Government may allow stake dilution by Chinese companies
NEW DELHI: After paving the way for joint ventures, such as, JSW-MG Motor India, govt is willing to give green light to Chinese companies to dilute their stakes in Indian … Read More
Category: Business
Work overnight for FPI tax papers: Sebi tells big four firms
At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory ‘confirmation certificate’ overnight so that offshore funds … Read More
Irdai sets 3-hour limit to settle health claims
MUMBAI: Insurance regulator Irdai has brought in several reforms in health covers aimed at improving service standards for policyholders. The new norms will require insurers to approve cashless claims within … Read More
Group promoters raise stakes in Adani Enterprises, Green Energy
According to NSE data, promoter entities bought 72.70 lakh shares of flagship company Adani Enterprises worth ₹2,162 crore and 1.39 crore shares of Adani Green Energy worth ₹2,507 crore in … Read More
Wipro, IISc partner for AI health tech
New Delhi: IT services major Wipro on Tuesday announced a partnership with the Centre for Brain Research to leverage the power of AI, machine learning, and big data analytics for … Read More
Musk’s xAI raises $6 billion from VC funds
Elon Musk‘s artificial intelligence startup xAI has raised $6 billion to accelerate its challenge to his former allies at OpenAI.The series-B round, announced in a blog post on May 26, … Read More
Accumulate TCS, breakout can give 60% upside: Analysts
“Historically post-breakout, TCS has given at an average 80% upside; however, due to its large market-cap status, we expect an upside of about 60% leading to a target of ₹6,300,” … Read More
Dalal Street braces for volatility as Lok Sabha elections enter last leg
MUMBAI: Dalal Street investors are likely to face volatility this week with the final phase of Lok Sabha elections ending on June 1. Foreign investors may continue selling despite the … Read More
Aurobindo Pharma consolidated Q4 net profit up 79%
HYDERABAD: Pharma major Aurobindo Pharma on Saturday said it has posted a 79% jump in consolidated net profit for the fourth quarter ended March 31, 2024, at Rs 907 crore … Read More