Banking And Finance
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in Limited, paving the way for the imminent…
Gift tax rules explained: Who can give you money or assets without tax implications?
Gifts received in the form of money, property, or assets are treated as income under the Income Tax Act. If the value of such gifts exceeds the prescribed threshold, they…
RBI imposes penalty on IIFL Finance
Mumbai: The Reserve Bank on Friday said it has imposed a penalty of Rs 3.1 lakh on for certain deficiencies in regulatory compliance. The penalty was imposed for non-compliance with…
Buying or selling property in India as an NRI? Here are the rules you should know
Non-Resident Indians (NRIs) can buy and sell property in India, but such transactions are governed by the Foreign Exchange Management Act (FEMA), Reserve Bank of India (RBI) regulations and income…
Market
Simple Energy attracts ₹126.7 crore investment from existing backers, founders
Simple Energy, the Bengaluru-based EV manufacturer, has raised ₹126.7 crore as part of a larger funding round. According to MCA filings accessed by businessline, the round will see participation from…
Broker’s call: Muthoot Finance (Buy)
IDBI Capital Target: ₹4,060 CMP: ₹3,313.05 delivered an exceptional FY26 performance, driven by strong gold loan demand, higher yields and sharp improvement in profitability. Consolidated AUM grew about 49 per…
SEBI clears 3 IPOs worth ₹1,200 crore
has cleared three initial public offerings to raise Rs 1,200 crore cumulatively. The three companies — Neolite ZKW Lightings, SS Retail and Aspri Spirits — filed their preliminary IPO papers…
Broker’s call: Bharti Hexacom (Reduce)
Emkay Global Target: ₹1,550 CMP: ₹1,563.40 reported in-line results, with 2.3 per cent QoQ revenue growth to ₹2,410 crore and 1 per cent q-o-q EBITDA growth to ₹1,270 crore. Revenue…
Market
Waaree Energies unit bags green hydrogen project in Karnataka
Waaree Clean Energy Solutions Private Ltd (WCES), a wholly owned subsidiary of Waaree Energies Ltd., has secured an order to develop a green hydrogen project at TMEIC Industrial Systems India’s…
Raghu Vamsi Machine Tools to set up aerospace & defence manufacturing facility in AP
Raghu Vamsi Machine Tools on Friday signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh, to establish a large-scale Aerospace &…
JioStar initiates legal measures against Zee entertainment for alleged unauthorised airing of Bollywood films: Report
Billionaire Mukesh Ambani’s Jiostar, the TV and online entertainment venture backed by Reliance and Walt Disney, has launched legal battle against Zee Entertainment, alleging that the broadcaster aired several Bollywood…
PVV Infra approves ₹50 crore preferential issue
PVV Infra, focused on Way Side Amenities and Renewable Energy Asset Development, plans to increase its authorised share capital to ₹170 crore from ₹120 crore to support future expansion and…
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