Singapore Centre Denies Sony’s Plea Against Zee
The Singapore International Arbitration Centre (SIAC) has rejected Sony’s request to stop Zee Entertainment from pursuing the merger scheme that was cancelled by the Japanese media giant. Zee Entertainment has approached the National Company Law Tribunal (NCLT) in India to enforce the merger that was approved by the same tribunal in August 2023. Background of […]
Crisil Upgrades Adani Power’s Bank Loan Rating
Adani Power Limited (APL), India’s largest private power producer, has received a rating upgrade from Crisil Ratings, a leading credit rating agency, on its Rs 38,000 crore of bank loan facilities. The rating has been upgraded to ‘AA-‘ from ‘A’ with a stable outlook, reflecting the strong improvement in the business and financial risk profiles […]
First Time Ever: LIC Crosses Rs 1,000 Mark
Life Insurance Corporation (LIC), India’s largest life insurer and public sector undertaking (PSU), has achieved a historic milestone by crossing the Rs 1,000 per share mark for the first time on Monday, February 5, 2024. The stock hit an all-time high of Rs 1,028 per share, registering a gain of 8.8% in the current trading […]
Jio, HDFC Bank Eyeing to Buy Paytm Wallets
Paytm, India’s leading digital payments platform, is looking for a buyer for its wallets business, which is housed under Paytm Payments Bank. According to a report by Hindu Businessline, Jio Financial Services (JFSL) and HDFC Bank are among the frontrunners to acquire the business, which has over 300 million users. Why Paytm wants to sell […]
Jay Y. Lee: Acquitted in 2015 Samsung Case
Samsung Electronics Chairman Jay Y. Lee was acquitted by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Background of the case Lee, 55, was charged with stock price rigging, breach of trust […]
Alpex Solar’s SME IPO to Open on Feb 8, Price Band Rs 109-115
Alpex Solar, a solar photovoltaic (PV) module manufacturer in North India, is launching its SME IPO on February 8, 2024. The issue will close on February 12, 2024. The price band for the IPO is Rs 109-115 per share. The minimum lot size is 1200 shares. The issue size is Rs 74.52 crores. About Alpex […]
Think Health Diagnostics: New Acquisition by Thyrocare
Thyrocare, a leading diagnostic and preventive healthcare service provider in India, has acquired Think Health Diagnostics, a home healthcare technology company that offers ECG services at home. The deal was announced on February 1, 2024, and will make Thyrocare one of the largest diagnostics at home healthcare service providers in India. Why Thyrocare acquired Think […]
Waaree Renewable Technologies Lands Rs 547 Cr Project
Waaree Renewable Technologies, India’s largest solar manufacturer and EPC service provider, has secured a Rs 547.5 crore order for a 412 MWp solar power plant. The project is expected to be completed by December 2024 and will provide clean energy to over 3 lakh households. Introduction Waaree Renewable Technologies (WRTL), a subsidiary of Waaree Group, […]
World’s Largest Copper Plant Underway by Adani in Gujarat
The Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help reduce India’s dependence on imports and support the transition to clean energy. The plant, named Kutch Copper Limited, is a subsidiary of Adani Enterprises Ltd (AEL) and will have an annual capacity of 1 million tonnes […]
NFO Alert: Bajaj Finserv’s Large and Mid Cap Fund
Bajaj Finserv Asset Management Limited, a subsidiary of Bajaj Finserv Limited, has launched a new fund offer (NFO) for its Bajaj Finserv Large and Mid Cap Fund. The NFO period is from February 6, 2024 to February 20, 2024. The fund is an open-ended equity scheme that aims to generate long-term capital appreciation by investing […]