Business  /  Published 25.07.20

Infosys: Shibulal sells shares

The family members of Infosys co-founder S.D. Shibulal have sold 85 lakh shares of the IT services firm for Rs 777 crore, regulatory filings have shown. These shares, accounting for around 0.20 per c...
By Our Special Correspondent in Mumbai

Business  /  Published 24.07.20

Spencer's: rights issue float

Spencer’s Ltd, the hypermarket chain from the stable of RP-SG Group, is going to launch its maiden share sale to the public in the first week of August with a Rs 80-crore rights issue. Priced a...
By Sambit Saha in Calcutta

Business  /  Published 13.07.20

Work starts on IRFC initial public offering

The finance ministry is planning to come out with the initial public offering of Indian Railway Finance Corporation by the fourth quarter of the current fiscal. A finance ministry official said they ...
By R. Suryamurthy in New Delhi

Business  /  Published 08.07.20

Unacademy acquires Chandigarh-based startup for $50m

Online learning platform Unacademy on Tuesday said it has acquired Chandigarh-based startup PrepLadder for $50 million (around Rs 375 crore) in a cash and stock deal as it looks to expand its presence...
By A Staff Reporter in Calcutta

Business  /  Published 03.07.20

Board clears Axis Bank fund raiser

Axis Bank on Thursday said it has received the board’s approval to raise up to Rs 15,000 crore though issuance of various securities. The fund raising will be “through issue of equity sha...
By The Telegraph in New Delhi

Business  /  Published 27.06.20

 ITC dividend gift

Buoyed by a Rs 1,020-crore tax gain, city-based conglomerate ITC Ltd has declared a hefty dividend of Rs 10.15 a share even as the company’s gross revenue from sales in the fourth quarter dropped be...
By Our Special Correspondent in Calcutta

Business  /  Published 27.06.20

Leg-up to promoters

The relaxation in the method to calculate the price of preferential shares for any issue from July to December will not only help the promoters to raise their holdings but also enable them to raise mu...
By Our Special Correspondent in Mumbai

Business  /  Published 25.11.19

Trade deal hope spurs record run

The Sensex closed at a new record high of 40889.23 on Monday as expectations of improved US-China trade ties swayed sentiments, with investor wealth rising Rs 1.81 lakh crore on the BSE.The benchmark...
By Our Special Correspondent in Mumbai

Business  /  Published 24.02.19

Enemy asset rules come into play

India will fast track the sale of “enemy shares” in 996 companies as part of its economic diplomacy aimed at hurting Pakistan. The Narendra Modi-government has already taken away the MFN status fr...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 11.12.19

Yes Bank stock plunges

The Yes Bank stock on Wednesday plummeted over 15 per cent because of uncertainty in its proposed $2-billion fund raising plan.The fall in the stock comes a day after the lender said its board was wil...
By Our Special Correspondent in Mumbai


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