Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals.
In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for "raising of funds in one or more tranches by way of a rights issue, further public offer, private placement including preferential allotment, qualified institutions placement or through any other permissible mode and/or combination".
KKR & Co is planning to invest a significant portion of its new $6.4 billion Asia-focused fund in the Indian infrastructure sector, including roads, highways, and renewables. The New York-based private equity major has already invested $3 billion in the Indian infrastructure space as part of its total $10 billion investment in the country.
The Asia Pacific Infrastructure Investors II Fund, which closed on February 1, has identified India, South Korea, Southeast Asia, Japan, Australia, and New Zealand for the deployment of funds.
Edtech giant Byju’s said that its Chief Executive Officer and founder Byju Raveendran will not attend the extraordinary general meeting (EGM) called by select investors on Friday, February 23, as it is invalid.
The current board of Byju's parent, Think and Learn, including Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran will also not attend the EGM. It is expected to be conducted virtually.
India's stock market will surge to new highs by the end of June and gain nearly 9 per cent in 2024, despite already lofty valuations, according to analysts polled by Reuters, who said a correction in the next three months was unlikely.
The BSE Sensex index, closely tracking the US S&P 500 index, climbed nearly 19 per cent last year on expectations global central banks will cut interest rates in 2024 and India's economic growth will outpace its peers.
The Ministry of Heavy Industries has achieved 79 per cent of its revised target for the number of electric vehicles (EVs) — in two-, three-, and four-wheelers — that it had to support under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India II (FAME II) as of February 18 (including vehicles under processing for subsidy).
The revised number of vehicles across the three segments was pegged at 1.73 million in the five years of the scheme (previously 1.5 million) which ends on March 31.
The Enforcement Directorate (ED) has requested the Bureau of Immigration (BOI) to issue a revised look-out circular (LOC) against Byju Raveendran, the founder and CEO of the troubled edtech firm Byju's, as per a report by Economic Times. The central agency approached BOI earlier this month, seeking to ensure that Raveendran remains within the country.
An LOC 'on intimation' had previously been issued against Raveendran more than a year and a half ago, following a request from the ED's Kochi office.
A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools aim to launch its first ChatGPT-style service next month, a big step in the country’s ambitions to become a player in the field of artificial intelligence.
The BharatGPT group, encompassing an arm of India’s most valuable company and eight affiliated universities, offered a sneak peek of the large language model Tuesday during a technology conference in Mumbai.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple’s App Store.
The Indus Appstore is PhonePe's attempt at creating a more competitive and localized mobile app store economy for India, which is already the world’s largest market for mobile apps.
Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday refuted the report which said that the Securities and Exchange Board of India (Sebi) has found that about Rs 2,000 crore may have been diverted from the company.
"Reports and rumours pertaining to accounting issues in co. are 'incorrect and false'," the company said as reported by news agency Reuters. "We are in the process of providing all comments requested by Sebi and has extended complete cooperation on all aspects."
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