A promoter entity of packaging solution provider Uflex Ltd on Monday bought the company's shares worth Rs 21 crore through an open market transaction. According to block deal data available with the National Stock Exchange (NSE), Flex International Pvt Ltd purchased 3,65,000 shares from Montage Enterprises at an average price of Rs 585 apiece, valuing [...]
The government on Monday said it will pursue recovery of USD 3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields. Reacting to an English High Court last week [...]
Zydus Lifesciences on Monday said its Rs 750 crore-share buyback offer will commence on June 23 and close on July 6. The drug firm, earlier known as Cadila Healthcare, has fixed July 15, 2022 as the last date for the settlement of bids on stock exchanges which may even happen early, as per a regulatory [...]
Gujarat-based Torrent Power on Monday said it has acquired 50-megawatt solar assets from SkyPower Group at an enterprise value of Rs 416 crore. The solar power plant -- a special purpose vehicle (SPV) located in Telangana -- has a long-term Power Purchase Agreement with Northern Power Distribution Company of Telangana Limited (NPDCTL) for 25 years [...]
The government on Monday asked online food business operators like Swiggy and Zomato to submit a proposal within 15 days on improving their consumer grievance redressal mechanism amid rising complaints from customers. "The Department of Consumer Affairs has directed major e-commerce Food Business Operators (FBOs) to furnish the current framework as well as a proposal [...]
Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received capital markets regulator Sebi's go ahead to raise Rs 5,000 crore through an Initial Public Offering (IPO). The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to [...]
Air-conditioner and commercial refrigeration company Blue Star Ltd on Monday announced the appointment of renowned HR expert Anita Ramachandran as an independent director for a term of five years with effect from June 13, 2022. She will also be a member of the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee, the company [...]
Retail inflation eased to 7.04 per cent in May, mainly on account of softening food prices, though it remained above the RBI's upper tolerance level for the fifth consecutive month, government data showed on Monday. The Consumer Price Index (CPI) based inflation was 7.79 per cent in April. In May 2021, the retail inflation stood [...]
The government's spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated on Monday. The growth estimate is less than a 15 per cent jump in the government's IT (Information and Technology) spending in 2021, and higher than the 5 per cent growth estimated at [...]
Foreign lender HSBC India on Monday announced that it will lend USD 250 million to startups in the country. The bank did not specify the timeframe for disbursal of the amount The lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world, the lender said in a statement. [...]
