New Delhi: Over a dozen firms, including leading private equity firms, are in the fray to acquire a 10-15% stake in Balaji Wafers, where the promoters are diluting their stake, industry sources said.PE firms, including Temasek, which recently acquired a 10% stake in Haldiram, along with TPG, ADIA (Abu Dhabi Investment Authority) and some 10…
JPMorgan Chase & Co will cut the weight of the largest bond issuers in its flagship emerging-market index, diverting investor flows from the likes of China and India toward smaller nations. The Wall Street bank will gradually lower the issuer cap on its GBI-EM Global Diversified index in the first half of 2026, according to…
Mumbai: Stock markets rebounded on Tuesday with the sensex climbing nearly 595 points on renewed optimism over the resumption of the India-US trade talks. The sensex jumped 595 points to settle at 82,381 following buying in auto and IT shares. During the day, it surged 658 points to 82,443. agencies Source link
New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
NEW DELHI: Jindal Steel International, the global steel arm of the Naveen Jindal Group, said on Tuesday that it had made a non-binding offer to acquire the steel assets of Thyssenkrupp Steel Europe (TKSE), Germany’s largest flat steel manufacturer.The company said in a statement that it will enter into discussions with Thyssenkrupp AG to acquire…
After years of scepticism and branding Chinese stock markets as “uninvestable”, foreign investors are once again turning their attention to Chinese equities, betting on the country’s resilience in artificial intelligence, semiconductors and biotech as well as a growing need for diversification beyond US assets.Progress in China’s AI adoption, its push in semiconductors, and breakthroughs in…
Filing an ITR beyond the designated deadline is classified as a belated return, which can be submitted through December 31, 2025. (AI image) ITR filing FY 2024-25 due date: ITR filing FY 2024-25 due date: There is no intimation as of 12:00 AM, September 17, 2025 from the Income Tax Department on extension of ITR…
BENGALURU: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for the 2024-25 financial year. The allegations form part…
Jindal Steel International has made a non-binding offer to acquire Thyssenkrupp’s steel division, the German conglomerate said Tuesday, in a move that could reshape Europe’s traditional steel landscape. The bid, details of which were not disclosed, sent Thyssenkrupp shares soaring nearly 8% in Frankfurt trade, AFP reported.The once-iconic German industrial major has been trying to…
The US Federal Reserve opened a key interest rate meeting on Tuesday, just hours after Donald Trump’s close aide Stephen Miran was sworn in as a governor of the central bank, while another top official, Lisa Cook, is fighting the president’s attempt to oust her.Miran, who has been a senior adviser to Trump, took the…