Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two…
Image used for representative purposes The Supreme Court on Monday questioned the Centre’s delay in establishing a definitive policy for cryptocurrency regulation, expressing concerns over its economic implications. The bench, comprising Justices Surya Kant and N Kotiswar Singh, drew parallels between Bitcoin transactions and illegal “hawala” operations. Justice Kant observed, “Trading in Bitcoin is an…
The directive specifically addressed spending on cigarettes, alcohol and receptions. (AI image) China has instructed government officials nationwide to reduce unnecessary expenditure on travel, meals and office facilities, signalling President Xi Jinping‘s commitment to fiscal prudence amidst challenging economic conditions affecting government finances.The regulations reinforce Xi’s initiative for officials to reduce expenditure, particularly as declining…
US stock marketstoday: US stock markets opened sharply lower on Monday after Moody’s downgraded the country’s sovereign credit rating, citing concerns over escalating federal debt and long-term fiscal slippage.The downgrade rattled investor confidence, triggering broad-based selling across equities and lifting market volatility.At the opening bell, the Dow Jones Industrial Average dropped 288.77 points or 0.68…
State Bank of India (SBI) reported a record profit of around USD 9.2 billion for the fiscal year ending March 2025, making it only the third Indian company—after Reliance Industries and ONGC—to feature in the Global Top 100 ranked by net profit. Despite this remarkable achievement, much of SBI’s profits are generated by a relatively…
Gold rate today: Gold prices soared by Rs 580 to reach Rs 97,030 per 10 grams in the national capital on Monday, supported by strong cues from international markets, according to the All India Sarafa Association.On Friday, gold of 99.9% purity had closed at Rs 96,450 per 10 grams.Similarly, gold of 99.5% purity rose by…
Pirojsha Godrej (File photo; credit- Godrej website) NEW DELHI: Godrej Properties, one of India’s prominent real estate developers, acquired 14 land parcels across major cities during the 2024–25 fiscal year, with a total development potential of approximately Rs 26,500 crore.These acquisitions span key urban markets, including the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata,…
After a quiet start to 2025, the initial public offering (IPO) market is showing renewed activity, with six main-board companies gearing up to launch their share sales this month to collectively raise more than Rs 11,000 crore, investment banking sources said on Monday.Among the firms preparing to go public is Schloss Bangalore Ltd, owner of…
NEW DELHI: Reliance Power has signed a commercial term sheet with Bhutan’s Green Digital Pvt Ltd for a long-term power purchase agreement, marking a major milestone in cross-border clean energy collaboration. Green Digital is a subsidiary of Druk Holding and Investments Ltd (DHI), the investment arm of the Royal Government of Bhutan.The agreement paves the…
Vodafone had requested relief of approximately Rs 30,000 crore. (AI image) The Supreme Court on Monday rejected appeals from major telecommunications companies Vodafone, Airtel andTata Teleservices regarding their request for adjusted gross revenue (AGR) dues waiver. The bench, consisting of Justices J B Pardiwala and R Mahadevan, deemed these appeals “misconceived”.“We are really shocked by…
