Category: Uncategorized

India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp […]

The Wheat Products Promotion Society (WPPS) has underscored the need to position wheat as the primary food crop to meet India’s future food requirements. WPPS, which recently organised a one-day seminar, focused on the role of wheat as a major food crop in India’s pursuit of Sustainable Development Goal (SDG)-2 of achieving zero hunger by […]

Adani Green Energy Ltd has cancelled the board meeting on Wednesday, scheduled to consider and approve fundraising options, the company said in an exchange filing. The next date of the meeting will be informed with a fresh notice, the company said  Reports that Mahindra & Mahindra, promoter of Mahindra CIE Automotive is likely to sell 1.2 […]

Globally, energy producers have been the biggest beneficiary of the supply disruptions and an unprecedented rally in energy prices in 2022. In India, although crude oil is predominantly imported, ONGC and Oil India are the major domestic producers, contributing only a fifth of the country’s total oil requirements. The remaining balance is imported, with minor […]

Adani Group companies have added nearly ₹82,000 crore in market capitalisation to cross ₹10-lakh crore for the first time after the wild allegations made by the short-seller Hindenburg Research report in January. All the 10-Adani Group companies have ended the day on a positive note, taking the overall market capitalisation to ₹10.18-lakh crore with the […]

The rupee depreciated 13 paise to 82.80 against the US dollar in early trade on Monday, after the central bank said it will withdraw the highest value currency note from circulation. At the interbank foreign exchange, the domestic unit fell to 82.80 in initial trade, registering a decline of 13 paise over its last close. […]

Transworld Holdings plans to voluntarily delist equity shares of its Indian subsidiary, Shreyas Shipping & Logistics, through a reverse book-building process. The proposed delisting of SSL will reduce the ongoing substantial compliance costs, including the costs associated with listing equity shares such as annual listing fees and fees payable to share transfer agents, expenses towards […]

Indian steelmakers have expressed concerns over the non-availability of Railway rakes to transport iron ore and other raw materials. Steel makers through the Indian Steel Association – which has participation from the likes of Tata Steel, SAIL, JSW, JSPL, AMNS India and others – have pointed out that empty rakes (called BOXN wagons) are moving […]

A Supreme Court mandated six-member committee, led by former Supreme Court judge AM Sapre, stated that it was unable to conclude at present, that there was regulatory failure by SEBI in the Adani-Hindenburg case. The court had established the Sapre panel to investigate if there was a regulatory failure in addressing the alleged violations of […]

The share price of Refex Industries rose on the NSE by ₹71.10, hitting the 20 per cent upper circuit, and closed at an all-time-high of ₹426.64 per share of ₹10.  As many as 7.14 lakh shares were traded today, for ₹30.37 crore.   This came on the heels of the company reporting, on Thursday, an over […]