Meanwhile, four promoters -- Navin Lodha, Sanjay Lodha, Niraj Lodha and Vivek Lodha -- offloaded the same amount of shares at the same price on the National Stock Exchange (NSE).
Arief Mohammad, VP at Flipkart, who was heading the fashion business, is leaving the company.
Nearly a decade after being deemed "temporarily unfit" for a civil servant position due to obesity, the Supreme Court intervened, ordering the UPSC to conduct a fresh medical examination for Rakshit Shivam Prakash, who ranked 93 in the civil services exam in 2014. The court utilised its powers under Article 142, granting a limited relief by rescheduling Prakash's medical test.
The cabinet approved eight National High-Speed Road Corridor Projects spanning 936 km at a cost of Rs. 50,655 Crore to boost logistics efficiency and connectivity. The projects will create 4.42 crore man days of employment. They include an eight-lane elevated Nashik Phata-Khed Corridor, a six-lane Agra-Gwalior Corridor cutting travel time by 50%, a six-lane Tharad-Ahmedabad Corridor for port connection, among others.
Mizoram's Lalduhoma requested Union Home Minister Amit Shah to start talks with Kuki-Zo leaders in Manipur. He expressed gratitude for Rs 10 crore aid for displaced people and discussed delays in shifting Assam Rifles and assistance for Cyclone Remal. The refugee count in Mizoram has spiked significantly, including Myanmar, Manipur, and Bangladeshi refugees.
The Reserve Bank of India has approved the re-appointment of Inderjit Camotra as managing director and chief executive officer of Unity Small Finance Bank for another two years. Unity Small Finance Bank was promoted by Centrum Financial Services with fintech company Resilient Innovations, which does business as BharatPe, as a joint investor.
Eris acquired Biocon Biologics' domestic branded formulation business for Rs 1,242 crore in Q4FY24 and dermatology and nephrology units in Q3FY24
"We are expecting to cross a loan book of over Rs 75000 crore this fiscal. We had touched almost Rs 60,000 crore last fiscal" said PR Jaishankar, Managing Director, IIFCL at the company’s stakeholders meet in Mumbai on Friday.
The US generating fewer jobs in the previous month has raised concerns over its economy while boosting chances for a Federal Reserve rate cut. Gold futures, which move inversely to the dollar index (DXY), saw a 1.3% jump on Comex and were trading at 2,510.30 per troy ounce.
UltraTech Cement’s open offer for shareholders of India Cements is likely to open on September 19, and close on October 3. The mandatory open offer by UltraTech follows the company acquiring more than 55% stake in the Chennai-based cement-maker in the last two months.
Ankita Bhakat and Dhiraj Bommadevara went down 2-6 to USA in the bronze medal match in archery mixed team event. They were the first Indian team to reach semifinal of the Games. the duo lost 37-38 35-37 38-34 35-37 the American combination of Casey Kaufhold and Brady Ellison.
Creditors of Reliance Capital, represented by Vistra ITCL and IndusInd International Holdings Ltd (IIHL), are at odds over payment issues as the deadline for IIHL to deposit Rs 2750 crore expired. Vistra warned IIHL of legal consequences. IIHL claimed in a press statement that the sum had been deposited and informed the CoC and NCLT. The controversy revolves around adherence to a July 23 NCLT order. Reliance Capital owes creditors Rs 23,666 crore, mostly to bondholders represented by Vistra. IIHL's... Читать дальше...
Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business to bigger rivals amid intense competition in the advertising space.
The boxing scene at the Paris Olympics is in the midst of a massive storm as Imane Khelif, who is participating in the women's boxing event, knocked out her opponent in less than a minute, with claims of her being a male boxer arising right after the match. What's the story?
Eris Lifesciences on Friday said its consolidated profit after tax declined by 4.5 per cent year on year to Rs 89 crore for the quarter ended on June 30, 2024. The drug maker had reported a profit after tax of Rs 94 crore in the April-June quarter of the last fiscal.
"A National Mission Assignment Board has recommended two Gaganyatris as prime and backup Mission Pilot for this mission," Isro said, in a statement on Friday. These are Group Captain Shubhanshu Shukla (Prime) and Group Captain Prasanth Balakrishnan Nair (Backup).
Registrar and transfer agent for mutual funds CAMS on Friday reported 42 per cent jump in profit after tax (PAT) at Rs 108.21 crore for the three months ended June 2024. The company had logged a PAT of Rs 76.34 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement.
The Legal Metrology (Packaged Commodities) Rules, 2011 make it mandatory to declare information like name and address of the manufacturer/ packer/ importer, country of origin, common or generic name of the commodity, net quantity, month and year of manufacture, MRP, Unit Sale Price, best before/use by date and consumer care details on all pre-packaged commodities.
U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job market slowed sharply last month.
Berkshire Hathaway sold $779 million worth of Bank of America shares between July 30 and Aug. 1, marking the 12th consecutive day of selling the stock since July 17. In total, Berkshire has sold 90.4 million Bank of America shares during this period.
Donald Trump's net worth came down after the market value of Trump Media and Technology Group (TMTG), the parent company of his Twitter clone Truth Social came down by 23% from $4bn to about $3.1bn since July 21.
Talent development company NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter. It had reported a net profit of Rs 2.18 crore in the year-ago period.
The funds were raised by startups, largely in the early and late stages, through 72 rounds. Beauty retailer Purplle and ride-hailing platform Rapido were the top fundraisers in the month.
The Supreme Court on Friday declared it cannot mandate a new NEET-UG 24 examination, citing a lack of sufficient evidence pointing to a systemic leak or malpractice affecting the exam's integrity. The court also expanded the scope of the Centre-appointed panel, led by former Indian Space Research Organisation (ISRO) chief K Radhakrishnan. This panel is tasked with reviewing the National Testing Agency (NTA), the body responsible for conducting the National Eligibility-cum-Entrance Test (Undergraduate) (NEET-UG)... Читать дальше...
Intel was set to erase about $35 billion in stock market value on Friday in potentially its worst selloff ever after it suspended dividend and slashed workforce to fund a costly turnaround for its chip-making business.