Indoco Remedies AGM clears ₹0.20 final dividend per share
Indoco Remedies announced that its Annual General Meeting approved a final dividend of ₹0.20 per share. The decision confirms a shareholder-sanctioned cash distribution and signals a measured approach to capital allocation, balancing the interests of investors with ongoing operational priorities and governance requirements.
Nifty Extends Rally To Longest Streak Since Sept 3, 2024; BHEL, Bajaj Finance Lead
The NSE Nifty 50 has climbed for eight session in a row, marking its longest winning streak since Sept 3, 2024. The BSE Sensex has risen for five sessions, with BHEL and Bajaj Finance among the top gainers.
Aurobindo Pharma issues clarification on Zentiva sale agreement
Aurobindo Pharma has clarified that Advent International has entered into a definitive agreement to sell Zentiva to US-based equity firm GTCR. The update focuses on identifying the parties involved and the status of the transaction, offering a concise framing of the development.
Karnataka’s new caste census pegged at Rs 420 crore, says CM
Karnataka will conduct a fresh caste census costing Rs 420 crore. Chief Minister Siddaramaiah said the survey will be carried out “scientifically,” using a 60-question questionnaire to standardise data collection and support a rigorous, auditable process.
Airtel Payments Bank Unveils NCMC Debit, Prepaid Cards
Airtel Payments Bank is revolutionizing financial management with the introduction of innovative NCMC (National Common Mobility Cards)-enabled debit and prepaid cards. This initiative, launched in collaboration with the National Payments Corporation of India (NPCI), offers a comprehensive solution that merges traditional debit/prepaid functionalities with the advantages of NCMC technology. Unifying Transactions and Simplifying Travel Say […]
RBI Introduces New ARC Guidelines Effective April 24, 2024
The Reserve Bank of India (RBI) has ushered in a new era for Asset Reconstruction Companies (ARCs) in India. Effective April 24, 2024, a comprehensive set of guidelines aims to strengthen the regulatory oversight of ARCs, enhance their financial stability, and ultimately, improve their effectiveness in tackling the challenge of non-performing assets (NPAs) in the […]
Ramkrishna Forgings Wins ₹270 Crore Vande Bharat Train Order
Ramkrishna Forgings Ltd. (RKFL), a leading manufacturer of rolled, forged, and machined products, has secured a game-changing ₹270 crore order for the prestigious Vande Bharat train project. This landmark deal not only propels RKFL to the forefront of India’s high-speed rail development but also significantly bolsters the government’s “Make in India” initiative. Gearing Up for […]
Vodafone Idea’s 5G Plan Post Rs 18,000 Crore FPO
Vodafone Idea (Vi) is aiming to join the Indian 5G party. The telecom operator has set an ambitious target of launching 5G services in select cities within 6-9 months of successfully completing its ongoing Rs 18,000 crore Further Public Offering (FPO). This move comes as rivals Bharti Airtel and Reliance Jio have already begun offering […]
GAIL to Double Capacity at Dabhol LNG Terminal
India’s natural gas sector is experiencing a boom, and GAIL (India) Limited, the country’s leading gas marketing and transportation company, is taking a leading role in ensuring sufficient infrastructure to handle the surge. To address this growing demand, GAIL has announced a substantial expansion project for its liquefied natural gas (LNG) terminal located at Dabhol […]
Fairfax Invests Rs 500 Crore in IIFL Finance: Sources
In a move that could signal a revival, a subsidiary of Canadian investment giant Fairfax Financial Holdings has provided a much-needed Rs 500 crore shot in the arm to IIFL Finance. This financial aid comes after a challenging period for IIFL, which was hit hard by a Reserve Bank of India (RBI) ban on offering […]