Geojit Financial Services approves rights issue at ₹50 per share
The rights entitlement ratio has been set at one equity share for every six shares held as of the record date, representing a ratio of 1:6, the company said in an exchange filing.
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Sandur Manganese gets Karnataka environment clearance to hike capacity
The approval from the Karnataka State Pollution Control Board (KSPCB), granted under the Air and Water Act, allows the company to enhance production from 0.43 million tonnes per annum (MTPA) to 0.55 MTPA at its mining lease. Shares of Sandur…
Religare Enterprises clears ₹163.75 crore debt, becomes debt-free
“Upon such re-payment, the company has now become an external debt-free entity,” the financial services company stated in an exchange filing on September 19, 2024.
RBI lifts six-month ban on IIFL Finance’s gold loan operations
The ban earlier this year was a response to certain compliance issues flagged by the RBI, aimed at ensuring that IIFL Finance aligned with regulatory standards.
Tata Power and Adaro International in arbitration over coal supply dispute
Adaro, alleging a breach of contract by TPCL, has initiated the arbitration process with a claim of $106 million. Tata Power, in response, has raised counterclaims of $229.947 million for Adaro’s failure to fulfil its obligations under the coal supply…
DCX Systems hits 5% upper circuit on ₹155-crore export order win
DCX Systems has received export orders worth ₹154.8 crore for supplying RF (Radio Frequency) Electronic Modules.
Japanese firm Konoike Transport wins ₹320-crore bid for MSTC arm Ferro Scrap Nigam
FSNL is a wholly-owned subsidiary of MSTC Ltd under the Ministry of Steel, while Konoike Transport is listed on the Tokyo Stock Exchange and has a longstanding presence in the steel industry. Shares of MSTC Ltd ended at ₹722.65, up…
Infosys extends collaboration with Posti by seven years for AI edge
The renewed partnership with Posti, which is the leading delivery and logistics provider across Finland, Sweden, and the Baltics, will focus on customer experience and operational efficiency by adopting an AI-first strategy via Infosys Topaz. Shares of Infosys Ltd ended…
India’s growth soars, but why FIIs are staying cautious – Jefferies Mahesh Nandurkar explains
Nandurkar emphasised that India’s appeal is not limited to traditional India-dedicated funds or emerging market specialists. Global mandates are increasingly eyeing India as an attractive investment destination. “The interest in India is extremely high,” says Nandurkar. “But concerns around valuations…
Top hedge fund manager predicts ‘market crash’ under Kamala Harris’ tax plans
According to Paulson, if Harris’ proposed 25% tax on unrealised gains for those making $100 million or more, is implemented, it would cause ‘mass selling of almost everything’.