Investing

Asserting the need to further the bilateral trade and economic engagement with a greater degree of flexibility, Union Minister of Commerce and Industry Piyush Goyal on Wednesday invited the United States to look at India as a manufacturing base.Goyal was speaking at the annual U.S.-India Business Council's State of US-India Business Summit. He said that India had set a...

Nureca's ₹ 100 crore public issue, which was open for subscription between February 15 and 18, 2021, has been subscribed 39.92 times. The public issue was subscribed 166.58 times in the retail category, 3.10 times in qualified institutional buyers segment and 31.59 times in the non-institutional investors category. The shares of Nureca, which owns the Dr Trust brand, were offered...

L&T Finance Holdings Limited (“LTFH” or “Company”), one of the leading private sector Non-Banking Financial Companies in India*, present in businesses including rural finance, housing finance, infrastructure finance and investment management, has closed its Rights Issue to raise Rs. 2,998.61 crores (“Rights Issue”). The Rights Issue was oversubscribed by approximately 15%. On the success of the Rights Issue, Mr. Dinanath Dubhashi, Managing...

Capital expenditure on the dedicated freight corridor in the first 10 months of current financial year (FY21) was up 21 per cent at Rs 8,201 crore as compared to Rs 6,783 crore in the corresponding period of the previous financial year. The information was shared by senior officials from the Dedicated Freight Corridor Corporation Limited (DFCCIL) during a review...

Gurugram-based online travel aggregator ixigo on Thursday said it is acquiring Bengaluru based online train discovery and booking platform Confirmtkt for an undisclosed amount across a mix of cash and ixigo stock. The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the...

A U.S. lobby group which represents firms including Amazon.com and Walmart has urged India not to tighten foreign investment rules for e-commerce companies again, according to a letter seen by Reuters. India is considering revising the rules after traders in the country accused Amazon's Indian division and Walmart's Flipkart of creating complex structures to bypass investment regulations, Reuters reported this...

Indian Railways Finance Corporation (IRFC) shares made a weak debut on the stock exchanges on Friday. The shares opened at ₹ 24.90 on the National Stock Exchange, compared with the issue price of ₹ 26, marking a discount of 4.23 per cent. The stock fell as much as 6.5 per cent from its issue price, to hit an intraday...

Reliance Industries' telecommunications subsidiary Reliance Jio's clocked a consolidated net profit of ₹ 3,489 crore, a of 15.5 per cent quarter-on-quarter increase, in the December (Q3) quarter on Friday. The telecom company recorded a net profit of ₹2,844 crore during the September quarter. In the quarter-over-quarter terms, Jio's profit was ₹ 1,350 crore. During the December quarter of FY21, the...

The domestic equity benchmarks are set to open lower on Friday as indicated by the Singapore Nifty futures traded on the Singapore Exchange. Singapore Nifty or SGX Nifty futures contract fell 0.38 per cent or 56 points to 14,588. In yesterday's session, Sensex crossed over 50,000-mark for the first time however it closed below that level owing to profit...

Bajaj Finance, Bajaj Finserv will announce their third quarter (ending December 31) results on Wednesday. Bajaj Finserv Ltd, a part of Bajaj Holdings & Investments Limited, is a financial services company focussed on lending, asset management, wealth management and insurance. Shares of Bajaj Finance Limited was last trading on Bombay Stock Exchange (BSE) at ₹ 4,970.60, up ₹ 257 (or...