Samco Asset Management eyes Rs 500 crore from special opportunities fund
Samco Asset Management expects to mop up Rs 500 crore from its new fund offer that tracks long-term capital growth through undervalued or overlooked opportunities, a top company official said on Thursday. The new fund offering (NFO) would open on May 17 and conclude on May 31. In an interaction with PTI,...
-
Odisha FPOs tap global markets with first export of mangoes, vegetables
17 May 2024 | PTI -
Rupee settles 4 paise lower at 83.50 against US dollar
17 May 2024 | PTI -
Air passenger traffic in India to touch 407-418 million this fiscal, says Icra
17 May 2024 | PTI -
Oberoi Realty shares hit 52 weeks high; rally nearly nine per cent
17 May 2024 | PTI -
India PC market grew 2.6 per cent in January, March to 3.07 million units
17 May 2024 | PTI -
Silver surges `1,800 to hit all time high; gold jumps `650
17 May 2024 | PTI -
Sensex jumps 676 points, Nifty closes above 22,400 on global stocks rally
17 May 2024 | PTI
Adani Energy completes acquisition of Essar's Mahan-Sipat transmission assets for Rs 1,900 cr
Adani Energy Solutions on Thursday said it has completed the acquisition of Essar's Mahan-Sipat Transmission assets for an enterprise value of Rs 1,900 crore. The share acquisition is pursuant to definitive agreements signed in June 2022, a company statement said. According to the statement, Adani Energy Solutions Ltd (AESL), has acquired a...
Markets rebound in early trade on firm global trends
Equity benchmark indices rallied in early trade on Thursday amid firm global market trends and buying in Reliance Industries and Tata Consultancy Services. The 30-share BSE Sensex rallied 409.72 points to 73,396.75 in early trade. The NSE Nifty went up 129.45 points to 22,330. Among the Sensex components, Bharti Airtel, Infosys, Tech...
LG looks to enhance leadership in TV segment with products tailored for India
Korean consumer electronics major LG will continue to introduce products in the home entertainment segment tailored for India to maintain its leadership position, according to senior company officials. LG Electronics India, which on Wednesday launched 55 AI-enabled television models, expects to grow 25-30 per cent this year in its home entertainment...
Business brief
Baweja is new director (finance), REC Limited Gurugram: Harsh Baweja has taken charge as Director (Finance) at REC Limited after the approval from the Appointments Committee of the Cabinet (ACC) on May 10. Baweja’s appointment follows the recommendation by PESB, which identified him as the ideal candidate for the role after...
Aadhar Housing Finance shares make flat market debut
Shares of Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, made a flat market debut on Wednesday against the issue price of Rs 315. The stock listed at par with the issue price at Rs 315 on the NSE. It later hit a high of Rs...
IIFCL profit rises 44 per cent in FY24
India Infrastructure Finance Company Ltd (IIFCL) on Wednesday reported a 44 per cent jump in standalone net profit to Rs 1,552 crore for the fiscal ended March 2024 aided by an increase in lending and moderation in bad loans. The state-owned infrastructure finance company had earned a net profit of Rs...
Government aims to boost use of artificial intelligence in food processing
India plans to accelerate the use of artificial intelligence (AI) in the food processing sector to improve efficiency, enhance farmers’ incomes and reduce the environmental impact, officials said on Wednesday. At a conference organised by NIFTEM (National Institute of Food Technology Entrepreneurship and Management) on using frontier technologies in the sector,...
