BUSINESS
SpiceJet to Temporarily Furlough 150 Cabin Crew Members for Three Months
The budget airline is currently operating with a reduced fleet due to financial difficulties, legal issues, and problems with lessors. The airline now has around 22 aircraft in operation.
Balkrishan Goenka's Family Trust Sells 3.9% Stake in Welspun Living for Rs 781 Crore
The family trust of Goenka, Welspun Group Master Trust sold 3,80,81,706 shares, translating into a 3.92% stake in Welspun Living, according to the block deal data on National Stock Exchange.
Zepto Secures $340 Million in Funding, Achieves $5 Billion Valuation
With this new funding, Zepto’s valuation has surged by nearly 40%, rising to $5 billion from $3.6 billion in June, when it raised $665 million in its Series F round. The firm has raised over $1 billion in 2024, $1.2 billion in the past 12 months, and more than $1.5 billion since its inception.
LIC Delivers Additional Rs 3,662 Crore Dividend to Government
LIC had earlier declared an interim dividend of Rs 2,441.45 crore on March 1, taking the total dividend paid to the government for the fiscal year 2023-24 to Rs 6,103.62 crore. Additional Secretary, Department of Financial Services, M.P. Tangirala and senior officials of LIC were also present at the occasion. Turning 68 years since its incorporation, LIC recorded an asset base of more than Rs 52.85 lakh crore as on March 31, 2024.
Moody’s Raises India's GDP Growth Projection to 7.2% for 2024
The rating agency said household spending would increase as inflation approaches the target of the Reserve Bank of India. Better farming output because of above-average rainfall in the current monsoon season is driving early signs of pick-up in rural demand. "This projection is supported by solid, all-inclusive growth", said Moody's in a statement, adding that further upward revision to their forecast will be done if private consumption grows further.
Reliance to Discuss 1:1 Bonus Share Issuance on September 5
The company, which stands as India's most valuable, previously issued bonus shares in September 2017.
Adani Enterprises to Debut Rs 800 Crore Retail Bond Issue on September 4
The base size issue is Rs 400 crore, with an option to retain oversubscription up to Rs 400 crore (green-shoe option) - aggregating up to Rs 800 crore. The issue opens on September 4 and shall close on September 17, with an option of early closure or extension, said the flagship company of the Adani Group. The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1,000 thereafter. With an effective yield of up to 9.90 per cent per annum, the NCDs are proposed to be listed on BSE Limited and NSE Limited.
India's Billionaire Count Reaches 334 with Gautam Adani and Family Leading: Hurun List Revealed
Ranked at second position is Mukesh Ambani with Rs 10,14,700 crore wealth. He is followed at third position by Shiv Nadar and family, having a net worth of Rs 3,14,000 crore.
NPCI Chief Predicts UPI Transactions Will Reach 100 Billion in the Next Decade
We are looking at 100 billion transactions in the next 10-15 years which is a fairly achievable number. And, credit is going to be the backbone of this growth," Asbe said at the Global Fintech Fest here. He pointed out that credit has already been launched on UPI and the commercials would be released within a couple of weeks.
Paytm Stock Rises 5% Following Government Approval for Investment in Paytm Payments Services
The stock was last trading at Rs 565.05 on the BSE, while on the NSE it surged 4.98% to Rs 564.80 a share.
Don't Miss
Advertisement