Airtel gets notices from DoT and TRAI, faces penalties exceeding ₹43 lakh
Bharti Airtel faces DoT penalty of ₹6.67 lakh for subscriber verification lapses and TRAI disincentive of ₹37.12 lakh over complaint redressal, plans to contest TRAI order.
admin
Welspun Corp sells part of Saudi pipe business stake for over ₹650 crore
Following the transaction, Welspun Corp’s US-based wholly owned subsidiary, Welspun Pipes Inc., will continue to hold a 22% equity stake in EPIC.
Bombay HC rejects Lilavati Trust’s defamation plea, says HDFC Bank’s claims were truthful
The Bombay High Court on Tuesday dismissed an interim application filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Mumbai’s Lilavati Hospital, seeking to restrain HDFC Bank, its Managing Director and CEO Sashidhar Jagdishan, and others from making allegedly…
US trade deficit narrows in April to $56 billion as record exports offset strong imports
US trade deficit narrowed to $55.9 billion in April as record exports, driven by petroleum and capital goods, outpaced rising AI related imports, offering modest support to growth.
Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers
A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.
US stocks rise at open as oil prices ease; tech shares lead gains
US stocks rise as AI and tech shares gain, oil falls on Israel Iran pause and Trump peace hopes, Apple slips after AI updates, Asia markets rally led by KOSPI and Samsung
Quality Power to buy insulator maker Winwin in ₹315 crore deal
Winwin Speciality Insulators manufactures high-voltage ceramic and polymeric insulators from its facility at the Atchutapuram Special Economic Zone near Visakhapatnam, Andhra Pradesh.
Stocks to Watch for June 10: Bharti Airtel, Indigo, Ajanta Pharma, OMC stocks and more
Bharti Airtel gains relief after the Bombay High Court quashed OTSC demands, while IndiGo remains in focus following a 10% hike in aviation turbine fuel prices. Ajanta Pharma sees a promoter stake sale via a block deal, the government expands…
Oil prices slide below $91 as Israel-Iran truce eases supply fears
Brent crude falls below $91 as Israel-Iran tensions ease, weak China demand and rising US crude exports shift focus from supply risks despite modest OPEC+ output increase
Dixon teams up with Taiwanese firm to make telecom and data centre equipment in India
Dixon Technologies (India) Ltd has entered into a binding term sheet with Taiwan-based Gemtek Technology Co., Ltd. to form a joint venture for manufacturing optical transceivers, BOSA modules and other telecom products in India.