Stay updated with the latest shareholder news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on shareholder topics.
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 >
Mumbai : UGRO Capital Limited ("UGRO" or "the Company"), a DataTech NBFC focused on MSME lending, announced its financial performance for the quarter ended June 30, 2025 (Q1'FY26). The Company sustained healthy year-on-year growth and a stable risk profile, while reinforcing structural growth engines of branch expansion in Emerging Markets, scale in Embedded Finance, and progress on the Profectus Capital acquisition and ongoing equity raise. Continuing its journey toward becoming the largest sma ...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," ...Read More >
New Delhi, Aug 4 (PTI) Paints and coatings maker Akzo Nobel India Ltd on Monday reported a 20.6 per cent decline in consolidated net profit to Rs 91 crore in the June quarter, impacted by lower sales amid tepid consumer demand. It had posted a consolidated net profit of Rs 114.6 crore in the corresponding period last fiscal, Akzo Nobel India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 995.1 crore as compared to Rs 1,036.3 crore in t ...Read More >
India's oldest asset reconstruction company (ARC) wants to go public. Asset Reconstruction Co. (India) Ltd (ARCIL) filed its draft prospectus on 1 August, with four of its shareholders -- Avenue India Resurgence Pte. Ltd, State Bank of India, Lathe Investment Pte Ltd, and The Federal Bank Ltd -- looking to sell up to 105.46 million shares. If approved, it will become India's first listed ARC. Mint takes a look at the draft red herring prospectus (DRHP) to assess the state of India's ARCs -- on ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning ...Read More >
JSW Cement's IPO is set to launch on August 7, aiming to raise Rs 4,000 crore through a fresh issue and offer for sale. Proceeds will fund a new cement unit, repay debt, and support general corporate needs. The company focuses on green cementitious products, poised to benefit from India's growing industrial sector and cement demand. The IPO of JSW Cement is likely to open for subscription on August 7, according to a report from Fortune India. The issue will close on August 11. JSW Cement, part ...Read More >
Chandigarh: Hours after Punjab BJP president Sunil Jakhar on Sunday sought an investigation into "corruption allegations" against him, Punjab industries minister Sanjeev Arora resigned as the managing director of Hampton Sky Realty Ltd and eight other companies of the group. For the resignation, Arora cited his "appointment as a member of the legislative assembly (MLA) followed by his appointment as the minister in the Punjab govt".Addressing a press conference earlier in the day, Jakhar said th ...Read More >
Bhubaneswar: Enforcement Directorate (ED) on Sunday arrested Partha Sarathi Biswal, managing director of a Bhubaneswar-based private company, in connection with an alleged fake bank guarantee case.The ED probe stemmed from a case registered by the economic offences wing of Delhi Police against the company and its directors for allegedly providing a fake bank guarantee submitted to a central PSU."The company fraudulently arranged and submitted fake bank guarantees of Rs 68.2 crore along with forg ...Read More >
New Delhi: The CBI has arrested a customs superintendent posted at Sahar airport in Mumbai, for allegedly taking a Rs 10.20 lakh bribe from an agent, an official said Sunday. The central probe agency booked Krishan Kumar for allegedly demanding a bribe at the rate of Rs 10 per kg for facilitating clearance of imported consignments from a customs house agent, a CBI spokesperson said. It was also alleged that Kumar threatened the agent when he refused to pay the bribe, and deliberately withheld ...Read More >
Bhubaneswar: The Directorate of Enforcement (ED) has arrested Partha Sarathi Biswal, Managing Director of Biswal Tradelink Pvt. Ltd. (BTPL), Bhubaneswar, in connection with a money laundering case involving fake bank guarantees worth Rs 68.2 crore. The arrest was made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. According to an official press release, the ED launched the investigation based on FIR No. 131/2024 registered by the Economic Offences Wing (EOW) of th ...Read More >
Bulandshahr: A court in Bulandshahr delivered its verdict in the Syana violence case that dates back to December 2018. The court convicted all 38 accused individuals, including prominent local activists and community members. Mob Violence Erupted Over Cow Carcass Discovery The violence followed the discovery of cow carcasses near Mahav village, prompting protesters to storm Chingrawathi police outpost. They set vehicles ablaze, leading to escalating chaos. During the riot, Inspector Subodh Kum ...Read More >
Mumbai: Saraswat Co-operative Bank, the largest urban cooperative lender, has received RBI approval to merge New India Co-operative Bank with itself. The merger will take effect from Aug 4, 2025, and all branches of NICB will operate as branches of Saraswat bank from that day.Following the merger, Saraswat Bank will assume all assets and liabilities of New India Bank. "Customers, including depositors of NICBL, will be treated as customers of Saraswat Bank with effect from 4th August, 2025, and t ...Read More >
The chief of India's markets regulator on Friday called for a stronger financial oversight across the country's booming capital markets, urging auditors, directors and governance professionals to act as gatekeepers against potential fraud. "It is your vigilance, your courage to ask difficult questions and your refusal to look away that will ensure our markets continue to command global trust," Securities and Exchange Board of India (Sebi) chairperson Tuhin Kanta Pandey said at an event. The fu ...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 >
New Delhi, Aug 1: The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning on August 5 in a money laundering case linked to an alleged bank loan fraud worth crores of rupees against his group companies, official sources said on Friday. The federal probe agency has also notified a Look Out Circular (LOC) against the 66-year-old businessman to stop him from travelling abroad, the sources said. He has been asked to depose at the ED headquarters in Delhi on Augu ...Read More >
Mumbai, Aug 1 (PTI) The Reserve Bank gave its nod for the merger of the troubled New India Co-operative Bank Ltd (NICBL) with Saraswat Co-operative Bank. Acting on a request from both the lenders, who approached the central bank after clearance from their shareholders, RBI sanctioned the Scheme of Amalgamation in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act 1949, as per an official statement. Saraswat Bank will take ov ...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 >
Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world's leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company's Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation. Electrification is accelerating, even as altern ...Read More >
Mangaluru: MangaloreRefinery and Petrochemicals Ltd (MRPL), the ONGC-owned refining major, posted a consolidated net loss of ₹272 crore in the first quarter of FY26, as softening refining margins and lower revenue from operations weighed on its performance. The company's topline fell sharply to ₹20,988 crore, down nearly 23% from ₹27,289 crore in Q1 FY25. Its Gross Refining Margin (GRM) slipped to US$ 3.88 per barrel, compared to US$ 4.70 per barrel a year ago, amid weaker product cracks and pl ...Read More >
Mumbai: HDFC Bank reported a 12.2% year-on-year rise in standalone net profit to Rs 18,155 crore for the quarter ended June 2025, driven by a sharp increase in other income and lower tax outgo. The profit was up from Rs 16,175 crore in the year-ago quarter, even as provisions surged more than fourfold.The board also approved the issue of bonus shares in the ratio of 1:1, i.e., one bonus share for every share held, subject to shareholder approval. In addition, it declared an interim dividend of R ...Read More >
Mumbai: Bengaluru-based Indiqube Spaces, a managed workplace solutions company, has announced a ₹700 crore initial public offering (IPO), opening on July 23. The company has set a price band of ₹225 to ₹237 per equity share of ₹1 face value. The public issue will close on July 25, 2025. The Indiqube IPO comprises a fresh issue of equity shares aggregating up to ₹650 crore and an offer for sale of equity shares aggregating up to ₹50 crore by the promoter selling shareholders. The company will u ...Read More >
BusinessWire India Singapore, July 19: DBS scored a hat-trick of global wins at the Euromoney Awards for Excellence 2025. This included receiving the "World's Best Bank" accolade, marking the third time that the bank has clinched Euromoney's top accolade since 2019. The recognition is a testament to DBS' solid financial performance, unwavering commitment to customer excellence, relentless focus on innovation and strong sense of purpose. DBS was also named the inaugural winner in the "World's Be ...Read More >
New Delhi, July 18: Sri Lanka Cricket (SLC) is exploring the possibility of hosting India for a white-ball series in early August, taking advantage of a rare opening in both nations' schedules. Final discussions are expected to take place this week on the sidelines of the ICC meetings in Singapore. This follows after the Bangladesh Cricket Board (BCB) and the Board of Control for Cricket in India (BCCI) mutually agreed to defer the white-ball series, three ODIs and three Twenty20 Internationals, ...Read More >
BALASORE: In a heart-wrenching incident, a man was forced to carry his 17-year-old daughter's body on a trolley rickshaw for around 7 km to a community health centre in Balasore's Baliapal for postmortem after reportedly failing to afford an ambulance. Asha Bindhani, a minor girl suffering from mental illness, reportedly died by suicide on Thursday afternoon in Deula village under Baliapal police limits. After spotting her, locals informed her father Madhu Bindhani and the police. Madhu, a dai ...Read More >
New Delhi: India responded on Friday to recent sanctions announced by the European Union, stating that it does not subscribe to any unilateral sanction measures and emphasising the importance of avoiding double standards, especially in the domain of energy trade. The 18th package of sanctions by the 27-nation EU included a set of measures largely aimed at curbing the revenues of Russia's oil and energy sector, such as an import ban on refined petroleum products made from Russian crude oil and c ...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 >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.