Sebi finds Adani offshore investors in disclosure rules violation: Report
Eight of these offshore funds have approached the regulator via written request to settle the charges by paying a penalty without admission of guilt, the sources added.
Union Bank classifies BGR Energy Systems debt as NPA
The total outstanding borrowings of BGR Energy Systems from financial institutions added up to ₹3,758 crore, of which fund-based borrowings and non-fund-based borrowings were ₹1,400 crore and ₹2,358 crore, respectively.
Japan’s MUFG mulls sweeter HDB Financial offer, seeks say in strategy
HDFC, India’s biggest lender, owns a 95% stake in HDBF and has been seeking ways to sell part of it, including a possible initial public offering
Reliance Q4 results highlights: Net profit beats estimates; CFO says domestic demand for O2C biz up 4.6% in FY24
Reliance Q4 results highlights: RIL's revenue from the oil-to-chemicals unit rose 10.9%, primarily driven by improved price realisation for transportation fuels and higher volumes. The company also announced Rs 10 dividend
Wipro Q4: Can investors repose faith in the new CEO’s execution focus?
Should the new CEO deliver, a gradual uptick in earnings can rerate the stock
A slow unwinding of COVID excesses at Wipro, Infosys
Annual profit margins remain below pre-pandemic years despite the recent improvement
Sterling & Wilson Renewable Energy reports Rs 1.4 crore net profit in Q4
It had reported a net loss of Rs 421.11 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing on Saturday
Arbitrator rejects Sterlite Tech's Rs 145 crore claim against BSNL
The arbitrator has rejected STL’s claims vide award dated April 18, 2024,” STL said in the filing. The Arbitration was before Justice Badar Durrez Ahmed , former Chief Justice Jammu and Kashmir High Court
Air India to soon have new crew management system
In a message to the staff on Friday, Air India CEO and MD Campbell Wilson said that in the next two weeks, there will be the CAE Crew Management System
Indo Count acquires US-based Wamsutta brand for Rs 86 crore
Wamsutta is a home fashion brand offering bed, bath and other home fashion products. The company acquired a 100 per cent stake in the 178-year old brand from NYSE-listed Beyond in a cash deal of USD 10.25 million (around Rs 86 crore), the filing said
Yes Bank co-founder Rana Kapoor gets bail in bank fraud case; to walk out of jail after four years
The court has granted bail to Rana Kapoor in the CBI’s case against him and Avantha Group promoter Gautam Thapar for allegedly indulging in criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.51 crore.
MC Pro Quick Take | Wipro Q4: In-line execution, better margin, but near-term outlook muted
Wipro's in-line execution and bookings and surprise on margin stood somewhat negated by a soft near-term guidance
Cipla gets Rs 1.83 crore penalty for claiming inadmissible transitional credit on education cess
The company has received an order from the Principal Commissioner of CGST & Central Excise, Mumbai, Maharashtra imposing a penalty of Rs 1,83,17,388 under applicable provisions of the Central Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Act, 2017, Cipla said in a regulatory filing
Infosys Q4 FY24: Disappointing quarter, attractive valuation
Despite a weak quarter and a tepid guidance, the order bookings make us optimistic about a gradual revival in FY25, especially if the discretionary spending environment looks up
IndiGo's market-share steady in Q4 despite grounding of aircraft
The company’s market share in India remained steady at around 60 percent in January-March 2024
MC Pro Quick Take | Infosys Q4 FY24: Disappointment continues except for strong order bookings
Order inflows continued to remain strong and was the lone redeeming feature of the earnings report
MC Pro Quick Take: HDFC Life posts muted numbers in FY24, budgetary changes cast a shadow
HDFC Life posted flat annualised premium equivalent in FY24 as the changes introduced in the Budget 2023 impacted its high-ticket sized business
Capital Small Finance Bank: Is it worthy of attention after correction?
There are a few strong investment rationales that make us revisit the investment case of Capital SFB now
IndiGo, Air India flights to Dubai affected due to bad weather
Dubai International Airport said on April 17 it was experiencing significant disruption due to bad weather
Govt asks airlines to carry out risk assessment before flying on international routes
Vumlunmang Vualnam, the civil aviation secretary, on April 16 said that the government has asked the airlines to carry out their own risk assessment before flying on international routes
BPCL to link Noida International Airport with jet fuel pipeline
Once operational, this pipeline will operate on a common/contract carrier basis, ensuring seamless fuel transportation to the airport.
Tanzania, Rwanda, Zimbabwe join African recall of J&J cough syrup
Zimbabwe's Medicines Control Agency said that it did not have a record of the product's importation into Zimbabwe, but that it was concerned the syrup could enter the local market illegally. It said it would step up inspections in case.
Tesla's India entry to boost domestic EV market, say experts
The current slowdown faced by the EV market needs some push and Tesla could be the answer for that, an expert said.
Chart of the Day: Pharma exports to US surpass COVID highs
Exports in the eleven months to February 2024 are up 15 percent from the year ago period
