Latest News, Updates & Breaking Headlines
India’s pharmaceutical and healthcare industry is preparing for a significant wave of fundraising, with companies expected to raise Rs 12,000-13,000 crore through initial public offerings (IPOs) in the next six to nine months.According to ET, around 15 firms are likely to enter the primary market shortly. The Securities and Exchange Board of India (Sebi) has…
Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are under the scanner of Mumbai Police in connection with a major fraud case. The Economic Offences Wing (EOW) is investigating allegations of a Rs 60 crore fraud, and recent findings have brought Shilpa Shetty’s company into focus. Police sources reveal Rs 15 crore transfer…
Navratri, GST cuts spark festive shopping boom India witnessed an unprecedented rise in digital transactions as the Navratri festival season coincided with the biggest GST cuts on high-value consumer items. According to RBI data, total electronic payments soared to Rs 11.31 lakh crore on Monday, nearly 10 times the Rs 1.18 lakh crore recorded the…
Karisma Kapoor’s children, Samaira and Kiaan, are fighting a legal battle against Priya Kapur over their father, late Sunjay Kapur’s estate. The family dispute over the massive estate reportedly worth around Rs 30,000 crore has taken a new turn in the Delhi High Court. The court has raised doubts over widow Priya Sachdev Kapur’s request…
MUMBAI: Walmart’s PhonePe has filed draft IPO papers though Sebi’s confidential route, gearing up for a potential $1.2-1.3 billion (Rs 10,000-12,000 crore) listing early next year.The IPO which has been in the works for some time will be an offer for sale (OFS) meant to give exit to investors. PhonePe’s investors Tiger Global and Microsoft…
Pawan Kalyan’s ‘They Call Him OG’ is creating box office history. The film’s premiere collections have surpassed all previous records in India. It earned over Rs 23 crore in previews alone. The film has beaten records set by ‘Pushpa 2’, ‘Stree 2’, and ‘Chennai Express’. North America is also witnessing the Pawan Kalyan wave. Pawan…
NEW DELHI: The largest contract for 97 Tejas Mark-1A fi-ghters, worth Rs 66,500 crore, is all set to be inked with Hindustan Aeronautics Limited, though IAF is yet to get even the first such ‘improved’ jet of the 83 ordered earlier for Rs 46,898 crore in Feb 2021.The mega 97-jet contract for the fourth-generation Tejas…
NEW DELHI: Aiming to position India among the global shipbuilding elite, the govt Wednesday approved an umbrella package involving nearly Rs 70,000 crore in investment in the maritime sector, currently dominated by China, South Korea and Japan. Shipping ministry officials said this marks the most significant reform in the sector since Independence.Announcing the decision, I&B…
NEW DELHI: India’s medical education system is set for its biggest expansion yet, with the Cabinet on Wednesday approving the creation of 5,000 new postgraduate seats and 5,023 MBBS seats in govt institutions. It also cleared the Department of Scientific and Industrial Research’s (DSIR) Capacity Building and Human Resource Development scheme with an outlay of…
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the doubling of the 104 km Bakhtiyarpur–Rajgir–Tilaiya railway line in Bihar at an estimated cost of Rs 2,192 crore.The project will expand the Indian Railways network across four districts and improve connectivity to important destinations such as Rajgir, Nalanda and…
