PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report
Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.
India shines in gold purchases, outpaces China by 51% in 3 months
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO
Mumbai/IBNS: HDFC Bank announced on Thursday (Oct. 31) that its non-banking financial arm HDB Financial Services filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a potential IPO of up to Rs 12,500 crore (approximately $1.49 billion).
Swiggy IPO gets bids worth more than $15 billion from Norges, Fidelity, other big investors: Report
Bengaluru/IBNS: Major investors, including Norway’s sovereign wealth fund Norges and Fidelity, have placed bids exceeding $15 billion for Swiggy’s IPO, which is set to be launched next week, Reuters reported, citing its sources on Thursday (Oct. 31).
Mumbai: Aditya Birla Capital Ltd (ABCL) reported a remarkable 42% year-on-year increase in consolidated net profit for Q2 FY25, reaching Rs 1,001 crore, driven by strong growth in its lending and insurance sectors.
Sunil Mittal's Bharti Telecom to raise Rs 8,500 cr via domestic bond market: Report
Mumbai: Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise approximately Rs 8,500 crore (around $1.01 billion) in the domestic bond market, reported Bloomberg.
Welspun Enterprises Q2FY25 profit drops 11% YoY to Rs 61.56%
Mumbai: Welspun Enterprises has reported around 11 percent fall in consolidated net profit at Rs 61.56 crore for September quarter FY25 on account of higher expenses.
P&G Hygiene Q2FY25 profit rises marginally to Rs 212 cr
Mumbai: Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a slight increase of 0.57% in profit after tax, to Rs 211.90 crore for the first quarter ended September 2024, media reports said.
São Paulo/ Mumbai: Tata Consultancy Services (TCS) has entered a 10-year strategic partnership with Insper, a prominent Brazilian higher education and research institution, aimed at accelerating industry innovation for TCS clients in South America through advanced technologies like AI, GenAI, IoT, and spatial computing.
Ola Electric expands service nationwide by more than 30%
Bengaluru: Ola Electric, India’s largest e-scooter manufacturer, has boosted service centre capacity nationwide by more than 30% to improve its after-sales service, media reports said.
India’s H1 fiscal deficit at Rs 4.75 lakh crore, narrows to 29.4% of FY25 target
New Delhi: India’s fiscal deficit for the first half of the current fiscal year, ending in September, reached Rs 4.75 lakh crore, or 29.4% of the Budget Estimate (BE), according to the Controller General of Accounts (CGA) data released today.
JSW Energy outbids Adani Group and NTPC in race for KSK Mahanadi Power Company
Mumbai: JSW Energy, part of the Sajjan Jindal-led conglomerate, has emerged as the highest bidder for the bankrupt KSK Mahanadi Power Company, according to a company filing on Tuesday.
Dabur Q2FY25 net profit jumps 18% to Rs 417.52 cr
Mumbai: Dabur India Ltd, a leading Indian FMCG company, reported a 17.65% drop in consolidated net profit, reaching Rs 417.52 crore for the September 2024 quarter.
Narrow majority of economists predict RBI likely to cut rates to 6.25% in December: Reuters poll
New Delhi/IBNS: The Reserve Bank of India (RBI) is expected to reduce its key policy rate by 25 basis points to 6.25 percent in December this year to support India's slowing economic growth, according to a narrow majority of economists surveyed in a Reuters poll.
'Got scammed': Delhi man claims he ordered 1 gm gold coin from Blinkit, gets 0.5 gm instead
New Delhi/IBNS: Mohit Jain, a resident of Delhi, claimed that Blinkit, one of the leading Indian quick-commerce platforms, delivered a 0.5-gram gold coin instead of the one-gram coin he had ordered.