Nine of India’s ten most-valued companies collectively added Rs 1,00,850.96 crore to their market capitalisation last week, lifted by broadly positive sentiment in the equity markets. Reliance Industries and HDFC Bank led the gains, reflecting investor confidence.The benchmark BSE Sensex rose by 737.98 points, or 0.90%, during the week, helping major firms register healthy growth…
Sakshi Gupta had gained unauthorised access to more than 110 accounts of 41 customers and executed multiple illegal transactions. Rs 4.58 crore siphoned off – over 100 accounts of customers accessed – fixed deposits broken: This is not some movie plot – it’s a stunning fraud that a former ICICI Bank relationship manager pulled off!…
A man accused of swindling over Rs 30 crore in export-related benefits under the Foreign Trade Policy by using fake documents has been arrested by Delhi Police after being deported from the US.The accused, identified as Angad Pal Singh, also known as Angad Singh Chandhok, was taken into custody on June 2 after being flown…
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must…
On World Environment Day, Cauvery Calling—a movement aimed at reviving the Cauvery River—marked a major milestone: 1.36 crore saplings planted in just the last year. This brings the total count since its launch to over 12 crore trees across the river basin, a region that supports more than 8 crore people. Started by spiritual leader…
The Mumbai-listed metals conglomerate, Vedanta Ltd, currently undergoing a revenue stream-wise demerger, is set to raise up to Rs 5,000 crore through a private placement of debt instruments with leading mutual funds, insurers, and alternative investment funds (AIFs), according to sources familiar with the development.The company will issue secured non-convertible debentures (NCDs) in two tenures,…
MUMBAI: Existing shareholders in four companies are planning to sell their stakes through block trades on Wednesday, aiming to mobilise about Rs 3,500 crore, sources said. Private equity major TPG is selling its entire 2.1% stake in Tata Technologies, which could fetch about Rs 630 crore. Through another block trade, CA Dawn Investments, an arm…
MUMBAI: Yes Bank’s board approved several proposals, including a plan to raise Rs 7,500 crore via equity and Rs 8,500 crore via debt, following Japan’s Sumitomo Mitsui Banking Corp’s planned entry as a strategic investor. The decisions, taken on June 3, mark a shift in the bank’s capital structure and governance framework. The proposals are…
WestBridge Capital on Tuesday sold a 12.4 per cent stake in Aptus Value Housing Finance, amounting to Rs 1,906 crore, via an open market transaction.The private equity firm, one of the promoters of Aptus Value Housing Finance, executed the sale through its investment arm, WestBridge Crossover Fund LLC. According to bulk deal data on the…
Realty developer NeoLiv has sold all 263 residential plots in its debut project ‘NeoLiv Grand Park’ located in Kundli-Sonipat, Haryana, garnering over Rs 300 crore in sales.In a statement issued Tuesday, the Mumbai-based firm said the project, spread across 19.46 acres, witnessed demand nearly four times the available inventory, underscoring strong buyer interest, reported PTI.“The…