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Former ILFS directors under scanner for money laundering
Business, Market News, Markets - March 28, 2019

Former IL&FS directors under scanner for money laundering

The Enforcement Directorate(ED), in February, 2019 made a foray at multiple locations in Mumbai, Delhi and Gurugram regarding the financial irregularities of Infrastructure Leasing & Financial Services(IL&FS). IL&FS CFO Maharudra...
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Maruti Suzuki sets the target of regaining 50 percent auto market share in India
Automobile News, Autos, Business, Market News, Markets - March 27, 2019

Mahindra XUV300 takes on the rivals. How does it fare

Buying a car today is a battle. When you buy a car, you keep various things in mind. The first thing that comes to your mind is the budget, which...
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Debt-laden Jet Airways resolution plan in motion
Market News, Markets - March 26, 2019

Debt-laden Jet Airways resolution plan in motion

The board of debt-laden Jet Airways met on 25th March 2019 to decide on the ways to obtain interim funding for the company and also to get an outlook for...
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RCom Enterprise pledges 12.50 crore shares with IndusInd Bank
Market News, Markets - March 25, 2019

RCom Enterprises pledges 12.50 crore shares with IndusInd Bank

Anil Ambani’s led Reliance Communication Enterprises(RCE) has pledged 4.52% of its holding to IndusInd Bank which values up to Rs 12.50 crore. Reliance Communications was the major business of Anil...
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Market News, Markets - March 25, 2019

Aurobindo Pharma acquires 7 oncology injectables from Spectrum Pharma

Aurobindo Pharma USA Inc’s wholly owned subsidiary Acrotech Biopharma LLC which in turn is a wholly own subsidiary of Aurobindo Pharma Limited. On 2nd March 2019 Aurobindo Pharma Limited’s subsidiary,...
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Nirav Modi arrested in London
Market News, Markets - March 22, 2019

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...
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Vodafone Idea, Anant Raj & Railway Plays Drive Smallcap, Midcap Rally
Market News, Markets - March 22, 2019

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...
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Indian Startups Accelerate IPO Parade as Market Matures in 2025
Market News, Markets - March 21, 2019

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....
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HCL close to hit all time high in deal pipeline
Market News, Markets - March 19, 2019

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....
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Reliance Communications settles dues with Ericsson
Market News, Markets - March 19, 2019

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...
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