investment

New Delhi, March 25 Jio Platforms is likely to file its Draft Red Herring Prospectus (DRHP) with Sebi in the coming days, paving the way for what could be India's largest-ever IPO.According to market sources, the offering will be structured as a sale offer, with several existing foreign...

New Delhi, March 25 The initial share sale of basmati rice exporter Amir Chand Jagdish Kumar (Exports) received 1.47 times subscription on the second day of bidding on Wednesday.The Rs 440-crore initial public offer (IPO) received bids for 2,77,21,680 shares against 1,89,05,270 shares on...

Mumbai, March 25 – Maharashtra Cultural Affairs Minister Ashish Shelar said in the State Assembly on Wednesday that the state is taking comprehensive steps towards the conservation of its historic forts.A dedicated Fort Conservation Authority will be established to manage forts with UNESCO...

Shimla, March 25 A total of 2,411 new industrial units have been established in Himachal Pradesh in the past three years, while 88 industrial units have shut down during the period, Industries Minister Harshvardhan Chauhan said on Wednesday.He said that continuous efforts are being made to...

Chandigarh, March 25: Haryana Chief Minister Nayab Singh Saini met Ambassador (Extraordinary and Plenipotentiary of Russia) Denis Alipov here on Wednesday and held detailed discussions aimed at further strengthening bilateral engagement and exploring new avenues of cooperation between Haryana...

Noida/Lucknow, March 25 The Uttar Pradesh government on Wednesday said that preparations for the inauguration of the Noida International Airport by Prime Minister Narendra Modi on March 28 have reached the final stages.The district administration is working at full speed to ensure a smooth...

New Delhi, March 25 Ceigall India announced on Wednesday that it has signed power purchase agreements with the Maharashtra state utility, MSEDCL, for two solar projects with a combined capacity of 337 MW, to be set up at an investment of Rs 1,369 crore.Maharashtra State Electricity...

New Delhi, March 25 The Reserve Bank has approved the proposed acquisition of a controlling stake in Sammaan Capital Ltd by a subsidiary of Abu Dhabi-based International Holding Company.The acquisition by Avenir Investment RSC Ltd also includes the indirect change in control of the...

New Delhi, March 25 The sale of the cricket franchise, Royal Challengers Bangalore, by United Spirits Ltd (USL), is valued at nearly USD 2 billion (₹18,776 crore), considering it also includes a ₹540 crore payout for the Women's Premier League and a 5 per cent commission to the cricket body...

New Delhi, March 25 India should unlock the vast household gold reserves by encouraging consumers to invest in financial instruments, said former Union Minister P P Choudhary and senior market officials on Wednesday, warning that physical hoarding limits the metal's contribution to economic...

Mumbai, March 25 Rajasthan Royals captain Riyan Parag has invested ₹2 crore in Proxgy, one of the country's fastest-growing innovation-led "Make in India" product and technology companies.With this investment, Parag joins a growing group of cricketers backing Proxgy, including Kolkata Knight...

Amaravati, March 25 Andhra Pradesh Energy Minister Gottipati Ravi Kumar has urged investors to expedite the implementation of renewable energy projects and ensure they are commissioned on schedule.During a review meeting held at the Secretariat with representatives of Brookfield-Axis and...

New Delhi, March 25 S&P Global Ratings on Wednesday raised India's GDP growth forecast for the next fiscal to 7.1 per cent, with private consumption, investment, and exports being key drivers, but said that the conflict in the Middle East could strain the fiscal position due to higher energy...

New Delhi, March 24 United Spirits Ltd (USL) announced on Tuesday the sale of the IPL franchise, Royal Challengers Bangalore (RCB), in a ₹16,660 crore all-cash deal to a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone.In a regulatory filing, USL said...

Amaravati, March 24 Bollywood actor Sanjay Dutt met with Andhra Pradesh Chief Minister N Chandrababu Naidu here on Tuesday and discussed potential investments in the entertainment sector in the state.The 66-year-old actor and Naidu discussed developing the film industry in the state, including...

New Delhi, March 24 Welspun Mauritius Holdings will transfer its 22 per cent stake in East Pipes Integrated Company for Industry to Welspun Pipes Inc, USA, for 979.90 million SAR (Saudi Riyal).Both Welspun Pipes and Welspun Mauritius Holdings Limited (WMHL) are wholly-owned subsidiaries of the...

Bengaluru, March 24 A consortium led by the Aditya Birla Group (ABG) emerged as the lead bidder to acquire the IPL franchise, Royal Challengers Bengaluru, for a staggering USD 1.78 billion (approximately Rs 16,706 crore) on Tuesday.Other parties involved in the consortium are – Blackstone, an...

New Delhi, March 24 Electromechanical solutions provider Vivid Electromech secured over Rs 37 crore from anchor investors on Tuesday, a day before its initial public offering (IPO) opens for subscription on the NSE Emerge.Shares were allocated to nine entities, including Motilal Oswal Finvest...

Reykjavik, March 24 – Secretary (West) at the Ministry of External Affairs (MEA), Sibi George, met with Iceland Parliament Speaker, Thorunn Sveinbjarnardottir, on Tuesday, discussing issues of mutual interest and parliamentary exchanges.In a statement shared on X, MEA spokesperson Randhir...

New Delhi, March 24 Jindal Stainless announced on Tuesday the commissioning of a 1.2 million tonnes stainless steel melting shop (SMS) in Indonesia, as part of its ongoing ₹5,700 crore expansion plan.With this development, the company said its annual melting capacity has increased to 4.2...