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New Delhi: The Competition Commission of India (CCI) on Tuesday approved Advent International's proposal to pick up a 14.3% stake in Aditya Birla Housing Finance. In February, the boards of Aditya Birla Capital and its subsidiary Aditya Birla Housing Finance (ABHFL) had cleared a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL from Indriya, an Advent International entity. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a priv ...Read More >
Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to p ...Read More >
Visakhapatnam: The Visakhapatnam Port Authority has achieved a historic milestone by recording its highest-ever cargo throughput of 91.17 million metric tonnes in the financial year 2025-26. This represents a growth of over 10 per cent compared to the previous year. The achievement not only surpasses the prior record of 82.62mmt but also reinforces the port's position among India's leading ports, marking another significant milestone in its 92-year history, according to VPA chairperson, M Anga ...Read More >
Mumbai: The Reserve Bank of India (RBI) has clarified that loans to individuals for purchase of shares and other eligible securities will be capped at ₹1 crore per borrower across the entire banking system, while borrowing for subscribing to shares through initial public offerings, follow-on offers or employee stock option plans will be limited to ₹25 lakh per individual. RBI had earlier announced the limits would be raised to ₹1 crore from ₹20 lakh. Loans against shares, IPO funding and ESOP ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The Reserve Bank of India (RBI) has deferred the implementation of its revised capital market exposure framework by three months, changing the effective date to July 1, 2026, from the earlier April 1 deadline. The decision comes after feedback from banks, capital market intermediaries (CMIs), and industry bodies, which highlighted operational and interpretational challenges in implementing the new norms. The central bank had initially issued the amendment d ...Read More >
Mumbai, Mar 30 (PTI) The Reserve Bank of India on Monday deferred the implementation of acquisition finance guidelines by another three months to July 1 this year, following stakeholder feedback. The central bank stated that it has also revised the "Amendment Directions on Capital Market Exposures" framework, first announced on February 13. The RBI had come out with the guidelines after a consultative process, allowing domestic lenders to fund acquisitions. "On a review, based on further disc ...Read More >
Mumbai (Maharashtra) [India], September 29: Bodhi Tree Multimedia Ltd (NSE: BTML | BSE: 543767 | INE0EEJ01023), one of India leading content production houses, announced signing of a Memorandum of Understanding (MoU) with Amit Khan Content Hub (AKCH), the creative venture founded by celebrated novelist Amit Khan. The partnership will jointly develop and produce premium content across television and OTT platforms. A Synergy of Strengths This collaboration brings together BTML proven capabilitie ...Read More >
The government has garnered Rs 1,42,758 crore through asset monetisation up to FY25, with a projected Rs 30,000 crore for the current fiscal year, utilising methods like ToT, InvIT, and securitization. Additionally, the Cashless Treatment of Road Accident Victims Scheme, initiated in March 2024, has treated 4,971 victims and is now implemented nationwide, offering coverage up to Rs 1.5 lakh. The government has raised Rs 1,42,758 crore through different modes of asset monetisation up to FY25, Pa ...Read More >
New Delhi, Jul 15 (PTI) Property Share Investment Trust is set to mobilise Rs 473 crore through the initial public offering (IPO) of PropShare Titania, its second Small and Medium Real Estate Investment Trust (SM REIT) scheme, with the issue opening on July 21. The public issue will conclude on July 25. The price band has been set at Rs 10 lakh-10.6 lakh per unit, Property Share Investment Trust said in a statement. The IPO comprises a fresh issue of Titania units with no Offer For Sale (OFS) ...Read More >
New Delhi: Former Indian captain Anil Kumble said the team management should motivate Jasprit Bumrah to play in the last two Test matches. India suffered a 22-run loss in the Lord's Test, where the team was all-out for 170 chasing a target of 193 runs. With this defeat, England took a 2-1 lead in the five-match series. The BCCI had earlier announced that Bumrah would only play three Tests on the England tour to manage his workload. However, head coach Gautam Gambhir rested him in the second Tes ...Read More >
New Delhi, Jul 15 (PTI) Property Share Investment Trust is set to mobilise Rs 473 crore through the initial public offering (IPO) of PropShare Titania, its second Small and Medium Real Estate Investment Trust (SM REIT) scheme, with the issue opening on July 21. The public issue will conclude on July 25. The price band has been set at Rs 10 lakh-10.6 lakh per unit, Property Share Investment Trust said in a statement. Also Read | Aadhaar Free Update: Government Requests Parents to Update Childre ...Read More >
New Delhi [India], July 10 (ANI): Assets under management (AUM) of private asset reconstruction companies (ARCs), as measured by security receipts (SRs) outstanding, is expected to decline 4-6 per cent to Rs 1.05 lakh crore this fiscal after sliding 15 per cent last fiscal, according to a latest report by Crisil Ratings. The rating agency said that the acquisition of stressed assets will continue to trend lower even as redemptions, which have improved in recent years, are likely to remain healt ...Read More >
New Delhi [India], July 10 (ANI): Assets under management (AUM) of private asset reconstruction companies (ARCs), as measured by security receipts (SRs) outstanding, is expected to decline 4-6 per cent to Rs 1.05 lakh crore this fiscal after sliding 15 per cent last fiscal, according to a latest report by Crisil Ratings. The rating agency said that the acquisition of stressed assets will continue to trend lower even as redemptions, which have improved in recent years, are likely to remain healt ...Read More >
New Delhi: The Enforcement Directorate (ED) on Tuesday told a Delhi court that the Gandhi family's claim of having no control over Associated Journals Limited (AJL), the publisher of National Herald, is false. During the hearing at the Rouse Avenue Court, the agency accused senior Congress leader Sonia Gandhi and Leader of Opposition in Lok Sabha Rahul Gandhi of fraudulently acquiring property worth Rs 2000 crore belonging to Associated Journals Limited (AJL), the original publisher of the Nati ...Read More >
Noida: Noida Authority has proposed three names for its fleet of 500 e-buses that are to be rolled out across Noida, Greater Noida and Yamuna Expressway region this year.Officials said the three shortlisted names -- NGY Urban Mobility Service, GBN Easy Ride Service and GBN Green Transport -- have been submitted to the UP govt for vetting, but the branding would reflect a larger vision to reshape urban mobility in the region.The electric bus project gained momentum last month after two private op ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Showcasing resilient economy amid robust policies, the collective brand value of the top 100 Indian companies reached $236.5 billion in 2025 to date, according to a new report. The 'Brand Finance India 100 2025' ranking results remain stable, reflecting a year of steady gains for major Indian brands across sectors. Tata Group has once again secured its position as India's most valuable brand ranked by becoming the first Indian brand to cross the $30 billion ...Read More >
Mumbai: On Sunday afternoon, Mumbai Congress organised a protest in Kurla against the state's recent decision to formally approve transfer of 21.25 acres of Kurla dairy land to the Dharavi redevelopment project. Navbharat Mega Developers Pvt Ltd (NMDPL), a special purpose vehicle (SPV) set up by the state govt in a joint venture with the developer, Adani Realty, will implement the redevelopment project.The protest was led by Congress MP Varsha Gaikwad, her sister and Dharavi MLA Jyoti Gaikwad, w ...Read More >
New Delhi, Jun 6 (PTI) India's biggest gas utility GAIL has started operating its 5 million tonnes a year liquefied natural gas (LNG) import terminal at Dabhol in Maharashtra at full capacity as it received its first ever cargo at the facility during monsoon. The company had to shut the Ratnagiri terminal, popularly known as the Dabhol LNG plant, for four months from May 25 each year to avoid high swell in the sea damaging ships or the jetty while berthing. The firm has now completed building a ...Read More >
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