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AESL Raises USD 1 Billion Via QIP Route, Largest In India’s Power Sector
The transaction was launched post-market hours on 30 July 2024 with a base deal size of INR 5,861 crore (USD 700 million) and included a green shoe option to size up to INR 8,373 crore (USD 1 billion).
Adani Reveals $213 Billion Succession Strategy Amid Ongoing Scrutiny
The group has faced regulatory probes both in India and the US. In March, Bloomberg reported that US prosecutors were investigating whether an Adani entity, company executives, or Gautam himself were involved in bribing Indian officials for favorable treatment on a green-energy project.
Power Finance Corporation Faces Corporate Governance Concerns Over Shapoorji Pallonji Group Loan
Power Finance Corporation Ltd., a state-owned power lender, is encountering corporate governance issues concerning a recent loan approval to the Shapoorji Pallonji Group.
Indian Markets Plunge Amid Global Sell-Off Concerns
Indian equity markets faced a steep decline on Monday morning, influenced by negative signals from Asian counterparts.
Indian Startups Secure Over $341 Million In Funding Amid Robust Week
Over the past five years, more than 10,000 technology startups have been empowered through various government schemes.
CBDT’s Central Action Plan 2024-2025: An In-Depth Overview
The CBDT's 2024-2025 Central Action Plan plan enhances tax administration and services to support Viksit Bharat by 2047.
Ambuja Cements Announces Rs. 1600 Cr Investment To Set Up 6 MTPA Cement Grinding Unit In Bihar
BIADA has allotted 67.90 acres of land for this cement unit for which environmental clearance has been obtained for work on the site. This unit is likely to be operational by December 2025.
Indian Equity Markets Plunge Amid Profit-Taking
Indian equity markets experienced a significant downturn on Friday as investors engaged in profit-taking following recent gains.
Air India Suspends Tel Aviv Flights Amid Middle East Tensions
Amid escalating tensions in the Middle East, Air India has announced an immediate suspension of all flights to and from Tel Aviv until 8 August.
SEBI Chairperson Highlights India’s IPO Dominance, Announces Simplification Measures
On Friday, SEBI Chairperson Madhabi Puri Buch said that India leads the world in the volume of initial public offerings (IPOs) and issuances.
