pertaining to disclosure lapses about initiation of arbitration proceedings against Future Group by Amazon. The regulator also warned the company of attachment of assets and bank accounts if it fails to make [...]
Bengaluru-based startup GIVA, which sells silver jewellery, has raised funds from investors led by Aditya Birla Ventures to expand its business. In a statement, GIVA said it has completed a Series B round of funding led by Aditya Birla Ventures and A91 Partners, along with the participation of Sixth Sense Ventures. The company did not [...]
