Business
Companies, markets, money and work. 601 stories, page 6 of 20.
PB Fintech Founders Expected to Offload $106 Million Stake Through Block Transaction at ₹1,800 per Share
The transaction’s base price is pegged at ₹1,800 per share, reflecting a discount of approximately 2.2% from the current market rate, sources hinted. Additionally, the…
Torrent Power receives initial approval from MERC for parallel distribution in Maharashtra.
In a public announcement dated June 23, MERC expressed its satisfaction with Torrent Power’s proposal to serve as a parallel power supplier in these essential areas.
CareerBuilder and Monster, once leaders in the job search industry, have filed for bankruptcy.
The firm announced on Tuesday that it has initiated a Chapter 11 process to facilitate the sale of its operations. According to the bankruptcy filing, it estimated…
Star Health Insurance collaborates with Medi Assist to introduce an AI-driven digital claims platform.
As part of this collaboration, Star Health will implement Medi Assist’s MAtrix platform, which is an AI-driven digital claims solution aimed at streamlining and…
RITES secures ₹29 crore agreement with Gujarat Urban Development Company for TPI services.
The agreement entails the selection of RITES as the Third Party Inspection (TPI) agency for water supply systems (WSS), underground drainage (UGD), and sewage treatment…
Final Day for IBC Bidding on Jaiprakash Associates; ₹57,000 Crore in Debt at Risk
With debts exceeding ₹57,000 crore, lenders are optimistic that serious contenders will step forward following previous extensions of the deadline.
Ashok Leyland aims to increase its share in the commercial vehicle market with plans to open 50 new locations in Northern India.
The Chennai-based company aims to outpace the industry this year, concentrating on enhancing its presence in North India, the largest market for commercial vehicles…
DGCA Halts Air India Audit Due to Worldwide Flight Cancellations Linked to Iran-Israel Conflict
On Monday evening, Air India announced the suspension of all its operations to the Middle East, Europe, and the East Coast of North America indefinitely because of the…
ITI secures final ₹25 crore payment from C-DOT for ₹200 crore property transaction in Bengaluru.
This payment signifies the conclusion of the proceedings under the Alternate Mechanism for Resolution of Commercial Disputes (AMRCD) concerning a long-standing land…
Hooghly CSL, a division of Cochin Shipyard, secures contract to construct two luxury river cruise ships for Antara.
This contract entails the construction of two luxury river cruise vessels intended for use on the Brahmaputra River, with the goal of enhancing premium inland waterway…
Devyani International to increase its ownership in Sky Gate Hospitality to 86.13% for ₹106 crore.
The company has signed a Share Subscription Agreement and Shareholders Agreement with Sky Gate and its founders, in addition to a Share Purchase Agreement to acquire…
Exploring the Growing Investment Strategies of the Kamath Brothers: From Brokerage Firms to Banking and More
Founders Nithin and Nikhil Kamath of Zerodha, recognized for establishing India’s largest retail brokerage, are progressively broadening their presence within the…
US-Iran Tensions Impact Basmati Exports from India; 100,000 Tonnes Delayed at Ports
On June 22, the US officially engaged in the ongoing conflict between Iran and Israel by deploying seven B-2 stealth bombers targeting Iran’s nuclear facilities. This…
Goldman Sachs Highlights Potential for Increased Oil and Gas Prices in Middle East Scenarios
Analysts, including Daan Struyven, mentioned in a report that if oil shipments through the Strait of Hormuz were to decrease by half for one month and stay 10% lower for…
Amazon launches ‘Amazon Diagnostics’ to offer at-home lab testing in India.
This launch signifies Amazon’s first foray into the diagnostics sector globally and seeks to streamline lab testing for users by facilitating test bookings, home sample…
European automakers Renault, VW, and Skoda face ongoing challenges in increasing sales in India.
Data from JATO Dynamics, a prominent provider of analytics and data for the global automotive industry, indicates that Renault experienced the largest drop in sales in…
JSW Energy Joins Competition for Raigarh Champa Rail Infrastructure Following NCLAT’s Approval for New Bidding
This news brings relief to JSW Energy, which had requested authorization to engage in the insolvency resolution proceedings for Raigarh Champa Rail Infrastructure Pvt…
Sterlite Technologies anticipates Sterlite Network will go public in the next 30-45 days.
“We are around 30 to 45 days away. So yes, we are still targeting listing by July,” said managing director Ankit Agarwal.
Iran-Israel Conflict: India Increases Oil Imports from Russia and the US in June
The US military targeted three sites in Iran early Sunday (June 22), joining Israel, which initially struck Iranian nuclear facilities on June 13.
Headline Highlights: Ongoing Iran-Israel Tensions, Market Recovery, Oil Prices Decline, Sun TV Family Dispute, and Additional News
Air India, grappling with the aftermath of the Ahmedabad crash, has suspended 48 weekly international flights, including vital routes to London. The RBI’s June policy…
DreamFolks MD assures business stability despite exit reports from banks, targeting expansion opportunities.
In response to worries about potential disruptions, Kallat remarked, “What we are discussing pertains to last year, which involved a technical [issue].” She clarified…
FM Sitharaman Leads CBIC Conclave; Advocates for Streamlined GST, Quicker Customs Processing, and Enhanced Grievance Resolution.
The meeting featured in-depth presentations on the performance of CGST and Customs zones, outlining progress and issues related to registration, return filing, audits…
₹29,208 Crore in Foreign Assets Revealed Following CBDT’s Action on Hidden Income
The CBDT analyzed the income tax returns (ITRs) of 24,678 taxpayers suspected of concealing foreign assets and income. Following targeted outreach through SMS and emails…
Basmati Exports to Iran Halted, Prices Rise for West Asia; Industry Concerned About Significant Demurrage Costs
Today (June 20), the Commerce Ministry convened with shipping lines and container associations to evaluate the effects of the prolonged Iran-Israel conflict along with…
India Risk Management Awards Season 11: Embracing the Era of AI-Driven Value Generation
By staying proactive against risks, improving risk forecasting systems, and leveraging data for insights, organizations are committed to anticipating and overcoming an…
The Transformative Power of Digital Public Infrastructure: Examples and Insights
Just as roads and ports were essential for industrial expansion, Digital Public Infrastructure (DPI) serves as a cornerstone for the digital economy. However, this new…
Britannia reinforces its focus on biscuits while planning consistent growth in dairy and bakery sectors.
“Biscuits are our bread and butter. This has to grow aggressively,” Berry remarked, emphasizing that the company’s core business must stay robust even as it ventures…
HDB Financial CEO announces ₹2,500 crore new funding to drive growth for the next 3–4 years.
“We believe this is the right moment to secure capital. We aim to avoid returning to the market within a few months or years after our public debut,” stated G Ramesh, MD…
From Fashion to Aviation: The Raymond Group’s Expansion Plan
From the expansion of the real estate sector and the global potential in engineering to the revival of the lifestyle segment: Raymond Group Chairman Gautam Singhania…
Oswal Pumps set to launch on stock exchanges this Friday at an issue price of ₹614 per share.
The ₹1,387.34-crore initial public offering (IPO) attracted bids for 55,80,29,976 shares compared to the 1,62,12,980 shares available, according to NSE data. The…
India’s instant, value-added coffees are increasing their presence in the premium markets of Japan, Korea, and the Middle East.
For instance, 94% of India’s coffee exports consisted of green coffee just a few decades ago, but today, value-added coffee makes up 38% of the export portfolio. India…