Top Business News
View AllAshneer Grover Ventures into Fintech Again with ZeroPe: A Medical Loan App
The New Venture ZeroPe is the Brainchild of Ashneer’s company ‘Third Unicorn’ which earlier launched a fantasy gaming app CrickPe giving competition to players like Dream 11 and MPL
Sun Pharma’s Dadra Facility Classified as Official Action Indicated by USFDA
Inspection of Dadra Facility by USFDA was initiated on 4th December 2023 and concluded on 15th December 2023. Following the news, Sun Pharma’s shares went down by 3% on the BSE
Vodafone Idea Announces INR 18,000 Crore Follow-On Public Offer
The company recently raised INR 2075 Cr through the issuance of preferential shares to one of its promoter entities, Oriana Investments Private Limited.
Go First Granted Another 60-Day Extension for Insolvency Resolution by NCLT
The CoC comprising institutions like the Central Bank of India, Bank of Baroda, and IDBI Bank supported the extension in its meeting on March 29th
RBI Keeps Repo Rate Unchanged at 6.5% Amid Robust Growth
The Reserve Bank of India (RBI), on Friday 5th April 2024 announced that it would maintain the key policy repo rate at 6.5% marking the 7th consecutive time
FSSAI Directs E-commerce Giants to Halt Misleading Labeling of Beverages
FSSAI is observing corrupt practices where dairy-based drink mixes cereal drink mixes or malt-based beverages are wrongly advertized as "health drinks" or "energy drinks" on e-commerce websites
CCI’s Notice to Muthoot Finance for Allegations of Data Misrepresentation
This is not the first time Muthoot Finance has faced regulatory scrutiny. A similar notice issued by the CCI was earlier stayed by the Kerala High Court in September 2023
Ambani-Adani Collaborates First Time: Reliance Industries Acquires Stake in Adani Power Project
According to the agreement between Adani Power & Reliance Industries, one unit of the Mahan Thermal Power Plant, with a total capacity of 2800 MW, will be designated as the Captive Unit for Reliance’s usage
Adani Ports Expands East Coast Presence with Gopalpur Port Acquisition
Adani Ports will acquire, each from Shapoorji Pallonji Group and Orissa Stevedores, 56% and 39%, respectively. The deal was valued at INR 3,080 Cr in a term sheet
Market Buzz: Anil Ambani’s Reliance Power Shares Surge 35% in Eight Sessions
In just eight straight sessions, the share price has soared to INR 27.60 apiece on the NSE, marking a remarkable 35% appreciation. Experts are of the view that the surge is due to a debt reduction plan.
SRM Contractors Limited Enters the Indian Primary Market with an IPO
The GMP was INR 67 per share, and the company has set a price band of INR 200 to INR 210, and post IPO, the shares are expected to be listed on 3rd April 2024
India Unveils Electric Vehicle Policy to Attract Global Players Like Tesla
Companies setting up manufacturing facilities in India will have three years to start operations and will have to achieve a localization level of 50% within 5 years
