The company did not disclose the details of the financial transaction but as per the buzz in the market, the deal was locked at around Rs 1,200 crore.
The Sensitive Index (Sensex) of the BSE, which had closed at 37,789.13 points on Wednesday, opened lower at 37,747.91 points
Shanghvi believes that policy hurdles were responsible for lower demand for Suzlon’s wind turbines and the resultant cash squeeze.
A day after a technician and his aide registered with UrbanClap died in an AC compressor blast while servicing, an FIR has been filed against the chief executive officer (CEO), vice president (VP) and senior manager of online services portal. Gurugram police registered the FIR under IPC sections 304 (II) (act[Read More…]
Mumbai: The output growth of India’s manufacturing sector remained weak in April as softer increase in new orders restricted production, employment, input buying and business sentiment. According to the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), the composite indicator of manufacturing performance showed an index reading of 51.8 in April[Read More…]
Mumbai-based 3-year-old yoga and wellness startup, SARVA has managed to raise $6-million funding from various fitness and music industry celebs including superstar Jennifer Lopez and her fiance, baseball legend Alex Rodriguez. For the duo, who are also often featured among myriad lists of the most powerful celebrity couples in the US entertainment and[Read More…]
Shares of Bombay dyeing registered a fall of 17 per cent, while Bombay Burmah and National Peroxide, fell 6 per cent and 5 per cent respectively
Ness Wadia, son of industrialist Nusli Wadia and inheritor of one of India’s wealthiest business families was sentenced two-year-jail tern for drugs possession while on a skiing holiday to Japan. Ness, who is the co-owner of Kings XI Punjab team, is the eldest son of Nusli Wadia and and heir[Read More…]
Indian businessman and heir to the 283-year-old Wadia Group, Ness Wadia has been sentenced two year jail term over drug possession while he was on a skiing holiday in Japan. Going by the reports of Financial Times, Wadia, who is the co-owner of the Kings XI Punjab cricket team, was[Read More…]
Mumbai: The benchmark Sensex opened on a weak note on Monday, and was trading nearly 250 points lower owing to a steep rise in the crude oil prices. The Brent crude rose above the $73 a barrel mark. The Sensex of the BSE opened at 39,158.22 from its previous close[Read More…]