Infrastructure company Ceigall India Ltd on Wednesday said it has mobilised Rs 375 crore from anchor investors, a day before its initial share-sale opening for public subscription. ICICI Prudential Mutual Fund (MF), HDFC MF, Axis MF, Bandhan MF, ICICI Prudential Life Insurance Company Ltd, Bajaj Allianz Life Insurance Company Ltd and Max Life Insurance Ltd are among the anchor investors, according to a circular uploaded on BSE's website. Additionally, Nomura, Integrated Core Strategies(Asia) PTE Ltd... Читать дальше...
Action Construction Equipment Ltd on Wednesday reported a 24 per cent rise in consolidated profit after tax (PAT) at Rs 84.57 crore in the April-June quarter of this financial year, mainly on account of higher income. It had reported a PAT of Rs 67.57 crore during the April-June period of the preceding 2023-24 fiscal, the construction equipment maker said in an exchange filing. The total income also increased to Rs 761.81 crore, up 14 per cent from Rs 667.85 crore a year ago. "The company has maintained... Читать дальше...
The Reserve Bank on Wednesday came out with draft rules on the due diligence to be carried out for Aadhar-enabled Payment System (AePS) touchpoint operators by lenders, in order to prevent frauds. The proposals focus on streamlining the process for onboarding of AePS touchpoint operators and on-going due diligence, as per an official statement on the central bank website. RBI has proposed that an acquiring bank shall carry out due diligence of all AePS touchpoint operators onboarded by it and also... Читать дальше...
Earlier this year, Tata Motors announced that it would form two separate companies, with one housing the commercial vehicles business and the other passenger vehicles businesses, including JLR
The company's Xbox video-gaming unit posted 61 per cent growth in content and services revenue, much of that fueled by the $69 billion purchase of Activision Blizzard, which was completed in October
Capital markets regulator Sebi on Wednesday clarified on media reports pertaining to making the T+0 system mandatory for all. "This has been erroneously reported in a section of the press as Sebi bats for making the T+0 system mandatory for all," the regulator said in a statement. In a statement issued, the regulator clarified that its chief Madhabi Puri Buch was discussing the Application Supported by Blocked Amount (ASBA) facility, not the T+0 settlement cycle. The ASBA facility ensures that the... Читать дальше...
SoftBank-backed SaaS platform Unicommerce eSolutions Ltd will launch its initial public offering (IPO) on August 6.
Ortberg will face pressure to help revive production of the company's strong-selling 737 jets from about 25 in June and July to 38 by year's end
Firm's subsequent reaction to breaches resulted in liquidity reporting inaccuracies, according to the document, which provides a 2023 year-end snapshot of some of Citi's work on regulatory issues
The government has extended the deadline for meeting minimum public shareholding norms for central public sector enterprises and public sector financial institutions till August 2026. The central government in the public interest provided exemption up to August 1, 2026, to increase public shareholding to at least 25 per cent in CPSEs and public sector banks and financial institutions, according to an office memorandum issued by the Ministry of Finance. Central Public Sector Enterprises (CPSEs) with... Читать дальше...
The housing market, especially in the premium segment, has seen continued growth in the past few quarters, with higher-end buyers remaining unfazed by inflationary pressures
But much bolder and comprehensive reforms are needed
Policy and regulation will need consistent adaptation
Proposed measures will reduce retail participation in F&O
Established to skill displaced people in post-Independence India, ITIs have now become central to the government's job creation strategy, despite a history of underwhelming performance
The country's largest electric two-wheeler player is going for the biggest IPO of the year so far, aiming to raise Rs 6,146 crore
The company, in a regulatory filing, said that the demand was towards the expenses incurred by its overseas brand offices for the period from July 2017 to March 2022
Redington's operations from rest of the world (ROW) segment, which operates in 31 countries, including Rwanda, Oman and Turkey, and contributes nearly 50 per cent to its revenue has been in pressure
Greater Noida (Uttar Pradesh) [India], July 31: The highly anticipated INDIAWOOD 2025 is set to take place at the India Expo Mart Limited (IEML), Greater Noida, from March 6-9, 2025. Marking a significant milestone, this year's edition celebrates 25 years of the event's legacy, reflecting its phenomenal growth and pivotal role in the Indian woodworking and furniture industry.
Get ready for another power-packed week as many high-octane OTT shows and movies are about to hit different platforms. Check out the top releases of this week
India's general elections, and an extreme summer season spanning the April-June period, restricted construction activities and hit sales volumes for cement makers
Delhi has been put on a 'red' alert after heavy rain lashed Delhi-NCR on Wednesday evening that caused waterlogging and traffic congestion in several areas. A 'red' warning calls for action and vigilance. The National Flash Flood Guidance Bulletin has included Delhi in its list of 'areas of concern', the weather office said. Delhi Lt Governor, in a post on X, said he cautioned officers to remain alert in light of the heavy downpour in Delhi. "Apart from ensuring minimum inconvenience to people in general... Читать дальше...
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 462.38 lakh crore on Wednesday helped by a four-day rally in benchmark indices. The 30-share BSE Sensex settled higher by 285.94 points or 0.35 per cent at 81,741.34 -- its all-time closing high. In the last four trading sessions, the BSE benchmark jumped 408.62 points or 0.50 per cent, making investors richer by Rs 5.45 lakh crore. Investors' wealth climbed Rs 5,45,337.02 crore in the past four days to reach a record... Читать дальше...
Assam Chief Minister Himanta Biswa Sarma on Wednesday said that Rohingya infiltration into India has significantly increased, and the threat of demographic invasion is both real and serious. 'Rohingyas are continuously coming into India using the India-Bangladesh border and many states are suffering from the demographic invasion', Sarma said at a press conference here. Assam is guarding only a part of the Indo-Bangladesh border but a large area is still porous, he added. The West Bengal and Jharkhand... Читать дальше...
India's dairy industry is expected to witness healthy revenue growth of 13-14 per cent this financial year, as strong consumer demand continues along with improved supply of raw milk, a report said on Wednesday. While demand will be supported by rising consumption of value added products (VAP), ample milk supply will be driven by good monsoon prospects, Crisil Ratings said in a report. Rise in raw milk supply will also lead to higher working capital requirements for dairy players, the report noted. Читать дальше...
