Real estate developer Arkade Developers Ltd on Tuesday said it has fixed a price band of Rs 121 to Rs 128 per share for its Rs 410-crore initial public offering. The initial share sale will open for public subscription on September 16 and conclude on September 19 and the bidding for anchor investors will open … Read more
Motorcycle maker Royal Enfield on Tuesday said it has reported a 5 per cent decline in total sales at 73,141 units in June as against 77,109 units sold in the same month a year ago. Dometic sales were at 66,117 units last month as against 67,495 units in the year-ago period, down 2 per cent, … Read more
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in local unit, has raised concerns about the “frequent changes” in government policy, stating that such moves can impact both investment flows into India and the speed of technological advancements. Having invested nearly Rs 30,000 crore … Read more
Markets regulator Sebi on Wednesday relaxed timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs). The regulator categorised material changes notified by FPIs into two groups. Type I group includes changes that require FPIs to seek fresh registration, or which affect any privileges or exemptions available to such foreign investors and Type II … Read more
Delhi recorded an all-time high temperature of 52.9 degrees Celsius (127.22 Fahrenheit) on Wednesday as extreme heat conditions gripped the north and western parts of India, causing students to faint in schools and drinking water taps to dry up. A heat wave alert has been in place for large parts of India since last week but on Wednesday the temperature in … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
French automaker Citroen on Friday said it has roped in former India cricket captain Mahendra Singh Dhoni as its brand ambassador in India. Dhoni will mark his debut innings with Citroen in a campaign that will soon go live, the company said in a statement. “We believe that our association with one of India’s finest … Read more
New Delhi: US and Australia alleged India of giving subsidies to sugarcane farmers far exceeding limits set in global trade norms.The two countries told the WTO that they estimated that over the period 2018-19 to 2021-22, New Delhi provided sugarcane subsidy between 91-100%, which was “vastly in excess of the limits set out” at 10% … Read more
Luxury trains in India date back to its colonial era, when opulent carriages transported dignitaries, officials and royalty. More trains were built in the 19th century for the country’s maharajas and other ruling elites and their families. Following India’s independence in 1947, privy purses — or governmental payments to these rulers — ended. Without the … Read more
New Delhi, Auto components maker Uno Minda on Wednesday said it has commenced construction work on a passenger vehicle alloy-wheel plant in Haryana, entailing an investment of Rs 542 crore. The facility is located at IMT Kharkhoda in Haryana, and it will have a production capacity of 1.2 lakh wheels per month. The plant, with … Read more
