L&T Construction Arm Bags ‘Significant’ Contract
Today, The EPC announced that its construction arm had secured a ‘significant’ contract for its water & effluent treatment business. The value of a significant...
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Fitch Slits India’s GDP Growth Forecast to 7% in FY23
Fitch Ratings has reduced its growth forecast for the current fiscal year to 7% from the previous estimate of 7.8%. The rating agency also cut...
PVR Slips 5% Amid Mega Block Deals, Stocks Fall to 17%
On Thursday’s Intra-day trade, shares of PVR fell 5% to Rs 1,838 on the BSE after 10 million plus equity shares changed hands on the...
AB Capital Shares Jump Nearly 5% as CCI Approves Sale of Stake in Health Insurance Business
Shares of Aditya Birla Capital Ltd rose 4.9% on Thursday after the Competition Commission of India (CCI) approved Abu Dhabi Investment Authority (ADIA) to invest...
Vedanta to Make Rs 25,000 Crore Fresh Investment in Odisha
Vedanta Resources, which has the largest single investment of Rs 80,000 crore in Odisha, said on Wednesday it plans to inject another Rs 25,000 crore...
Is Sovereign Gold Bond Worth For Investment?
Introduction Have you ever thought of investing in gold bonds? Well, it’s time to know the importance, benefits, and need of investing in these bonds...
SBI Raises Benchmark Lending Rate by 0.7%
State Bank of India (SBI), the country’s largest lender, raised its benchmark prime lending rate (BPLR) by 70 basis points or 0.7% to 13.45%. The...
AIG Unit Corebridge Raises $1.68 Billion in Year’s Biggest IPO
AIG Inc’s life insurance and retirement unit Corebridge Financial Inc raised $1.68 billion on Wednesday in its biggest IPO this year, risking market volatility and...
Adani Acquires NDTV: A Classic Case of Hostile Takeover
On Tuesday, Adani Enterprises announced that its media unit and two other entities would indirectly buy a 29.18% stake in New Delhi Television Ltd (NDTV). It further...
FROM SPICEJET TO ‘SPICE-LESS’: WHAT THE DOWNWARD TRAJECTORY INFERS?
SpiceJet is in the news these days, unfortunately, for all the wrong reasons. On 1st September, a SpiceJet plane that took off for Nashik from...