Sumeet Industries to raise ₹200 cr via rights issue
Sumeet Industries, a leading integrated polyester manufacturer, plans to raise Rs 200 crore through a rights issue aimed at enhancing financial flexibility and supporting the company’s strategic business priorities.The Board…
NLC signs MoU with Indian Oil Corporation to develop renewable projects in Tamil Nadu
NLC India Ltd (NLCIL) has signed a memorandum of understanding (MoU) with Indian Oil Corporation Ltd (IOCL) for formation of a joint venture for establishment of renewable energy power projects…
Swiggy ties up with Zerodha Fund House to enable delivery partners to invest in mutual funds
On-demand convenience platform Swiggy Ltd on Tuesday said it has partnered with Zerodha Fund House to enable delivery partners to save a part of their earnings with investments into mutual…
Out-of-Home advertising firms see renewed investor interest
Shares of listed companies in the domestic Out-of-Home (OOH) sector are witnessing a rally, driven by the potential growth in the sector.Two companies from this sector are listed on the…
Two dead in a blaze at Dakshin Energy’s plant in Pharma City, Visakhapatnam
A fire accident at Dakshin Energy factory in Pharma City, Parawada, Visakhapatnam, left two dead and two injured.According to police, the fire broke out in the wee hours of Tuesday.…
DEE Development Engineers’ subsidiary bags ₹64-crore windmill tower order
DEE Development Engineers Ltd's wholly-owned subsidiary, DEE Fabricom India Private Ltd, has secured an order worth approximately ₹64 crore (inclusive of GST) for the supply of windmill towers, the company…
Bharti Airtel completes share swap with ICIL, raises Africa stake to 79%
Bharti Airtel Limited on Tuesday disclosed to stock exchanges that it has completed a composite share-swap transaction with Indian Continent Investment Limited (ICIL), under which it acquired a 16.3 per…
Gujarat regulator holds right-of-way obstruction can qualify as force majeure
In an important ruling, the Gujarat Electricity Regulatory Commission (GERC) has held that project delays arising from right-of-way (RoW) issues can, in certain circumstances, qualify as force majeure — events…
JSW Infra plans ₹7,500 crore fundraise through QIP offering
The fresh issue leads to dilution of 9.9 per cent the post issue equity capital while it will be 1.4 per cent offer post issue equity capital.The company will use…
Petrol, diesel margins back above pre-conflict levels: Report
Profitability at state-run oil marketing companies (OMCs) is set to improve as falling crude oil prices lift fuel marketing margins, although rising debt levels and uncertainty over fuel taxes could…
