Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. “This is an [...]
We are on the last day of the month of November and for most people, it's ‘Salary Day’ and for most, it is also ‘Investment Day’. While existing investors look to diversify their portfolios, new investors enter the market to benefit from the rapid growth and exponential returns on their investments. Out of the many [...]
India's economic growth slowed to 6.3 per cent in the September quarter of 2022-23 compared to 13.5 per cent in the preceeding three months mainly on account of contraction in output of manufacturing and mining sectors, according to government data released on Wednesday. Slower GDP expansion nothwithstanding, India continues to remain the fastest-growing major economy [...]
Nissan Motor India on Thursday said its total wholesales rose by 20 per cent on a year-on-year basis to 6,746 units last month, aided by increase in exports. The automaker had dispatched 5,605 units in November 2021. The company saw a dip in domestic sales with 2,400 units last month, as against 2,651 units in [...]
The Committee of Creditors (CoC) of debt-ridden Reliance Capital is not in the favour of all binding bids that it received from the bidders, sources said on Wednesday. According to the sources, the lenders are of the opinion that the bid value offered by the bidders is too low. The CoC is likely to ask [...]
Alipay Singapore, an arm of chinese e-commerce giant Alibaba, on Wednesday sold 3.07 per cent stake in online food delivery aggregator Zomato for Rs 1,631 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting [...]
Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of ₹ 411 crores. The Inox GFL group has initiated strategic action to deleverage its Wind business. Inox Wind has paid ₹ 161 crores, while Inox Green has paid ₹ 250 crores towards reducing [...]
The Government of India publicly holds a stake in more than 72 companies in India, according to the latest corporate shareholdings. It categorizes Central Public Sector Enterprises (CPSEs) under three different categories – Maharatna, Navratna, and Miniratna. Based on certain criteria, there are 11 companies that have the ‘Maharatna’ status. Of these, the record date [...]
Gland Pharma has entered into a put option agreement to acquire a 100% of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). Its shares were trading 4.17% lower at ₹ 1799.70 apiece at 12:19 PM on Wednesday. The Cenexi Group is primarily a Contract Development & [...]
Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely positive trend in global markets and continuous foreign fund inflows. The 30-share barometer rallied 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, [...]
Societe Generale, a France-based financial services company bought more than 18 lakh equity shares of IT giant Wipro in a block deal on Tuesday. It bought another 48 lakh shares almost a week ago, on November 22, 2022. This takes the count to more than 66 lakh shares. According to block deals data available on [...]
The domestic indices BSE Sensex and NSE Nifty opened mildly in the green. The NSE Nifty gained 0.25% to trade at 18,625, and the BSE Sensex was up 177 points at 62,743. As the markets continue to rise, here are 3 fundamentally strong under Rs 500 for an upside of up to 43% : Indraprastha [...]
The shares of Britannia Industries Limited opened in green on Wednesday morning and moved marginally to reach its new 52-week high of Rs 4,337.30 in the early hours. In the past five days, the stock has gained approximately 3.6 percent. Recently, the company announced that it has entered into a joint venture agreement with French [...]
The shares of Housing and Urban Development Corporation Limited opened higher on Wednesday at Rs 49.15. It rallied by more than 12 per cent to reach its new 52-week high of Rs 55.20 in the early hours. In the past month, the stock has gained approximately 49 per cent. The stock majorly rallied after the [...]
Credit card spending touched an all-time high of ₹ 1.29 trillion in October, aided by festival season purchases. According to the latest data released by the Reserve Bank of India (RBI), this is 5.5 per cent higher than the previous month’s figure of ₹ 1.22 trillion. The RBI had mandated card issuers to deactivate credit [...]
Shares of NDTV continued to rally for the fifth day running on Wednesday, further climbing 5 per cent to hit its highest permissible trading limit for the day. NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared [...]
A Kotak Mahindra Bank arm on Tuesday announced that it has invested Rs 550 crore in Sanghi Industries Group by subscribing to non-convertible debentures of the cement-making company and its promoter grouping. Kotak Special Situations Fund's infusion will correct Sanghi Industries' capital structure, help the company's liquidity profile, and enhance its operations, according to a [...]
Toyota Kirloskar Motor Vice Chairman Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He ws 64. "We are extremely saddened to inform the untimely demise of Vikram S Kirloskar, Vice Chairman, Toyota Kirloskar Motor on 29th November 2022. At this time of grief, we request everyone to pray [...]
Gland Pharma on Tuesday said it has entered into a put option agreement to acquire Europe-based Cenexi Group for up to EUR 120 million (around Rs 1,015 crore), marking its foray into the international markets. The company's wholly-owned Singapore-based unit Gland Pharma International PTE has entered into a 'Put Option Agreement' to acquire 100 per [...]
Most rated companies in India can withstand a weaker rupee, although external factors like rising interest rates in developed economies and higher energy prices would increase currency volatility, Moody's Investors Service said on Tuesday. In a commentary on non-financial companies in India, Moody's said on November 25, the Indian rupee touched 81.67 versus the US [...]
