Bharti Hexacom sets price band at ₹542-570 for its ₹4,275 cr IPO; issue to open on Apr 3
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
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Centre seeks parliament nod for ₹1.29 lakh cr additional spend
The additional spending approval sought through the first supplementary demand is substantially lower than the approval for ₹4.3 lakh crore sought in the first supplementary demand for grants in FY23
Govt refutes Congress allegation, says ₹210 crore good valuation for CEL disinvestment
While the reserve price fixed by the government for CEL was ₹194 crore, Nandlal quoted ₹210 crore.
Invest India: The government’s own startup
The young and lean team at Invest India, the national investment promotion and facilitation agency, is functioning like a startup to bring investments to the country.
NIIFL invests ₹2,100 cr in Manipal Hospitals
The funding comes close on the heels of billionaire entrepreneur Ranjan Pai-led Manipal Hospitals acquiring Columbia Asia Hospitals in India for ₹2,100 crore last November.
Govt. of India, ITC back Fireside Fund II
Bengaluru-based Fireside Ventures closes its second fund with a corpus of ₹863 crore; the venture capital firm plans to invest in 15-20 digital-first consumer brand startups.
What next after the Vodafone tax arbitration?
The telecom major has scored yet another win in the legacy tax dispute. But it is premature to assume that the tribunal’s award is the last word.
Auto industry is losing ₹2,300 crore a day
The slowdown-hit sector takes a further hit as the nationwide lockdown hits demand. Auto sales fall 45% in March, SIAM data shows.
