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Indian refiner Nayara Energy appoints Prasad K Panicker as chairman

Despite a challenging external environment, Nayara Energy said it has developed an articulated strategy for a phased expansion into petrochemicals

Ambuja Cements, ACC receive lukewarm response from public shareholders

The response was poor as the current market price is far above the open offer price, bankers said

Reliance Industries acquires Shubhalakshmi Polyesters for Rs 1,592 cr

Reliance Petroleum Retail acquired the polyester biz of Shubhalakshmi Polyesters and Shubhlaxmi Polytex for Rs 1,522 crore and Rs 70 crore, respectively, in cash

No restrictions on RRPR Holding for warrant conversion, says I-T dept

In a disclosure to the stock exchanges, VCPL said it had approached the IT department for clarity on the matter and received a reply from the Additional Commissioner of Income Tax

Reliance Infrastructure moves Mumbai arbitration centre against Adani

Reliance Infrastructure has filed its statement of arbitration claims for a sum of approx Rs 13,400 crore before the Mumbai Centre for International Arbitration, the company said

Sonjoy Mohonty replaces Abinash Verma as new ISMA Director General

35 years' experience in oil & gas, micro banking and other sectors; IIM alumnus to assume office on Sept 15

YES Bank NPA sale challenge: Arcil-Cerberus backs out of the race

In July, YES Bank signed a binding term sheet with JCF ARC LLC and JC Flowers ARC for a strategic partnership for the sale of identified stressed loans of the bank

HCL Tech, Intel launch Centre of Excellence for Digital Workplace offering

Unit will serve as a hub to test and validate new digital tech platform solutions and architectures to meet the workload-intensive demands of enterprises in a hybrid workplace environment

Kotak Securities buys investment platform for advisors, MF distributors

Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore

Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share

Fresh fund raise Rs 455 crore, secondary share sale Rs 300 crore; company eyeing Rs 3,000 crore valuation; firm makes brass, steel and polyamide cages and stamped components

PVR shareholders to mull Inox merger on Oct 11, creditors' meet same day

Investors' meet over videoconference comes after Mumbai NCLT's directive to PVR; both Inox Leisure and PVR had said this June that they had received clearances for their merger NSE and BSE

Equity inflows at 10-month low in Aug, exchange traded funds gain traction

Average AUM for industry rose to Rs 39.5 trn, compared to Rs 37. 8 trn in July

Devika Bulchandani to be first Indian-origin woman to head global ad agency

Will replace Andy Main as CEO of Ogilvy, who will serve as a senior adviser until the year-end

Blind adoption of new fintech could have an adverse impact: RBI ED

The new tech will bring a lot of benefit but can also bring some significant potential for disruption in the future of finance, says ED

Fortune India Rich List 2022: 142 billionaires worth $832 billion

Fortune and Waterfield collected details of listed and unlisted wealth, additional information regarding investments outside of the listed business

PhonePe tokenises 14 mn cards ahead of RBI's deadline of Sept 30

PhonePe said it is working with three major card networks, Visa, Mastercard, and RuPay, to meet the regulator's tokenisation deadline of September 30.

Broking industry growth moderating after strong FY22, says ICRA

ICRA believes that the outlook for the brokerage industry is stable, though its revenue trajectory and profitability are expected to moderate from the FY22 levels

Varde Partners to pick up 15% in Reliance Power for Rs 933 crore

Reliance Power's stock price closed trade at Rs 21.30 a share on Thursday, down 1.62 per cent over the previous day's close

Macro fundamentals improving, but risk-reward unfavourable: BNP Paribas

'Defying global trends, Nifty 50 has outperformed most peers year-to-date and is trading at 19.2 times, 21% above its long-term average, taking the earnings yield-bond yield gap below 2%'

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore