Noida-based Interarch Building Products Ltd, engaged in turnkey pre-engineered steel construction solutions, said the IPO price band would be ₹850 to ₹900 per share. The IPO will open for subscription on August 19. It also announced that the anchor book opens on August 16 and will close on August 21. The IPO would comprise a […]
Interarch Building Products Sets IPO Price Band at ₹850-900 per Share Read More »
Amara Raja Energy & Mobility (ARE&M), a subsidiary of the Amara Raja Group, is seeking external funding options, including debt, equity, or a combination of both, to support its ambitious plan of investing ₹9,500 crore in establishing a gigafactory corridor in Telangana. The company is currently funding its initial phase through internal accruals and borrowings
Amara Raja Explores External Funding for EV Battery Business, IPO Possible Read More »
Bharti Global, the international investment arm of Bharti Enterprises, has announced an agreement to acquire a 24.5% stake in BT Group from Altice UK, the largest shareholder of the British telecommunications company. Altice UK is owned by telecom tycoon Patrick Drahi. Bharti Enterprises, one of the world’s biggies in the telecommunications business, plans to initially
Bharti Global to Acquire Altice UK’s 24.5% Stake in BT Group Read More »
On August 10, shares of Shipping Corporation of India jumped more than 10 per cent after the company posted strong first-quarter earnings for FY25. Net profit surged 70 per cent year-on-year to ₹291.5 crore at the state-run enterprise. Further, revenue from operations gained 26 per cent year-on-year to ₹1,514.3 crore. On an operating level, EBITDA
Shipping Corporation Shares Surge 10% on Strong Q1 Earnings; Up 170% Over the Year Read More »
On Monday, August 12, Adani Group stocks, including Adani Enterprises, Adani Ports, and Adani Power, experienced significant declines, with shares falling as much as 5-6% from the previous close. The sharp drop followed the release of a fresh report by US-based short seller Hindenburg Research. The broader NSE Nifty 50 index also faced pressure, dropping
Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest Read More »
360 ONE Asset Management, a company mentioned in the recent Hindenburg report, has stated that its offshore fund, IPE-Plus Fund 1, never invested in any shares of the Adani Group. The company, which was formerly known as IIFL Wealth Management, made this clarification in a regulatory filing on Sunday. According to 360 ONE, the fund
Offshore Fund Linked to SEBI Chief Clarifies: No Investments in Adani Shares Read More »
On August 10, the Bombay High Court directed the Securities and Exchange Board of India (SEBI) to disclose a crucial exemption letter granted to ICICI Securities. This letter exempted the firm from the reverse book-building process, a key step in the delisting of a company from stock exchanges. The court’s decision was in response to
Bombay High Court Orders SEBI to Disclose Exemption Letter Granted to ICICI Securities Read More »
Hindenburg Research, the U.S.-based short seller famous for its critical report on the Adani Group, has teased a new significant disclosure involving India. In a recent post on X (formerly Twitter), the firm cryptically announced, “Something big soon India,” leading to widespread speculation about the potential target. Hindenburg made headlines last year with a report
Hindenburg Research Hints at Another Major Revelation Involving India Read More »
The Union Cabinet has given the green light for the construction of 3 crore new houses under the Pradhan Mantri Awaas Yojana (PMAY) from 2024-25 to 2028-29. This initiative is aimed at providing affordable housing to rural and urban populations across India. Government under Rural component, PMAY-Gramin, proposes a housing strategy of building 2 crore
Cabinet Approves Construction of 3 Crore New Houses Under PM Awas Yojana Read More »
On August 9, the Cabinet Committee on Economic Affairs approved eight major railway projects totaling ₹24,657 crore, announced Union Minister Ashwini Vaishnaw during a press briefing. These projects are designed to enhance connectivity and foster development, particularly in aspirational and tribal-dominated districts across several states. Three of the approved projects will focus on Odisha’s southern
