Bharat Electronics Ltd. has clinched orders totaling Rs 847 crore from the Finance Ministry, with a significant Rs 665.84-crore order specifically from the Central Board of Indirect Taxes and Customs. …
Deloitte Faces Scrutiny for Overlooking Alleged $462 Million Fraud at Tingo
US short seller Hindenburg Research uncovered a $470 million corporate scam in Nigerian firm Tingo, certified by the global arm of auditing firm Deloitte. As per a Forbes Africa report …
Byju’s aims to raise $200 million through a rights issue, marking a significant 99% cut in valuation
Cash-strapped edtech giant BYJU’S has initiated a $200 million rights issue to secure funds from its current investors. The company is aiming to raise the capital at a post-money valuation …
Hyderabad-based Azad Engineering defence to manufacture aircraft engine components for Rolls-Royce in the defence sector
On Monday, Rolls-Royce, the British aircraft engine manufacturer, forged a long-term partnership with Hyderabad-based Azad Engineering. Under this agreement, Azad Engineering will produce and supply intricate components for defence aircraft …
ITC’s Q3 results reveal an 11% increase in net profit to Rs 5,572 crore, along with the announcement of an interim dividend
ITC Ltd posted a standalone net profit of Rs 5,572 crore for the December quarter of FY24, marking an 11% growth from Rs 5,031 crore in the same period last …
China Evergrande Group’s shares plummeted by 20% and trading was halted due to a liquidation order
Despite concerns among experts that the Evergrande Group’s liquidation order might impact Chinese markets, Chinese stocks saw an increase. This rise is attributed to regulators announcing measures to support the …
Key Points for this IPO: 👉The issue is entirely a fresh issue of 2.3 crore shares amounting Rs. 310.91 crores 👉Company has no debt as on 30 Sept, 2023 👉Company …
Walmart-backed e-commerce giant Flipkart’s co-founder Binny Bansal has resigned from the board, alongside Sachin Bansal, concluding more than 16 years of service. This move follows Binny Bansal’s sale of his …
Ola’s Krutrim achieves unicorn status, after raising $50 million in funds ,becoming the first AI firm in India to do so
Ola’s artificial intelligence firm, Krutrim, has secured $50 million in funding at a valuation of $1 billion in a round led by Matrix Partners, marking its status as India’s first …
Key Details about Fonebox Issue Date 25 to 30 Jan, 2024 Issue Size Rs. 20.37 crore Fresh Issue Rs. 20.37 crore Price Band Rs. 66 to 70 per share Lot …