Monday, March 1, 2021

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KKR to acquire 54% stake in JB Chemicals for Rs 3,750 crore

Global investment firm KKR & Co. Inc. will pull up a regulating stake in Mumbai-based branded formulation player JB Chemicals and Pharmaceuticals (JB Chemicals). As part of the deal, KKR will procure the stake from the founding Mody family at...

Axis Bank board approves up to Rs 15,000 crore capital raising plan

On July 2, the foremost private sector lender, Axis Bank, informed that it was preparing to raise to Rs 15,000 crores through the issuance of various means. The board of the bank has accepted the recommendation of raising funds not...

NSE introduces two more Bharat Bond indices

NSE informed its index services unit NSE Indices has introduced two more indices -- Nifty Bharat Bond Index-April 2025, and Nifty Bharat Bond Index-April 2031, under the Nifty Bharat Bond Index series. The Bharat Bond Index series follows a distinctive...

Kalyan Jewellers assigns Sanjay Raghuraman as new CEO

On Thursday, Kalyan Jewellers declared the engagement of its Chief Executive Officer (CEO) as well as the evolution of its board to have two new directors. With this declaration, the company upraised Sanjay Raghuraman to CEO from his previous...

IndiGo to give 25% discount on airfare to doctors and nurses till year-end

On Thursday, Indigo decided it will give a 25 percent discount on the airfare to doctors and nurses till the end of 2020 as they are at the warriors of the battle against the COVID-19 pandemic. "The doctors and...

India’s Manufacturing PMI witnesses peak In June as activities resume post lockdown

A measure of India's manufacturing sector leaped up high in the month of June, as economic activity resumed after the nation relaxed regulations to slow the spread of the coronavirus. The India Manufacturing Purchasing Managers’ Index, bought together by...

June GST collections stand at Rs 90,917 crore, 9% less on YoY basis

On Wednesday, the department of revenue revealed that, Goods and service tax (GST) collections for the month of June 2020 attained Rs 90,917 crore at gross levels, 9% lower than the exact month previous year. The summations are higher...

Carlyle Group to acquire 25% stake in Airtel’s Data Centre Business

On Wednesday, The Carlyle Group declared that it will invest $235 million for roughly 25 per cent stake in Nxtra Data Ltd, a fully-owned subsidiary of Bharti Airtel occupied in the data centre business. The post-money enterprise quotation of Nxtra...

India plans incentives for auto companies to boost exports : Sources

India is deriving up an incentive scheme for the autos sector directed towards increasing the exports by two folds of vehicles and components in the next five years, according to the internal sources. The Department of Heavy Industries (DHI) has...

Bharti Airtel becomes second largest telecom provider in terms of subscribers

In the duration of less than two years, Vodafone Idea has lost 116.13 million subscribers, pushing down the company to the third position with a user count of 325 million. On the contrary, during the same period, Reliance Jio...

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