- Business
- November 25, 2024
Telangana’s U-Turn: First Accepts Rs 100 Cr Adani Donation, Now Says Don’t Need
Over a month after they welcomed the Rs 100 crore donation from Adani Group, The Telangana government, on Monday announced that it will not be seeking transfer of funds in light of the ‘present circumstances’. In a statement, Jayesh Ranjan, special chief secretary to the Government of Telangana said that the Chief Minister of Telangana has instructed ‘not to seek transfer of funds…
- Business
- November 25, 2024
Sensex, Nifty Zoom As BJP-Led Mahayuti Alliance Sweeps Maharashtra
Benchmark equity indices Sensex and Nifty surged in early trade on Monday, helped by across-the-board rally and the BJP pulling off a stunning performance in Maharashtra winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory. Extending its previous day’s sharp rally, the BSE benchmark Sensex jumped 1,289.89 points to 80,407 in early trade. The NSE…
- Business
- November 25, 2024
Sensex 1,217 points higher, Nifty up 401 point to 24,308 on BJP’s Maha Win
Indian stock markets rose sharply on Monday, continuing the momentum from their best session since early June, driven by positive sentiment following the National Democratic Alliance’s ( NDA ) landslide victory in the Maharashtra state elections.The NSE Nifty 50 surged by 401.65 points to 24,308 and the BSE Sensex is up by 1,217.78 points to 80,334.89. Maharashtra Victory Boosts Market Sentiment The recent win…
- Business
- November 24, 2024
Patanjali Ayurved’s revenue rose 23% to Rs 9,335.3 crore in FY24
Baba Ramdev-led Patanjali Ayurved’s total income has risen by 23.15 per cent to Rs 9,335.32 crore in 2023-24, helped by other income which includes OFS of Patanjali Foods (earlier known as Ruchi Soya) and income from other group entities, according to RoC filing by the company. In FY24 Patanjali Ayurved’s other income was at Rs 2,875.29 crore against Rs 46.18 crore in the…
- Business
- November 22, 2024
Sebi exempts Roshni Nadar from making open offer in two HCL entities
Sebi on Friday exempted promoter Roshni Nadar Malhotra from making open offers in relation to proposed additional share acquisitions in HCL Technologies and HCL Infosystems. HCL Technologies and HCL Infosystems are listed on BSE and NSE. The orders came after Roshni Nadar Malhotra filed two separate applications with the regulator on September 30 and sought exemption from provisions of Sebi’s SAST (Substantial Acquisition…
- Business
- November 22, 2024
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminum, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing…
- Business
- November 22, 2024
Byju Raveendran Gave Businessman $10K Ticket To Flee To Dubai To Avoid Testifying In Court
Byju Raveendran, the founder of the edtech platform Byju’s has allegedly tried to persuade a businessman William R Hailer to leave the US, so that he cannot testify against Byju’s questionable activities he witnessed during his time at Byju’s. As per Bloomberg, Hailer, who is from Nebraska, reportedly testified during a court hearing on Thursday, November 21. What’s The Issue Between Byju Raveendran…
- Business
- November 22, 2024
RBI Inks Treaty For Cross Border Transactions with Maldives to Promote Use of Local Currencies
Mumbai: The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU) in Mumbai to establish a framework to promote the use of their respective local currencies, the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR). The MoU was signed in the presence of RBI Governor Shaktikanta Das and MMA Governor Ali Hashim on Thursday. As…
- Business
- November 21, 2024
Kenya Cancels Proposed Airport Deals with Adani Group after US Indictments
Nairobi: Kenyan President William Ruto announced on Thursday that he had ordered the cancellation of a procurement process that was supposed to give over management of the country’s main airport to Adani Group following the prosecution of the company’s founder by the United States. Ruto also said he had ordered the cancellation of a 30-year, $736-million public-private partnership agreement signed by the energy…
- Business
- November 21, 2024
India’s GDP Growth To Pick Up In Third Quarter Compared To First Half Of FY25: ICRA Report
New Delhi: India’s economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA. The report stated that this optimism is based on improving economic indicators and robust activity levels in various sectors. The report added that the preliminary data for…
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