Powered by: Motilal Oswal

News

India`s Byju`s to list unit Aakash Education by mid-2024 Indian education startup Byju's on Monday said it will take its educational institute Aakash Education Services public through an initial public offering (IPO) by mid-2024. Aakash, which was acquired for $950 million by Byju's in 2021, had first filed its draft prospectus in July 2018, before scrapping its listing plans. The announcement comes amid a gloomy market for domestic listings. After peaking in 2021, the IPO market has fizzled out due to concerns of companies' valua...
India`s Byju`s to list unit Aakash Education by mid-2024
India`s Byju`s to list unit Aakash Education by mid-2024
Source: Reuters
5/06/2023 3:40:31 PM
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament Trinamool Congress is all set to corner the Centre in the upcoming Parliament session on several issues, including investments by SBI and LIC in private entities besides the recent hike in the cooking gas price. According to sources, the decision was taken at a closed-door meeting here on Wednesday evening. Chaired by West Bengal Chief Minister Mamata Banerjee, the meeting saw participation of party's national general secretary, Abhishek Banerjee and the party leaders in the Lok Sabha ...
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
Source: IANS
9/03/2023 10:49:12 AM
See Rupee slide as a case of Dollar strengthening, says Finance Minister As the rupee continues with its downward trend against the dollar, touching 82.32 on Friday, Finance Minister Nirmala Sitharaman has said that she sees the phenomenon as dollar strengthening and not the Indian currency sliding. Addressing a press conference in Washington on Friday, Sitharaman said that rupee has withstood dollar's rise and has performed better than those of many emerging market currencies. "I won't see this as rupee sliding but as dollar strengthening. It i...
See Rupee slide as a case of Dollar strengthening, says Finance Minister
See Rupee slide as a case of Dollar strengthening, says Finance Minister
Source: IANS
16/10/2022 12:09:42 PM
Indiabulls Real Estate shares up 10% after clarification on ED searches Shares of Indiabulls Real Estate jumped over 10 per cent on Tuesday after the company clarified that the recent searches by the Enforcement Directorate were about a client and had nothing to do with the company as such. As reported by IANS, the Enforcement Directorate on Monday conducted raids at the offices of Indiabulls Finance Centre in Mumbai and Delhi in connection with a Prevention of Money Laundering case lodged against the company and its promoter Sameer Gehlaut in April 2021. &...
Indiabulls Real Estate shares up 10% after clarification on ED searches
Indiabulls Real Estate shares up 10% after clarification on ED searches
Source: IANS
23/02/2022 9:28:37 AM
ED summons Amazon India head, Future Group promoters for FEMA violations The Enforcement Directorate (ED) has issued summons to Amazon India's management and Future Group promoter for questioning in a Foreign Exchange Management Act case. Amazon India's top management including its head Amit Agarwal was summoned by ED for next week, said source. The official said that they have been asked to join probe on December 6. The ED is probing alleged irregularities in the Amazon and Future Retail promoter entity Future Coupons Pvt Ltd (FCPL) deal wherein Ama...
ED summons Amazon India head, Future Group promoters for FEMA violations
ED summons Amazon India head, Future Group promoters for FEMA violations
Source: IANS
28/11/2021 5:48:28 PM
Enforcement Directorate freezes Karvy shares held by its top honchos In further action against Karvy Stock Broking Limited (KSBL), the Enforcement Directorate (ED) has issued freezing order in respect of shares of the group held directly & indirectly by the Chairman and Managing Director of M/s KSBL, Comandur Parthasarathy, his sons, Rajat Parthasarathy and Adhiraj Parthasarathy, and their entities in order to safeguard the proceeds of the crime. The development comes in the wake of search operations on Wednesday at six locations connected to M/s Karvy ...
Enforcement Directorate freezes Karvy shares held by its top honchos
Enforcement Directorate freezes Karvy shares held by its top honchos
Source: IANS
25/09/2021 2:42:40 PM
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities Key News Adani Group to raise over $1.5 bn to refinance Mumbai airport debt Mumbai airport is looking to raise bonds worth $1.5 billion to refinance the debt of Mumbai’s international airport amid a slump in air travel owing to the ongoing pandemic. The plan to raise capital comes months after the Adani group announced acquisition of the GVK-group-owned MIAL. In February, the Adani group acquired 23.5 per cent stakes in the Mumbai airport from two South African investors, while th...
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities
Source: ARETE Securities Ltd
8/07/2021 8:51:10 AM
Enforcement Directorate seeks information, documents from Amazon amid probe: Source NEW DELHI - India's Enforcement Directorate has recently asked Amazon.com Inc for information related to its operations in the country, as the agency continues to investigate the U.S. e-commerce giant, a senior agency source told Reuters on Friday. Last month, the source at the country's federal financial-crime fighting agency said the Directorate will examine the findings in a recent Reuters special report which revealed the company has for years given preferential treatment to a ...
Enforcement Directorate seeks information, documents from Amazon amid probe: Source
Enforcement Directorate seeks information, documents from Amazon amid probe: Source
Source: Reuters
12/03/2021 5:46:16 PM
Enforcement Directorate to examine documents to see if Amazon dodged regulators Spelling more trouble for e-commerce giant Amazon, the Enforcement Directorate (ED) will examine its documents over allegations that it dodged India's regulators, sources said on Friday. An ED source related to the development told IANS, "We will examine the documents of Amazon, as it has been alleged that it favoured big sellers on its India platform, and used them to maneuver around rules meant to protect the country's small retailers from getting crushed by e-commerce giant...
Enforcement Directorate to examine documents to see if Amazon dodged regulators
Enforcement Directorate to examine documents to see if Amazon dodged regulators
Source: IANS
20/02/2021 10:52:25 AM