SEBI tightens rules for buyback of shares through stock exchange route
Mar 09, 2023, at 04:56 am
Mumbai: The Securities Exchange Board of India has released a circular specifying restrictions on placements of bids, price, and volume for a company seeking to buy back its shares through the exchange route, media reports said.
Future Enterprises declared insolvent, to be auctioned off
Mar 09, 2023, at 04:18 am
Mumbai: After Future Retail, another Kishore Biyani-owned company, Future Enterprises, has been admitted to insolvency resolution and will be auctioned off in order to collect outstanding debts, a report in the media said.
Adani Group repays $500 million bridge loan to restore investors' faith: Report
Mar 09, 2023, at 03:33 am
Embattled Adani Group has settled a $500 million bridge loan due on Thursday, as part of its effort to restore faith in its financial stability following a critical report from US-based short seller Hindenburg Research, Bloomberg reported.
India's coal and power supply stretched to limit amid rapid growth in economic activities
Mar 09, 2023, at 02:19 am
New Delhi: The power generators and coal mines in India are currently experiencing significant pressure to keep up with the escalating demand for electricity, which has been fuelled by the country's rapidly expanding economy and swift electrification efforts, Reuters reported.
SoftBank CEO Masayoshi Son attends OYO founder Ritesh Agarwal's wedding
Mar 08, 2023, at 08:18 am
New Delhi: SoftBank CEO and founder Masayoshi Son attended the wedding ceremony of Ritesh Agarwal, the founder of OYO in Delhi. The occasion was also attended by several prominent corporate figures, including Vijay Shekhar Sharma of Paytm, Peyush Bansal of Lenskart, and Kalyan Krishnamurthy, the CEO of Flipkart, according to media reports.
Defence Ministry signs procurement deals with HAL and L&T
Mar 08, 2023, at 07:32 am
New Delhi/IBNS: The defence ministry on Tuesday finalised one deal each with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Ltd (L&T).
Govt explains rules for paid or barter endorsements by social media influencers
Mar 08, 2023, at 06:20 am
New Delhi/IBNS: The government on Monday issued an explanation of its guidelines for paid endorsements by social media influencers, clarifying the meaning of terms like "advertisement," "sponsored," "collaboration," or "paid promotion."
Adani Group prepays Rs 73.74 billion share-backed financing: Report
Mar 08, 2023, at 05:37 am
Adani Group on Tuesday said that it has prepaid share-backed financing worth Rs 73.74 billion ($901.16 million) as part of its promoters’ commitment to cut down overall leverage backed by shares of the group's listed companies, Reuters reported.
Adani Enterprises removed from NSE's short-term additional surveillance framework
Mar 08, 2023, at 05:15 am
Mumbai/IBNS: Adani Enterprises, the flagship company of the Adani conglomerate that deals with ports and power, has been taken off the National Stock Exchange's (NSE) short-term additional surveillance framework, media reports said on Monday.
Mar 07, 2023, at 08:19 pm
New Delhi: Australian High Commissioner to India Barry O'Farrell on Monday said that Adani group still remains a major investor in the country.
Facebook's parent company Meta plans to slash thousands of employees this week: Report
Mar 07, 2023, at 03:07 pm
California: Meta Platforms Inc., which is the owner of popular social media platforms Facebook and Instagram, is planning another round of layoffs and will slash thousands of employees in the current week, media reports said on Tuesday.
Toblerone can no more claim itself to be Swiss-made, to change its design due to 'Swissness' rules
Mar 07, 2023, at 01:45 am
Popular chocolate brand Toblerone can no longer be called Swiss-made as its American owners are shifting some of its production outside Switzerland.
Matter names its first geared EV motorbike 'AERA', price and other details unveiled
Mar 07, 2023, at 12:13 am
Kolkata: Matter, an innovation-led tech start-up, on Monday named its EV motorbike as "AERA", which is priced between Rs. 1,43,999 and Rs. 1,53,999.
Bandhan Bank opens Mega Currency Chest in West Bengal
Mar 06, 2023, at 11:25 pm
Kolkata: Bandhan Bank announced the opening of its Mega Currency Chest in Kolkata.
Kolkata: Saini Group inaugurates new Mahindra showroom and service centre
Mar 06, 2023, at 08:42 pm
Kolkata: Saini Group inaugurated a new Mahindra Showroom and Service Centre at Maheshtala, a town located close to West Bengal capital Kolkata, on Friday.
Airtel announces 5G roll-out in 125 cities
Mar 06, 2023, at 07:23 pm
New Delhi: Telecom major Bharti Airtel on Monday announced the launch of its ultra-fast 5G services in 125 cities.
Zoom removes President Greg Tomb: Reports
Mar 06, 2023, at 01:49 pm
California: Video conferencing platform Zoom has removed its President Greg Tomb.
India's per capita income doubled in 9 years
Mar 06, 2023, at 01:29 pm
New Delhi: The per capita income in India has doubled to Rs 172,000 over the past nine years, according to the latest figures released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.
India's Feb crude oil imports from Russia hit record high
Mar 05, 2023, at 10:54 pm
New Delhi/IBNS: India's crude oil shipments from Russia in February reached an unprecedented 1.6 million barrels per day, surpassing the combined imports from traditional suppliers Iraq and Saudi Arabia.
Mar 05, 2023, at 09:50 pm
New Delhi: Prominent lawyer Harish Salve has called for a detailed probe into US short-seller Hindenburg Research’s negative report on Adani Group that caused market turbulence last month as conglomerate's listed stocks lost billions of dollars in a short span.
Mar 05, 2023, at 07:31 pm
Former Australian PM Tony Abbott has rubbished the allegations of grave irregularities against Adani Group by US-based short seller Hindenburg Research and said it is "easy to make allegations, but just because something has been alleged, doesn't make it true."
Nissan Motor India showcases recently unveiled SUVs X-Trail and Qashqai in Kolkata
Mar 04, 2023, at 11:36 pm
Kolkata: Automaker Nissan Motor India on Saturday showcased its recently unveiled SUVs X-Trail and Qashqai at The Tollygunge Club in south Kolkata in the presence of Olympic gold medalist shooter Abhinav Bindra.
ICRA revises outlook for two Adani companies to 'negative'
Mar 04, 2023, at 07:29 am
Ratings agency ICRA has changed the outlook for two Adani group companies, namely Adani Ports and Adani Total Gas, from "stable" to "negative".
Forex reserves contract by $325 million to $560.94 billion in week ended Feb 24
Mar 04, 2023, at 06:27 am
Mumbai: India’s foreign exchange reserves decreased by $325 million, bringing the total down to $560.94 billion for the week ended February 24th.
Swiggy sells its cloud kitchen business to rationalise costs
Mar 04, 2023, at 06:12 am
Mumbai: Food delivery platform Swiggy announced on Thursday that it has completed a share-swap agreement with Kitchens@ to sell its cloud kitchen business, Swiggy Access. This decision was made as part of the company's cost-cutting measures, which included laying off 380 employees due to a lack of funding opportunities, The Financial Express reported.
Arunachal Pradesh: Rita Tage winning hearts with her 'Naara Aaba Kiwi Wines'
Mar 04, 2023, at 04:58 am
Itanagar: Arunachal Pradesh-based entrepreneur Rita Tage has established herself as a major name in the wine industry by creating her brand “Naara Aaba Kiwi Wines.”
Sensex jumps 900 points with PSU banks and Adani Group stocks taking the lead
Mar 04, 2023, at 04:50 am
Mumbai: The Sensex surged by 900 points on Friday and the Nifty came close to reaching the 17,600 mark, following positive global and domestic cues. This boost in the stock market resulted in investors gaining approximately Rs 3.4 lakh crore, ET reported.
India looking to partner with Sukhoi, Embraer to make small jets in country: Report
Mar 04, 2023, at 04:31 am
New Delhi: India is exploring potential partnerships with global aircraft makers, such as Embraer SA and Russia’s Sukhoi, to start domestic production of small aircraft, Bloomberg reported citing sources.
iPhone maker Foxconn plans to invest $700 mn in Bengaluru plant in a shift from China: Report
Mar 04, 2023, at 02:37 am
Apple’s partner Foxconn Technology Group intends to invest approx. $700 million to set up a new manufacturing facility in India to increase local production, highlighting the increasing trend of shifting manufacturing away from China due to escalating tensions between Washington and Beijing, Bloomberg reported.
Adani Group to hold fixed income road shows in US, Dubai, London: Report
Mar 04, 2023, at 01:13 am
Adani Group is set to conduct fixed-income road shows in various cities of the United States, Dubai, and London this month, Reuters reported.