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GMM shares crash 15% as promoter Pfaudler Inc hits sell button

Pfaudler sold 17.3 per cent stake at around Rs 1,700 per share to mop up Rs 1,324 crore

Relief for Rahul Gandhi, Jairam Ramesh, Supriya Shrinate in copyright case

Karnataka HC passes stay order on probe against the three in a copyright infringement case filed by MRT Music over the use of a song from 'KGF Chapter 2' for Congress Party's Bharat Jodo Yatra

Binny Bansal-backed fashion startup Virgio raises $37mn from Prosus, others

Set up in 2022 by former Myntra CEO Amar Nagaram, Virgio's model uses technology across processes to streamline the entire fashion lifecycle and enable a real-time fashion offering

Abans Holdings, Landmark Cars IPOs get lukewarm response from investors

Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise

Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra

Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that

Visa consultancy firm BLS International crosses $1 bn in market cap

Delhi-based company says its business gained after countries eased travel restrictions for Covid-19

Cell manufacturer Godi India announces new technology to improve EV range

Silicon-based cells can store nearly ten times energy, give an electric vehicle greater range

Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share

Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore

HC asks Irdai to consult insurance firms about health cover for disabled

Court asked regulator and insurance companies to submit a status report before March 17, 2023

Social lifestyle club The Quorum enters Hyderabad with largest facility

Spread across two floors and 70,000 sq ft, Hyderabad Club will become operational by mid-2023

Sula Vineyards IPO: Rs 288 crore worth of shares for anchor investors

Some of the anchor investors who participated in the allotment include Abu Dhabi Investment Authority, Goldman Sachs, BNP Paribas, and SBI Contra Fund among others

V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore

Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt

NDTV approves proposal to invite two Adani nominees on its board

The appointment of directors, NDTV said, would be taken up at its next board meet on December 23

SpaceX puts 40 OneWeb satellites into orbit from Kennedy Space Centre

This is OneWeb's 15th launch till date and second since it resumed its campaign with a launch from India in Oct

Revised RBI guidelines on securitisation likely to impact short-term loans

But they are unlikely to disrupt the securitisation market as such loans constituted only 5% of the total securitisation volume in H1FY23

Biggest challenge is to get Centre, states work together: CII president

Bajaj said even in states where it is the same party ruling as the Centre, one doesn't see the same level of focus, energy and interest

Govt notifies amendments with more tie-ups for corporate agents

As per the notification, corporate agents can now tie up with nine insurers each in the general, life, and health insurance sectors

HDFC Bank files petition for NCLT approval to the proposed merger

The bank has already received the approval of the equity shareholders, which includes public shareholders, to the proposed merger scheme

Sebi receives over 30,000 whistleblower complaints: Chief vigilance officer

If we continue to misuse this policy with frivolous and mischievous complaints, then we are blunting it," she said

ASK Capital gets Central Bank of Ireland nod to launch India-based fund

UCITS is a regulatory framework of the European Commission for management and sale of mutual funds