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NSE share market NEWS tomorrow (27 March, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (27 March, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 27 March 2024

Nuvama Wealth was amongst the top gainers, currently trading at 4713.55 in NSE with 11.415 times change in volumes and 14.795% change in price. Other gainers included Iifl Holdings with 9.505% price change and 2.24 times volumes, Angel One with 9.221% price change and 2.393 times volumes, Bse with 6.64% price change and 1.878 times volumes, and Abb India with 5.895% price change and 3.213 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Central Depo was amongst the top losers, currently trading at 1686.05 in NSE with 29.102 times change in volumes and -5.749% change in price. Other losers included Solar Industries with -4.41% price change and 0.791 times volumes, Rural Electrification with -3.424% price change and 2.686 times volumes, Ireda 8 with -3.375% price change and 1.078 times volumes, and Computer Age with -3.333% price change and 1.173 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Infosys to provide AI tools to German media firm for storytelling, reports. IT company Infosys will provide artificial intelligence (AI) technology to Germany-based Handelsblatt Media Group for storytelling, compiling reports of global economic and financial topics under a strategic deal signed between the companies, the Bengaluru

Maruti Suzuki's mcap breaches Rs 4 trillion mark in intra-day trade. Maruti Suzuki India's market valuation went past the Rs 4 lakh crore mark in intra-day trade on Wednesday, helped by a rally in the stock which reached a new peak. Shares of the company climbed 2.40 per cent to settle at Rs 12,550 apiece on the BSE. During

Maruti Suzuki India rejigs top deck, heads of several verticals changed. Partho Banerjee is the new head of marketing and sales; Ram Akella will head the service division

Renault, Nissan Motor to drive four new SUVs into India from 2025. Both companies to unveil a five-seater and a seven-seater SUV each

Zydus Lifesciences gets 4 observations from USFDA for Gujarat plant. Zydus Lifesciences on Wednesday said the US health regulator has issued a Form-483 with four observations following the inspection of its Ahmedabad-based SEZ Onco Injectable manufacturing plant. The US Food and Drug Administration (USFDA) conducted the cGM

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm. The ruling by the Bangalore-based Income Tax Appellate Tribunal (ITAT) may have repercussions on similar transactions by multinationals, feel experts

Top 20% of Urban Company partners earn 50% more than entry-level IT jobs. According to the latest NCAER report published in August 2023, gig workers on food delivery platforms earn an average of Rs 13,581 monthly net of all costs, after an active long-shift

Alteria Capital announces final close of oversubscribed third fund. Its Venture Debt Scheme has been significantly oversubscribed with a final close at Rs 1,550 crore

Big plans ahead: Cipla looks for shot in the arm in niche areas. Open to licensing, collaboration in anti-diabetes space

Food company Annapurna acquires 'Arati' edible oil brand for Rs 28 cr. Packaged food company Annapurna Swadisht Ltd on Wednesday announced that it has acquired the six-decade-old 'Arati' brand mustard oil from R R Proteins and Agro Ltd (RRPAL) for a consideration of Rs 28 crore. The acquisition would help the company foray in

UltraTech to buy 26% stake in O2 Renewable for green energy needs. UltraTech Cement on Wednesday said it will acquire 26 per cent equity of O2 Renewable Energy, a company engaged in the generation and transmission of renewable energy. This will help the Aditya Birla Group firm meet green energy needs, optimise energy cost

Simpl expands partnership with Zomato to enhance convenience for customers. Expansion is to address the growing number of consumers seeking checkout convenience. Simpl has recorded over 100 million checkouts during 2017-2023 on Zomato

Varun Beverages completes acquisition of South African bottler BevCo. Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Wednesday said it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries. The acquisition was done after receipt of requisite approv

P&G Hygiene and Health Care agrees to pay Rs 36 crore to tax authorities. Procter & Gamble Hygiene and Health Care on Wednesday said it has arrived at an advanced pricing agreement with the tax authorities for certain identified transactions with the company's affiliate. "As a consequence of this agreement, an additional tax lia

Bank of India to raise Rs 10,000 cr through long-term infrastructure bonds. State-owned Bank of India (BoI) on Wednesday said its board has given approval to raise Rs 10,000 crore through long-term infra bonds to fund infrastructure projects. The fund would be raised in 2024-25, BoI said in a regulatory filing. Recently, many bank

IndiGo aims to double in size by 2030 with new routes: CEO Pieter Elbers. IndiGo aims to double in size by 2030 with new domestic and international routes as well as destinations, its chief Pieter Elbers said as the airline pursues soaring global ambitions to match India's economic growth potential. The country's largest airline

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business. Solar energy solutions provider Gensol Engineering has appointed Kapil K Nirmal as CEO - Middle East to lead its solar EPC (engineering procurement construction) business operations in the region. In his new role, Nirmal will spearhead the region's expansi

Nayara Energy appoints Alessandro Des Dorides as chief executive officer. Nayara Energy on Wednesday named Alessandro Des Dorides, the former head of oil trading at Eni who was sacked for withholding information in illegal Iran oil trade, as the new CEO of the company. Des Dorides shall take over from Alois Virag whose term ends

NHPC board approves proposal for raising Rs 6,100 cr funds through NCDs. State-owned NHPC on Wednesday said its board has approved a proposal to raise Rs 6,100 crore in debt in 2024-25. The Board of Directors of NHPC in its meeting held on Wednesday considered and approved the proposal for raising of debt up to Rs 6,100 crore d

Bhel gets Rs 4,000 crore order for 1600 MW thermal project from Adani Power. State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) has received an order worth Rs 4,000 crore from Adani Power Limited for setting up the 1,600 MW Raigarh Phase-II Thermal Power Plant at Raigarh, Chhattisgarh. BHEL in a filing said that it re

GOCL to monetise 264 acres of land parcel in Kukatpally for Rs 3,402 crore. Hinduja Group firm GOCL Corporation Limited (GOCL) on Wednesday said it has inked an initial pact with Hyderabad-based Squarespace Builders to initiate the strategic monetization of approximately 264.50 acres of prime land located in Kukatpally for Rs 3,40

South Korea's Hyundai Motor Group to invest bn won over 3 years. Hyundai Motor Group includes flagship Hyundai Motor and its affiliate Kia, which together are the world's number three automaker by sales

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers. Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint book runners for the issue

IIT alumnus Pavan Davuluri to take charge of Microsoft Windows, Surface. Davuluri will lead a team focused on developing silicon systems for Microsoft's Windows and Surface products

Adani Green Energy commissions 180MW solar plant at Devikot, Rajasthan. Adani Green Energy on Wednesday said it has operationalized a 180-MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), Adani Green Energy Ltd (AGE

Shoppers Stop bets on beauty, picks Kolkata for industry's 'largest store'. West Bengal's capital city is important to company's growth target, says senior executive

Sterlite Power, GIC to partner for developing power transmission projects. Sterlite Power and global investment firm GIC will set up a joint venture for developing and operating power transmission projects in India, a statement said on Wednesday. The joint venture (JV) will focus on developing and operating power transmission pro

Reliance Power's two subsidiaries settle debt worth Rs 1,023 crore. Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with Authum Investment's arm Reliance Commercial Finance. Reliance Power Ltd's two subsidiaries -- Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a deb

Co-working space provider BHIVE eyes IPO at issue size of Rs 500 cr by 2025. Backed by Blume Ventures, BHIVE expanded into the Mumbai-Pune region, securing office space at Adani's tower in BKC with an investment of Rs 25 crore

Nissan will invest in Renault EV unit even though IPO scrapped: CEO. "Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

69% Indian shoppers prefer deliveries with minimal packaging: Amazon study. Globally since 2015, Amazon has reduced the weight of outbound packaging per shipment by 41 per cent on average and eliminated over 2 million tons of packaging material

Pallavi Shroff refuses second term as Asian Paints' Independent Director. Pallavi Shroff, the Managing Partner of leading law firm Shardul Amarchand Mangaldas & Co, has refused a second term as an independent director of Asian Paints, amidst concerns raised by a proxy firm. Shroff has informed the Board of Directors of Asian Pai

DLF plans to raise Rs 600 crore through issue of debentures to investors. Realty firm DLF Ltd is raising Rs 600 crore through issue of non-convertible debentures (NCDs) to investors for refinancing of its existing debts. In a regulatory filing on Wednesday, DLF informed that the company's wholly owned subsidiary DLF Home Develop

Dr Reddy's partners with Sanofi India to distribute vaccine brands in India. Under the terms of this agreement, Dr Reddy's will have exclusive rights to promote and distribute Sanofi's vaccine brands, including Hexaxim, Pentaxim, Tetraxim, Menactra, FluQuadri and Adacel

Tata Motors unit, HPCL partner to install 5,000 EV charging stations. Tata Passenger Electric Mobility on Wednesday said it has tied up with Hindustan Petroleum Corporation Ltd to set up 5,000 public charging stations across the country by the end of the year. The collaboration will leverage Hindustan Petroleum Corporation L

Moderna secures 0 mn from Blackstone Life Sciences to develop flu shots. Blackstone Life Sciences will get commercial milestone payments and low-single digit royalties as part of the agreement, the COVID-19 vaccine maker said

REC board approves overall borrowing of Rs 1.6 trillion for 2024-25. State-owned REC Ltd on Wednesday said its board has approved an overall borrowing limit of Rs 1,60,000 crore for 2024-25. The board in its meeting held on Wednesday approved a borrowing limit of Rs 1.6 lakh crore, including Rs 1,45,000 bonds and term loans

Maruti Suzuki announces senior management rejig; promotes several employees. Maruti Suzuki India on Wednesday said its board has elevated Partho Banerjee as the new head of marketing and sales function with effect from April 1, 2024. He is currently serving as Head - Service. Banerjee replaces Shashank Srivastava who is "transferre

Schneider Electric Infra seeks nod to raise borrowing limit to Rs 900 cr. Schneider Electric Infrastructure will seek shareholders' approval to raise its total borrowing limit to Rs 900 crore from the existing Rs 550 crore through postal ballots. The e-voting for postal ballot will start at 9 am on Thursday and end at 5 pm on Fr

Renault Nissan JV to launch four new products, expand product portfolio. The Renault Nissan Alliance, a joint venture between automakers Japan-based Nissan and France headquartered Renault would launch four new products in the near future, a top official said here on Wednesday. Renault Nissan Alliance Chairperson Jean-Dominique

Reliance Industries shares jump 4%, mcap again reaches Rs 20 trn mark. Shares of Reliance Industries Limited were in heavy demand on Wednesday, rising nearly 4 per cent, with its market valuation again crossing the historic Rs 20 lakh crore mark. The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the

Magicrete completes process of acquisition of majority stake in Maxlite. Magicrete, which produces building product AAC Blocks, construction chemicals, and precast construction solutions, on Wednesday said it has completed the acquisition of a majority stake in Maxlite. The company did not disclose the actual stake that it has

PE firm Olympus to sell 9.8% stake in India's Aster DM for up to 4.5 mn. Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share

Squarefeet Group to invest Rs 300 cr on new housing project in Mumbai. Realty firm Squarefeet Group will invest around Rs 300 crore to develop a housing project at Thane in Mumbai Metropolitan Region (MMR). The company plans to develop about 1,000 flats in this 3-acre project named 'Yuva Rajya' and is targeting a revenue of R

Starburst Accelerator, IIT Madras join hands for €100 million startup hub. This partnership will enable export promotion and provide support for Indian ASD start-ups to explore international markets through the extensive network of Starburst

L&T board approves a proposal to raise funds worth Rs 7,500 crore. L&T added, these funds would be raised in the form of external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate

Operationally profitable for two quarters: Fashion platform Myntra. Brands on Myntra have recorded strong year-on-year (YoY) growth, with the catalogue size on the platform also having grown by over 50 per cent in the last year

Veeda Clinical Research buys European CRO Heads for an undisclosed sum. Veeda expands its footprint across major regions and will gain expertise in late-stage oncology trials

LIC world's strongest insurance brand: Brand Finance Insurance Report. According to the report, Cathay Life Insurance is the second strongest brand, with a 9 per cent increase in brand value to .9 billion

Tendulkar-backed RRP Electronics to invest Rs 5,000 cr in chip facility. RRP Electronics, a company backed by former cricketer Sachin Tendulkar, on Tuesday announced an investment of Rs 5,000 crore for a semiconductor facility in Maharashtra. The investment will be done over the next five years, the company said in a statement

Maxivision Super Specialty Eye Hospitals eyes 100 facilities: Chairman. Maxivision Super Specialty Eye Hospitals has set up its fifth facility in Tamil Nadu, the 46th such facility in the country, set up under its expansion plan a top official said on Tuesday. The eye care provider has targeted setting up 100 hospitals by 2025

AWS, Nilekani's EkStep collaborate for innovation in digital public infra. Amazon Web Services on Tuesday said it has collaborated with Nandan Nilekani's EkStep Foundation to set up a Joint Innovation Centre (JIC) to foster digital solutions for public service delivery. This joint effort will focus on enabling and accelerating th

India needs to double electronics manufacturing: Tata Electronics chairman. India has slowed down on the manufacturing front and needs to double down on electronics manufacturing services (EMS)-designing, manufacturing, testing components and assemblies for original equipment manufacturers, Tata Electronics Chairman Banmali Agrawa

Wipro-GE JV to invest Rs 8K crore to 'Make in India for the World'. The products slated for export include positron emission tomography-computed tomography (PET-CT) used for cancer diagnosis, CT, and magnetic resonance imaging (MRI) coils

ED attaches Rs 124 crore worth assets in probe against Religare Finvest. The Enforcement Directorate on Tuesday said it has attached assets worth more than Rs 124 crore belonging to various companies as part of a money laundering investigation against Religare Finvest Limited (RFL) and others. The properties attached, as part o

RBI imposes Rs 59.90 lakh fine on Nashik's Janalaxmi Cooperative Bank. The Reserve Bank on Tuesday said it has imposed a penalty of Rs 59.90 lakh on Nashik-based Janalaxmi Cooperative Bank for non-compliance with regulations. The Reserve Bank found out that the bank had failed to constitute a board of management within the ex

Adani Power gets CCI's approval to acquire Lanco Amarkantak Power. Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Adani Power's proposed acquisition of Lanco Amarkantak Power. Adani Power proposes to acquire 100 per cent share capital and control of the Lanco Amarkantak Power, pursuant to th

Sanofi, Cipla join hands to expand reach of CNS portfolio in India. Cipla will leverage its extensive network to distribute Sanofi's CNS portfolio, including Frisium, a leading anti-epileptic drug

NTPC signs aggrement with Japan's JBIC for Rs 1,650 crore funding. State-owned power giant NTPC on Tuesday said it has inked a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs 1,650 crore).. Japan Bank for International Cooperation (JBIC), a government policy-

Bank of Baroda wins co-branding rights for three Delhi Metro stations. State-owned Bank of Baroda (BoB) on Tuesday announced that it has acquired the co-branding rights for three stations of Delhi Metro. These stations are Inderlok, South Extension and Rajouri Garden. Delhi Metro Rail Corporation (DMRC) awarded the naming rig

Zee Entertainment should cut costs in profit pursuit, says panel. The move coming on the heels of a failed billion merger with Sony India and the collapse of a .4 billion cricket broadcasting deal over a missed payment

Avanse raises Rs 1,000 cr from investors led by Mubadala Investment Company. Avanse Financial Services, an education-focused non-banking financial company (NBFC), on Tuesday announced that it has raised primary capital of Rs 1,000 crore to fund business growth. This round of funding was led by Mubadala Investment Company (Mubadala)

Adani group eyes 45 GW renewable energy capacity by 2030 via solar power. Billionaire Gautam Adani's group is building the world's largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of 'Energy Revolution: The Adani Green Energy

Adani's stake purchase in Gopalpur Port to provide debt relief to SP Group. Adani Ports agreed to purchase a 95% stake in the port for 13.5 billion rupees (2 million) from Shapoorji and Orissa Stevedores Ltd

Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City. Axis Bank on Tuesday announced the introduction of digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat. With this introduction, Axis Bank becomes the first bank to offer a digital journey for GIFT Cit

Wipro GE Healthcare to invest Rs 8K cr in 5 yrs on medical devices, R&D. Wipro GE Healthcare on Tuesday said it will invest over Rs 8,000 crore in India over the next five years to increase local manufacturing and research and development (R&D) initiatives. The company, a leading global medical technology, pharmaceutical diagno

GAIL plans to commission its first green hydrogen project in April. "Once the initial hiccups are sorted at the commissioning stage, we expect to start producing in a month's time," one of the sources said

Zerodha's Nikhil Kamath leads mn round in coffee specialty brand Subko. Subko, a brand known for its premium coffee, baked goods, and bean-to-bar chocolate, has secured a significant investment round of million

SpiceJet to own 13 Bombardier Q400 planes after mn settlement. SpiceJet has over the last few months reached settlements with multiple lessors, including Aercap, as the company looks to restore its grounded fleet and return to full capacity

Adani Ports acquires 95% stake in Gopalpur Port in Rs 3,350 cr deal. Deal in Odisha will give company further access to mining hubs in eastern India says CEO

Funding for Indian startups falls 29% Y-o-Y to .6 bn in Q1 CY23: Report. Retail, fintech, enterprise applications sectors that go the largest amount of money, it says

Tejas Networks, Telecom Egypt sign pact to speed-up vision of Digital Egypt. Tata Group-backed telecom gear-maker Tejas Networks on Tuesday said it has signed an agreement with Telecom Egypt, Information Technology Industry Development Agency and National Telecom Institute to replicate its experience of implementing Bharatnet (Rura

Executives plan to invest more in GenAI for sustainability: IBM study. Nearly two-thirds of top executives surveyed believe that generative Artificial Intelligence (AI) will be important in their sustainability efforts while 76 per cent of executives plan to increase their investment in this emerging technology for sustainabi

Ambit Finvest raises Rs 690 crore from Daiwa Securities, existing investors. Non-bank lender Ambit Finvest on Tuesday said it has raised Rs 690 crore from a Japanese securities group and other existing investors. Japan-based Daiwa Securities Group, which has been a partner for Ambit Group in other businesses, will get a minority st

Nissan Motor plans to launch three all-new models in India by FY26. Japanese auto major Nissan Motor Co Ltd plans to launch three all-new models in India by fiscal year 2026 and make the country a hub for exports under its new global business plan to drive value and strengthen competitiveness, according to a company statem

Daimler India CV posts record sales in 2023 boosting growth in revenue. Daimler India Commercial Vehicles, the subsidiary of truck manufacturer Daimler Truck AG, recorded a 39 per cent growth in sales of trucks and buses in 2023, a top official said on Tuesday. The Indian subsidiary of Germany-based Daimler Truck posted a 13 p

ZEE introduces monthly management mentorship programme to meet key metrics. A special committee has been formed to offer strategic guidance, which includes achieving the targeted 20% Ebitda margin set forth by the MD & CEO

SpiceJet settles Rs 755 crore liabilities with aircraft lessor EDC. The carrier stated that it will acquire full ownership of these 13 planes as a part of the agreement. It mentioned that the liabilities arose from a loan taken by the airline to procure these planes

LIC receives GST demand notice of Rs 39.39 lakh from Gujarat I-T officials. Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 39.39 lakh on it for short payment of Goods and Services Tax (GST) for 2017-18. The company has received a communication/demand order for int

Amazon invested .2 bn, hired 15,000 people in 2023 to tackle counterfeit. Online marketplace Amazon invested more than USD 1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers, and customers from fraud and counterfeit, according to the Amazon 2023 Brand Protection Report. Amazon said when a custom

YouTube removes 2.25 mn videos in India for violating community guidelines. YouTube also said that more than 96 per cent of these videos were first flagged by machines rather than humans

Adani Ports set to buy 95% of Odisha's Gopalpur Port for 2 million. Adani Ports will purchase a 56% stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39% stake from Orissa Stevedores

Dell reduces workforce as part of broader cost cuts, limits external hiring. The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month

Both Religare resolutions defeated by shareholders amid public spat. In a stock exchange filing, Religare said both resolutions have 'failed to pass with requisite majority as per Section 114(2) of the Act'

Amul launching four variants of milk in US market within a week: MD Mehta. For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. "We have b

Co-working spaces set to expand capacity in 12-24 months as demand rises. WeWork plans to inaugurate its first building in Chennai in early June. Currently, the company is spread out across 54 locations with more than 90,000 desks across seven cities

Jindal Stainless collaborates with IIT-Kharagpur for metallurgical projects. Jindal Stainless Ltd and IIT Kharagpur will jointly work on metallurgical projects like primary alloy production and materials characterisation. It is an industry-academia collaboration, under which the premier educational institution will offer technical

Mahindra Lifespace to invest Rs 6,000 crore in residential business by FY28. It is also setting sight on housing society redevelopments, and the acquisition of land parcels on an outright basis

Royal Enfield maker Eicher Motors sets up Dutch unit for EU expansion plan. The business is growing quickly in the EU and the new warehouse will cut lead times to two weeks from 90 days currently, Gopal added

Venture capital major Accel aims to invest in 25 Indian startups: Prashanth. May launch India-focused fund in a few years

Google Play billing system comes under RBI scanner over alleged violations. The complaint pertains to the operation of several of Google's aggregator platforms in India, which are registered in foreign countries, including Singapore and the US

Space World plans to connect data centres in 7 major cities in a year. India already has over 4 million km of fibre optic cables, primarily owned by telecom operators

SSEL aims to make new plant operational in Jul-Sep qtr, says CMD Reddy. Transformers maker Shirdi Sai Electricals Ltd (SSEL) looks to start operations at its new Rs 300 crore unit in Andhra Pradesh by the September quarter, its CMD N Viseswar Reddy said. SSEL is setting up a facility to manufacture conductors in the YSR Distri

Tech Mahindra to merge two US-based subsidiaries to optimise costs. IT services and consultation company Tech Mahindra said it plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is su

IL&FS seeks nod to sell insolvent companies without shareholders' approval. IL&FS group has approached the NCLAT to seek permission to sell its stake with a "haircut" and without shareholders' approval in its companies, which are insolvent with unsustainable debts and placed under the Category II list of resolution framework. The

India has extremely affordable airfares: Akasa Air CEO Vinay Dube. India has "incredibly affordable" airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube. As Akasa Air prepares to t

Mother Dairy expects 30% demand surge this summer for milk products: MD. Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Mother Dairy, a leading milk supplier in Delhi-NCR, has nine company-

LTIMindtree-Aramco JV to work on enhancing women employment in Saudi Arabia. The joint venture of tech consulting firm LTIMindtree and Aramco will mirror India's strategy to build a technology talent pool in Saudi Arabia and enhance women's employment in the country, a senior official of the Indian IT company said. LTIMindtree and

Housing.com not actively seeking acquisition, open for opportunities: CEO. Proptech firm REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate "interesting" opportunities that complement the business or help in securing new technologies, its

TMB shareholders take the legal route to fast track MD appointment. Krishnan Sankarasubramaniam, TMB's managing director and chief executive officer, resigned from his position on September 28, 2023. He continues to serve until a new appointment is confirmed

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