November 01, 2024 04:47 (IST)
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Israeli couple arrested for spying on behalf of Iran: Report | IPL 2025 auction: Virat Kohli, MS Dhoni retained as teams announce players' retention and release list | NASA identifies 9 potential landing sites on Moon for Artemis III Mission | 1 dead, 6 injured as 'onion bombs' explode accidentally in Andhra Pradesh's Eluru | PM Modi celebrates Diwali with soldiers in Gujarat's Kutch

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).

Aditya Birla Capital Q2 FY25 net profit rises 42% YoY to Rs 1,001 cr driven by strong lending and insurance growth

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.

TCS signs 10-yr partnership with Brazilian education and research institute Insper, invests $8.6 million

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.