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Amid India vs Bharat row, Blue Dart rebrands premium service as Bharat Plus

Amid India vs Bharat row, Blue Dart rebrands premium service as Bharat Plus

Logistics firm Blue Dart has rebranded its premium service in India from Dart Plus to Bharat Plus, it said in a BSE filing on Wednesday. The company said that the move underlines its "unwavering commitment to serve the diverse needs of Bharat".

Blue Dart stated in the release that the decision to rebrand this service stems from an extensive discovery and research process aimed at aligning itself to the evolving needs of its customers. "Bharat Dart is poised to refine express logistics services in Bharat, offering unmatched speed, coverage, and business of all sizes, " the logistics firm said.

GMR Power wins new contract for smart meters; stock hits 10% upper limit

GMR Power wins new contract for smart meters; stock hits 10% upper limit

Shares of GMR Power and Urban Infra were locked in the 10 per cent upper circuit at Rs 36.59 on the BSE in Wednesday's intra-day trades as of 11:39 AM; after the GMR Group received Letter of Intent (LOA) for a smart metering project worth of Rs 2,470 crore from Dakshinanchal Vidyut Vitran Nigam Limited.

A combined 15.67 million equity shares changed hands and there were pending buy orders for 1.5 million shares on the NSE and BSE.

Two Adani firms among top five large-cap stocks bought by MFs in August

Two Adani firms among top five large-cap stocks bought by MFs in August

Two Adani group stocks were among the top five large-cap stocks bought by mutual funds in August 2023.

A total of 61 lakh shares of Adani Power were bought in August as opposed to 17 lakh shares in July 2023, according to ICICI Securities.

Twenty-two lakh shares of Adani Energy were bought in August, up from 16 lakh in July 2023.

11 killed, 15 injured in road accident in Rajasthan's Bharatpur: Police

11 killed, 15 injured in road accident in Rajasthan's Bharatpur: Police

Eleven people from Gujarat were killed and at least 15 injured when a trailer rammed into their bus from behind in Rajasthan's Bharatpur district early on Wednesday, police said.

The bus was on its way from Gujarat to Mathura in Uttar Pradesh when the accident occurred around 4.30 am, they said.

Apple to sell Made-in-India iPhones on launch day for the first time

Apple to sell Made-in-India iPhones on launch day for the first time

For the first time, the new iPhone model you buy on the launch day could be made in India.

Apple Inc. plans to make the India-built iPhone 15 available in the South Asian country and some other regions on the global sales debut day, people familiar with the matter said. While the vast majority of iPhone 15s will come from China, that would be the first time a latest generation, India-assembled device is available on the first day of sale, they said, asking not to be identified as the matter is private.

IDFC First Bank's MD and CEO V Vaidyanathan to raise stake in bank

IDFC First Bank's MD and CEO V Vaidyanathan to raise stake in bank

IDFC First Bank on Monday said GQG Partners acquired its 50.7 million shares from Managing Director (MD) and Chief Executive Officer (CEO) V Vaidyanathan via a block deal.

Vaidyanathan will use part of the deal’s proceeds to subscribe to the bank’s fresh shares by exercising stock options. His stake in the bank, which was 0.54 per cent at the end of June, will now go up to 1.23 per cent.

Tata Power's Tamil Nadu solar cell unit gets $425 mn from US govt agency

Tata Power's Tamil Nadu solar cell unit gets $425 mn from US govt agency

The American government’s development finance institution has approved investing up to $425 million in TP Solar, a subsidiary of Tata Power Renewable Energy (TPREL), for the Indian firm’s greenfield solar cell plant in Tirunelveli district of Tamil Nadu.

The 4.3 gigawatt (GW) plant’s first module production is expected by this year’s end. TPREL is a subsidiary of Tata Power, one of India’s largest integrated power companies.

L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200

L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200

Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share.

At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.

Elon Musk's Starlink may soon get a licence to start its services in India

Elon Musk's Starlink may soon get a licence to start its services in India

Elon Musk's Starlink may get a nod to start its service in India from the telecom ministry, The Times of India (TOI) reported on Tuesday. The satellite company has been stuck with the home ministry over security reasons for months now.

The ministry is expected to hold a meeting later this month to discuss the proposal of Starlink for a global mobile personal communication by satellite (GMPCS) services license, and it is likely to be passed, a source was quoted as saying in the report. However, some last-minute hiccups cannot be ruled out.

KKR set to invest over Rs 2k cr in Reliance Retail to raise stake to 1.42%

KKR set to invest over Rs 2k cr in Reliance Retail to raise stake to 1.42%

Private equity firm KKR is set to invest an additional Rs 2,069.5 crore in Reliance Retail Ventures (RRVL) through an affiliate, securing a 0.25 per cent stake on a fully diluted basis.

This investment places RRVL’s pre-money equity value at Rs 8.36 trillion, positioning it among the top four companies in the country by equity value, said the company in its release.

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