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Economy
SpiceJet QIP: Board okays 48.7 cr share allotment to raise Rs 3,000 cr
New Delhi: Struggling low-cost carrier SpiceJet on Saturday said its board has approved the issuance and allotment of 48.70 crore equity shares to qualified institutional buyers at Rs 61.60 per share.
The total amount raised from the!-->…
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September set to be busiest month for IPOs in 14 years: RBI
New Delhi: As Indian stock markets remain resilient amid global challenges, September is set to be the busiest month for initial public offerings (IPOs) in 14 years, with over 28 companies entering the market so far, according to the!-->…
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GeM slashes transaction charges on sellers to boost ease of doing biz
New Delhi: Aligned with the Centre’s commitment to foster ease of doing business and build a more inclusive economy, the Government-e-Marketplace (GeM) has announced a significant reduction in the transaction charges levied on sellers!-->…
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Centre notifies rules and forms for Direct Tax Vivad Se Vishwas Scheme
New Delhi: The government on Saturday notified rules and forms for the Direct Tax Vivad Se Vishwas Scheme 2024 (DTVSV 2024) to resolve pending appeals in the case of income tax disputes.
The scheme, announced in the Union Budget to!-->…
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EPFO to spend over Rs 13 crore on employee welfare in FY25
New Delhi: The Employees' Provident Fund Organisation (EPFO) has announced to spend Rs 13.10 crore for welfare of its 15,529 employees across 145 offices in FY25, which includes Rs 74.37 lakh for holiday homes.
According to an EPFO!-->…
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Mutual fund investments in India move beyond top 15 cities: Report
New Delhi: Investors from smaller cities in India are embracing mutual funds like never before and the share of such investors in cities beyond the top 15 have risen significantly in the last four years, a new report showed on Saturday.!-->…
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Gross inward FDI grew 23.6 pc to $27.7 billion in April-July period: RBI
New Delhi: Keeping the upward trajectory, the Reserve Bank of India (RBI) saw net foreign direct investment (FDI) growing in the first four months of FY25, owing to an increase in gross FDI flows.
The gross inward FDI grew by 23.6 per!-->…
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Oyo acquiring US hospitality chain with 1,500 motels for $525 million
New York: Boosting its international presence, Indian hospitality major Oyo’s parent company Oravel Stays is acquiring Motel 6 and Studio 6 chain with about 1,500 facilities across the US and Canada from the investment company Blackstone!-->…
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Indian markets see renewed buying after Fed rate cut, bullish momentum to continue
Mumbai: After a sideways start, the Indian benchmark indices gained momentum this week after a surprise 50 bps rate cut by the US Fed Reserve, as Sensex crossed 84,000 for the first time and Nifty hit a new all-time high.
As per market!-->…
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Adani Total Gas secures largest global financing in city gas biz at $375 mn
Ahmedabad: Adani Total Gas Ltd (ATGL) on Friday said it has secured the largest global financing in the city gas distribution business, at $375 million, which will help the company cater to over 200 million people, covering 14 per cent of!-->…
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