India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
LONDON - On The Beach Group PLC (LSE:OTB) has disclosed transactions by its executives involving the purchase of the company's ordinary shares, according to a statement released on November 26, 2024. The purchases were part of the company's Share Incentive Plan (SIP), a common form of employee share ownership. The transactions, which took place on the London Stock Exchange (LON:LSEG) on November 20, 2024, involved General Counsel and Company Secretary Kirsteen Vickerstaff, Chief Strategy Officer Adam Hansen, and Chief People Officer Jennie Cronin. Vickerstaff acquired 63 shares, Hansen purchased 94 shares, and Cronin bought 37 shares, all at a price of 159.40p per share. Employee share ownership plans like the SIP are designed to align the interests of employees with those of shareholders, potentially enhancing company performance and employee engagement. These plans allow employees to acquire shares, often at a favorable price or with tax advantages, thereby investing in the company they work for. The participation of senior executives in such plans is often viewed positively, as it indicates their confidence in the company and aligns their personal financial interests with the long-term success of the business. However, it is important to note that these transactions do not necessarily predict future performance of the company's shares. The news of these transactions comes from an initial notification, which companies are required to make under the rules of the London Stock Exchange. These rules mandate that the company must publicly disclose the trading activities of its executives to ensure transparency for investors and maintain market integrity. On The Beach Group PLC, which is listed under the LEI code 213800K51Y9BZY7F9R69, is a UK-based travel company known for organizing affordable beach holidays. The company operates in a competitive sector with numerous players, and executive share purchases are a routine part of corporate governance. This report is based on a press release statement and reflects the transactions made by company executives as part of the On The Beach Group's ongoing share incentive plan.
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
Mumbai: Domestic institutions, including mutual funds and Life Insurance Corporation of India (LIC), hold the key to allowing Subhash Chandra-led promoter entities to increase their stake in Zee Entertainment Enterprises Ltd. That's when Norges Bank, the company's largest overseas investor, has given its assent. LIC (4.49%), HDFC Mutual Fund (3.66%) and ICICI Prudential Mutual Fund (3.04%) together own over a tenth of the outstanding shares of Zee as of 31 March, making their decision crucial. HDFC Life Insurance (1.57%) is another significant shareholder. Zee has intensified its outreach to ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
WeWork India IPO: The initial public offering (IPO) of the flexible workspace operator, WeWork India Management, will open for bidding on Friday, October 3, 2025. The public issue worth ₹3,000 crore comprises an offer for sale (OFS) of 46.3 million equity shares and no fresh issue component. The three-day subscription window is scheduled to close on Tuesday, October 7, 2025. The basis of allotment of shares is likely to be finalised on Wednesday, October 8, 2025. The stock will be listed on the National Stock Exchange (NSE) and BSE, tentatively on Friday, October 10, 2025. WeWork India IPO i ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (MMV or the Company), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the Share Exchange Agreement) with the shareholders (the Transferors) of Bowong AI Limited (Bowong Cayman), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. (Bowong Technology). Bowong Technology is a company equipped with cutting-edge tec ...Read More >
LONDON - The Rank Group (LON:RNK) Plc, a British gambling company, announced today the appointment of Mr. Christian Nothhaft as a non-executive director, effective immediately. This change comes as Mr. Chew Seong Aun retires from the board, also effective today. Mr. Nothhaft brings a broad range of experience to the Rank board, including expertise in digital transformation. Alex Thursby, Rank's chairman, expressed confidence in Nothhaft's abilities, stating that his international and strategic experience will be valuable to the company. Nothhaft has a notable background in business managemen ...Read More >
Bengaluru: Sleep and home solutions brand Wakefit Innovations has filed draft papers with market regulator Sebi to raise Rs 468 crore through a public offering. The Bengaluru-based company's initial public offering (IPO) will consist of a fresh issue of shares worth Rs 468 crore and an offer for sale (OFS) of up to 5.8 crore equity shares by existing shareholders, according to its draft red herring prospectus (DRHP) dated June 26.Promoters Ankit Garg and Chaitanya Ramalingegowda will offload a portion of their holdings in the OFS, along with several institutional backers including Peak XV Part ...Read More >
BusinessWire India Indore (Madhya pradesh) [India], August 14: Impetus Technologies, a leading global software products and services company, has been honored as the 'Dream Employer of the Year 2025' at the prestigious Asia's Best Employer Brand Awards, hosted by the World HRD Congress. This marks the ninth consecutive year that Impetus has achieved this milestone, reaffirming its position as one of the most sought-after workplaces in the industry. The award recognizes organizations that have demonstrated exceptional commitment to employee engagement, development, and workplace culture. Imp ...Read More >
Mumbai (Maharashtra) [India], September 16: TAC Infosec Limited (NSE: TAC) ("TAC Security" or the "Company"), a NSE-listed cybersecurity company today announced that the Board of Directors of TAC InfoSec Limited today approved the issue of bonus shares in the ratio of 1:1 i.e. every shareholder holding 1 (one) fully paid-up equity share of Rs. 10/- each as on the record date to be fixed by the Board on a later date, will receive 1 (one) fully paid-up equity share of Rs. 10/- each. The bonus shares are expected to be credited/dispatched on or before Nov 04, 2025. Also Read | Fact Check: Fake A ...Read More >
The company's shares, which were priced at just ₹7.75 apiece three years ago, have skyrocketed by an incredible 25,758%, currently trading at ₹2,004. At the stock's peak price of ₹3,169, achieved in early October, the returns were even more astounding, reaching 40,790%. Eraaya Lifespaces has been making significant strides on Dalal Street, with its shares consistently reaching record highs month after month, delivering substantial returns to its shareholders in a relatively short time. The company's shares, priced at just ₹7.75 apiece three years ago, have skyrocketed by an incredible 25,758 ...Read More >
The shares of Coffee Day Enterprises sharply surged 10 percent to hit the upper circuit on July 15 after data on the latest shareholding pattern showed that veteran investor Dolly Khanna has bought some stake in the firm. Khanna held 32.78 lakh shares, representing 1.55 percent stake in the parent company of popular chain Café Coffee Day, according to BSE data showing the firm's shareholding pattern as at the end of the April-June quarter. Coffee Day Enterprises shares remained locked in the u ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
New Delhi, Jul 1 (PTI) Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Proceeds from fresh issuance to the extent of Rs 216.79 crore for payment of debt, Rs 130 crore for funding incremental working capit ...Read More >
New Delhi, Jul 9 (PTI) Anthem Biosciences on Wednesday fixed a price band of Rs 530 to Rs 570 for its Rs 3,395-crore initial public offering (IPO). At the upper end of the price band, the company's evaluation exceeds Rs 31,800 crore. The initial share-sale will be open for public subscription during July 14-16 and the one-day bidding for anchor investors is scheduled for July 11, the company said. The proposed IPO is entirely an offer-for-sale (OFS) worth Rs 3,395 crore by promoters, investors and other selling shareholders. Since the IPO is entirely an OFS, the company will not receive an ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
Dev Accelerator's IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company's expanded services and long-term potential. Flexible workspace solutions company Dev Accelerator has received a strong response from retail investors with the quota getting subscr ...Read More >
New Delhi, Jun 29 (PTI) Cloud kitchens operator Curefoods India on Sunday filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 800 crore, and an offer-for-sale of 4.85 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, Curefit Healthcare, Iron Pillar PCC, Crimson Winter, Accel India V, Chiratae Ventures India Fund IV, Global eCommerce Consolidation Fund and Alteria Capital Fund ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
Guwahati, August 14: Assam Chief Minister Himanta Biswa Sarma, on Thursday, launched a digital portal enabling indigenous residents of "vulnerable and remote" areas to apply for arms licences. Unveiling the facility at Lok Sewa Bhawan in Guwahati, Sarma said the initiative aims to empower indigenous communities facing genuine threats to their lives by providing "an extra layer of security". "This scheme is about safeguarding our indigenous people in the most vulnerable corners of Assam. With strict checks in place, we aim to provide them with a legitimate means of self-protection," the Chief ...Read More >
New Delhi, Sep 12 (PTI) The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday. The exemptive relief from the US securities' regulator is on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and US laws for tender offer buybacks, Infosys said in the BSE filing. The Board of India's second largest IT services company on Th ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Baramulla, Jul 5: Hundreds of mourners from Delina and its neighbouring villages Saturday participated in the Muharram procession, the 9th day of the month of Muharram-Ul-Haram at Delina area of north Kashmir's Baramulla district. The procession was one of the series of processions being held in the month of Muharram, the first month of Islamic calendar. Dressed in black and carrying flags bearing religious inscriptions, participants from the villages of Hygam, Bulgam, Bohripora, Syedpora, Uri, Boniyar and other villages marched from new Imambargah through the National Highway NH-1 to the ma ...Read More >
New Delhi: HDFC Bank on Wednesday said its board in its meeting on July 19 will decide on issuing bonus shares and special interim dividend. Shares of HDFC Bank gained 1.33 per cent to touch a high of Rs 2,021.90 in the early morning trade after the company's announcement on BSE. Earlier on June 23, the bank had announced that its board will meet on July 19, Saturday, to consider and approve the financial results for the April-June quarter of the current fiscal. In a regulatory filing on Wednesday, HDFC Bank said its board would also consider the proposals of declaration of a special interi ...Read More >
Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise ₹ 49.49Crore. Also Read | Mumbai's Matcha Parties: Dive Into the Micro Events Sparking Excitement!. The issue size is 4,94,89,847 equity shares at a face value of ₹1 each with an Issue Price of ₹ 10 Per Share. Rights Issue details: Also Read | Will Banks Be Cl ...Read More >
Mumbai: Zee Entertainment Enterprises Ltd failed to secure shareholder approval for its proposal to issue fully convertible warrants to promoter group entities on a preferential basis at an extraordinary general meeting (EGM) on Thursday. The rejection of the resolution highlights growing shareholder concerns over corporate governance and promoter influence, market watchers said. While 60% participating shareholders voted in favour of the resolution at the EGM, it fell short of the 75% threshold required for special resolutions under company law. The company had planned to raise ₹2,237.44 c ...Read More >
Mumbai, Aug 6 (PTI) Algoquant Fintech on Wednesday said it has fixed August 18 as the record date for the stock split and bonus issue to enhance shareholder value and market liquidity. According to a public notice, the company has proposed to split each equity share of Rs 2 each will into 2 (two) equity shares of Rs 1 each, fully paid-up. "This step is aimed at increasing the liquidity of the Company's shares in the stock market and making them more affordable for retail and small investors," the company said. The company has also approved the issuance of bonus shares in the ratio of 8:1, i ...Read More >
Fractal Analytics, India's first AI unicorn, has filed for an IPO in Mumbai, potentially valuing the company at over $3.5 billion. The IPO aims to raise approximately $560 million, with existing investors selling a significant portion of their shares. Fractal intends to capitalize on the growing investor interest in AI and India's increasing adoption of consumer technologies. Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in ...Read More >
Indore (Madhya pradesh) [India], August 14: Impetus Technologies, a leading global software products and services company, has been honored as the Dream Employer of the Year 2025 at the prestigious Asia Best Employer Brand Awards, hosted by the World HRD Congress. This marks the ninth consecutive year that Impetus has achieved this milestone, reaffirming its position as one of the most sought-after workplaces in the industry. The award recognizes organizations that have demonstrated exceptional commitment to employee engagement, development, and workplace culture. Impetus has consistently se ...Read More >
Bengaluru : Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of equity shares of up to Rs 160 crore and an offer for sale of over 1.19 crore shares by promoters and investor selling shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, promoters -- Ankita Chugh, Trans Global Hotels LLP and Sanjay Manohar Vazirani -- will be offloading their stakes in the company. Arpit Khandelwal, V ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The government on Tuesday urged parents and guardians to update their children's Aadhaar biometrics who have reached age seven. The Unique Identification Authority of India (UIDAI) reiterated the importance of completing the Mandatory Biometric Update (MBU) for children who have attained the age of seven but have not yet updated their biometrics in Aadhaar. UIDAI said it has started sending SMS messages to the mobile numbers registered in the Aadhaar of such children for completing the MBU exercise. This is an existing requirement under Aadhaar, and paren ...Read More >