On Tuesday, the bulk deals section on the NSE provided an update with respect to the ace investor, Mr. Porinju Veliyath, owned company ‘Equity Intelligence India’ buying around 6.1 lakh equity shares in the Hospital chain ‘Shalby Ltd’. The average price for the above deal was fixed to be Rs 117 per share. The company’s [...]
Automaker Maruti Suzuki India Ltd on Wednesday said it has crossed the 25 lakh units milestone of cumulative exports since starting overseas shipments in 1986-87. The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, [...]
Honda Motorcycle & Scooter India on Wednesday said it is setting up a separate unit at its Narsapura plant in Karnataka to roll out electric two-wheelers with the first two models expected to hit the market in the next fiscal itself. The company aims to touch 10 lakh electric vehicles production capacity annually by 2030. [...]
Online travel services provider, MakeMyTrip on Wednesday said it plans to grow its franchise base by over 50 per cent this year to expand its reach in smaller cities and towns across India. The company is seeking to tap into the opportunities provided by the government's initiative to increase the number of airports in India [...]
Homegrown server maker Netweb Technologies India Ltd has filed draft papers with the capital markets regulator Sebi to raise up to Rs 700 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 257 crore and an offer for sales of 85 lakh equity shares by promoters, [...]
The government on Wednesday said no state or union territory has reported any incident of death due to starvation in the country. "Not a single state government/ union territory administration has reported any incident of death due to starvation," Food Minister Piyush Goyal said in a written reply to the Lok Sabha. He was replying [...]
Shares of Hindustan Construction Company Ltd (HCC) hiked 9 percent today and is currently trading at Rs 13.90. Such a sharp movement in the share price is observed after the company announced that it has closed the sale of Baharampore-Farakka Highways Ltd (BFHL) to Singapore-based Cube Highways and Infrastructure V Pte Ltd at an enterprise [...]
National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in a statement. NPCI has permitted [...]
Edtech firm Upgrad has raised Rs 300 crore in a right issue led by co-founder and chairperson of the company Ronnie Screwvala, the start-up said on Wednesday. Screwvala contributed Rs 212 crore in the internal funding round. Existing investor Temasek contributed Rs 81 crore and the rest of the amount was raised from other minority [...]
Goyal Aluminiums has plans to invest Rs 200 crore to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh. The company has been allotted 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project. "Goyal Aluminiums...is gearing up to set up a new electric vehicle manufacturing plant with [...]
Private lender South Indian Bank’s share price plunged the most in two years after its managing director and Chief Executive Officer (CEO) Murali Ramakrishnan opted out of reappointment. At 11:34 AM the shares of South Indian Bank were trading 14.20% lower at ₹ 14.20 apiece. However, the shares cracked as much as 16.92% on Wednesday’s [...]
Average increments are likely to drop to 9.1 per cent this year in almost all sectors following inflation, higher interest rates and a slowdown in the economy, according to a study. The average increment in 2022 was 9.4 per cent, Deloitte India Talent Outlook 2023 stated on Wednesday. The study found that in 2023 increments [...]
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement. The Lifelong Group is an Indian company established in 1985 [...]
Polyplex Corporation Limited opened its trading hour today at Rs 1,128.95 and is currently trading at a price of Rs 1,144. The stock hit its 52-week low figures yesterday at Rs 1,101. The scrip is up approximately 2 percent as compared to the previous closing price of Rs 1,122. The stock is around 60 percent [...]
ReNew Energy Global Plc (ReNew) on Tuesday said it has repaid more than USD 1 billion to its offshore bondholders in the current financial year. The amount repaid includes the recent amortisation of USD 180 million, ReNew said in a statement. "ReNew has repaid more than USD 1 billion to its offshore bondholders in FY [...]
Adani Group CFO Jugeshinder Robbie Singh on Tuesday said stock exchanges update data on promoter share pledges at the end of the quarter, as he tried to clarify on present data not matching with the conglomerate's statement of repaying all the USD 2.15 billion of share-backed debt. Singh termed reports suggesting that the company's March [...]
The Ministry of Heavy Industries on Tuesday said Rs 800 crore under FAME India Scheme Phase II has been sanctioned to three PSU oil marketing companies (OMC) for setting up 7,432 public fast charging EV stations across the country. The amount has been sanctioned under FAME Scheme Phase II. The ministry has released Rs 560 [...]
Aster DM Healthcare on Tuesday said its main promoters, the family of its founder Azad Moopen, recently bought the 4 per cent stake held by a private equity investor for Rs 460 crore, increasing their holding to 41.88 per cent now. The deal values Aster DM Healthcare at USD 1.4 billion, the company said. Its [...]
The states have been forced to pay a near record high of 7.81 per cent for their market borrowings on the final auction of the outgoing fiscal on Tuesday, despite record supplies. Fifteen states have raised a record Rs 41,200 crore from the market, which is a record supply in recent years. This supply is [...]
The government has exercised the call option for the redemption of non-interest bearing special security to the tune of Rs 255 crore given to IDBI Bank in 2004. With this redemption the total outstanding amount will come down to Rs 2,378.73 crore, a gazette notification dated March 27, 2023, said. These 20-year tenure special securities [...]
