Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.
Party's chief spokesperson K C Tyagi said Kumar has agreed to take over the mantle from Lalan Singh.
Of the top four companies, which collectively hold more than half of India's market share, two have pitted Shah Rukh Khan and Sunny Deol against each other.
CA said in a statement it would ensure elite men's and women's teams were "appropriately and prudently resourced" but chairman Earl Eddings declined to clarify whether the nation's high-performance staff and programmes would be unaffected.
BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
If Hockey India does not adopt a Sports Code-compliant Constitution at the earliest, the country runs the risk of losing the hosting rights of the Hockey World Cup, scheduled to be held from January 13 to 29.
The Federation of International Cricketers' Associations (FICA) urged Test playing nations on Wednesday to reject the controversial proposals that would effectively place Australia, England and India in charge of the world game.
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
A team of prison officials performed the dummy execution on Sunday. The officials recorded the weights of the convicts and the prepared the dummies accordingly with sacks filled with debris and stones, a senior jail official said. The execution will take place on in Jail No 3, he said, adding that the UP Prison authority has confirmed that Pawan Jallad from Meerut will be sent to hang the four convicts.
'The Budget will be positive, continuing on the path of growth taken so far.'
Chatterjee said the compNY is not aware of any major client concerns at this point.
The high court has dismissed the Gyanvapi mosque management committee's appeal.
PCB chairman Ramiz Raja told the ICC that Pakistan has not made any decision not to send its team to India for the 50-over World Cup.
With this rejig, Mindtree's board will now have 12 board members from eight.
The Burman family, which had made an open offer in September to acquire Religare Enterprises' control, in a statement said: "We are surprised and disappointed at these allegations." Burmans said it will move towards closing the transaction "expeditiously", working with all the regulators.
The IOC had also stated that its Executive Board reserves the right to take any further action at any stage of the process depending on how the situation develops.
Ashwin suggested that the Asia Cup 2023 should be shifted to Sri Lanka instead of being held in Pakistan.
A consortium of shareholders with over 30 per cent stake in cash-strapped Byju's might approach the National Company Law Tribunal (NCLT) seeking a management change, if the extraordinary general meeting (EGM) scheduled for Friday failed to yield an 'amicable settlement' or faced further delays, sources said. Earlier this month, these shareholders had issued a notice calling for an EGM to address "persistent issues", including a change in management. They will vote for a revamp of the existing board, an exercise which would include asking Byju Raveendran to step down as chief executive officer (CEO) and relinquish his operational role, according to sources.
With Amit Chandra's appointment, the Tata Sons board now has nine directors.
The ICG and Gujarat Anti-Terrorist Squad apprehended the fishing boat in a joint operation in the high seas on Sunday afternoon, the coast guard said in a release in Ahmedabad.
HCL Technologies on Monday said its founder Shiv Nadar will take on the role of Chairman Emeritus and Strategic Advisor to the company's board. Nadar, chief strategy officer and managing director of the company, on completing 76 years of age, has tendered his resignation as the MD as well as the Director with effect from close of business hours on July 19, according to a regulatory filing. "In order to continue to benefit from his vast knowledge, experience, and wisdom in an advisory role, the Board of Directors in its meeting held today, after considering the recommendations of the Nomination & Remuneration Committee, has approved the appointment of Shri Shiv Nadar as the 'Chairman Emeritus and Strategic Advisor to the Board' for a term of five years with effect from July 20, 2021," it added.
Even as the dust settles on one election, glory in Thiruvananthapuram has come with a new question on the horizon: Who will be UDF's candidate in the next Lok Sabha election given Shashi Tharoor has said 2024 would be his last? It isn't a vacancy that can be easily filled, points out Shyam G Menon.
The dealers operating in the space have jumped nearly three times over the past two years.
ICICI Bank on Saturday said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period. For fiscal 2023-24, its standalone net profit grew to Rs 40,888 crore from Rs 31,896 crore a year ago.
RCB found the going tough as they could score only 36 runs from the Powerplay overs.
Ranneeti: Balakot And Beyond veers between intriguing and boring, observes Deepa Gahlot.
There is a possibility that the Asia Cup might be scrapped entirely this year and India, Sri Lanka, Bangladesh and Afghanistan could end up playing a multi-team event in 50-overs format before the World Cup.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
Hockey India's long-serving CEO, Elena Norman resigned from her post on Tuesday, February 27. Norman steps down after holding the position for nearly 13 years.
With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in mind the evolving consumer preferences and also investing substantially on promotions and expansion of the channels this season, company executives of beverage and ice cream makers said. Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period.
'Baseball/softball, cricket (T20), flag football, lacrosse (sixes) and squash will be in the programme at LA28.'
Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment. Data from Capitaline shows that MFs' average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 per cent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 per cent in the same quarter of 2022-23.
At its executive board meeting last year, the International Olympic Committee had made provisions for flag-bearers from both genders at the opening ceremony.
Afghanistan pacer Naveen-ul-Haq was on Monday handed a 20-month ban from participating in the International League T20
Pakistan Cricket Board chairman Najam Sethi is exploring all options as far as this year's Asia Cup in Pakistan and ODI World Cup in India are concerned, saying it's time to "take a clear position".
Many lay folks cannot fathom the arcane language of the corporate governance brouhaha. I found that a mythological story connects very well, says R Gopalakrishnan.
Top seven teams at ODI World Cup 2023 will qualify for 2025 ICC Champions Trophy, as per ICC's new rules
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
The California walnuts shipped from the US to India have seen a sharp uptick with imports more than doubling from September to November against the same period last year. This comes after New Delhi removed its retaliatory customs tariffs on the key dry fruit. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped additional customs duties on about half a dozen US goods that were imposed in 2019 in response to America raising tariffs on certain steel and aluminum products coming from India.
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