Akasa Air plans IPO in 2-4 years, adds 10 aircraft
Akasa Air CEO Vinay Dube has said the carrier aims to list on stock exchanges within two to four years, as it marked four years of operations. The airline now operates 40…
Business & Economy267- Page
Indian business, markets, economy, and finance news in brief: RBI, SEBI, corporate India, and the numbers that matter.
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Sensex falls 456 points, Nifty closes below 24,600
Indian equities ended lower on Friday, with the Sensex falling 455.59 points, or 0.58%, to 78,499.17. The Nifty 50 declined 65.35 points, or 0.27%, to 24,570.65, according to BusinessLine. LiveMint reported a…
Adani’s $125 Billion Plan Creates Opportunities for Suppliers
Adani Group’s planned $125 billion investment programme is opening business opportunities for companies outside the conglomerate, NDTV Profit reports. The beneficiaries include PSP Projects, Cemindia, Hitachi Energy India, Bharat Heavy Electricals and…
Jefferies removes HDFC Bank, PB Fintech from India portfolio
Jefferies has removed HDFC Bank and PB Fintech from its India long-only portfolio, replacing them with MCX and Lenskart Solutions. Bajaj Finance takes the place of REC, while Eternal's allocation rises by…
How SBI investors can check and claim unclaimed dividends
State Bank of India has asked shareholders to check whether unpaid dividends remain in its records or have been transferred to the Investor Education and Protection Fund. Investors can search SBI’s website…
Fredun Pharmaceuticals rises after Q1 profit nearly doubles
Fredun Pharmaceuticals shares rose more than 3.5% on 7 August, reaching an intraday high of Rs 1,264.95 on the BSE, about Rs 66.7 below their record high. The move followed a strong…
Standard Engineering shares rise 3% after Q1 profit jumps 26%
Standard Engineering shares opened at Rs 288.35 on Friday, up from Rs 274.65, after the company reported April-June results. The stock reached an intraday high of Rs 288.35, close to its lifetime…
Rhetam TMT rises to 52-week high after solar project update
Rhetam TMT shares rose 3% to a 52-week high of Rs 33.81 on the NSE on Friday, after the company said its 1 MW AC captive ground-mounted solar project had completed testing…
Aegeus Technologies IPO allotment due today, GMP at Rs 12
Aegeus Technologies is likely to finalise its IPO allotment on Friday, 7 August, after strong demand across investor categories. The retail portion was subscribed 25.59 times, while qualified institutional buyers and non-institutional…
Professionals turn to cab driving after career setbacks and for new experiences
Two LinkedIn posts reported by Hindustan Times describe people with corporate or entrepreneurial backgrounds driving cabs in Mumbai and Bengaluru. In Mumbai, founder Ashiish Jain met an engineering graduate taking his first…
