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…
Protean eServices participated in the competitive bidding process to become a Managed Service Provider (MSP) for the PAN 2.0 Project. (AI image) Protean share price crash: Protean eGov Technologies‘ stock plummeted 20% to reach its lower circuit of Rs 1,143 on NSE following the Income Tax Department‘s decision not to select the company for its…
Asian stock markets slid on Monday and the US dollar weakened after Moody’s downgraded the United States’ last remaining triple-A sovereign credit rating, triggering renewed investor concerns about Washington’s rising debt burden. Moody’s cut the rating from Aaa to Aa1, citing “the increase over more than a decade in government debt and interest payment ratios…
Indian equity markets showed strong performance last week, with analysts anticipating continued positive momentum. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was near 25,000, BSE Sensex was above 82,200. At 9:16 AM, Nifty50 was trading at 25,000.45, down 19 points or 0.077%….
The Cellular Operators Association of India (COAI) has launched a sharp attack on Mumbai Metro, accusing the public transport body of creating a “monopolistic and extortionate” environment for mobile network access within metro premises. The COAI alleges that instead of allowing telecom operators to install In-Building Solutions (IBS) directly, at their own cost, the Metro…
Mohini Mohan Dutta and Ratan Tata MUMBAI: Mohini Mohan Dutta, a confidant of Ratan Tata and an erstwhile director at the Taj hotels group, has consented to the terms of the late industrialist’s will, which left him one-third of Tata’s residual estate valued at around Rs 588 crore.His consent expedites the process for the will’s…
CHENNAI: Despite reduction of unsold stock inventory and signs of recovery in the affordable housing segment, it has not enthused developers. Poor conversion rates, spiralling construction costs and unsustainable margins are posing a grave challenge to the affordable housing market.This has resulted in several developers keeping away from launching new projects in the segment. Their…
Byju Raveendran (File photo) BENGALURU: Byju’s founder, Byju Raveendran, outlined plans for what he described as a major reboot of the embattled edtech company, centred around AI-powered personalised learning and a renewed focus on mission-driven education. In a wide-ranging interview on ANI’s podcast with Smita Prakash, Raveendran addressed controversies around his leadership and financial mismanagement…
BENGALURU: India is experiencing an uptick in mid-market global capability centres (GCCs). The country witnessed over 140 greenfield GCCs come up during the past 30 months, according to data from HR consultancy firm Xpheno’s research. These GCCs initially planned for 70,000 positions, with individual centres targeting between 50 to 3,000 roles.A recent Nasscom-Zinnov report showed…
