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On November 13, markets regulator Securities and Exchange Board of India (Sebi) suspended Anugrah Stock & Broking Pvt Ltd (ASBPL) till the completion of enquiry proceedings After withdrawing trading rights of Anugrah Stock and Broking, the National Stock Exchange has declared Anugrah Stock and Broking a defaulter and expelled the brokerage house’s membership. The move […]
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The Enforcement Directorate has arrested debt-ridden travel firm Cox and Kings’ promoter Peter Kerkar in the alleged money-laundering case. Last month, the ED arrested two former senior officers of the travel firm, which is one of the defaulters of Yes Bank, as part of its money-laundering probe against the bank’s founder Rana Kapoor. The agency […]
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Burger King India, a quick service restaurant chain, is expected to launch its maiden public offer for subscription next week. The company, after consultation with merchant bankers, has fixed IPO price band at Rs 59-60 per share, which is 5.9-6 times of its face value of equity shares. The initial public offering will open on […]
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Following the Union Cabinet’s approval for the amalgamation of Lakshmi Vilas Bank Limited (LVB) with the wholly-owned subsidiary of Singapore-based DBS Bank in India, the National Stock Exchange (NSE) said the bank’s share trading will be suspended from November 26. “Members of the Exchange are hereby informed that the trading in equity shares of Lakshmi […]
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Alphabet Inc’s Google has paid ?33,737 crore to Reliance Industries Ltd’s (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook to have infused capital in the Mukesh Ambani-led company. With this transaction, Google now holds 7.73% stake in Jio Platforms. The transaction also marks the US technology giant’s biggest-ever […]
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Shares of IT firm Mindtree today jumped, extending gains to the third straight day. Mindtree shares rose as much as 4% to ?1,449 on BSE, gaining nearly 10% in three days. The Bengaluru-based company on Monday said it has bagged a five-year deal from The Nordex Group to help the wind turbine manufacturer simplify, modernise […]
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State-owned engineering and construction firm Ircon International Ltd on Monday said it has received a ?405 crore work order from the National Capital Region Transport Corporation Limited (NCRTC) for Delhi-Ghaziabad-Meerut RRTS corridor. Ircon International has also received ?318 crore for designing, supplying, installing, testing and commissioning of receiving sub-stations and associated works on viaduct and […]
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Shares of Bharti Infratel rose by 24% in the last three trading sessions after the merger of Bharti Infratel and Indus Towers to create a mega tower company was completed successfully. The share has gained 5.11% today at 11:20 a.m. In early trade, the stock of Bharti Infratel went up by 8% to ?238. The […]
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Reliance Industries (RIL) share price jumped over 3 percent in the morning session on November 23 after CCI approved Future Group-Reliance Retail deal. The Competition Commission of India (CCI) on November 10 approved the acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group by Reliance Retail Ventures Ltd (RRVL) and Reliance Retail and […]
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Praj Industries share price jumped over 5 percent intraday on November 23 after the company signed a non-binding agreement with the oil ministry for multiple compressed bio-gas units. “Praj Industries has signed a non-binding Memorandum of Understanding (MoU) with Ministry of Petroleum & Natural Gas in presence of Hon’ble Minister Petroleum & Natural Gas & […]
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