The investment, comprising equity shares and warrants, is valued at Rs 18,268 crore, or approximately USD 1.9 billion, according to the companies. The transaction will be carried out through a preferential allotment of equity shares and warrants.
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The Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its monthly oil market report released on Wednesday. The International Energy Agency also lowered its outlook on Wednesday,…
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Godrej Consumer Products has appointed Aasif Malbari as its new MD and CEO. Malbari, previously the global CFO, replaces Sudhir Sitapati in this surprise move. Analysts suggest this change aims to improve margins and shareholder returns. Malbari’s experience includes transforming…
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RK Forgings is targeting a massive Rs 10,000 crore revenue by FY30, projecting 15-20% yearly volume growth. With recovering exports and expansion into railways and domestic non-auto sectors, phased capacity additions and manufacturing investments will fuel this ambitious plan, alongside…
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Central Bank of India has successfully mobilized $250 million under the RBI’s FCNR-B window, surpassing its internal target of $100 million for July. The bank raised these funds through its GIFT City branch and aims for $400 million by September.…
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India’s retail inflation, based on the new Consumer Price Index (CPI) series, edged up to 4.45 per cent in July, compared to the same month of the previous year, according to data released by the Ministry of Statistics on Wednesday.
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