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HDFC AMC Gains RBI Approval for Up to 9.5% Stake in Karur Vysya Bank and DCB Bank

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Karur Vysya Bank confirmed the RBI's approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital.

• 29 September, 2023
• 2:36 PM
• less than a minute

CJ Darcl Logistics Files IPO Papers to Raise Capital

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The company plans to utilize the proceeds from the fresh issue, amounting to Rs 240 crore, for debt repayment, with an additional Rs 10 crore allocated for the purchase of electric vehicles.

• 29 September, 2023
• 2:19 PM
• less than a minute

Private Equity-Backed Capital Small Finance Bank Files Draft Papers for IPO

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The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.

• 29 September, 2023
• 2:04 PM
• less than a minute

Demand remains muted; FY24 guidance soft in Indian IT sector: IIFL Securities

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Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.

• 29 September, 2023
• 11:05 AM
• less than a minute

Emami picks up 26% stake in Axiom Ayurveda in all-cash deal

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The acquisition of 26% of Axiom's paid-up share capital on a fully diluted basis

• 29 September, 2023
• 10:50 AM
• less than a minute

Sunteck Realty: Growing on prudent capital allocation

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Over last three years, SRIN has cumulatively generated gross operating cashflows of Rs9.3bn

• 28 September, 2023
• 10:56 AM
• less than a minute

Aditya Birla Fashion completes purchase of 51% stake in TCNS Clothing, becomes promoter

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A 51% stake in TCNS Clothing has been acquired by Aditya Birla Fashion Retail Ltd (ABFRL), making it a promoter of the women's clothing company.

• 27 September, 2023
• 2:36 PM
• less than a minute

Updater Services IPO undersubscribed on day 3; check live details here

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The price band for the offer is Rs 280-300 per share.

• 27 September, 2023
• 1:13 PM
• less than a minute

Aditya Birla Capital injects Rs 750 crore into AB Finance to fund growth plans

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Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.

• 27 September, 2023
• 12:00 PM
• less than a minute

In order to hasten and democratize the industry's adoption of generative AI, Infosys works with...

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Infosys offers services, frameworks, solutions, and platforms in a variety of application areas, including semantic search, document summarization, contact centre transformation, AI-augmented software development lifecycle (SDLC), and marketing content creation.

• 27 September, 2023
• 11:44 AM
• less than a minute