Move follows market regulator’s interim findings in the alleged Rs 15.15 lakh crore revenue misstatement case; audit regulator may independently examine the role of the company’s statutory auditors, according to people aware of the development.
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Sky Gold and Diamonds aims for a threefold revenue jump to Rs 18,000-19,000 crore by FY30. The company plans to achieve this by expanding its advance gold model, boosting exports, and diversifying its product range. Sky Gold also expects to…
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Foreign portfolio investors are actively investing in Indian government bonds. This surge follows a tax exemption on interest and capital gains for investments made under the Fully Accessible Route. These measures aim to attract foreign capital and strengthen India’s position…
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State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.’s $12 billion acquisition of Organon & Co. This move marks a significant step for government-run banks in financing corporate takeovers. SBI will…
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Vedanta Resources is preparing to refinance 5.2 billion US dollars in bonds and loans. This move aims to reduce borrowing costs following recent credit rating upgrades. The company has engaged eight major banks for this significant financial transaction. The refinancing…
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OpenAI, the creator of ChatGPT, has confidentially filed for a US IPO, reportedly targeting a valuation of up to $1 trillion. This move follows a legal victory and places OpenAI alongside rivals Anthropic and SpaceX in a surge of AI…
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