LiveAdani Group proposes to raise Rs.5,000-6,000 crore
Adani Group proposes to raise Rs.5,000-6,000 crore of equity via a mixture of primary issuances and secondary monetization of its stake in some of its subsidiaries. The group...
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Thermax secures order worth Rs.340 crore
Thermax has secured an order worth Rs.340 crore. The order is from a leading Indian steel manufacturer for a specially designed boiler, electric turbo generators and...
Prakash Industries receives stage-I nod for Sirkaguttu Iron Ore Mine
Prakash Industries has received stage-I approval, for Sirkaguttu Iron Ore Mine. The Odisha Government had executed the mining lease of Sirkaguttu Iron Ore Mine, in...
RIL to acquire US-based Radisys
Reliance Industries (RIL) has inked a pact to acquire US-based open telecom solutions provider, Radisys. As per a statement, “Radisys Corporation… a global leader of...
Tata Steel gives nod for its European steel JV with Thyssenkrupp
Tata Steel has given approval to a proposal to create a 50:50 joint venture (JV), of Tata Steel’s European steel businesses and Thyssenkrupp AG. In a...
Infibeam gets shareholders approval to enter into payments bank biz
Infibeam has received shareholders nod to expand its business in IT segment, set up a payments bank and raise Rs.2,000 crore. The shareholders of the company...
Temasek purchases stake in Adani Ports
Temasek Holdings has acquired stake in Adani Ports and Special Economic Zone worth Rs.1,000 crore, through open market transactions. The promoter entity of Adani Ports, S...
Principal Mutual Fund revised benchmark index for 3 schemes
Principal Mutual Fund has revised the benchmark indices of three schemes, with immediate effect. The revision are in the following schemes: Principal Tax Savings Fund and Principal Personal Tax Saver Fund has...
NTPC acquires majority stake in 2 power generating company
NTPC has bought majority stake in 2 power generating company, in Bihar. The company has acquired 27.36% equity stake of Bihar State Power Generation Co (BSPGCL)...
MRPL board to consider preferential issue of shares
Mangalore Refinery and Petrochemicals (MRPL) board of directors to consider preferential issue of shares. A meeting of the board of directors of the company has been...