On December 9, Vodafone Idea’s board approved a proposal to raise Rs 1,980 crore through the issuance of 176 crore shares on a preferential basis. The shares will be priced at Rs 11.28 each. The fundraising includes Rs 1,280 crore from Omega Telecom and Rs 700 crore from Usha Martin Telematics, both part of the […]
Vodafone Idea Approves Rs 1,980 Crore Fundraising via Preferential Issue Read More »
Shares of Godrej Consumer Products Limited tumbled over 9% on December 9 after the company gave a cautious outlook for the October-December quarter. The company expects mid-single-digit sales growth for Q3 and has flagged subdued economic demand conditions. It has also warned of a “temporary downward breach” in its operating margins for the quarter, along
Godrej Consumer Shares Drop 9% After Q3 Growth Warning Read More »
Investors, led by the People Activism Forum, have petitioned the Delhi High Court to direct the Securities and Exchange Board of India (Sebi) to approve the National Stock Exchange’s (NSE) long-awaited initial public offering (IPO). The plea follows Sebi’s reluctance to issue a no-objection certificate (NOC) despite NSE reapplying on August 27, according to a
Investors File Plea in Delhi HC Urging Sebi to Approve NSE IPO Read More »
Flipkart, India’s leading e-commerce platform, is preparing for an initial public offering (IPO) in the next 12-15 months, with plans to shift its corporate domicile from Singapore to India, according to reports. The Walmart-owned company, valued at $36 billion, has reportedly secured internal approvals for this strategic move, which aligns with its vision to list
Flipkart Plans IPO by 2026, Shifts Base to India for Domestic Listing: Report Read More »
Paytm’s wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd (Paytm Singapore), announced the sale of its Stock Acquisition Rights (SARs) in Japan’s PayPay Corporation to SoftBank Vision Fund 2. The deal, valued at ¥41.9 billion (approximately ₹2,364 crore), is expected to conclude by December 2024, pending corporate approvals and other customary conditions. Deal Highlights Paytm’s Continued
Paytm Singapore to Sell Stock Acquisition Rights in PayPay for ₹2,364 Crore Read More »
Hyderabad-based Suven Pharmaceuticals has entered into definitive agreements to acquire a 56% equity stake in NJ Bio, Inc., a Contract Research, Development, and Manufacturing Organization (CRDMO) headquartered in Princeton, New Jersey. The $64.4 million transaction comprises a mix of primary equity infusion and secondary share acquisition. Key Details of the Acquisition NJ Bio is a
Suven Pharma Acquires Majority Stake in US-Based NJ Bio for $64.4 Million Read More »
Bajaj Healthcare’s manufacturing facility in Savli, Vadodara, Gujarat, has received approval from Australia’s Therapeutic Goods Administration (TGA). This achievement enhances its global credentials and allows direct supply of active pharmaceutical ingredients (APIs) to Australian and New Zealand markets. Already approved by the USFDA and the European Union, this latest certification is valid for 24 months.
Bajaj Healthcare Secures Australian TGA Approval for Gujarat API Site Read More »
Krishnamurthy V Subramanian, India’s top economist and Executive Director at the International Monetary Fund (IMF), highlighted the growing global confidence in India’s economic future. In an interview, he praised India’s public digital infrastructure and its focus on inclusive growth. Subramanian noted India’s steady post-COVID growth rate of 7%, despite recent slowdowns due to reduced capital
IMF’s Krishnamurthy Subramanian Says: ‘The world is bullish on India’ Read More »
On December 6, The Royal Bank of Scotland Plc, acting as Trustee for Jupiter India Fund, sold a 0.5% stake in Himatsingka Seide at an average price of Rs 195.22 per share. This transaction, valued at Rs 13.48 crore, reduced the fund’s stake, which stood at 5.01% as of October 2024. Despite the sale, shares
Shares of RITES Limited rose nearly 5% in early trade on December 6 after the company announced that it has secured a Rs 148.25 crore project from the Indian Institute of Management (IIM) Raipur. The project involves RITES acting as the Project Management Consultant for the Phase II development of the institute’s campus in Chhattisgarh.
RITES Shares Gain 5% on Winning Rs 148.25 Crore IIM Raipur Contract Read More »
