Parliament nod to spend Rs 14,524 crore As per the first batch of supplementary demands for grants for 2023-24, tabled in the lower house of Parliament on December 6, the Union government is looking to spend an additional Rs 1.29 lakh crore this year On a net basis, the Centre is seeking permission to spend…
BSE, NSE GIFT City units to be merged by Jan 2024; direct listing by April On October 30, the Ministry of Corporate Affairs (MCA) released a notification permitting certain classes of public companies to directly list on foreign stock exchanges The two operational international exchanges at GIFT City — BSE’s India INX and NSE’s International…
TV18 & E18 to merge with Network18 With an extensive presence across languages in both TV and Digital domains, the merger is poised to empower Network18 to consolidate and expand its business from a robust position, a statement from Network18 said Network18 Media & Investments Ltd (Network18) and TV18 Broadcast Limited (TV18) announced on December…
CLSA has said : Two-wheeler stocks, which have gained up to 23 percent in the last month, are already fairly valued due to its sharp rally and margins in electric 2Ws may remain a challenge in the near term Two-wheeler majors Bajaj Auto, Hero MotoCorp and Eicher Motors will be in focus on December 6 after…
Adani stocks continue a robust rally, jumping 15% as a US agency dismisses fraud accusations. Investor confidence strengthens amid positive developments for the conglomerate. Adani stocks continued to rally on December 6, surging up to 16 percent, after a report indicated that a US agency found the accusations by Hindenburg Research against the Gautam Adani-led…
The EU’s charging port rules kick in in December 2024, and India wants compliance by June 2025. Apple has for years offered a unique lightning connector port on its iPhones. Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal…
The Grand Theft Auto 6 reveal trailer will be 91 seconds long, with its official runtime being confirmed by YouTube. Here is everything we know about GTA 6, the latest iteration in Rockstar Games’ superhit Grand Theft Auto series. It is almost here. More than a decade after the launch of GTA 5, Rockstar Games on Tuesday…
TPG & Norwest Ventures Established in 1994, SK Finance has a legacy of over 28 years in the used vehicle finance segment Jaipur, Rajasthan based non-banking finance company (NBFC) SK Finance has kickstarted preliminary discussions to float an initial public offer (IPO) next year and raise around $250 mn to $300 mn (Rs 2,092 crore…
Hindenburg’s allegations ‘irrelevant’ The surge propels the conglomerate’s market capitalisation to over Rs 14 lakh crore. A Bloomberg report said International Development Finance Corp (DFC) conducted a due diligence investigation before extending the group a $553-million loan The combined mcap of Adani Group companies surpassed Rs 14 lakh croreShares of Adani Group companies surged up…
Mamaearth block deal Sellers and buyers were not immediately known but Fireside Venture is the likely seller. It owned a 7.57 percent stake in Honasa Consumer, the company’s November 3 shareholding data showed A Rs 238-crore block deal involving around 62.90 lakh shares, representing a 2 percent stake in Mamaearth parent company Honasa Consumer took place on the…
