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Edelweiss Financial Services Ltd on Friday (September 25) announced the completion of Carlyle’s investment of over ₹2,000 crore in Nido Home Finance Ltd, giving the global investment firm’s affiliated funds a strategic majority stake in the housing finance company. The investment funds affiliated with Carlyle Asia Partners (CAP), part of The Carlyle Group, have invested…
R R Kabel Ltd on Friday (September 25) said it has signed an agreement to acquire the business undertaking of U M Cables Ltd (UMCL), a wholly owned subsidiary of Usha Martin Ltd, for ₹77 crore in cash. The acquisition will be undertaken through a slump sale on a going-concern basis. R R Kabel, UMCL…
Real estate firm Sunteck Realty Ltd on Friday (September 25) disclosed that it has received a show-cause notice (SCN) from the Department of Goods and Services Tax for FY23, involving a demand of ₹59.44 crore, including interest and penalty. “Sunteck Realty Limited (“the company”) has received a SCN under section 73 of the GST Act…
Investors can consider trimming exposure to AI-linked stocks after their sharp run-up, even as the longer-term economic impact of artificial intelligence remains positive, according to Mihir Vora of Trust Mutual Fund and Prashant Khemka of WhiteOak Capital Group. Vora, Chief Investment Officer at Trust Mutual Fund, said the fund continues to have significant exposure to…
SEBI should reconsider allowing exchanges to list on their own platforms, NSE Chairman Srinivas Injeti said on Friday, a day after the bourse operator debuted on rival BSE at a valuation of about $47 billion. India’s markets regulator debated allowing self-listing in 2015 but rejected the idea over potential conflicts of interest, requiring their shares…
State-owned Steel Authority of India Ltd (SAIL) and Bharat Coking Coal Ltd (BCCL) on Friday (September 25) signed a Memorandum of Understanding (MoU) for the joint development and operation of two coal blocks in West Bengal. The agreement covers SAIL’s Indikatta Ramnagore Coal Block and BCCL’s East of Damagoria (Kalyaneshwari) Coal Block. The MoU marks…
R Systems International has declared a second interim dividend of ₹8 per equity share for 2026, the company said in an exchange filing on Friday. The dividend, equal to 800% of the share’s ₹1 face value, will be paid on or before October 24, 2026. The record date for determining shareholders eligible to receive the…
State-owned Rashtriya Chemicals and Fertilizers Ltd (RCF) on Friday (September 25) approved the placement of a ₹797 crore purchase order, plus taxes, with Larsen & Toubro Ltd for the revamp of its ammonia plant. The order has been awarded on a lowest tender basis and has a tenure of 36 months. The scope of the…
Adani Power has completed the merger of 10 of its wholly owned subsidiaries with the company, as part of a group restructuring that became effective on September 25, 2026. The merger scheme was approved by the National Company Law Tribunal (NCLT) benches in Ahmedabad and Mumbai, with the Ahmedabad bench issuing its order on August…
