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Mumbai: LG Electronics India Ltd, the wholly owned subsidiary of LG Electronics Inc., is preparing to tap the public markets even as it sharpens its focus on meeting domestic demand, building India as a global export hub, and expanding its portfolio of premium products. LG Electronics Inc. will raise ₹11,607 crore by selling 101.8 million shares through an offer for sale (OFS). The initial public offering (IPO), scheduled for 7-9 October, will see the South Korean parent firm sell about 15% of ...Read More >
New Delhi [India], October 1 (ANI): Reacting to the Monetary Policy Committee (MPC) decisions, financial sector experts noted that the overall tone of the policy appears to be growth-centric, with a slight tilt towards concerns over economic momentum, while expressing significant comfort on the inflation front."The overall tone appears to be growth-centric with a marginal tilt towards concern on growth, coupled with significant comfort on the inflation trajectory. The greater clarity on growth i ...Read More >
New Delhi, Oct 1 (PTI) Adani Green Energy Ltd (AGEL) on Wednesday said it has operationalised 112.5 MW of power projects at Khavda in Gujarat, taking its total generation capacity to 16,598.6 MW. The company has operationalised a solar project of 87.5 MW through its stepdown subsidiary Adani Renewable Energy Fifty Six Limited. Through Adani Green Energy Twenty Five B Limited, a hybrid project of 25 MW has been operationalised at the same location. Based on the relevant clearances, it was deci ...Read More >
New Delhi, Oct 1 (PTI) Six companies, including Vedanta Group firm Sterlite Electric, Rays Power Infra and Augmont Enterprises, have filed preliminary papers with markets regulator Sebi to raise funds through initial public offerings (IPOs). Rotomag Enertec, Oswal Cables and Pride Hotels have also approached Sebi with their respective draft papers. All six proposed issues will be a mix of fresh issues of equity shares and an offer for sale (OFS), according to their draft red herring prospectus ...Read More >
NEW DELHI: Homegrown telecom company Tata Communications on Wednesday said it has deployed its solutions for state-controlled Bharat Sanchar Nigam Limited's (BSNL) eSIM services nationwide. Specifically, Tata Communications, through its wholly-owned subsidiary Tata Communications Collaboration Services Private Ltd. (TCCSPL), has supplied its GSMA-accredited eSIM subscription management platform - Tata Communications MOVE. The Mumbai-based company said that the platform will enable BSNL to faci ...Read More >
New Delhi, Oct 1 (PTI) Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate p ...Read More >
Mumbai: The Enforcement Directorate (ED) on Tuesday conducted searches at six premises of the Anil Ambani-linked Reliance Infrastructure Ltd (RInfra) in Indore (Madhya Pradesh) and Mumbai (Maharashtra) as part of its probe into alleged illegal remittances abroad, violating the Foreign Exchange Management Act (FEMA), official sources said. ED Probing Transactions With Yes Bank According to the sources, the current FEMA-related searches are linked to the Jaipur-Ringus Toll Road, operated by JR T ...Read More >
New Delhi, Sep 30 (PTI) Ola Electric Mobility on Tuesday said its unit has received approval from the board as well as shareholders to raise Rs 878 crore by issuing preference shares. Ola Electric Technologies Pvt Ltd obtained approval from its Board and shareholders to raise funds by way of issuance of up to 87,76,40,000 non-cumulative and non-participating 0.001 per cent Series A Optionally Convertible Redeemable Preference Shares of face value Rs 10 each, at a consideration of Rs 877.64 cror ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) LG Electronics India is set to hit the primary market as its initial public offering (IPO) will open for subscription on October 7. The anchor book will open for a day on October 6, followed by the public subscription window between October 7 and 9. The South Korea-based promoter, LG Electronics Inc., will divest up to 10.18 crore equity shares through an offer-for-sale (OFS) route. The IPO will not include any fresh issue of shares. Since the issue is entir ...Read More >
New Delhi, Sep 30: LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. Second South Korean firm to list after Hyundai Motors India This will be the second South Korean company to tap the Indian stoc ...Read More >
New Delhi, Sep 30 (PTI) Shares of Solarworld Energy Solutions Ltd on Tuesday ended nearly 8 per cent lower over the issue price of Rs 351, giving up all early gains. At the BSE, the stock listed at Rs 389, a jump of 10.82 per cent from the issue price. However, later the stock lost momentum and ended at Rs 323.20, down 7.92 per cent. The stock made its market debut at Rs 388.50, up 10.68 per cent on the NSE. But, it failed to carry forward the momentum and ended at Rs 323.50, a discount of 7.8 ...Read More >
New Delhi, Sep 30 (PTI) LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India L ...Read More >
New Delhi - Carlsberg India, the wholly owned subsidiary of the globally renowned Carlsberg Group, announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, at World Food India 2025. The agreement reaffirms Carlsberg's long-term commitment to India through proposed investments of ₹1,250 crore across key states. The investments will significantly strengthen Carlsberg India's brewing and packaging footprint with inve ...Read More >
PNNKolkata (West Bengal) [India], September 30: For the people of Bengal, Durga Puja is more than a festival. It's an emotion filled with togetherness, culture, colours, and new beginnings. And what better time than now to upgrade your lifestyle with a stylish new smartwatch? Whether you're pandal hopping, managing hectic festive schedules, or keeping track of your health during the celebrations, a smartwatch can be your perfect companion. This year, Bajaj Finserv brings you unbeatable Durga Puj ...Read More >
Chennai: Mahindra and Mahindra (M&M) has entered into a share purchase agreement (SPA) with Turkish company Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA). As part of the SPA, M&M has agreed to sell its entire stake in its wholly-owned Finnish subsidiary Sampo Rosenlew Oy to TERA for around Rs 52 crore or euro 5 million. "Consequent to completion of the aforesaid transaction, Sampo would cease to be a wholly owned subsidiary of the company," said M&M in an official statement. "This divesti ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
MUMBAI (Reuters) -A wholly-owned subsidiary of Vedanta Resources plans to raise funds through sale of seven-year U.S. dollar-denominated bonds, two merchant bankers said on Monday. Vedanta Resources Finance II could look to raise around $750 million through these bonds over the next few days, which will have a call option at end of two years, the added. The proceeds will be used to repay a private credit facility, and any additional proceeds will be used to repay other debts and for general co ...Read More >
New Delhi, Sep 29 (PTI) Oyster Green Hybrid Three, a subsidiary of Oyster Renewable Energy, has received a loan worth Rs 1,844 crore for its 342 MW hybrid power project in Madhya Pradesh. The company has achieved the financial closure for the solar-wind hybrid power project from Union Bank of India with a tenure of around 20 years, marking one of the largest debt financings for a hybrid renewable project in the state, Oyster Renewable Energy said in a statement on Monday. The co-located solar- ...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, ...Read More >
New Delhi, Sep 29 (PTI) California-based technology firm UST on Monday announced a joint venture with Indian semiconductor manufacturer Kaynes Semicon to set up a Rs 3,330 crore OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat. The investment paves the way for deeper collaboration between UST and Kaynes Semicon in driving innovation across electronics, electric vehicles, renewables, and consumer technology, while supporting India's push to become a global semiconduc ...Read More >
New Delhi, Sep 29 (PTI) Drug maker Lupin on Monday said its subsidiary has inked a pact to fully acquire Amsterdam-headquartered VISUfarma BV at an enterprise value of 190 million euros. The company's wholly-owned subsidiary, Nanomi BV has signed a definitive agreement for the acquisition of VISUfarma BV, a portfolio company of global healthcare specialist investor GHO Capital Partners LLP, the Mumbai-based drug maker said in a statement. The acquisition of VISUfarma, with its broad portfolio ...Read More >
PG Electroplast (PGEL) shares price will remain in focus on September 29 after its subsidiary PG Technoplast acquired a 50-acre land parcel in Sri City, Andhra Pradesh. PGEL plans to invest around Rs 1,000 crore in developing state-of-the-art integrated manufacturing campus over the next 5 years. The first phase will focus on a refrigerator plant with an annual capacity of 1.2 million units, with commercial production expected by December 2026, company said. The site is also being designed to ...Read More >
New Delhi : Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today announced the launch of the V-STROM SX in a refreshed avatar, now available in four new colour options with updated graphics. The adventure tourer retains its proven design and performance, while offering a more vibrant and dynamic look for riders seeking both style and reliability. The new colour options include Pearl Fresh Blue + Glass Sparkle Black, Champion Yellow No. ...Read More >
Gurugram - VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Central Bank of India (CBI), one of the nation's largest banks, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions. Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, zero processing charges, exclusive off ...Read More >
Reliance Consumer Products Limited has signed a significant agreement. The agreement is worth Rs 40,000 crore with the Food Processing Industries Ministry. The aim is to establish integrated food manufacturing facilities across India. RCPL will invest over Rs 1,500 crore in Maharashtra and Andhra Pradesh. The company aims to become India's largest FMCG company. Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to es ...Read More >
NEW DELHI: Sep 25, 2025, NTPC Green Energy Limited (NGEL), the renewable energy branch of NTPC, announced on Thursday that a new 25 MW solar project in Bhuj, Gujarat, is now operational. This boost significantly adds to the company's green energy efforts. The new capacity became operational on September 27, 2025. This addition is part of a larger 37.5 MW solar project under Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd. Ayana is fully owned by the jo ...Read More >
New Delhi, Sep 26 (PTI) Infrastructure consultancy firm Aarvee Engineering Consultants Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO) comprising fresh issuance of shares worth Rs 202.5 crore. Apart from the issue, there will be an offer for sale (OFS) component of 67.5 lakh shares by a promoter, according to the draft red herring prospectus (DRHP) filed on Thursday. The Hyderabad-headquartered company, may consider a pre-IPO ...Read More >
New Delhi, Sep 26 (PTI) Shares of solar panel maker Saatvik Green Energy Ltd on Friday made a muted market debut, listing 1 per cent lower from the issue price of Rs 465. The stock listed at Rs 460, a discount of 1.07 per cent from the issue price of Rs 465 on the BSE. Later, it fell by 3.93 per cent to Rs 446.70. At the NSE, the stock listed at par with the issue price of Rs 465. Later, shares of the firm further lost 3.87 per cent to Rs 447. The company's market valuation stood at Rs 5,776. ...Read More >
New Delhi [India], September 26: Durga Puja is more than just a festival, it is an emotion and a celebration of homecoming, togetherness, and new beginnings. As families prepare for Pujo 2025 with pandal hopping, festive feasts, and traditional rituals, it is also the perfect time to upgrade your home. Be it hosting loved ones or managing the festive hustle, having a new washing machine by your side can truly lighten the load and make life easier. This Durga Puja, Bajaj Finserv brings you the b ...Read More >
Bengaluru (Karnataka) [India], September 26: TVS Motor Company, a leading global manufacturer of two - and three-wheelers, today announced the establishment of its Global Centre of Excellence (CoE) for Design and Engineering in Bologna, Italy, reinforcing its long-term vision to deliver premium, future-ready mobility solutions across international markets. As part of this initiative, TVS Motor has agreed to acquire 100 ownership of Engines Engineering S.p.A., an Italian automotive design and en ...Read More >
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