INVESTING
Over 50 per cent of retail/client packaged items (CPG) world functionality centres (GCCs) in India have been established within the final eight years, famous an ANSR report. India will see over 25 further retail/CPG GCCs established within the subsequent 2-3 years, with Bengaluru persevering with to be the popular vacation spot, internet hosting over 42 … Read more
Ashok Leyland’s Street to Faculty (RTS) programme has received businessline’s Changemaker award within the Chairperson’s Award class, which has been launched this yr. The agency’s initiative was first conceived to handle poor studying final result in authorities main faculties within the distant districts of Tamil Nadu. Beginning with 36 faculties in Krishnagiri district, the RTS … Read more
Securities and Trade Board of India (SEBI) has disposed of proceedings towards the Nationwide Inventory Trade (NSE) and its staff within the alleged co-location case. The case pertains to the alleged preferential entry given to sure broking corporations within the type of ‘darkish fibre’ on the Nationwide Inventory Trade (NSE) to attach throughout the colocation … Read more
India’s residential market is witnessing a phenomenon the place the rise in value of homes might presumably crowd out finish customers or actual consumers, with traders coming in and making a bigger play. Sequential slowdown in gross sales is already seen due to value rise placing homes out of attain of consumers. Choose micro-markets like … Read more
Delhi-based Max Healthcare has entered into strategic collaboration with Lakshdeep Group for acquisition of a 64 per cent controlling stake in Jaypee Healthcare Ltd for an enterprise worth of ₹1,660 crore. Jaypee Healthcare is a subsidiary of the debt-ridden Jaypee Infratech; and is at present going company insolvency proceedings. Max Healthcare could have the choice … Read more
The Adani Group has vehemently denied allegations that Swiss authorities have frozen over $310 million in funds throughout a number of Swiss financial institution accounts as a part of a cash laundering investigation. In a media assertion launched on September 12, 2024, an Adani Group spokesperson categorically rejected claims of any involvement in Swiss courtroom … Read more
Knowledge Infrastructure Belief, an Infrastructure Funding Belief sponsored by Brookfield Asset Administration, together with associates of traders, together with British Columbia Funding Administration Company and GIC, has accomplished the acquisition of American Tower’s operations in India. This transaction, authorised by the CCI, includes the buyout of roughly 76,000 communications websites in India for an enterprise … Read more
Japan-based Nidec, which had beforehand invested ₹450 crore in Karnataka, has proposed an extra 20-acre enlargement with an funding ₹150 crore within the Hubli-Dharwad industrial space. This announcement got here following Minister for Giant and Medium Industries and Infrastructure Growth M.B. Patil’s current go to to Japan. The undertaking, a part of Nidec’s Movement & … Read more
The rupee witnessed range-bound commerce within the morning session on Thursday and appreciated by 2 paise to 83.97 towards the US greenback, amid a constructive pattern in home equities and international fund inflows. Foreign exchange merchants mentioned the rupee continues to carry regular inside a well-defined vary on energetic intervention by the Reserve Financial institution … Read more
Fairness benchmark indices Sensex and Nifty rebounded in early commerce on Thursday monitoring a rally in world markets and overseas fund inflows. The 30-share BSE Sensex jumped 428.83 factors to 81,951.99 in early commerce. The NSE Nifty climbed 154.1 factors to 25,072.55. Among the many 30 Sensex companies, Tata Metal, Adani Ports, Bharti Airtel, Tech … Read more