Nestle India will be included in the Nifty a month from now. The company is set to replace troubled NBFC Indiabulls Housing Finance in the broader index.
The government on Thursday announced 100 per cent foreign direct investment (FDI) through the automatic route in coal mining, its sale and all its associated infrastructure.
Sugar stocks: The government on Wednesday announced a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers.
Dixon Tech, Amber Enterprises
may gain from FDI rule change. The Union Cabinet on Wednesday relaxed the rules for single-brand retail, more than seven years after the foreign investment cap was removed for the segment to attract marquee foreign brands. READ MORE
A preliminary enquiry by the Securities and Exchange Board of India (Sebi) has found no merit in allegation of violation of securities laws, levelled by a whistleblower, against pharmaceutical major Sun Pharmaceutical Industries, Business Standard reported
Lakshmi Vilas Bank: The private sector lender's MD & CEO Parthasarathi Mukherjee announced resignation on Wednesday, citing personal reasons.
Jet Airways: South America’s Synergy Group Corp is planning to pick up 49 per cent stake in Jet Airways. It will discuss co-investment options with its lenders and infrastructure companies, the group’s advisor told Business Standard.
Aditya Birla Group companies: Canada-based Brookfield Asset Management is in talks with Aditya Birla Sunlife Asset Management Company to buy the investments of Aditya Birla Real Estate Fund 1, which is into liquidation, say sources.
has deferred debentures worth Rs 3,000 crore.
Wockhardt: India Ratings has revised the Company’s ratings for short-term Bank facilities/ Commercial Paper to “IND A4+” from “IND A3”; and for long-term loan facilities rating to “IND BB+/ Negative” from “IND BBB-/Negative”, owing to refinancing risks, R&D expenses, regulatory overhang.
DHFL: The company defaulted on interest payment on non-convertible debentures (NCDs) worth Rs 22.91 crore, due on August 28.
Wipro: The company's tender buyback offer of Rs 10,500 crore closed yesterday, as per reports.