NEWS
Adar Poonawala buys 50% stake in Bollywood studio for Rs1,000 cr
21 Oct 2024
Adar Poonawalla, CEO of the world’s largest vaccine maker, Serum Institute of India (SII), has agreed to buy a 50 per cent stake in Bollywood film studio Dharam Productions for Rs1,000 crore.
Putin pushes new cross-border payment system to end dollar dominance
21 Oct 2024
Russian President Vladimir Putin has revived hopes of pursuing the BRICS agenda of creating a new cross-border payment system that would allow nations to make financial transactions
Boeing workers to vote on new negotiated wage deal
20 Oct 2024
US aircraft maker Boeing Co and the union representing its striking machinists have reached a tentative deal to end a month-long strike that halted all manufacturing activity at Boeing’s West Coast facilities.
Elon Musk looks like winning his satellite internet gambit in India
20 Oct 2024
Elon Musk could still be able to extend the services of its Starlink, a constellation of telecom service satellites, if the government sticks to its policy of administrative allocation of radio spectrum for satellite services.
StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank
20 Oct 2024
Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).
JSW-JFF venture to buy Thyssenkrupp Electrical Steel India for $482 million
19 Oct 2024
A joint venture of JSW Steel and Japanese steel maker JEF Steel Corp is acquiring the Indian unit of German steel giant Thyssenkrupp for Rs4,051 crore ($482.1 million) in cash
Temasek arm Fullerton to take controlling stake in Lendingkart: report
19 Oct 2024
Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart
Govt hikes minimum support prices for Rabi crops
19 Oct 2024
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an across-the-board increase in the minimum support prices (MSP) for all eligible Rabi crops for the 2025-26 marketing season.
Sebi approves Jio Financial-BlackRock mutual fund joint venture
18 Oct 2024
Market regulator Securities and Exchange Board of India (Sebi) has granted approval for the proposed $300 million mutual fund joint venture between Jio Financial Services and BlackRock.
Reliance Brands UK to acquire 51% stake in Mothercare South Asia for $20.8 m
18 Oct 2024
Reliance Brands Holding UK Ltd a wholly-owned subsidiary of Reliance Brands Ltd, the brand acquisition arm of Reliance Industries Ltd
Reliance sets 28 October as record date for 1:1 bonus issue
18 Oct 2024
Reliance Industries Ltd (RIL) has finalised the record date for its 1:1 bonus share issue as 28 October 2024 after it received necessary approval from shareholders for the bonus issue.
Hyundai Motor IPO fails to attract small investor as subscription hits 237%
18 Oct 2024
Hyundai Motor India’s Rs27,870-crore initial public offer (IPO) of shares received overall subscription of 237 per cent of the offer size, as the mega issue closed for subscription on Thursday.
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