New Delhi/IBNS: A day after SpiceJet raised Rs 3,000 crore (about $360 million) through selling new shares, the airline's chairman and managing director (CMD) Ajay Singh said that the low-cost carrier aims to have 100 aircraft by the end of 2026, The Economic Times (ET) reported on Monday (Sept. 23).
New Delhi/IBNS: Finance Minister Nirmala Sitharaman chaired a review meeting on Friday (Sept. 20) to assess the Ministry of Housing and Urban Affairs' capital expenditure for the current fiscal year, where she urged officials to fully utilize the budgeted capital expenditure of Rs 28,628 crore and meet the fiscal year’s capex targets.
New Delhi/IBNS: SpiceJet announced on Saturday (Sept. 21) that its board has approved the issuance and allotment of 48,70,12,986 equity shares to qualified institutional buyers at a price of Rs 61.60 per share, which includes a premium of Rs 51.60 per share.
California/IBNS: Qualcomm, which recently ventured into the PC processor market, is reportedly exploring a potential acquisition of Intel, according to a Wall Street Journal (WSJ) report.
New Delhi/IBNS: Indian homegrown hospitality giant Oyo is set to acquire Motel 6, one of the most well-known budget hotel chains in the United States, for $525 million from Blackstone's real estate division.
Mumbai: The Securities and Exchange Board of India (SEBI) said on Friday that mutual funds can now both buy and sell Credit Default Swaps (CDS), a move aimed at enhancing liquidity in the corporate bond market, media reports said.
New Delhi: The Delhi Police Economic Offences Wing (EOW) arrested Deepak Gupta, brother-in-law of BharatPe co-founder Ashneer Grover, on Friday in connection with allegations of fund misappropriation, media reports said.
Mumbai: September is on track to be the busiest month for initial public offerings (IPOs)—both mainboard and SME—in 14 years, with over 28 companies entering the market so far, Moneycontrl reported, citing the latest monthly bulletin from the Reserve Bank of India (RBI).
Mumbai: HDFC Bank's unit HDB Financial Services has approved raising Rs 2,500 crore ($299 million) through a fresh issue of shares as part of its upcoming initial public offering (IPO), Reuters reported, citing the bank’s announcement on Friday.
Mumbai: Financially troubled telecom operator Vodafone Idea (Vi) has scheduled an unexpected meeting with investors and analysts on September 23. In a stock exchange filing, Vi stated that the 30-minute call will focus on "recent events."
Mumbai: India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25), up from $3.8 billion in the same period last year, Business Standard reported citing the latest Reserve Bank of India (RBI) report.
Mumbai: Anil Ambani's Reliance Infrastructure is set to receive an equity infusion of Rs 1,100 crore from its promoters and Rs 1,910 crore from two investment firms based in Mumbai, according to a stock exchange filing on Friday.
Mumbai: Amid a massive outrage over the death of 26-year-old Chartered Accountant Anna Sebastian Perayil's funeral, who allegedly died due to overwork while working in EY India, the company’s Chairperson Rajiv Memani, expressed regret for not attending, stating it "will never happen again."
New Delhi/IBNS: Customer data, including medical records, from India's top health insurer, Star Health, has been compromised and is now accessible through Telegram chatbots, reports Reuters.
New York: US markets soared on Thursday (Sept. 19), following the Federal Reserve's recent announcements, with both the Dow Jones and S&P 500 closing at all-time highs.
Kolkata/IBNS: The RP-Sanjiv Goenka Group is adjusting the balance between its offshore and onshore operations to enhance Firstsource’s profit margins, Chairman Sanjiv Goenka revealed to Moneycontrol on Thursday (Sept. 19).
Apple's flagship stores in the national capital Delhi and financial capital of India, Mumbai drew a massive crowd this morning as its iPhone 16 series went on sale from Friday.
Mumbai: Reliance Infrastructure Ltd, led by Anil Ambani, announced plans to raise up to Rs 6,014 crore through the sale of shares and convertible warrants on Thursday.
New Delhi: The Indian economy is projected to grow at an annual rate of 6.7% between now and 2030-31, becoming the third-largest economy in the world, according to S&P Global's forecast on Thursday, media reports.
New Delhi: The recent rate cut by the US Federal Reserve is unlikely to have a major impact on India, as much of the move was already factored into the market, said Chief Economic Advisor (CEA) V. Anantha Nageswaran on Thursday, media reports said.
Mumbai: Non-bank lender IIFL Finance said on Thursday that the Reserve Bank of India (RBI) lifted the earlier restrictions imposed on its gold loan operations.
Hyderabad/IBNS: A former software engineer at Amazon Web Services (AWS) has claimed that the company’s recent mandate requiring employees to return to the office by January 2 is less about "inventing and collaborating," as stated by CEO Andy Jassy, and more about reducing headcount while avoiding significant tax liabilities.
New Delhi/IBNS: The government on Wednesday (Sept. 18) upgraded shipbuilding and defence Public Sector Undertaking (PSU) Garden Reach Shipbuilders and Engineers Ltd. (GRSE) from Schedule ‘B’ to Schedule ‘A’ Central Public Sector Enterprise (CPSE), reports said.
New Delhi/IBNS: India has surpassed China in its weighting within one of the world’s largest stock market benchmarks, as increased share sales and liquidity make Indian companies more accessible to global investors, reports Financial Times.
Washington/IBNS: The US Federal Reserve, popularly known as the Fed, has reduced its key lending rate by half a percentage point, marking the first cut since the Covid-19 pandemic in 2020, just weeks ahead of November’s presidential election.
Pune/IBNS: The Ernst & Young India has responded after a 26-year-old employee in Pune died due to "work stress" as claimed by her family, media reports said.
A groundbreaking initiative is set to expedite the Artificial General Intelligence (AGI) landscape with the launch of a new collaborative group aimed at building a Safe Super Intelligence (SSI)
New Delhi: Arunangshu Sarkar has joined the ONGC Board as the company’s first-ever Director (Strategy & Corporate Affairs), effective September 17, 2024.
Mumbai: Samir Kumar, who has been with Amazon for 25 years, will take over as head of its India consumer business following the resignation of Manish Tiwary, the company announced on Wednesday.
Mumbai: Samir Kumar, who has been with Amazon for 25 years, will take over as head of its India consumer business following the resignation of Manish Tiwary, the company announced on Wednesday.
