The equity benchmark indices ended in the red on Tuesday (September 29), but recovered sharply from the day’s lows, with the Sensex falling 243 points to 72,529 and the Nifty declining 64 points to 22,716. The Nifty held above the 22,700 mark, even as the index remained on course for its worst September series in…
EverBrands India, the master franchisee of Subway in India, Sri Lanka and Bangladesh, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a fresh issue of shares worth up to ₹600 crore. The company plans to use ₹326.85 crore of the IPO proceeds to set up new company-owned, company-operated (COCO) Subway stores. Another…
Gurugram-based STL Networks has emerged as the lowest bidder for a ₹249.8 crore contract floated by RailTel Corporation of India for the deployment of cloud infrastructure at its data centre and disaster recovery site, according to a regulatory filing on Tuesday (September 29). The contract, which includes taxes, covers the design, supply, installation, testing, commissioning,…
Gujarat-based renewable power generating company KPI Green Energy Ltd on Tuesday (September 29) said it has received a work order worth approximately ₹2,025 crore, including taxes and GST, from NACOF Oorja Private Ltd (NOPL) for the turnkey Engineering, Procurement and Construction (EPC) of a 500 MW / 550 MWp solar photovoltaic (PV) power project in…
Vadodara-based chemical manufacturing company Deepak Nitrite Ltdsaid on Tuesday (September 29) that its material wholly owned subsidiary Deepak Chem Tech Ltd, has commissioned manufacturing operations at its chlorination and specialty chemicals plant in Dahej, Bharuch, Gujarat. The company said the plant, along with its utilities and infrastructure, commenced manufacturing operations on September 29, 2026. The…
Automotive component manufacturer Endurance Technologies will acquire the remaining 32% stake in Germany-based Stöferle Automotive GmbH and Stöferle GmbH for €18 million, taking its ownership of both companies to 100%. The acquisition will be carried out through Endurance Overseas SpA (EOSpA), Endurance Technologies’ wholly owned subsidiary in Italy. EOSpA signed an amendment to the share…
Airtel Money is set to go public in London in the coming weeks, Barclays Group CEO C.S. Venkatakrishnan said, highlighting the growing flow of Indian companies and capital into the UK. “We’re seeing an increased amount of exports in both directions. You’re seeing Indian companies continuing to look to expand in the UK,” Venkatakrishnan told…
India’s Inox Clean Energy filed for an initial public offering worth up to 100 billion rupees ($1.04 billion), draft papers showed on Tuesday. The energy renewable producer plans to issue about ₹80 billion worth of new shares and a ₹20-billion offer for sale by existing shareholders. Inox Clean Energy had filed IPO draft papers with…
Foreign investment into India could return as global capital rotates back towards markets outside the US, but India should not rely on overseas flows to support its equity market, Barclays Global CEO C.S. Venkatakrishnan told CNBC-TV18. “Domestic investment is the most important thing,” Venkatakrishnan said, arguing that India should be able to withstand short- and…
Yields on the US Treasury’s longest-dated bond rose for a sixth straight day, crossing another key threshold amid a deepening sell-off across global debt markets. The 30-year rate surpassed 5.61% on Tuesday to touch a level last seen in 2002, moving deeper into territory that had long been the norm before the low-rate era spanning…
