Infosys CEO Salil Parekh has agreed to pay Rs 25,00,000 as settlement charges for failing to put in place adequate internal controls to comply with Sebi’s rules to prevent insider trading.
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22nd Dec 2024 | Updated at 06:12am 22nd Dec 2024
India poised to be 3rd largest economy by 2030: S&P
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
Bajaj Housing Finance shares surge 136% on debut
Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...
UltraTech Cement, controlled by Kumar Mangalam Birla, has acquired a 23% stake in India Cements from veteran investor Radhakishan Damani for £188.5 mn. The move intensifies UltraTech’s rivalry with Gautam Adani’s Ambuja Cements and ACC as both...
GST collections grew 7.7% in June to £17.4 bn, first time in three years when monthly mop-up rose at single-digit rate.During the month, based on transactions in May, central GST collections are estimated to have increased 3.4% to £3.20 bn,...
Adani Airports will chart the next decade with £17.5 bn infusion. The investment will be managed by Adani Airports Holdings, which runs seven airports across the country. Adani Airports is also building the Navi Mumbai airport, which is expected...
Pharma major Dr Reddy’s Laboratories is set to buy British consumer healthcare giant Haleon’s nicotine replacement therapy (NRT) portfolio, excluding the US business, for a 500 million pounds.
India is looking to tap funds from the UK, Saudi Arabia and Japan to finance the mega infrastructure ambition, with new structures to route the funds being discussed.
Indian health insurer Niva Bupa is planning to raise $360 million in an IPO, potentially valuing the business at up to $2.5 billion, according to sources, the latest company to cash in on a stock market surge.
Vodafone Group has sold a bigger-than-planned 18% stake in India’s Indus Towers, raising $1.8 billion (over £1.5 bn) that will serve to reduce its debt, the British telecom group said.
Coca-Cola India is planning to sell a part of its wholly-owned bottling business, Hindustan Coca-Cola Beverages (HCCB), for which it has approached the promoters of at least four top Indian business families, reports said.
Global ratings agency Fitch expects the Indian economy to expand by 7.2% in FY25, slightly higher than the earlier estimate of 7%. It also sees investments continuing to rise but slower than in recent quarters and consumer spending recovering...
