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Hindalco's shares rise by 3.5% after subsidiary Novelis firms up IPO plan

Hindalco, a leading aluminium and copper manufacturer, holds a 100 per cent stake in Novelis, which is in a similar business

India's peak power demand touches new record high of 246 Gigawatts

During the current year, May has witnessed several power demand records

PMI Electro Mobility faces subsidy fraud allegations under FAME scheme

The Ministry of Heavy Industries has now formed a team for a second probe into the allegations against PMI Electro

Dhaksha adopts Dassault Systemes platform to accelerate next-gen drones

Dhaksha is leveraging the 3D Experience platform, including its Simulia software applications, to design and develop a comprehensive range of UAS solutions

Sebi penalises Samco for lapses, bond platforms formalise association

The market regulator said that while onboarding, clients were not given preference to select segments, due to which the client was required to open a trading account in all segments

P&G Hygiene appoints Mrinalini Srinivasan chief financial officer

Srinivasan has worked across various finance roles in her career spanning 16 years

Lok Sabha elections: On Nitish Kumar's turf, CPI (ML) eyes an opening

Bihar Chief Minister Nitish Kumar hails from Nalanda and he had represented it in the 2004 Lok Sabha polls. His party's dominance on the seat has been a barometer of his personal popularity

TVS Supply Chain Solutions reports net profit at Rs 5.4 crore in Q4

The company posted a 4.5 per cent year-on-year increase in revenue from operations to Rs 2,426 crore during the quarter ended March 31, 2024, as against Rs 2,321 crore in the same period last year

RBI imposes penalty on ICICI Bank and YES Bank for rule violations

RBI said these actions are based on deficiencies in regulatory compliance and are not intended to pronounce upon validity of any transactions or agreements entered into by the bank with its customers

Nykaa appoints Santosh Desai as independent director on its board

Desai served as the CEO of Future Brands for nearly 17 years. He has also served as the president of McCann, one of India's premier advertising agencies

Adani Ent, Adani Energy Solutions to consider fundraising next week

A year ago, Adani Enterprises and Adani Energy Solutions had sought board and shareholder approval for a similar proposal of raising up to Rs 12,500 crore and Rs 8,500 crore, respectively

Sebi tweaks framework for price band formulation in derivatives segment

The regulator has enhanced the number of trades, unique client codes, and trading members for 'flexing' of price bands. Flexing is changing the price band towards the direction of the trade

Ola moves tech workloads out of Microsoft's Azure, says Bhavish Aggarwal

Although Krutrim managed to get 2,500 developers, there was no clarity if any companies have joined the platform or have shown interest in joining the platform

SWCNTs producer NoPo Nanotechnologies raises $3 mn in pre-series A funding

NoPo specializes in the production of single-walled carbon nanotubes (SWCNTs), a material that holds promise across various applications, ranging from usage by EV battery manufacturers

Kotak Mutual Fund launches Nifty 100 Low Volatility 30 Index Fund

The new fund offering will remain open for subscription till May 31

PB Fintech's Dahiya, Bansal divest Rs 1,109 crore worth of shares

They sold 8.37 million shares at Rs 1,325 apiece. Among the buyers were over two dozen funds, which included Morgan Stanley, Societe Generale, Axis Mutual Fund, and New World Fund

Trent, Bharat Electronics poised as contenders for Nifty50 in September

If added, both stocks could receive passive inflows in excess of Rs 3,000 crore

Godrej re-appoints Tanya Dubash as executive director, chief brand officer

The company also said that Dubash is not barred from holding the office of director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority

GSK Pharma Q4 results: Profit rises 45% on growth in NLEM drugs, vaccines

The board has recommended a dividend of Rs 32 per equity share on face value of Rs 10 each for the year ended 31 March 2024, subject to approval of members at 99th Annual General Meeting