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New Delhi, Aug 25 (PTI) Infrastructure EPC company Vikran Engineering on Monday said it has mobilised Rs 231.6 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from various investors, including Bank of India Mutual Fund (MF), ITI MF, Samco MF, SBI General Insurance, IMAP India, Bengal Finance and Investment, VPK Global, and Societe Generale, among others, according to a circular uploaded on the BSE websi ...Read More >
Chennai, Aug 22 (UNI) Suneeta Reddy, representing the promoter group, has sold 1.3 per cent of the stake in the company, said City-based Apollo Hospitals Enterprise Limited today. In a regulatory filing, the company said that Reddy has sold 1,897,239 shares at Rs.7,850 per share, totalling about Rs 1,489 crore. The sale was done through a block deal at a price which is about 1 per cent lower than the closing price of the share (Rs 7,925.10 on BSE) yesterday. The company said, "Post this trans ...Read More >
The Enforcement Directorate conducted searches on Rohtas Projects Ltd. in Uttar Pradesh and Delhi, investigating a money laundering case involving alleged investor fraud of Rs 248 crore. The probe, triggered by multiple FIRs, focuses on recovering assets from the company's promoters, Piyush Rastogi, Paresh Rastogi and Deepak Rastogi, who have reportedly been absconding for four years. The Enforcement Directorate on Wednesday conducted searches against an Uttar Pradesh-based realty group as part ...Read More >
New Delhi: The Supreme Court on Wednesday set aside an order of bail to Olympic medallist and wrestler Sushil Kumar in a 2021 murder case of former junior national wrestling champion Sagar Dhankar at the Chhatrasal Stadium in the national capital. A bench of Justices Sanjay Karol and Prashant Kumar Mishra noted the allegations in the FIR, which said the national capital was made into a "criminal playground" to settle scores with no regard for the law of the land, and directed Kumar to surrender ...Read More >
Lucknow: The Enforcement Directorate (ED) on Wednesday carried out searches at eight premises -- six in Lucknow and two in Delhi -- in connection with the multi-crore Rohtas Projects fraud.The searches continued until the last reports came in. The ED also seized documents and papers, for which a forensic audit will be conducted. The probe stems from an ECIR registered in 2021 based on 48 FIRs filed by home and commercial space buyers, which have since risen to 88. A forensic audit by UP RERA peg ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former chairman Kapil Wadhawan, his brother Dheeraj Wadhawan and four others from accessing the securities market for five years, and imposed a cumulative penalty of ₹120 crore on them for diverting company funds to entities linked to its promoters. The regulator has also prohibited Kapil and Dheeraj Wadhawan from serving as directors or key managerial personnel in any listed comp ...Read More >
New Delhi [India] August 4 (ANI): The shareholding landscape of India Inc. witnessed a significant shift in the June 2025 quarter, with private promoter ownership plunging to an 8-year low while Domestic Institutional Investors (DIIs) surged to an all-time high, according to Primeinfobase, a division of PRIME Database Group. Private promoter holding in NSE-listed companies fell to 40.58 per cent as on June 30, 2025, down from 40.81 per cent in the previous quarter. This marks the lowest level s ...Read More >
New Delhi [India], August 4 (ANI): Around 60 per cent of India's Uber rich wealth is still parked in real estate and gold, according to a report by Bernstein. Uber rich individuals includes Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class. The report stated 'Uber Rich own approx. USD 2.7 Tn in serviceable assets, approx. 60 per cent wealth still parked in real-estate & gold'. As per the report, India's total household assets are valued at USD 19 ...Read More >
Srinagar, Aug 3 (PTI) Jammu and Kashmir Lieutenant Governor Manoj Sinha and Chief Minister Omar Abdullah on Sunday expressed condolences on the untimely demise of daughter of Udhampur SSP Amod Nagpure Ashok. Democratic Progressive Azad Party (DPAP) chief Ghulam Nabi Azad also condoled the death, saying "there can be no greater pain for a parent than losing a child". In a message, LG Sinha said, "Shocked and heartbroken by the tragic news of the passing of the daughter of SSP Udhampur Shri Amod ...Read More >
Bengaluru, Aug 3 (SocialNews.XYZ) The ED seized incriminating documents related to diversion and misappropriation of township project fund during searches at 10 premises in Bangalore and Mumbai linked to Ozone Urbana Infra Developers and its key management personnel, an official said on Sunday. The Enforcement Directorate (ED), Bangalore Zonal Office, conducted the searches on August 1, 2025, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The main promoter of this ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan An ...Read More >
Hyderabad: The Enforcement Directorate has framed charges against Saisree Engineers Pvt. Ltd. (SEPL) and others for defrauding a bank of Rs 7.51 crore. The ED said SEPL engaged in the layering of loan funds through its bank accounts. A part of the loan was siphoned off and withdrawn in cash and used for the personal benefit of SEPL directors. The investigation revealed that SEPL received Rs 13.53 crore from Bharat Coking Coal Ltd., which it deposited in its current account held with Andhra Bank ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I' ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. ED move comes after the agency summoned Anil Ambani for questioning in the case and directed him to ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. Also Read | Anil Ambani in Trouble: ED Issues Look Out Circular Against ADAG Chairman in INR 17,000 ...Read More >
New Delhi: The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said on Friday. "All data room protocols have been finalized for interested bidders," Chawla told reporters, indicating that the divestment process is now ready to move into its final stages. "We hope to invit ...Read More >
Mumbai: The Enforcement Directorate (ED) has issued a Look Out Circular (LoC) against Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), in connection with its ongoing probe into an alleged Rs 17,000-crore bank loan fraud case. The LoC was issued on Friday at the request of the federal financial probe agency to prevent Ambani from leaving the country without prior clearance, senior officials confirmed. Ambani Summoned in ₹17,000 Crore Bank Fraud Investigation The ED has summoned ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of ₹132.90 crore for the first quarter ended June 2025. It had reported a net profit of ₹58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at ₹1,024.74 crore in the June quarter of FY26. This was ₹1,026.76 crore in the corresponding quarter of the last fiscal. The total ex ...Read More >
WeWork India gets the green light from SEBI for its initial public offering. The IPO involves an offer for sale of over 43 million equity shares. Embassy Buildcon LLP and 1 Ariel Way Tenant Limited are the selling shareholders. JM Financial and ICICI Securities are among the book running lead managers. WeWork India Management Limited (WeWork India), one of India's leading flexible workspace operators, has received approval from the Securities and Exchange Board of India (SEBI) for its initial p ...Read More >
New Delhi: Dilip Piramal, Chairman of VIP Industries, said on Monday that his family's younger generation isn't interested in running the business. This came right after the company told stock exchanges that promoter group entities are planning to sell a 32 percent stake to a group of private equity investors and others. "We are a family-owned business, and the next generation is not very keen on running it," Piramal told NDTV Profit. "In all our 53 years of existence, VIP has been the market ...Read More >
Shillong: Residents of over five dozen villages in the northern periphery of Meghalaya's Ri-Bhoi district have launched an urgent appeal to Chief Minister Conrad K Sangma, highlighting severe and persistent issues with Bharti Airtel's mobile network services. The villagers, predominantly poor tribal pre-paid users, describe the situation as a clear case of negligence and exploitation by the telecom giant, which was tasked under the Universal Service Obligation Fund (USOF) to provide connectivit ...Read More >
New Delhi, Jul 15 (PTI) Premium flexible workspace operator WeWork India Management Ltd and helmets manufacturer Studds Accessories have received Sebi's go-ahead to float their Initial Public Offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi between February and March, obtained their observations on July 8, an update with the regulator showed on Tuesday. In Sebi's parlance, receiving observations is equivalent to getting the go-ahead to proceed with a public ...Read More >
New Delhi, Jul 15 (PTI) Premium flexible workspace operator WeWork India Management Ltd and helmets manufacturer Studds Accessories have received Sebi's go-ahead to float their Initial Public Offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi between February and March, obtained their observations on July 8, an update with the regulator showed on Tuesday. In Sebi's parlance, receiving observations is equivalent to getting the go-ahead to proceed with a public ...Read More >
New Delhi, Jul 12 (PTI) Assets worth more than Rs 762 crore of PACL (the Pearls Group) and its promoters have been attached under the anti-money laundering law in a case linked to an alleged Rs 48,000 crore Ponzi scheme, in which numerous investors were duped, the Enforcement Directorate (ED) said on Saturday. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the 68 immovable properties located across Punjab, Haryana, Delhi, Maharashtra, and in Au ...Read More >
New Delhi: Religare Enterprises has announced a ₹1,500-crore fundraise through preferential allotment of warrants to its promoter, the Burman family of Dabur, and a select group of investors including Ashish Kacholia, Hindustan Times group, Ashish Dhawan and JM Financial. The Burman family through various investment vehicles will subscribe to ₹750 crore worth (50%) of warrants, the company said in a stock exchange disclosure. The funds will be used to support business growth across verticals, ...Read More >
New Delhi, Jul 11 (PTI) Shareholders of Zee Entertainment Enterprises Ltd have rejected a proposal to raise Rs 2,237.44 crore from promoter group entities, which would have led to an increase in promoter shareholding to 18.4 per cent, according to a regulatory filing. The special resolution to issue fully convertible warrants to the promoter group on a preferential basis received only 59.514 per cent of the votes in favour, while 40.48 per cent were against the proposal, according to the filing ...Read More >
New Delhi: Shareholders of Zee Entertainment Enterprises Ltd have rejected a proposal to raise Rs 2,237.44 crore from promoter group entities, which would have led to an increase in promoter shareholding to 18.4 per cent, according to a regulatory filing. The special resolution to issue fully convertible warrants to the promoter group on a preferential basis received only 59.514 per cent of the votes in favour, while 40.48 per cent were against the proposal, according to the filing by Zee Enter ...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% thresho ...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 mu ...Read More >
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