LiveGovt will Not Sell ITC Stake in FY24
A senior official told FE that the Centre has no plans to sell part of its 7.85% stake in ITC, worth about Rs 41,000 crore,...
Category : BUSINESS
NCLT Rejects IDBI’s Insolvency Plea Against Zee
On Friday, the National Company Law Tribunal (NCLT) dismissed IDBI Bank’s petition to seek insolvency against media giant Zee Entertainment, finding that the petition was...
JSW Steel Board Approves Rs 17,000 Crore Fundraising Plan with $1 Billion from International Markets
On Friday, JSW Steel said that its board had approved plans to raise up to Rs 17,000 crore through various securities offerings and tap international...
JCB Partners with NPCI to Offer 40% Cashback to RuPay JCB Cardholders
Japanese international payment brand JCB International Co will partner with National Payments Corporation of India (NPCI) to offer RuPay JCB cardholders 40% cashback on in-store...
Wheels India to Invest Rs 200 Crore to Ramp Up Production of Aluminium Wheels and Other Spares
Wheels India Ltd, an Automobile Wheel Major, has designated Rs 200 crore as capex in FY23-24 towards its plan of gradually ramping up wheel production...
Amazon Committed to Invest Rs 1,05,600 Crore to Boost India’s Cloud Infrastructure
Amazon.com Inc plans to invest Rs 1,05,600 crore in India’s cloud infrastructure by 2030 to scale up its AWS business in the key overseas market....
Vedanta in Talks with Deutsche Bank, Other Banks for Up to $600 Million Loan
Vedanta Resources Ltd (VRL), led by mining billionaire Anil Agarwal, is reportedly in talks with Deutsche Bank and other global lenders, including JPMorgan and Barclays,...
Goldman Sachs Cuts Adani Group Stake from its ESG Fund
Goldman Sachs Group Inc’s investment arm slashed its exposure to Adani Group in its ESG portfolio in the weeks after short-seller Hindenburg Research accused Adani...
LIC’s New Business Premium Falls 50% After Tax Rule Changes
New business premiums (NBP) of Life Insurance Corporation of India (LIC) fell 50.41% YoY to Rs 5,810.1 crore in April 2023 due to a sharp...
Adani Ports Posts Record-Breaking Rail Cargo of Over 120 Million Tonnes in FY23
Adani Group’s Flagship Company, Adani Ports and Special Economic Zone (APSEZ) announced that it has set a new record for handling the highest-ever rail cargo...