Online stock-broking and investment platform Groww has secured approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) estimated between $800 million and $1 billion, according to reports. The Bengaluru-based company had filed a confidential draft red herring prospectus (DRHP) with…
Bhanu Infrabuild Private Limited, a wholly-owned subsidiary of Omaxe Limited, has successfully raised ₹19 crore through the allotment of Non-Convertible Debentures (NCDs). The issuance was made to OCM India Opportunities XII Alternate Investment Fund – Scheme I, reflecting Omaxe’s strategic approach to strengthening its financial position. Key Details…
Mufin Green Finance Limited announced that its Board of Directors has approved the issuance of listed, secured, non-convertible debentures (NCDs) on a private placement basis, aggregating up to ₹50 crore. The decision was taken at the board meeting held on August 28, 2025. Auditor Appointments Alongside the fundraising…
India is preparing a major global push to safeguard its textile sector after the United States imposed a steep 50% tariff on Indian textile imports, effective August 27. The move, announced by former US President Donald Trump, could impact exports worth over $48 billion. To counter this, the…
Muthoot Finance Limited, the country’s leading gold loan NBFC, announced on Thursday (August 28) that it has infused ₹499.99 crore into its wholly-owned subsidiary, Muthoot Money Limited, through the allotment of 3,25,139 equity shares. The board of Muthoot Money approved and completed the allotment on August 28. Strengthening…
NTPC Limited, India’s largest power utility, has announced major updates to its business strategy, including a substantial cost revision for the Rammam-III Hydroelectric Power Project (HEPP) and the transfer of its coal mining business to a subsidiary. Rammam-III HEPP: Cost Escalation and Timeline Extension The Board of Directors…
Stay updated with the latest corporate developments that could impact the market today. Shukra Pharma Bags ₹24 Crore Order from Afghanistan Shukra Pharma has received a letter of authorisation worth ₹24 crore to supply medicines and diagnostic kits to Afghanistan. NTPC Approves Coal Business Transfer & Cost Revision…
Aditya Birla Capital Limited (ABCL) has announced that its wholly owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL), has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. The approval, dated August 20, 2025 and received on August 26, was…
Whirlpool of India Ltd has fixed August 29, 2025, as the record date for determining shareholder eligibility for its final dividend of ₹5 per share for FY24–25. The dividend was recommended by the company’s Board of Directors at its meeting on May 26, 2025. In its filing to…
Tata Consultancy Services (TCS) has announced the creation of a new Artificial Intelligence (AI) and Services Transformation Unit, underscoring the growing importance of AI in its business strategy. The update was shared with employees via an internal communication, according to news reports. Leadership Appointment The new unit will…