BENGALURU (Reuters) – Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt securities via private placement, …
By Rishika Sadam BENGALURU (Reuters) – More than 36% of the 400 drug manufacturing units inspected since last year in India were ordered to be shut, the country’s drug regulator said on Thursday, after deaths linked to sub-standard cough syrups prompted an increase in scrutiny. The country, regarded as the world’s pharmacy given the volume …
Indian regulator says 36% of inspected drug-making units had to be shut Read More »
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India’s No.2 IT services exporter during a 2020 contract, the country’s markets regulator said on Thursday. Parekh agreed to pay 2.5 million rupees (around $30,000) to settle the …
By Kashish Tandon BENGALURU (Reuters) – Indian whisky maker Allied Blenders and Distillers’ $180-million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market. The IPO, the first by an alcohol company since Sula Vineyards’ in 2022, received …
Indian whisky maker Allied Blenders’s IPO attracts bids worth $3 billion Read More »
BENGALURU (Reuters) – India’s Quant Mutual Fund said on Thursday that its investors withdrew about 13.95 billion rupees ($167 million), a “small” figure”, in the three days since the market regulator reportedly started a probe over allegations of “front running”. Local news media had on Sunday reported that the Securities and Exchange Board of India …
India’s Quant Mutual Fund investors pull out “small” $167 million amid regulatory probe Read More »
NEW DELHI (Reuters) – Indian Oil aims to increase its liquified natural gas portfolio to 20 million tonnes per year (MTPA) by 2030, from 7.8 MTPA currently, Sujoy Choudhury, head of planning and business development at the company, said at an industry event on Thursday. The power sector is expected to be one of the …
Indian Oil to boost LNG portfolio to 20 million tonnes by 2030, exec says Read More »
By Hritam Mukherjee BENGALURU (Reuters) -UltraTech Cement said on Thursday it will buy a 23% stake in rival India Cements for up to 18.85 billion rupees ($226 million), heating up a battle with the Adani group which is challenging its position as India’s top cement maker. Aditya Birla group-owned UltraTech had dominated the cement market …
UltraTech to buy $226 million stake in India Cements as Adani challenge mounts Read More »
NEW DELHI (Reuters) – India’s state-run Bharat Petroleum Corp does not see any major change in its annual crude processing this fiscal year, as it plans to shut a crude unit at its biggest refinery for a month for maintenance, an executive said on Thursday. BPCL, the country’s third-largest oil refiner, plans to shut its …
India’s BPCL sees nearly flat annual crude processing, executive says Read More »
BENGALURU (Reuters) – India’s markets regulator is considering easing certain disclosure norms for listed companies, ranging from related party transactions to large shareholders. The Securities and Exchange Board of India (SEBI) is also evaluating giving listed companies more time to publicly disclose litigations or disputes that they are involved in, it said in a consultation …
Indian markets regulator mulls relaxing some disclosure norms for listed firms Read More »
By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares reversed early losses to hit record highs on Thursday, as UltraTech Cement jumped after announcing a stake purchase in rival India Cements and as index heavyweight Reliance Industries continued its recent rally. The NSE Nifty 50 was up 0.32% to 23,945 points as of 10:25 …
UltraTech Cement, Reliance power Indian shares to record highs Read More »
