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The company believes this matter is without merit, Natco Pharma said in a statement.
In a regulatory filing, Exide Industries said it made the investment by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on a rights basis.
The refinery's capacity (crude distillation/vacuum distillation unit) is 7.7 million metric tonnes per annum and the expansion aims to take this figure to 11 MMTPA, Sagar Collector Deepak Arya told PTI.
The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up to $1 billion IPO planned for late 2023, said the first source.
According to a release, HCLTech will focus on automating the public cloud environment while adhering to Siemens' security standards.
The non-deal roadshow would take place as soon as this week, said some of the people, who asked not to be named because the matter is private. JPMorgan Chase & Co. and Standard Chartered Plc are helping to organize the event, according to others.
The rest will be via long-term contracts, Kumar told the Gastech industry conference in Singapore, adding that the company would tap spot markets to meet seasonal demand or volatility.
The power of India's G20 presidency is reflected in a series of comprehensive actions taken that will create solutions that can be taken across the world but going forward, the multi-nation forum will need to tackle global issues such as debt restructuring of countries in debt, high inflation and agreement on timelines for climate mitigation measures, he said.
Tata Consumer Products, which owns UK tea company Tetley and has a partnership with Starbucks in India, is negotiating the stake purchase, the sources said.
Nine of the top 10 highest-grossing films in India for IMAX this year were Hollywood films. Christopher Nolan's Oppenheimer had the highest traction with over Rs 40 crore, followed by Avatar: The Way of Water.
Growth may resume but it will be accompanied with lower return ratios and a modest earnings trajectory
A round-up of the biggest articles from newspapers
Devanathan, who is the Vice President of Meta in India, also spoke of the company's determination to crack down on misinformation on the platform and outlined how it is harnessing AI (Artificial Intelligence) to pro-actively curb hateful content.
No other nation has taken the opportunity like India did to showcase its development, raise the profile of the country and also to use the G20 platform to make a lot of changes, and improvements in attitudinal differences in different parts of the country under the leadership of Prime Minister Narendra Modi, Bhargava told PTI.
The average inventory of passenger vehicles (PVs) at the end of August ranged from 58-63 days, up from 50-55 days in July and 30-35 days in August last year, the Federation of Automobile Dealers Association (FADA) said.
As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of the Company on account of annual bonus will be Rs 314.70 crore, the company said in a statement on Monday.
Vodafone Idea paid 10 percent and assured the remaining — including interest for delayed payment — will be paid by September end.
“There is never a day that I would not buy more equity in Paytm,” Sharma told Bloomberg News in an interview on Monday. “The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone.”
Paytm's Gross Merchandise Value for the quarter to date (for July and August) stood at Rs 3.0 Lakh crore ($36.3 billion) witnessing a year-on-year growth of 43 percent.
Uday Kotak, the country’s richest financier, resigned the same week the bank sent two names including his long-time lieutenant K V S Manian to the Reserve Bank of India as his potential successors, according to people familiar with the matter.
India’s middle class in the next twelve years will drive India’s economy. In this video, we explain India’s growth story, and how the rising population will drive India’s workforce. According to the PRICE ICE Survey Indian middle class currently represents 31% of the population. By 2031 it’ll represent 38% of the population. And by 2047 the percentage will rise to 60%. But how? Watch this video to understand. Source: PRICE ICE Survey
The allocation is part of the company's USD 15 million fund it has allocated for nature-based projects in Asia Pacific (APAC).
The board of the company approved the fundraising plan at its meeting on April 2, GGEL said in a statement.
Under the agreement, Ayana Renewable Power will be supplying 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco Industries' smelter plants in Odisha.