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).
Apple stores in Delhi and Mumbai draw massive crowd as iPhone 16 series now on sale
Sep 20, 2024, at 05:25 pm
Apple's flagship stores in the national capital Delhi and financial capital of India, Mumbai drew a massive crowd this morning as its iPhone 16 series went on sale from Friday.
Anil Ambani led Reliance Infrastructure to raise Rs 6,000 cr via share sale
Sep 20, 2024, at 06:37 am
Mumbai: Reliance Infrastructure Ltd, led by Anil Ambani, announced plans to raise up to Rs 6,014 crore through the sale of shares and convertible warrants on Thursday.
Indian economy to be 3rd largest by 2030-31, growing 6.7% annually: S&P Global's forecast
Sep 20, 2024, at 06:30 am
New Delhi: The Indian economy is projected to grow at an annual rate of 6.7% between now and 2030-31, becoming the third-largest economy in the world, according to S&P Global's forecast on Thursday, media reports said.
US Fed rate cut to have little impact on India: CEA Nageswaran
Sep 20, 2024, at 05:57 am
New Delhi: The recent rate cut by the US Federal Reserve is unlikely to have a major impact on India, as much of the move was already factored into the market, said Chief Economic Advisor (CEA) V. Anantha Nageswaran on Thursday, media reports said.
RBI revokes restrictions on IIFL Finance gold loan business
Sep 20, 2024, at 05:23 am
Mumbai: Non-bank lender IIFL Finance said on Thursday that the Reserve Bank of India (RBI) lifted the earlier restrictions imposed on its gold loan operations.
Ex-AWS engineer claims Amazon is 'silent sacking' employees in 5 phases
Sep 19, 2024, at 08:54 pm
Hyderabad/IBNS: A former software engineer at Amazon Web Services (AWS) has claimed that the company’s recent mandate requiring employees to return to the office by January 2 is less about "inventing and collaborating," as stated by CEO Andy Jassy, and more about reducing headcount while avoiding significant tax liabilities.
GRSE secures $54 million order, Centre upgrades PSU to 'Schedule A' category
Sep 19, 2024, at 08:39 pm
New Delhi/IBNS: The government on Wednesday (Sept. 18) upgraded shipbuilding and defence Public Sector Undertaking (PSU) Garden Reach Shipbuilders and Engineers Ltd. (GRSE) from Schedule ‘B’ to Schedule ‘A’ Central Public Sector Enterprise (CPSE), reports said.