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The investment has been done by way of subscription to the rights issue and accordingly, has been allotted 5,88,236 Equity Shares.

The domestic equity benchmarks traded with decent gains in afternoon trade. The Nifty traded a tad above the 17,050 level after hitting days high at 17,105.40. FMCG, oil & gas, and IT shares advanced while metals, pharma and consumer durable markers lagged behind. At 13:24 IST, the barometer index, the S&P BSE Sensex, was up 274.47 points or 0.48% to 57,421.79. The Nifty 50 index […]

South Koreas central bank lifted its key interest rates on Wednesday, citing tightening stance of the US Federal Reserve and stubbornly high inflation. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 3.00 percent from 2.50 percent, as widely expected. The central bank has hiked its policy rate by altogether 250 basis points in […]

Sonata Software has announced that it has signed an agreement with eir evo, Irelands leading Telecommunications and ICT Solutions Provider, to support the standardization of their CRM platform, migrating them from Salesforce to Microsoft Dynamics. In addition to the above agreement, Sonata Software and eir evo also plan to implement a long-term strategy for growing Microsoft Dynamics within the Irish market, by co-creating engagement models […]

The city's rising population and the year-round flood of tourists have resulted in most resources, particularly the sacred river Ganga, exceeding their consumption limit.

L&T Finance Holdings jumped 3.13% to Rs 77.35 after the company said it has received approval from Sebi for sale of 100% shareholding in subsidiary L&T Investment Management to HSBC Asset Management (India).

WTI Crude oil futures are attempting a recovery in Asia amid signs of bargain buying after recent correction. Oil has slipped this week, falling under the key $90 per barrel on concerns about a global growth slowdown and firm US dollar. The commodity had recovered impressively this month after testing lowest level since January last month, after the Organization of Petroleum Exporting Countries and its […]

Jindal Poly Films on Wednesday said that the companys whole-time director has tendered resignation due to personal reasons.

The dollar continued to scale higher on Wednesday amid an overnight spike in US benchmark treasury yields to a 14 year high of 4% dragged the dollar higher. The greenback hit fresh peaks against the yen and kept other major currencies subdued, ahead of crucial inflation data from the US to provide further cues on Fed action onward. The American currency climbed to fresh 24-year […]

Time period by which the order is to be executed is May 2023.