SEBI has notified the purposes for which mutual funds can avail intraday borrowings, expanding the framework to help asset management companies manage short-term liquidity mismatches while ensuring that the associated costs are not passed on to investors.
STL won a European patent dispute against Fujikura Ltd, strengthening its position in optical connectivity markets. The EPO revoked Fujikura’s patent EP 3796060.
Investor meetings are set to begin next week, with a listing expected around October, said the sources, who are directly familiar with the IPO process.
A small explosives business that entered defence over a decade ago has grown into a ₹1.6 lakh crore enterprise, creating one of India’s biggest promoter fortunes.
Shares of Ashoka Buildcon Ltd ended at ₹131.15, up by ₹4.15, or 3.27%, on the BSE.
Wheels India informed the exchanges that its board has approved the fund raise via preferential allotment, including QIP. The same is subject to shareholder and other regulatory approvals, as required.
The fresh wins include a mega education complex in Keonjhar and two Kendriya Vidyalaya campuses, adding nearly ₹159 crore to NBCC’s education infrastructure portfolio.
The Sensex gained 828 points to close at 77,569, while the Nifty advanced 244 points to settle at 24,207, ending above the 24,200 mark. The rally was supported by gains across most sectors, with 25 of the 30 Sensex constituents…
Almost all of the filings related to SK Hynix are for leveraged and inverse strategies tracking the Korean chipmaker’s Nasdaq-listed American Depositary Receipts (ADRs).
IEA downgrades Russian oil production outlook due to Ukrainian attacks on energy infrastructure, impacting global supply.