New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the ₹19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about ₹11,917 crore. It would additionally b...Read More
New Delhi, June 30 (SocialNews.XYZ) IndusInd Bank's board is likely to unveil its shortlist for the next chief executive officer (CEO) on Monday, a key development as the lender looks to bounce back from months of disruption triggered by a derivatives trading fiasco and subsequent leadership crisis. The move comes in response to the Reserve Bank of India's (RBI) directive, which asked the bank to submit its CEO recommendations by June 30. According to reports, as that deadline arrives, three n...Read More
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging ...Read More
SRINAGAR, June 29: The J&K Bank has appointed Ketan Kumar Joshi as its new Chief Financial Officer (CFO) for a term of three years, replacing Fayaz Ahmad Ganai. As per a statement, Joshi's appointment has been notified to the stock exchanges in line with SEBI regulations. Joshi is a seasoned banking and finance professional with over 20 years of experience in Indian and international financial institutions. Before joining J&K Bank, he served as CFO at North East Small Finance Bank Ltd. from 2...Read More
Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.Karnataka Bank managing director Srikrishnan Hari Hara Sarma and executive director Sekhar Rao have stepped down...Read More
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid ₹10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youn...Read More
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive direct...Read More
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporati...Read More
New Delhi [India], May 2 : Indian stock indices extended their positive momentum from the past week and opened in the green on Tuesday, largely due to firm GST collections and continued foreign fund inflows in April. At 9.33 am, benchmark indices Sensex and Nifty traded up in the 0.5-0.6 per cent range. On Monday, there was no movement on the Indian stock exchanges as they were shut for Maharashtra Day. The gross GST collection in April 2023 was at its all-time high of Rs 187,035 crore, Rs 19,...Read More
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) ...Read More
Lucknow: Based on its on-ground experience of interaction with UP's diaspora in Maharashtra, Uttar Pradesh Development Forum -- a not-for-profit social organisation working to integrate UP diaspora for development of the state -- has urged the Uttar Pradesh govt to establish a dedicated MSME National Stock Exchange in Uttar Pradesh. In a letter to UP MSME minister Rakesh Sachan, UPDF president Pankaj Jaiswal wrote: "While existing stock exchanges such as BSE and NSE offer an SME platform for IPO...Read More
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. Also Rea...Read More
Mumbai: India's paintmakers must gird up for a tougher battle from two upstarts. Birla Opus, owned by billionaire Kumar Mangalam Birla, has already shaken up the nation's paints sector with its pricing war. Now, JSW Paints Ltd's ₹9,300-crore acquisition of Dutch giant AkzoNobel's India unit portends a tighter squeeze on the profitability of their peers as they battle to protect turf. The deal by JSW Paints, part of billionaire Sajjan Jindal's steel-to-cement empire, will not immediately change...Read More
New Delhi, June 26 (SocialNews.XYZ) State-run power major NTPC on Thursday announced that its 3,300 MW Barh Super Thermal Power Project in Bihar will become fully commercially operational from July 1. This development comes as the last remaining unit under Stage I, Unit 3 of 660 MW, is set to begin commercial power supply. "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Unit 3 (660 MW) of Barh Super Th...Read More
These companies are mobilising funds to support capital expenditure requirements especially for expansion plans, repayment of borrowings, and for general corporate purposes.Source : Fisdom After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilizing secondary market and easing geopolitical tensions, merchant bankers said. Among the companies preparing to tap the capi...Read More
RailTel Corporation's share price rose 4.5% to a five-month high of ₹461.75 after securing a ₹274.40 crore order from the Maharashtra Motor Vehicles Department for an Intelligent Traffic Management System. This follows recent wins, reigniting investor interest in the railway sector. RailTel Corporation share price in focus: RailTel Corporation's share price gained momentum during the mid-trading session on Thursday, June 5, rising 4.6% to hit a five-month high of ₹461.75 apiece after the c...Read More
Ahmedabad, June 8 (SocialNews.XYZ) With Ankur Bhattacharjee, Quadri Aruna, and Adriana Diaz all winning their singles rubbers, Kolkata ThunderBlades beat reigning champions Dempo Goa Challengers 9-6 in the Ultimate Table Tennis (UTT) Season 6 on Sunday. Kolkata's victory saw them move into the playoff spots, occupying fourth with 29 points. Goa, with six more game wins on the board, moved level on points with leaders Jaipur Patriots and U Mumba TT. The tie opened with a gripping clash between ...Read More
New Delhi [India], June 8 (ANI): An FIR has been filed against HDFC Bank's MD and CEO by a certain Mehta family that defaulted on a bank loan provided back in 1995. The private lender informed stock exchanges on Sunday evening, as it vowed to continue all lawful remedies to recover the dues from the defaulter. In 2001, Splendour Gems Limited, owned by the Mehta family, defaulted on loan facilities granted in 1995 by HDFC Bank along with the other consortium banks, the HDFC Bank informed stock e...Read More
New Delhi [India], June 8 (ANI): An FIR has been filed against HDFC Bank's MD and CEO by a certain Mehta family that defaulted on a bank loan provided back in 1995. The private lender informed stock exchanges on Sunday evening, as it vowed to continue all lawful remedies to recover the dues from the defaulter. In 2001, Splendour Gems Limited, owned by the Mehta family, defaulted on loan facilities granted in 1995 by HDFC Bank along with the other consortium banks, the HDFC Bank informed stock e...Read More
New Delhi [India], June 8 (ANI): Filmmaker Anurag Kashyap has responded strongly to recent remarks made by Netflix co-CEO Ted Sarandos about the streaming platform's initial programming choices in India. Kashyap, who co-created Netflix India's debut original series 'Sacred Games', did not mince words in his criticism. The controversy began during Sarandos' appearance on a podcast, where the executive reflected on Netflix's early foray into the Indian market. He expressed reservations about wh...Read More
New Delhi, Jun 8 (PTI) India's 26 major listed real estate firms sold properties valuing Rs 1.62 lakh crore last fiscal, with Godrej Properties becoming largest player clocking pre-sales of nearly Rs 30,000 crore. DLF Ltd, the biggest real estate firm in terms of market capitalisation, is at the second position with record sale bookings of over Rs 21,000 crore during 2024-25, followed by Macrotech Developers (Lodha Group), Prestige Estates Projects and Signature Global. According to the data c...Read More
Mumbai, June 8 (SocialNews.XYZ) Several major banks, including Punjab National Bank (PNB), Bank of India and UCO Bank, have slashed their lending rates following the Reserve Bank of India's (RBI) recent decision to cut the repo rate by 50 basis points. The rate cut is part of the RBI's strategy to stimulate economic growth by making borrowing more affordable for both consumers and businesses. Punjab National Bank was among the first to pass on the benefit, lowering its repo-linked lending rate...Read More
New Delhi [India], June 8 (ANI): State-owned company RailTel Corporation of India has received work orders worth Rs 243 crore from State Project Director, Bihar Education Project Council, according to a stock exchange filing. The work order is for the supply of "students kit" for the students of Class 1 to Class 12 at government schools in Bihar. Also Read | Bizarre! Harsh Mogaveera Run Out at Non-Striker's End After Ball Hits Stumps At Both Ends During Raigad Royals vs Puneri Bappa Maharashtr...Read More
Hyderabad: CtrlS Datacenters Ltd has entered a strategic partnership with the Bombay Stock Exchange (BSE) to power critical data centre infrastructure for Asia's oldest and largest stock exchange that processes over 700 crore transactions daily and caters to over 11 crore investors."With trading transitioning to electronic platforms, reliable digital infrastructure became essential for maintaining market integrity, ensuring transaction security, and providing seamless access to financial service...Read More
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. "These contracts will offer participants a r...Read More
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. Also Read | How To Activate Your UAN Online?...Read More
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics ...Read More
Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen...Read More
Bengaluru, June 6 (SocialNews.XYZ) The political temperature in Karnataka soared after a tragic stampede near the M. Chinnaswamy Stadium in Bengaluru claimed the lives of 11 people during the Royal Challengers Bengaluru's (RCB) IPL 2025 victory celebrations. As grief and anger mount, sharp criticism has emerged from the Opposition, with BJP leaders holding the Karnataka government squarely responsible for the chaos. BJP leader Rajeev Chandrasekhar launched a scathing attack on the Congress adm...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): NSE Sustainability Ratings and Analytics, a defunct subsidiary of the stock exchange NSE, has launched ESG ratings services for listed companies. It marks a significant milestone in advancing sustainable business practices in India. NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. The company NSE Sustainability said in a statemen...Read More