On Sunday morning, a Dhanbad-bound express train split, detaching eight coaches near Raipur Village and causing public distress among passengers, including police exam candidates. Officials cited a technical glitch and reconnected the train within a few hours. No injuries occurred, and government buses were arranged to ensure timely arrival at exams.
Stating that the company had been deeply engaged with government projects, he said, "Some of the work we have done on income tax system (tax filing portal developed for Income Tax Department) is extremely well received."
Alembic Pharmaceuticals has been granted final approval from the USFDA for its generic Betamethasone Valerate Foam, intended to treat moderate-to-severe psoriasis of the scalp. This medication is equivalent to Luxiq Foam by Norvium Bioscience. Alembic’s shares ended 0.97% lower at Rs 1,089.90 on the BSE.
TRIS held an exhibition at the India Habitat Centre featuring a curated collection of over 400,000 items from Indian cinema. Curated by Neville Tuli, it included rare film posters, vintage booklets, and memorabilia from iconic films. The exhibition also explored the role of dance in cinema and highlighted key collaborations in Indian film history.
Nirmal Singh Bhangoo, the CMD of Pearls Group and an accused in a multi-crore chit fund scam, passed away at Deen Dayal Upadhyay Hospital in Delhi while undergoing treatment. Bhangoo, 68, had been suffering from multiple diseases and recently had a kidney transplant. He was in Tihar jail since 2016 following his arrest by the CBI. The Pearls Group was accused of not refunding Rs 49,100 crore collected from investors through illegal schemes.
UltraTech Cement raised $500 million through a sustainability-linked loan, marking its second such endeavour after a 2021 bond issuance. Six banks, including SMBC and SBI, participated. The company posted a slight increase in net profit for the quarter ended June 30, 2024, compared to the previous year, with revenue also seeing a modest rise.
The Chhatrapati Shivaji Maharaj statue collapsed at Maharashtra's Rajkot Fort. Heavy rains and winds were noted in the area recently. Opposition parties blamed the state government for neglecting quality. Authorities have launched an investigation.
The Chhatrapati Shivaji Maharaj statue, unveiled by Prime Minister Narendra Modi last year, collapsed at Maharashtra's Rajkot Fort. Heavy rains and winds were noted in the area recently. Opposition parties blamed the state government for neglecting quality. Authorities have launched an investigation, and a new statue is promised.
UltraTech Cement secured $500 million through a sustainability-linked loan, with contributions from six banks, according to a stock exchange filing by the company. This deal represents UltraTech's second foray into sustainability-linked financing, following its first sustainability-linked bond issuance in 2021.
Godrej Interio intends to open 104 new stores and expand retail space by over 2 lakh sq ft this fiscal year. The company aims for 20% growth and plans to exceed 1,000 stores by August. Alongside physical expansion, its e-commerce platform continues to serve more than 17,000 pin codes across India.
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Suresh Muthuswami decided to resign to pursue opportunities outside, said a person close to the development without disclosing his next endeavour.
The Indian market rebounded strongly on Monday from the previous session's flat close. The S&P BSE Sensex surged over 600 points, and the Nifty50 closed above 25,000. Sector-wise, gains were noted in IT, oil & gas, consumer durables, realty, and metals, while telecom stocks saw declines.
Union Minister Jyotiraditya Scindia criticized the Congress, stating that the party's DNA is anti-public and supports oppressors and corruption. He accused the Congress of opposing public welfare measures and the rule of justice. Scindia condemned the Congress for standing with criminals and oppressors, highlighting their opposition to the Unified Pension Scheme and house demolitions. He also discussed regional development initiatives in Gwalior.
Capitalmind Financial Services, under Deepak Shenoy, received Sebi's in-principle nod to launch a mutual fund, aligning with their 10th-anniversary celebrations. Shenoy disclosed plans to bring innovative investing solutions to 4.5 crore investors in India's expanding mutual fund sector, which has seen a 24% annual growth. The firm currently manages Rs 2,200 crore in assets.
The issue revolves around whether Sharma should have been classified as a large shareholder, rather than an employee, when Paytm filed its IPO papers, the report said, citing two people aware of the matter.
Domestic shares ended near record highs on Monday, buoyed by IT stocks following indications of imminent Federal Reserve interest rate cuts. In today's trading, six Nifty50 stocks hit new 52-week highs, showcasing broad sector strength.
Pop has reached more than 1.5 million transactions since its launch. The app's UPI rewards, via Popcoins, are merchant-funded and can be redeemed to buy products from direct-to-consumer (D2C) brands in categories such as beauty, personal care, electronics, fashion, and home goods - all housed within the Pop app.
The Bharatiya Janata Party announced its star campaigners for the upcoming Jammu and Kashmir assembly elections, including Prime Minister Narendra Modi, Amit Shah, Rajnath Singh, and Yogi Adityanath. The list features 38 additional prominent leaders set to bolster the party's campaign.
KPI Green Energy has received Letters of Intent for executing solar power projects with a cumulative capacity of 13.30 MW under the Captive Power Producer (CPP) business segment of the company
BCCI New Secretary: Rohan Jaitely, Arun Jaitley's son, has emerged as the probable successor for the BCCI secretary position. Jay Shah is likely to become the next ICC chairman, potentially becoming the youngest ever at 36. Supported by England and Australia, his likely appointment follows Greg Barclay's decision not to seek re-election.
One 97 Communications, which operates fintech platform Paytm said that the show-cause notice to the company as reported by the the media today by the market regulator Securities and Exchange Board of India (Sebi), was not a new development and the company had already made relevant disclosures on this matter in its financial results for the quarter and year ended March and June quarters.
