Packaged snack maker Prataap Snacks has received an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela to acquire up to 62.98 lakh equity shares which represent 26.01% stake in the company at Rs 865.66 per share. The cash offer comprises a price of Rs 864 per equity share along with an interest … Read more
Shares of the newly-listed International Gemmological Institute soared 10% on Thursday to hit their upper circuit and a new high of Rs 580.45 on the BSE following the 100% acquisition of IGI Netherlands and International Gemmological Institute BV. “With reference to the captioned subject and in accordance with Regulation 30 of the Securities and Exchange … Read more
Andhra Pradesh Health Minister Satya Kumar Yadav. File | Photo Credit: The Hindu Andhra Pradesh Health Minister Satya Kumar Yadav has formally requested Water Resources Minister Nimmala Ramanaidu to expedite the land acquisition process for the Jilledubanda Reservoir (JBR) project located in the Dharmavaram Assembly constituency of Sri Sathya Sai district. In a letter addressed … Read more
Kochi Kerala 06/10/2024. Landowners who ought to surrender land for the 44 km Kundannur-Angamaly NH 544 corridor seek clarity on the compensation norms and the expected time span to complete the land acquisition process | Photo Credit: H. Vibhu Seeking clarity on the land acquisition and allied aspects for the 44 km-long Angamaly-Kundannur NH 544 … Read more
Bengaluru: Samsung Medison has completed the acquisition of Sonio SAS. The closing of the transaction was subject to applicable regulatory approvals, notably the approval of the French Ministry of the Economy and Finance. Following the completion of the transaction, Sonio will remain an independent company headquartered in France and will continue its commercial growth independently. … Read more
UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday. This comes a day after the country’s largest cement producer’s acquisition of additional stake in the Chennai-based company. The Aditya Birla Group company had acquired a near … Read more
Mumbai: Aditya Birla Group‘s UltraTech Cement, Sajjan Jindal-promoted JSW Cement, and Lakshmi Mittal-promoted ArcelorMittal are among a dozen companies vying to acquire Vadraj Cement, formerly owned by ABG Shipyard, having secured creditors’ debt of about ₹8,000 crore, said people with knowledge of the matter. Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital … Read more
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed … Read more
With the official clarification on the Indian government’s stance regarding cryptocurrencies and virtual digital assets (VDAs) in the 2022 Union Budget, it becomes crucial for individuals to comprehend the taxation rules associated with cryptocurrencies. As many of you prepare to file your Income Tax Return (ITR), understanding how cryptocurrencies are taxed in India is of … Read more
Amitabh Chaudhry, MD & CEO, Axis Bank, remains confident about gaining market share and says that Axis, one of the largest private sector banks in the country, is due for a rerating. Chaudhry says the bank is expanding the physical infrastructure and spending a lot of money digitally to ensure that “we can reach out … Read more