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Nirav Modi arrested in London

Nirav Modi arrested in London

Billionaire jeweler Nirav Modi has been arrested in London, the British Police confirmed on 20th March, 2019. The fugitive jeweler is wanted by Indian authorities over a loan fraud of...
Vodafone Idea board approves Rs 25000 crore rights issue

Vodafone Idea board approves Rs 25000 crore rights issue

In a board meeting held on 20th March, 2019 Vodafone Idea took the decision to issue equity shares. India’s largest telecom operator confirmed Rs 25,000 crore rights issue. Right Issue...
MSTC IPO gets fully subscribed after the extension

MSTC IPO gets fully subscribed after the extension

Government-owned trading and E-commerce company MSTC was subscribed 1.46 times up to Rs. 226 crores and bids for 2.58 crores shares after extending the subscription date till 20th March 2019....
HCL to provide support to Xerox

HCL to provide support to Xerox

HCL Technologies has entered into an agreement with the American Global Corporation Xerox. They have agreed to share services agreement which contains the provision of global administrative and support functions....
Reliance Communications settles dues with Ericsson

Reliance Communications settles dues with Ericsson

On 18th March 2019, the day before the deadline by Supreme court Mukesh Ambani led Reliance Industries made a striking intervention and saved his younger brother Anil Ambani from going...
Adani Ports and SEZ approves buyback of 14000 NCD’s

Adani Ports and SEZ approves buyback of 14000 NCD’s

India’s largest private multi-port operator Adani Port and Special Economic Zone Limited’s (APSEZ) board has agreed to buyback non-convertible debentures (NCD’s) worth Rs 1400 crore. APSEZ is a business segment of...
Adani Enterprises receives LoA’s from NHAI.

Adani Enterprises receives LoA’s from NHAI

Adani Enterprises transport arm Adani Transport Limited, a wholly owned subsidiary received Letter of Awards (LoA’s) from National Highway Authority of India (NHAI). These LoA’s were received as a result...
Bharti Airtel is set to sell 32% stake in Bharti Infratel Ltd

Bharti Airtel is set to sell 32% stake in Bharti Infratel Ltd

With the recent upheavals in the telecom industry, another major telecom company comes into the limelight following a sale of shares. Airtel’s wholly owned subsidiary Nettle Infrastructure Investments Ltd. are...

Metal Scrap Trade Corporation Limited (MSTC) -IPO note: AVOID

Issue Highlights: Metal Scrap Trade Corporation Limited (MSTC) is a Public Sector Undertaking incorporated on 9th September 1964 with headquarters in Kolkata, India. MSTC comes under category-I Mini Ratna owned...
Mahindra CIE to acquire Aurangabad Electricals

Mahindra CIE is set to acquire Aurangabad Electricals

In a meeting, held on 12th March, 2019 the board of Mahindra CIE Automotive agreed the acquisition of Aurangabad Electricals Ltd. (AEL). They have acquired 100% of the issued and...