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Best Air Purifiers under Rs 5000 for clean air
Finding the best air purifier under Rs 5000 can significantly enhance your home’s air quality without breaking the bank. This guide highlights top-rated models equipped with HEPA filters and multiple purification stages. These affordable purifiers efficiently remove harmful particles, such as allergens, dust, and bacteria, ensuring clean air for your family. Whether you're living in a city with high pollution levels or just want to maintain better indoor air quality, these devices are perfect for small to medium-sized rooms.
SpiceJet shareholders approve Rs 3,000 cr fund raising plan
In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore.
Interarch Building Products Q1 net profit up 5 pc to Rs 20.3 cr
Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period.
Bajaj Housing Finance finds place in history books after getting bids worth Rs 3.2 lk cr
The ₹6,560 crore IPO of Bajaj Housing Finance set records with 64 times subscription on the final bidding day, attracting bids worth nearly ₹3.23 lakh crore. This surpassed Coal India's previous record of ₹2.36 lakh crore in 2010. The IPO also received 8.9 million applications, breaking Tata Technologies' record.
IndusInd Intl to raise Rs 3,000 cr via NCDs to fund Reliance Capital buyout
IndusInd International Holdings plans to raise ₹3,000 crore through non-convertible debentures to finance its acquisition of Reliance Capital. The NCDs will be zero-coupon, senior secured, and redeemable, maturing in 2028. The Hinduja Group aims to raise a total debt of ₹7,300 crore for the acquisition, with part of it from private credit funds.
Arkade Developers' Rs 410-cr IPO to open on Sep 16; sets price band at Rs 121-128/share
Proceeds from the issue will be used for development of the company's ongoing as well as upcoming projects; and funding acquisition of future real estate projects and general corporate purposes.
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Spicejet plans to raise over Rs 3,200 cr via debt, equity
Cash-strapped domestic carrier Spicejet plans to raise over Rs 3,200 crore through various debt and equity instruments and capital infusion by the promoter, the airline said in a corporate presentation.
Max Financial Services' promoter sells 3.18% stake for Rs 1,218 crore
Max Ventures Investment Holdings, a promoter entity of Max Financial Services, on Thursday divested a 3.18 per cent stake in the company for Rs 1,218 crore through an open market transaction. Analjit Singh-promoted Max Financial Services Ltd (MFSL), a part of the Max Group, is the holding company for Max Life Insurance.
Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play
Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola.
Merged Star India-Viacom18 to be cash rich by over Rs 19,000 crore
As per the agreement with Walt Disney, RIL will inject ₹11,500 crore into Star-Viacom18, gaining a controlling 56% stake. Walt Disney will hold a 37% stake, with the remaining 7% owned by Uday Shankar and James Murdoch's Bodhi Tree Systems.
Manmad-Indore railway line, key to Pithampura Industrial Area, approved by Cabinet for Rs 18,000 cr
The Union Cabinet led by Prime Minister Narendra Modi has approved the Manmad-Indore 309 km railway line at a cost of Rs 18,036 crore. This project will enhance connectivity in Maharashtra and Madhya Pradesh, benefiting industrial zones, agricultural areas, religious sites, and tribal regions. The line aims to better integrate remote areas into the national economy.
Rs 2000 notes: 97.96% returned; Rs 7,261 cr worth notes still with public
The Reserve Bank of India (RBI) announced that 97.96% of the Rs 2000 notes have returned to the banking system, with only Rs 7,261 crore still with the public. The withdrawal of Rs 2000 notes was announced on May 19, 2023, and facilities for deposit and exchange were available until October 7, 2023.
Karan Johar leases duplex in Mumbai’s Pali Hill with total rent of Rs 3.06 cr
Karan Johar, a prominent Bollywood figure, has signed a 3-year lease for a duplex apartment in Mumbai's exclusive Bandra west area. The monthly rent for the apartment in Pali Hill’s Union Park will start at Rs 8.10 lakh and increase to Rs 8.93 lakh by the third year. The total cost over 36 months will exceed Rs 3.06 crore. This mirrors the strong demand for luxury rentals in the city's prime locations.
Jharkhand cabinet nod to waive power dues of Rs 3,584 cr of 39.44 lakh consumers
The Jharkhand government has decided to waive Rs 3,584 crore in power dues for 39.44 lakh consumers under the 200-unit free electricity scheme. This decision, made during a cabinet meeting led by Chief Minister Hemant Soren, aims to ease financial burdens. Other measures include an ex gratia payment and government jobs for Agniveer soldiers' families, and extended remuneration for anganwadi workers.
LIC hands over Rs 3,662 cr dividend cheque to govt
LIC also paid an interim dividend of Rs 2,441.45 crore on March 1, 2024, thus totaling Rs 6,103.62 crore dividend paid to the Centre for the year 2023-24. LIC, which completed 68 years since its incorporation, has an asset base of over Rs 52.85 lakh crore.
CK Birla group firm Birla Fertility & IVF to invest Rs 500 cr in next 2-3 years
Birla Fertility & IVF plans to invest Rs 500 crore over the next 2-3 years to expand its presence in southern India. The company aims to establish 10-12 new centres and recently acquired BabyScience and ARMC IVF clinics, increasing its network to 50 clinics and bolstering its reach in Tier II and Tier III cities.
Adani Group to invest Rs 3,500 cr in 2 projects in Madhya Pradesh
The Adani Group will invest `3,500 crore in Madhya Pradesh to establish a cement grinding unit in Guna and a propellant production plant in Shivpuri. These projects are expected to create over 3,500 jobs. The conglomerate has already invested more than `18,000 crore across various sectors in the state.
Industry conclave: MP govt attracts Rs 8k cr investment; Adani Group to invest Rs 3,500 cr
Addressing the conclave, Madhya Pradesh Chief Minister Mohan Yadav outlined the government's vision and initiatives to promote investment, innovation, and sustainable development in the state. He said, "Under the leadership of Prime Minister Narendra Modi, India is the fifth largest economy in the world. At the same time, we are moving towards becoming the third largest economy in the world".
Cabinet nod to 3 railway projects worth Rs 6,456 cr
On Wednesday, the Union Cabinet approved three railway projects valued at Rs 6,456 crore. These projects, spanning Odisha, Jharkhand, West Bengal, and Chhattisgarh, will expand the Indian Railways network by approximately 300 kilometers. They include the construction of 14 new stations and will improve connectivity for about 1,300 villages and over 30 lakh people.
Suraksha Group puts Rs 250 cr in Jaypee Infratech, gets Rs 3K cr loan facility to complete 20K flats
Suraksha Group invested Rs 250 crore in Jaypee Infratech and arranged a Rs 3,000 crore loan following its acquisition. With Rs 1,250 crore in funds, the group aims to complete 20,000 unfinished flats in Delhi NCR, accelerating construction activities and awarding contracts to various companies.
Kotak Mahindra Group backed Phoenix ARC puts Rs 3,550 cr loans on sale
Phoenix ARC, supported by Kotak Mahindra Group, has sought buyers for over Rs 3,550 crore in non-performing assets, split between secured and unsecured loans. Expressions of interest were due by August 26, followed by a Swiss auction on October 21. BOB Capital Markets is advising Phoenix on the deal.
Vedanta estimated to have raised Rs 3,200 cr from HZL OFS
Vedanta will utilise the proceeds generated from the OFS for deleveraging its balance sheet and investment in its growth projects. This, coupled with the Rs 8,500 crore qualified institutional placement, will help bring down debt at the company as well as at the group level.
MoUs of Rs 5 lakh cr signed in 2 years by Maharashtra will create 2.5 lakh jobs: CM Shinde
Maharashtra Chief Minister Eknath Shinde stated that Rs 5 lakh crore in MoUs were signed in the last two years, creating 2.5 lakh jobs. He emphasized Maharashtra’s pivotal role in achieving a developed India and highlighted key initiatives in agriculture, education, health, and infrastructure. This was his last Independence Day address before upcoming elections.
Ipca Labs Q1 Results: Net profit up 18% at Rs 192 crore
Revenue from operations rose to Rs 2,093 crore for the April-June quarter, as compared to Rs 1,585 crore in the year-ago period, Ipca Laboratories said in a regulatory filing.
SBI aims to sell its Yes Bank stake worth Rs 18,420 cr by end-March
State Bank of India (SBI) plans to sell its 24% stake in Yes Bank, worth $2.2 billion, by March. Japanese Sumitomo Mitsui and Dubai's Emirates NBD are vying for a majority stake. The Reserve Bank of India has verbally approved the deal, with regulatory and due diligence discussions ongoing.
Cabinet approves 3 cr new houses worth Rs 3,60,000 cr under PM-Awas Urban 2.0
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the Pradhan Mantri Awas Yojana-Urban 2.0 Scheme, which aims to construct three crore new houses at a cost of ₹3,60,000 crore. This scheme will provide two crore houses in rural areas and one crore in urban areas, continuing the significant impact of the original Pradhan Mantri Awas Yojana.
J Kumar Infra projects Q1 Results: PAT jumps 19% YoY to Rs 86 crore
Construction and infrastructure development company J Kumar Infra projects Ltd on Tuesday reported a 18.6 per cent rise in consolidated profit after tax (PAT) at Rs 86.41 crore for the quarter ended June 30, 2024.
Toyota to set up manufacturing plant in Maharashtra; likely to invest Rs 20,000 cr
Toyota Kirloskar Motor will invest around Rs 20,000 crore to set up a new manufacturing plant in Maharashtra. The company signed an MoU with the state government to explore a greenfield facility at Chhatrapati Sambhaji Nagar. This expansion is expected to boost job creation and economic growth in the region.
Hathway Q1 Results: Net profit declines 18% YoY to Rs 18.3 crore, revenue at Rs 502.6 crore
Hathway Cable & Datacom Ltd -- provider of cable and internet services -- on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter. The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group.
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