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The Economic Times

REC signs MoUs worth ₹1.1 lakh crore with RE cos

REC Ltd has signed memorandums of understanding worth Rs 1.12 lakh crore with renewable energy developers for projects over five years. These include solar-wind hybrid, round-the-clock renewable power, and other renewable energy initiatives. The company aims to increase its renewable energy loan book to over ₹3 lakh crore by 2030.

Business Standard

SpiceJet gets good response for Rs 3k cr worth share sale, oversubscribed

SpiceJet, which has statutory dues of more than Rs 601 crore, has received a good response for its Rs 3,000 crore-worth sale of shares to qualified institutional buyers. Operating with a reduced fleet as well as facing financial and legal headwinds, the carrier is looking to raise funds. Sources in the know on Wednesday said the qualified institutional placement has been oversubscribed, with participation from various investors, including family offices and institutional funds. Some of the investors include family offices of Madhu Kela, Akash Bhanshali, Sanjay Dangi, Rohit Kothari, and Bandhan Bank, the sources said. There was no official comment from the airline. "Due to our financial constraints, our company has not been able to fulfil the statutory liabilities accruing on us on a month to month basis," the airline said in the preliminary placement document related to raising Rs 3,000 crore. As per the document, the airline has not made provident fund payments to the tune of ov

Business Standard

Investors subscribe Arkade Developers' IPO 29.42 times offer size on day 3

The initial public offer of Arkade Developers got subscribed 29.42 times on Wednesday, day three of the share sale. The Rs 410-crore initial share sale received bids for 69,94,46,440 shares against 2,37,75,719 shares on offer, according to NSE data. The quota for non-institutional investors garnered 58.80 times subscription while the Retail Individual Investors (RIIs) part got subscribed 33.26 times. The portion for Qualified Institutional Buyers (QIBs) received 61 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale

Business Standard

Oswal Pumps files IPO papers with Sebi to raise Rs 1k cr via fresh issue

Haryana-based Oswal Pumps has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta, according to the draft red herring prospectus (DRHP) filed on Tuesday. The company may consider raising up to Rs 200 crore in a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be used for funding certain capital expenditures of the company; investment in wholly-owned subsidiary, Oswal Solar in the form of debt or equity, setting up new manufacturing units at Karnal, Haryana, payment of debt, and for general corporate purposes. Oswal Pumps commenced its operations in 2003 by manufacturing low-speed monoblock pumps and over the years, it expanded its operations to manufacture grid-connected high-speed

Business Line

Reliance Infra brings down standalone debt by 87 per cent to ₹475 crore

The net worth of the company now stands at ₹9,041 crore

Mint

Swiggy IPO: Madhuri Dixit invests ₹1.5 crore, picks up stake ahead of market debut, says report

Madhuri Dixit and Innov8 founder Ritesh Malik have acquired shares worth ₹3 crore in Swiggy from the secondary market before its IPO.

The Economic Times

Oswal Pumps files IPO papers with Sebi; aims Rs 1,000-cr via fresh issue

Haryana-based Oswal Pumps has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta, according to the draft red herring prospectus (DRHP) filed on Tuesday.

Hindustan Times

Is it worth flying to Dubai to buy an iPhone 16 Pro Max anymore? Find out more

The iPhone 16 Pro Max has landed in India, with the 256GB model priced at ₹1,44,900, with a ₹5,000 discount on select credit cards making it ₹1,39,900

CNBC TV18

Madhuri Dixit invests in Swiggy ahead of IPO, joins growing celebrity investor roster

Madhuri Dixit and Ritesh Malik together bought shares worth Rs 3 crore, which was also the minimum investment size, by putting in Rs 1.5 crore each and became equal shareholders in Swiggy.

Hindustan Times

Madhuri Dixit buys ₹1.5 crore worth Swiggy shares ahead of IPO: Report

Madhuri Dixit, along with Innov8 founder Ritesh Malik, bought Swiggy shares worth ₹3 crore from the secondary market, paying ₹1.5 crore each

Mint

REC signs ₹1.12 trillion worth MoUs to finance green energy projects

REC aims to increase the share of renewables in its loan portfolio from the current 8% to 30%, targeting a loan book of ₹10 trillion by 2030.

Business Standard

REC inks MoUs worth Rs 1.12 lakh crore with RE developers

REC said that it has signed non-binding memorandum of understandings (MoUs) with Renewable Energy (RE) developers aggregating about Rs 1.12 lakh crore, which will be implemented over a period of 5 years.

The Economic Times

REC shares rally by 3% after signing MoUs of Rs 1.12 lakh crore

Rural Electrification Corporation's shares rose 3% after signing MoUs worth ₹1.12 lakh crore for renewable projects, aiming to boost its renewable loan book to ₹3 lakh crore by 2030.

Business Standard

Ceigall India spurts on bagging orders worth Rs 2,499 cr

Ceigall India advanced 4.68% to Rs 394.45 after the company said that it has emerged as lowest bidder (L1) for two projects in Uttar Pradesh for an aggregate value of Rs 2,498.5 crore.

CNBC TV18

Restaurant Brands Asia Block Deal | 2.1% equity worth ₹113 crore changes hands

Resaurants Brands Asia Share Price | Restaurant Brands owns and operates a chain of restaurants with the Burger King brand. The identities of the buyers and sellers involved in the block deal have not been disclosed.

The Economic Times

Much-needed good news for Anil Ambani as Reliance Infra slashes debt from Rs 3,831 cr to Rs 475 cr

Reliance Infrastructure Limited has significantly reduced its standalone external debt from Rs 3,831 crore to Rs 475 crore. The company cleared dues to key financial institutions and entered a One Time Settlement with LIC. This reduction boosts Reliance Infra's net worth to approximately Rs 9,041 crore.

The Economic Times

Reliance Power shares locked in 5% upper circuit on settling Rs 3,900 crore obligations

Reliance Power Share Price: Shares of Reliance Power rose 5% today, reaching a high of Rs 32.98, following the announcement of a settlement regarding obligations worth Rs 3,872.04 crore for the lenders of Vidarbha Industries Power (VIPL). The company also settled all disputes with CFM Asset Reconstruction, pledging 100% of VIPL's shares to CFM for the release of the guarantee.

Business Line

REC inks MoUs with renewable energy companies for projects worth ₹1.12 lakh crore

REC Limited plans to support India's goal of increasing non-fossil-based generation capacity from 200 GW to 500 GW by 2030

Business Line

Stock Market Live Updates: Sensex, Nifty set to open flat ahead of US Fed rate decision

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, are expected to open flat on Wednesday and maintain stability ahead of the U.S. Federal Reserve’s rate decision. The benchmark held steady near record highs in the previous session, with traders anticipating cautious movements until the Fed’s announcement, scheduled after markets close. The Fed is anticipated to cut rates, but the extent—25 or 50 basis points—remains uncertain. A larger cut could attract foreign investment into emerging markets like India, though concerns exist about potential delays in easing impacting economic growth. The Fed’s decision and future policy guidance will influence Indian equities, particularly in foreign inflows and U.S.-dependent sectors like IT and pharma. On Tuesday, institutional investors were net buyers of Indian stocks, purchasing shares worth ₹483 crore and ₹874 crore, respectively.

Business Standard

Infra lender REC signs renewable energy agreements worth $13.4 billion

REC is targetting to take its renewables loan book to over Rs 3 trillion by 2030, expanding the share of renewables to 30 per cent from 8 per cent currently

Business Standard

Arkade Developers IPO gets subscribed 16.20 times on Day 2 of bidding

The initial public offer of Arkade Developers Ltd received 16.20 times subscription on the second day of bidding on Tuesday. The initial share sale received bids for 38,51,04,390 shares against 2,37,75,719 shares on offer, as per NSE data. The portion for non-institutional investors attracted 28.26 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 19.99 times. The quota for Qualified Institutional Buyers (QIBs) fetched 44 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (O

Business Standard

Northern Arc Capital IPO got subscribed 9.98 times on Day 2 of offer

The initial public offer of non-bank financial institution Northern Arc Capital Ltd got subscribed 9.98 times on the second day of bidding on Tuesday. The share sale received bids for 21,43,97,349 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors received 21.71 times subscription while the Retail Individual Investors (RIIs) part got subscribed 10.82 times. The portion meant for Qualified Institutional Buyers (QIBs) garnered 20 per cent subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company will conclude on September 19. The price has been fixed in the range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue si

Business Standard

Govt implements many farmer-friendly policies in first 100 days: Amit Shah

The government has implemented several farmer-friendly policies in its first 100 days of the third term with focus on improving agricultural productivity and exports, Cooperation Minister Amit Shah said on Tuesday. Addressing a press conference on the completion of 100 days of the Modi 3.0 regime, Shah said the government has implemented policies worth Rs 15 lakh crore across 14 sectors. Listing works initiated for the welfare of the farmers, he also said the Modi government has launched the agriculture fund to support startups and rural enterprises, driving agricultural innovation. The minister said the Agriculture Infrastructure Fund has been expanded to enhance agricultural infrastructure and support to farmers, and Rs 14,200 crore has been allocated across seven schemes to improve farmers' lives and livelihoods. The minister highlighted key achievements in the farm sector, including the disbursement of Rs 20,000 crore to 9.3 crore farmers under the Pradhan Mantri Kisan Samman .

The Economic Times

These 4 mutual funds receive over Rs 10,000 crore inflow in August

As of August, 43 mutual funds collectively held assets worth Rs 67.98 lakh crore, up from Rs 66.47 lakh crore in July, marking a monthly increase of Rs 1.51 lakh crore. Notably, four fund houses received inflows exceeding Rs 10,000 crore in August.

Business Standard

Dental products firm Laxmi Dental files draft papers with Sebi for IPO

Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed last week. As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company. Besides, the company may consider raising Rs 30 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be kept aside for investment in subsidiary Bizdent Devices, purchase of new machinery for the company, payment of debt and for general corporate purposes. Laxmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes custom-made crowns and bridges, branded

CNBC TV18

BLS International Services Block Deal: Shares fall 4% after block deal worth ₹224 crore

As many as 55 lakh shares or 1.3% of the overall equity changed hands in the block deal, according to data available on the exchanges.

The Economic Times

Northern Arc Capital IPO subscribed 5 times so far on Day 2; GMP rises to Rs 158

Northern Arc Capital's IPO, which opened for subscription on Monday, has been subscribed five times by the second day. Non-institutional investors showed the strongest demand, subscribing nine times. The IPO consists of an offer for sale worth Rs 277 crore and a fresh issue of up to Rs 500 crore. Analysts recommend subscribing due to the company's strong growth potential.

Business Standard

Torrent Power zooms 7%, nears record high on signing MoU with Gujarat govt

Torrent Power share price today: The buying interest in Torrent Power shares came after the reaffirmed its commitment towards investment worth Rs 64,000 crore in green and sustainable projects

Business Line

Marine Electricals secures orders worth ₹6.87 crore

Marine Electricals confirmed that these orders do not involve any related party transactions and are not associated with the company’s promoter or promoter group interests

CNBC TV18

RailTel Corporation bags order worth ₹48.7 crore from health insurance company

RailTel Corporation Share Price | The order is for the integrated claims management solution portal and mobile application. It is expected to be completed by June 14, 2030.

CNBC TV18

Nuvoco Vistas Corporation Block Deal | 1.2% equity worth ₹158 crore changes hands

Shares were traded at a price of ₹ 352 apiece totalling a transaction value of around ₹ 158 crore. The buyers and sellers in the transaction are not known officially.

Business Standard

Droneacharya Aerial bags export order worth $240,000 for supplying drone components

Droneacharya Aerial Innovations said that it has secured an export order for the supply of Drone components for heavy payload logistic drones, valued at USD 240,000.

CNBC TV18

Tata Motors Block Deal: Stock falls after shares worth ₹1,758 crore change hands

Shares changed hands at an average price of ₹970 per share, implying a total transaction value of ₹1,758 crore.

Hindustan Times

Adani Group’s Kenya transmission deals still under talks: ‘Many boxes to tick’

Kenya Electricity Transmission Co. continues negotiations with Adani Energy for three power lines, disputing claims of awarded deals worth $1.3 billion.

The Economic Times

Hinduja Group entity issues high yield bonds to partly fund Reliance Cap buy

The company invited bids from investors earlier in the day and received bids from high-net-worth investors, family offices and domestic private credit funds, the bankers said requesting anonymity as they are not authorised to talk to the media.

Business Standard

Northern Arc Capital IPO fully subscribed on Day 1, 2.86x oversubscribed

The initial public offer of non-bank financial institution Northern Arc Capital received 2.86 times subscription on the first day of the share sale on Monday. The share sale received bids for 6,14,36,709 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors fetched 4.47 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 3.86 times. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company will conclude on September 19. The price has been fixed in the range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size

Business Standard

Uttar Pradesh govt to acquire paddy worth Rs 16,000 cr this kharif season

The procurement is scheduled to commence from October 1 and continue till February 28, 2025, starting from Western UP and gradually covering the eastern part

Business Standard

Bajaj Housing Finance surges 2.4x on debut, adds Rs 79K cr in market value

BHF's strong debut follows strong demand for its shares during its Rs 6,560 crore IPO, which saw 67 times more demand than shares on offer and garnered record Rs 3.2 trillion worth of bids

Business Standard

How Intel lost Sony PlayStation deal worth potential $30 billion revenue

Dispute over profit margins blocked Intel-Sony deal, sources say

The Economic Times

Bajaj Housing Finance: How much more room in the house of plenty?

Bajaj Housing Finance's IPO saw a remarkable response, listing at a 114% premium. The issue was subscribed 64 times, breaking records with bids worth ₹3.23 lakh crore and 8.9 million applications. Strong parentage, reasonable valuations, and growth prospects drove the interest, positioning Bajaj Housing Finance for significant future growth.