Business and financial news
Mumbai: Akasa Air and Rolls-Royce & Partners Finance Engine Leasing (India) IFSC Pvt Ltd have entered into a partnership to provide a long-term sale and leaseback arrangement for two LEAP-1B engines, with deliveries scheduled for September and October 2024.
Mumbai: Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani's conglomerate, launched its Qualified Institutional Placement (QIP) on Wednesday, setting the floor price for the issue at Rs 3,117.4750 per equity share, reflecting a 1.2% discount to the day’s closing price, reported Moneycontrol.
New Delhi: The Central government on Wednesday approved the extension of the universal distribution of fortified rice across all its welfare schemes, including the PM Garib Kalyan Anna Yojana (PMGKAY), until December 2028.
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), in its meeting held from October 7 to 9, announced on Wednesday that the benchmark repo rate will remain steady at 6.5 percent.
Tata Electronics is pleased to announce the appointment of Dr Bobby Mitra as Chief Information Officer (CIO) and President of AI and Digital Transformation.
Bengaluru: RPG Group Chairman Harsh Goenka took a jab at Ola CEO Bhavish Aggarwal on Tuesday, referencing the recent public spat between Aggarwal and comedian Kunal Kamra.
Bengaluru: RPG Group Chairman Harsh Goenka took a jab at Ola CEO Bhavish Aggarwal on Tuesday, referencing the recent public spat between Aggarwal and comedian Kunal Kamra.
Mumbai/IBNS: Shares of Varun Beverages surged in Wednesday's (Oct. 9) trading session after the board of the PepsiCo bottler approved a plan to raise Rs 7,500 crore through qualified institutional placement (QIP) to support its growth initiatives and enhance its balance sheet.
New York/IBNS: The US government has signaled it may request a judge to order Alphabet's Google to break off parts of its business, such as its Chrome browser and Android operating system, accusing the tech giant of maintaining an illegal monopoly in online search, reports Reuters.
New Delhi/IBNS: Shares of SpiceJet Ltd. surged by 8 percent on Wednesday (Oct. 9) after the low-cost airline announced that it had successfully settled its dispute with three of its lessors.
New Delhi/IBNS: The Reserve Bank of India (RBI) on Wednesday (Oct. 9) announced an increase in the transaction limit for UPI123 Pay from Rs 5,000 to Rs 10,000.
New Delhi/IBNS: The Reserve Bank of India's (RBI) reconstituted Monetary Policy Committee (MPC), which met from October 7 to 9, announced on Wednesday (Oct. 9) that it would keep the benchmark repo rate unchanged at 6.5 percent.
New Delhi: The Central government began selling tomatoes at Rs 65 per kilogram across 50 locations in Delhi on Monday in response to skyrocketing prices, which have exceeded Rs 90 per kg in the Delhi-NCR region ahead of the festive season, media reports said.
Mumbai: Vodafone Idea (Vi) has said it is currently in discussions with the Department of Telecommunications (DoT) to remove the bank guarantee requirements for spectrum acquired before 2022, as reported by The Economic Times.
Mumbai/IBNS: Hyundai Motor India is gearing up to launch its much-awaited Rs 25,000-crore initial public offering (IPO) next week, with a price range of Rs 1,865 to Rs 1,960 per share, according to a Reuters report citing sources.
Mumbai/IBNS: The rupee strengthened by 6 paise to 83.94 against the US dollar in early trading on Tuesday, aided by a weaker dollar and a decline in crude oil prices.
Mumbai/IBNS: Tata Motors Limited shares opened weak, falling 3 percent to Rs 901, continuing a downward trend for the second consecutive session after global financial services firm UBS maintained its 'sell' recommendation due to the company's uncertain outlook, reports said.
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped 6 percent on Tuesday (Oct. 8), hitting a day's low of Rs 85.21 on the BSE, after the Central Consumer Protection Authority (CCPA) issued a show-cause notice to the Bhavish Aggarwal-led EV company, raising concerns over the increasing number of consumer complaints.
New Delhi/IBNS: FMCG giant Nestle India Ltd on Monday (Oct. 7) announced that its Chairman and Managing Director (CMD), Suresh Narayanan, will retire on July 31, 2025.
New Delhi/IBNS: The Federation of Automobile Dealers Association (FADA) reported on Monday (Oct. 7) that overall automobile sales in September saw a 9.26 percent decline, with mixed results across various segments.
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group is in talks to acquire the company, along with Zuari Cement, from its German parent firm.
Mumbai/IBNS: The growing tensions between Israel and Iran are not expected to prompt the Reserve Bank of India (RBI) to delay its shift in monetary policy, as experts suggest the impact on the economy and crude oil prices remains minimal, reports Moneycontrol.
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped by 9.4 percent to Rs 89.7 during Monday's (Oct. 7) intraday trading on the BSE, following a heated exchange between the company's CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter).
New Delhi/IBNS: Nissan Motor India on Friday (Oct. 4) introduced the facelifted version of the Magnite in the Indian market, starting at an introductory price of Rs. 5.99 lakh (ex-showroom).
Mumbai/IBNS: JioCinema, the streaming service owned by Reliance Industries Ltd., has named Ishan Chatterjee as its new chief business officer, signaling its intention to further grow its digital offerings.
New Delhi: The Union Cabinet on Thursday approved the Ministry of Housing & Urban Affairs' proposal for the Chennai Metro Rail Project Phase-II, which will cover three corridors at a project cost of Rs 63,246 crore.
Mumbai: Food tech giant Swiggy has received shareholder approval to increase the size of its primary issue for its upcoming IPO from Rs 3,750 crore to Rs 5,000 crore, media reports said.
New Delhi: The Union Cabinet has approved the disbursement of a Productivity Linked Bonus (PLB) to 11,72,240 railway employees, with a total financial outlay of Rs 2,028.57 crore.
New York/IBNS: Escalating tensions between Israel and Iran in the Middle East have driven global crude oil prices upward, and the situation could worsen following Iran's launch of around 180 ballistic missiles at Israel in response to the deaths of Hamas, Hezbollah, and Iranian military leaders.
New York/IBNS: A growing number of container ships were lined up outside major ports in the United States on Thursday (Oct. 1) as the largest dockworker strike in nearly 50 years entered its third day, disrupting cargo unloading and threatening shortages of goods ranging from bananas to auto parts, media reports said.
Get the latest news delivered to your inbox
Connect with us on social media
