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Fitch Ratings has maintained the credit rating of UPL Corporation at ‘BB/Stable’ after the proposed group reorganisation. It will not lead to any change in its creditworthiness or consolidated rating framework, it said. In its note on Friday, Fitch said that the new corporate structure preserves cash fungibility, majority control and common governance, along with […]

Exchange traded fund concept. A bull and bear besides the golden text ETF. istock photo for BL | Photo Credit: aprott Inflows into physically-backed gold exchange-traded funds retumed in the second week of February, after investors booked profits in the first week. However, inflows were lower than outflows. According to data from the World Gold […]

GHV Infra: Company wins ₹123 Crore Solar Project for 28.83 MWp Rooftop Plants. (Positive) NCC: AVSR Holdings bought 1.24 lakh shares. (Positive) Time Technoplast: Time Exports bought 1.55 lakh shares. (Positive) Apollo Pipes: S Gupta Holding bought 5.25 lakh shares. (Positive) Zydus Lifesciences: The US FDA completes an inspection of the company’s Ahmedabad unit with […]

In recent years, maize has overtaken traditional sugarcane-based feedstocks to become the primary source of raw material for ethanol production process in India. The role of maize in India’s ethanol blending programme has strengthened considerably during the Ethanol Supply Year (ESY) 2024–25 (November-October), reflecting a clear shift in feedstock dynamics. Maize emerged as the dominant […]

According to SEBI’s adjudication order, this action is the outcome of a multi-year investigation spanning FY17 through FY20. | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI) on Wednesday levied aggregate monetary penalties of ₹1.35 crore on Oriental Trimex, its promoters, and other associated parties for alleged large-scale misstatement and manipulation […]

SBI Funds Management Ltd. may file draft papers for an initial public offering next month, according to people familiar with the matter, in what could be the biggest listing by an asset management company in India. The nation’s biggest asset manager plans to submit its draft red herring prospectus for the IPO that could raise […]

Kuldeep Jain, Founder and Managing Director, CleanMax Enviro Energy Solutions CleanMax Enviro Energy Solutions scaled back its fundraise from over ₹5,000 crore to ₹4,600 crore for its initial public offering on February 23, amid renewable sector headwinds marked by sliding valuations and cautious investor sentiment. Founder and Managing Director Kuldeep Jain speaks about pricing discipline, […]

Gold slipped further below $5,000 an ounce in thin trading, with much of Asia closed for the Lunar New Year and after a US holiday on Monday. Bullion fell as much as 1.4% on Tuesday, having lost 1% in the previous session. The metal had rallied briefly on Friday when modest US inflation data boosted […]

Sunny Kumar Singh, Founder & CEO, DIAMANTE Caratix Jovella, a leading luxury jeweller, has launched a new brand DAIMANTE that combines artificial intelligence–assisted design with traditional craftsmanship to create jewellery that reflects modern values without losing emotional depth. At DAIMANTE, every design begins with AI-generated forms inspired by nature, geometry and energy. These concepts are […]

India has agreed to phase out its imports of Russian crude oil and replace them with US and Venezuelan crude, according to US officials | Photo Credit: iStockphoto Moody’s Analytics has emphasised that turning away from Russian oil will push up domestic energy prices. However, an immediate halt of the geopolitically-sensitive commodity by New Delhi […]