ED files prosecution complaint against jailed Punjab AAP MLA in ₹40.92-crore bank fraud
The Enforcement Directorate had arrested Jaswant Singh Gajjanmajra on June 11 last year under the special Prevention of Money Laundering Act. He is still in judicial custody of the special PMLA court in Mohali. Key Points
Hindustan TimesRekha Jhunjhunwala-backed Baazar Style Retails files DRHP with SEBI to raise funds via IPO
The Baazar Style Retails IPO, with a face value of ₹5 each, comprises a combination of a fresh issue amounting to up to ₹185 crore and an offer for sale of up to 16.88 million shares by the promoter group and other selling shareholders. Key Points
mintCCI grants approval for JSW Ventures to acquire up to 38 per cent of MG Motor India
New Delhi [India], January 24 (ANI): The Competition Commission of India (CCI) has given the green light to JSW Ventures Singapore Pte. limited for the acquisition of approximately 38 per cent of the share capital of MG Motor India Private Limited. According to CCI, this strategic move is expected to pave the way for significant […] Key Points
ThePrintED conducts searches at 30 locations in Rs 56,000-cr bank fraud case against Bhushan Steel promoters
The Enforcement Directorate (ED) has conducted search and survey operations at 30 locations, including Delhi NCR, Haryana, Kolkata, Mumbai, and Bhubaneswar, against the promoters of Bhushan Steel limited (BSL) in connection with a bank fraud of Rs 56,000 crore. The investigation revealed that the promoters and directors of BSL formed several shell companies and rotated funds through a chain of multiple entities. Key Points
Economic TimesMSTC limited Recruitment 2023: Apply for 52 MT and AM posts at mstcindia.co.in
Candidates can apply online through the official website at www.mstcindia.co.in till June 11. Key Points
Hindustan Times
Stock Market LIVE: Indices to fall at start as SGX Nifty is trading in the red
Share Market LIVE Updates: Benchmark indices are expected to start on the backfoot on Friday amidst prevailing negative sentiment among global investors. Wall Street dipped sharply on Thursday and Asian stocks are trading lower in the morning session on Friday. Key Points
mintReliance Jio arm to buy optical fibre cables worth Rs 124 crore from HFCL
HFCL said: “The Company along with its material subsidiary, HTL Limited, has received the Purchase Orders aggregating to ~Rs 123.84 crores from Reliance Projects & Property Management Services limited for supply of Optical Fiber Cables to one of the leading Private Telecom Operators of the country.” Key Points
FinancialexpressSwing into action: Pre-Orders for PS5 Spider-Man limited edition bundle begin July 28, prices and availab
The exclusive PS5 Spider-Man limited Edition bundle will be available soon and the prices have been revealed. Check the details and the process to pre-order. Key Points
Economic TimesMufti jeans owner, Credo brands marketing, planning for an IPO; great opportunities for investors the fashion industry
Mufti Jeans' owner, Credo Brands Marketing, plans to file its IPO draft prospectus with SEBI. The IPO will be a complete offer for sale, with up to 19.63 million shares being sold. The brand offers a wide range of men's casual wear and has experienced significant growth in revenue. Key Points
mintIndiaFirst Life Insurance IPO gets SEBI nod; Bank of Baroda, Union Bank, Carmel Point to shed stake in OFS
In the IPO, Bank of Baroda will offload about 8.9 crore equity shares and 1.3 crore equity shares will be sold by Union Bank of India. Key Points
Financialexpress
Juniper Hotel shares jump 10 per cent after weak IPO listing
The stock debuted at Rs 361.20 on the BSE, representing a 0.33 per cent increase from its issue price, while on the NSE, it opened at Rs 365, indicating a gain of 1.38 per cent. Key Points
India TodayOverseas buyers see 'Vision' in Apple's new offing; it's being resold for $5,000
On Japan's Mercari marketplace, the base 256 GB model sold for $5,400, sellers on China's Taobao are asking $5,000 and there's one seller on Singapore's Lazada seeking $6,300 for the device. In Hong Kong's bustling Mong Kok, an electronics importer specialising in getting gadgets early, asks for $4,580, with the price shifting on a daily basis. His advice: best to wait. Key Points
Economic TimesBullet train project gets new head
In his earlier role, Vivek Kumar Gupta was responsible for the integrated functioning of Civil (Works, Project Monitoring & Station Development), Electrical (RE), Signal & Telecommunication, Traffic, Finance, Planning, and Economic Directorates. National High-Speed Rail Corporation limited (NHSRCL) is a Special Purpose Vehicle with equity participation by Central Government through Ministry of Railways and two State Governments of Gujarat and Maharashtra. It is implementing India's first bullet train project. Key Points
Economic TimesJeep discontinues select models of Meridian SUV in India
Jeep India has removed certain variants of the Meridian from its website, leading to speculation about their discontinuation. The Meridian is a three-row SUV competing with the Skoda Kodiaq and Toyota Fortuner. Key Points
mintJharkhand: Three dead, several feared trapped as illegal coal mine collapses near Dhanbad
The mishap occurred at around 10.30 AM at Bhowra Colliery Area of Bharat Coking Coal limited (BCCL), about 21 km from Dhanbad. Key Points
Financialexpress
Tom Hiddleston starrer ‘White Stork’ coming soon on Netflix. Here’s what we know so far
Tom Hiddleston is readying up for a limited series on Netflix, titled “White Stork.” While there is limited information available, as of now, it will come as a Eleven Films production. Key Points
Economic TimesAMIC Forging limited IPO opens tomorrow, price band set at ₹121 -126 per share
AMIC Forging limited IPO will open for subscription on Wednesday, November 29, and will close on Friday, December 1. AMIC Forging limited IPO's price band is set in the range of ₹121 to ₹126. Key Points
mintM.V.K. Agro Food Product IPO: Day 1 subscription status, GMP and other details
The ₹65.88 crore initial public offering (IPO) of small and medium-sized enterprise M.V.K. Agro Food Product opened for subscription today, Thursday, February 29, 2024. The issue, which will close on Monday, March 4, has a price of ₹120 per share. Key Points
mintQatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures, to get equity stake of 0.99%
Qatar Investment Authority (QIA) is investing ₹8,278 crore ($1.1 billion) in Reliance Retail Ventures limited (RRVL), valuing the company at ₹8.278 lakh crore ($111 billion). Key Points
mintKay Cee Energy & Infra IPO: Check GMP, subscription status on day 3, other key details
Kay Cee Energy & Infra limited IPO opened for subscription on December 28 and will close on January 2. The IPO price band is set at ₹51 to ₹54 with a lot size of 2,000 shares. Key Points
mint
SpiceJet completes raising of Rs 744 crore as part of fundraising plan
Low-cost airline SpiceJet completes Rs 744 crore refinancing plan with the allotment of equity shares and warrants on a preferential basis. The airline seeks additional time from regulators to complete the remaining funding tranche due to limited banking days during long weekends. Key Points
Economic TimesAndrew Scott starrer ‘Ripley’: This is everything we know about release date, episode count, plot, cast, s
Netflix confirms Ripley release in 2024 but there is no official date finalized yet. The limited series stars Andrew Scott as Tom Ripley in a tale of deceit and murder set in 1960s New York. Dakota Fanning and Johnny Flynn also feature in key roles. Key Points
Economic TimesGovt to issue sovereign gold bonds tranche in Dec, Feb
New Delhi, Dec 8 (PTI) The government will issue a tranche of sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while for Series IV is scheduled for February 12-16, a finance ministry statement said Friday. The Series I was open […] Key Points
ThePrintStocks to Watch: Zee Entertainment, TCS, Delhivery, RIL, NTPC, PTC India
FIIs made a strong buying of more than ₹4,000 crore on Wednesday with DIIs also emerging as net buyers with an investment of over ₹550 crore. Sensex touched a new lifetime high, while Nifty 50 inched closer to record levels. However, the upside was limited due to global trends and delayed monsoons Key Points
mintBharat Highways InvIT IPO: Check details before subscribing
Before the IPO launch, Bharat Highways InvIT raised Rs. 825.97 crores from anchor investors. Key Points
India Today
Odisha approves seven key projects with Rs 80,125 cr investment
The Odisha government has approved seven projects with a total investment of Rs 80,125 crore across various sectors, including steel, green energy, pharmaceuticals, and chemicals. These projects, located in districts such as Khurda, Jagatsinghpur, Jharsuguda, Ganjam, and Bhadrak, are expected to create job opportunities for 24,552 people. Key Points
Economic TimesUpcoming IPOs to watch: RK Swamy, JG Chemicals, and Gopal Snacks
RK Swamy, JG Chemicals, and Gopal Snacks limited are set to debut on Dalal Street, aiming to raise a combined total of Rs 1,324.85 crore through their IPOs. Key Points
India TodayASK Automotive makes modest debut on Dalal Street at 8% premium to IPO price
The debut of ASK Automotive on the NSE saw its share price listed at Rs 303.30 per share, marking a 7.55 per cent increase over the issue price of Rs 282. Key Points
India TodayElection push coming? 4 construction & contracting companies with ‘Buy’ recos have upside potential of up
With the upcoming state elections in 2024, infrastructure projects are expected to be a focus for the government. Increased government spending on infrastructure has been a trend in recent years, benefiting companies in the construction and engineering sector. The attention of investors is now shifting towards small companies involved in subcontract work for these projects. Four construction stocks listed on the NSE, NCC Limited, PSP Projects Limited, Larsen and Toubro Limited, and Ahluwalia Contracts (India) Limited, have scored well based on earnings, fundamentals, relative valuation, risk, and price momentum, according to Refinitiv's Stock Reports Plus. Key Points
Economic TimesEmmy 2023: The White Lotus to compete in the Drama Category
At the 2023 Emmy Awards, The White Lotus will not be eligible for the limited series category. It is because of the storyline featuring Jennifer Coolidge's character, Tanya McQuoid. The Television Academy has made the decision to move it to the drama category. Key Points
Hindustan Times
Top 50 wilful defaulters owe Rs 87,295 crore to banks: Finance ministry
The finance ministry on Tuesday said top 50 wilful defaulters including Gitanjali Gems Limited, Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard limited owe Rs 87,295 crore to banks and financial institutions. Of this, top 10 wilful defaulters owe Rs 40,825 crore to schedule commercial banks (SCBs), Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha. Key Points
Economic TimesADIA announces Rs 4,966.80 cr investment in Reliance Retail Ventures Limited
Mumbai (Maharashtra) [India], October 7 (ANI): Reliance Retail Ventures limited (RRVL) announced on Friday that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will inject Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries Limited. This transaction places RRVL’s pre-money equity value at Rs 8.381 lakh crore, positioning it among India’s top […] Key Points
ThePrintTwitter displaying ‘rate limit exceeded’ message? Know what it means exactly as Elon Musk introduces readi
Twitter was unavailable for many users on Saturday, 1 July. The app displayed a rate limit exceeded message when users tried to refresh their feed. This issue was also reported on the website. Read to know what it means; Key Points
Economic TimesCCI approves 100 pc acquisition of Lanco Amarkantak Power by Adani Power
New Delhi [India], March 26 (ANI): The Competition Commission of India (CCI) has approved 100 per cent acquisition of Lanco Amarkantak Power limited by Adani Power Limited. The Adani Power limited (Acquirer), a part of the Adani Group, is a company engaged in the business of thermal power generation in India. Show Full Article The […] Key Points
ThePrintCoal India limited appoints Mukesh Agrawal as director of finance
Mukesh Agrawal has been appointed as the new director of the finance division at Coal India limited (CIL), effective from February 8, 2024, for a term of five years. He will succeed Debasish Nanda in this role. Nanda previously served as the Director of CIL's Business Development department and also held additional responsibilities as Director of the Finance division. Before assuming his current position at CIL, Agrawal served as the Executive-Director of Neyveli Lignite Corporation Limited, a prominent lignite-producing company based in Tamil Nadu, which also has significant operations in thermal and renewable energy generation. Key Points
Economic Times
Bengaluru-based Stanley Lifestyles gets SEBI nod for IPO
The IPO, with a face value of ₹2, consists of a fresh issue of up to ₹200 crore and an offer for sale (OFS) of up to 9.13 million equity shares by the promoter and investor selling shareholders. Key Points
mintGovt tightens LLP rules; partners have to declare beneficial interests, intangible contributions
According to the limited Liability Partnership (Third Amendment) Rules, 2023, notified by the Ministry of Corporate Affairs (MCA), even upcoming LLPs have to maintain such a register, at their registered offices, within 30 days of incorporation. The new rules came into force on October 28. Key Points
Economic TimesL&T to consider share buyback, special dividend next week
Larsen and Toubro (L&T) will consider a share buyback at its board meeting on 25 July. L&T board is also meeting that day to approve the results for the June quarter. In the meantime, the company also announced that its board has approved the merger of two of its wholly-owned subsidiaries - L&T Innovation Campus (Chennai) limited with L&T Seawoods Limited. Key Points
Economic TimesImports of low ash Met Coke under Safeguard duty probe scanner
The Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke (Met Coke) into India. Met coke is used as a primary fuel in furnaces of steel, chemical, Ferro alloy, and pig iron plants. DGTR will be investigating imports of the commodity from April 2022 to March 2023. Key Points
Economic TimesTop 10 donors spent Rs 3,800 crore on electoral bonds: Details of cases against them
The data shows that the top 10 donors roughly made donations worth Rs 3,800 crore to political parties via electoral bonds. Interestingly, these firms have undergone varying degrees of investigation by central probe agencies. Here are the details. Key Points
India Today
Bathinda NFL gets new head
Tarun Kumar Batra, Chief General Manager, has taken over as head of National Fertilizers limited (NFL), Bathinda. Batra has a rich experience of... Key Points
The Tribune IndiaAdani Group companies form new subsidiaries
Adani Saur Urja (KA) Limited, a wholly-owned subsidiary, has established Adani Renewable Energy Fifty One Limited, and Adani Renewable Energy Holding Nine Limited, another wholly-owned subsidiary, has formed Adani Renewable Energy Fifty Five Limited. These new subsidiaries will undertake the generation of power using renewable sources, specifically wind and solar energy. Currently, the companies are in the initial stages and are yet to begin operations. Key Points
Economic TimesAriana Madix readies for Broadway debut with 'Chicago'
The 38-year-old actress is set to take on the iconic role of Roxie Hart, previously embodied by Gwen Verdon and Ann Reinking. This eight-week limited engagement at the Ambassador Theatre, scheduled between January 29 and March 24, marks a significant milestone for Madix. Expressing her excitement on Live with Kelly and Mark, she described it as a dream come true and expressed disbelief that such an opportunity had become a reality. Key Points
Economic TimesCBI conducting searches over 'graft' in contract for Rs 2,200-crore Kiru Hydro Power Project in J&K
Three premises of the company and Duggal in Delhi and one each in Shimla, Noida and Chandigarh are being covered during the operation, the officials said. This is the fourth round of searches in the case in which the Central Bureau of Investigation (CBI) had already carried out similar operations on April 21 and July 6 last year and May 17 this year, they said. Former J&K governor Satya Pal Malik, had alleged that he was offered a Rs 300-crore bribe for clearing two files, including the one pertaining to the project. Key Points
Economic Times