Hyundai Motor India IPO gets SEBI approval, share sale likely in October: Report
Sep 25, 2024, at 07:49 pm
Mumbai/IBNS: Hyundai Motor India, a wholly-owned subsidiary of the South Korean-headquartered Hyundai Motor Company, has reportedly received approval from the Indian regulatory body for securities and commodity market, the Securities and Exchange Board of India (SEBI), to proceed with its initial public offering (IPO), reports said.
India all set to rank among the fastest-growing economies until 2030, says Goldman Sachs
Sep 25, 2024, at 07:05 pm
New Delhi/IBNS: India is on track to be one of the fastest-growing economies in the medium term, according to a recent report by international brokerage firm Goldman Sachs.
Axis Finance appoints Sai Giridhar as the MD & CEO
Sep 25, 2024, at 07:05 am
Kolkata: Axis Bank’s NBFC arm Axis Finance Limited (AFL) has appointed Sai Giridhar as the Managing Director & CEO ‘designate’, subject to regulatory approvals, a press release said on Tuesday.
UP-based Shankha Air gets govt approval to operate
Sep 25, 2024, at 05:56 am
New Delhi: India's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry, in a key step towards launching its operations, media reports said.
India to help countries in Africa and South America to develop UPI-like digital payment systems
Sep 25, 2024, at 04:37 am
New Delhi: India is in talks with countries in Africa and South America to assist in developing digital payment systems based on its Unified Payments Interface (UPI), with plans for two systems to launch by early 2027, Reuters reported.
Swiggy gets SEBI nod for IPO launch
Sep 25, 2024, at 02:21 am
Mumbai: The Securities and Exchange Board of India (SEBI) has approved food delivery giant Swiggy's plan to launch an initial public offering (IPO), media reports said.
SEBI investigations reveal six investment banks charged SMEs fees equal to 15% of IPO size: Report
Sep 24, 2024, at 08:52 pm
Mumbai/IBNS: India’s securities regulator, the Securities and Exchange Board of India (SEBI), is investigating six domestic investment banks over concerns about malpractice in the country’s booming IPO market for small businesses, Reuters reported, citing two sources familiar with the matter.
Reliance Power board approves preferential issue of Rs 1,524 crore
Sep 24, 2024, at 07:18 pm
Mumbai/IBNS: Reliance Power’s board on Monday (Sept. 23) approved a plan to raise Rs 1,524.60 crore through a preferential issue of 462 million equity shares or warrants, convertible into an equivalent number of shares at Rs 33 per share or warrant, targeting promoters and other investors.
BSE Sensex, Nifty touch all-time closing high levels
Sep 23, 2024, at 10:55 pm
Riding on strong global cues, BSE Sensex remained on top for the third consecutive session on Monday, advancing 384.30 pts to close at a life time high figure of 84,928.61 pts.
PM Modi has a clear vision about how AI will benefit India: Google CEO Sundar Pichai
Sep 23, 2024, at 09:33 pm
New Delhi/IBNS: Google CEO Sundar Pichai has lauded Prime Minister Narendra Modi, who is on a three-day tour to the United States, for his "clear vision" about how Artificial Intelligence will benefit India.
BHEL shares climb 3% following Rs 6,100 crore order from NTPC
Sep 23, 2024, at 09:09 pm
New Delhi/IBNS: Shares of Bharat Heavy Electricals Limited (BHEL) rose 3 percent to Rs 274 in Monday’s (Sept. 23) trading on the BSE after the company bagged a Rs 6,100 crore order from the National Thermal Power Corporation (NTPC).
Vodafone Idea shares soar 8% after securing $3.6 billion deal with Nokia, Ericsson, Samsung
Sep 23, 2024, at 08:36 pm
Mumbai/IBNS: Vodafone Idea's stock price jumped more than 8 percent in early trading on Monday (Sept. 23) following the announcement of a $3.6 billion deal with Nokia, Ericsson, and Samsung to supply network equipment over the next three years.
OpenAI CEO Sam Altman advises future innovators on taking risks
Sep 23, 2024, at 07:59 pm
St. Louis, Missouri/IBNS: Sam Altman, CEO of OpenAI, is well-acquainted with taking risks, a trait that has shaped his career.
HFCL shares zoom 5% on deal to develop and supply critical sub-systems to General Atomics ASI
Sep 23, 2024, at 07:02 pm
New Delhi/IBNS: HFCL Limited shares surged by 5 percent to reach Rs 171, marking a new 52-week high in morning trade on Monday (Sept. 23), following the announcement of a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI).
SpiceJet aims for fleet of 100 by the end of 2026: CMD Ajay Singh
Sep 23, 2024, at 06:39 pm
New Delhi/IBNS: A day after SpiceJet raised Rs 3,000 crore (about $360 million) through selling new shares, the airline's chairman and managing director (CMD) Ajay Singh said that the low-cost carrier aims to have 100 aircraft by the end of 2026, The Economic Times (ET) reported on Monday (Sept. 23).
Sep 22, 2024, at 03:42 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman chaired a review meeting on Friday (Sept. 20) to assess the Ministry of Housing and Urban Affairs' capital expenditure for the current fiscal year, where she urged officials to fully utilize the budgeted capital expenditure of Rs 28,628 crore and meet the fiscal year’s capex targets.
SpiceJet QIP: Board approves issue of 48.7 crore share allotment at Rs 61.80 per share
Sep 22, 2024, at 03:26 am
New Delhi/IBNS: SpiceJet announced on Saturday (Sept. 21) that its board has approved the issuance and allotment of 48,70,12,986 equity shares to qualified institutional buyers at a price of Rs 61.60 per share, which includes a premium of Rs 51.60 per share.
Qualcomm approaches Intel for potential takeover, claims report
Sep 21, 2024, at 07:02 pm
California/IBNS: Qualcomm, which recently ventured into the PC processor market, is reportedly exploring a potential acquisition of Intel, according to a Wall Street Journal (WSJ) report.
OYO to acquire iconic hotel chains Motel 6 and Studio 6 for $525 million in US expansion bid
Sep 21, 2024, at 06:45 pm
New Delhi/IBNS: Indian homegrown hospitality giant Oyo is set to acquire Motel 6, one of the most well-known budget hotel chains in the United States, for $525 million from Blackstone's real estate division.
SEBI permits mutual funds to buy and sell credit default swaps
Sep 21, 2024, at 06:30 am
Mumbai: The Securities and Exchange Board of India (SEBI) said on Friday that mutual funds can now both buy and sell Credit Default Swaps (CDS), a move aimed at enhancing liquidity in the corporate bond market, media reports said.
Ashneer Grover's brother-in-law arrested in connection with BharatPe fraud case
Sep 21, 2024, at 06:12 am
New Delhi: The Delhi Police Economic Offences Wing (EOW) arrested Deepak Gupta, brother-in-law of BharatPe co-founder Ashneer Grover, on Friday in connection with allegations of fund misappropriation, media reports said.
September to be busiest month for IPOs in last 14 years, says RBI report
Sep 21, 2024, at 05:00 am
Mumbai: September is on track to be the busiest month for initial public offerings (IPOs)—both mainboard and SME—in 14 years, with over 28 companies entering the market so far, Moneycontrl reported, citing the latest monthly bulletin from the Reserve Bank of India (RBI).
HDFC Bank unit HDB Financial Services approves Rs 2,500 cr fundraise
Sep 21, 2024, at 04:16 am
Mumbai: HDFC Bank's unit HDB Financial Services has approved raising Rs 2,500 crore ($299 million) through a fresh issue of shares as part of its upcoming initial public offering (IPO), Reuters reported, citing the bank’s announcement on Friday.
Vodafone Idea calls investor meet on Monday after AGR ruling by Supreme Court
Sep 21, 2024, at 03:36 am
Mumbai: Financially troubled telecom operator Vodafone Idea (Vi) has scheduled an unexpected meeting with investors and analysts on September 23. In a stock exchange filing, Vi stated that the 30-minute call will focus on "recent events."
India's net FDI rises to $5.5 billion in Q1FY25: RBI report
Sep 21, 2024, at 03:32 am
Mumbai: India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25), up from $3.8 billion in the same period last year, Business Standard reported citing the latest Reserve Bank of India (RBI) report.
Anil Ambani's Reliance Infrastructure to get equity infusion of Rs 1,100 cr from promoters
Sep 20, 2024, at 11:12 pm
Mumbai: Anil Ambani's Reliance Infrastructure is set to receive an equity infusion of Rs 1,100 crore from its promoters and Rs 1,910 crore from two investment firms based in Mumbai, according to a stock exchange filing on Friday.
'It will never happen again': EY India Chairman on missing young CA's funeral who died of 'overwork'
Sep 20, 2024, at 11:08 pm
Mumbai: Amid a massive outrage over the death of 26-year-old Chartered Accountant Anna Sebastian Perayil, allegedly due to overwork while working in Earnest & Young India, the company’s Chairperson Rajiv Memani expressed regret for not attending her funeral, stating it "will never happen again."
Hacker exploits Telegram chatbots to leak data from leading Indian insurer Star Health
Sep 20, 2024, at 10:53 pm
New Delhi/IBNS: Customer data, including medical records, from India's top health insurer, Star Health, has been compromised and is now accessible through Telegram chatbots, reports Reuters.
Dow Jones jumps 500 points, S&P 500 hits record highs, closing above 5,700 after US Fed rate cuts
Sep 20, 2024, at 08:41 pm
New York: US markets soared on Thursday (Sept. 19), following the Federal Reserve's recent announcements, with both the Dow Jones and S&P 500 closing at all-time highs.
Rs 2 lakh crore market cap a conservative target for RPSG Group, says Sanjiv Goenka
Sep 20, 2024, at 08:28 pm
Kolkata/IBNS: The RP-Sanjiv Goenka Group is adjusting the balance between its offshore and onshore operations to enhance Firstsource’s profit margins, Chairman Sanjiv Goenka revealed to Moneycontrol on Thursday (Sept. 19).