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Vodafone Idea zooms 10% amid report of Rs 14,000-crore fund raise plan

Vodafone Idea zooms 10% amid report of Rs 14,000-crore fund raise plan

Shares of Vodafone Idea leaped 10 per cent to Rs 8.48 apiece on the BSE in Wednesday's intra-day deals amid reports that promoters are planning to infuse funds in the debt laden telecom company.

At 9:53 AM, shares of the telecom services provider were ruling 5.6 per cent higher at Rs 8.14 per share as against 0.18 per cent dip in the benchmark S&P BSE Sensex. A combined 210.73 million shares had changed hands on the counter on NSE and BSE till the time of writing of this report.

Cummins India receives CPCB IV+ norm compliance certification from ARAI

Cummins India receives CPCB IV+ norm compliance certification from ARAI

Cummins India Ltd has received its CPCB IV+ compliance certification from the Automotive Research Association of India (ARAI) effective from July 1.

The certification shows that the company can provide its customers with various CPCB IV+ emission norms-compliant gensets.

National SC Commission serves notice to Zomato over 'casteist' ad

National SC Commission serves notice to Zomato over 'casteist' ad

The National Commission For Scheduled Castes has served a notice to online food delivery aggregator Zomato for portraying a Dalit character in one of its ad campaigns for World Environment Day, a report by NDTV said.

A government panel has now announced that it will investigate the matter and has also issued a notice to Zomato founder Deepinder Goyal, the report said.

Airtel, Jio target Vi's postpaid users with competitive int'l packages

Airtel, Jio target Vi's postpaid users with competitive int'l packages

Bharti Airtel and Reliance Jio are competing for Vodafone Idea’s postpaid customer base in the international roaming services sector.

Vodafone Idea, also known as Vi, has been facing financial troubles and striving to retain its customers. According to data released by the Telecom Regulatory Authority of India (Trai), Vi lost 1.21 million wireless users during the month of March and its mobile subscriber base decreased to 236.7 million in March from 237.9 million in the previous month.

Zee board to review Sebi order on Subhash Chandra and CEO Punit Goenka

Zee board to review Sebi order on Subhash Chandra and CEO Punit Goenka

A day after market regulator Sebi barred Zee promoters Subhash Chandra and CEO Punit Goenka from holding key positions, Zee Entertainment Chairman R Gopalan said the board was reviewing the order.

"The Board is currently in the process of reviewing the detailed order, and appropriate legal advice is being sought in order to take the next steps as required.

Ex-Twitter CEO Dorsey alleges pressure from India, Center denies claims

Ex-Twitter CEO Dorsey alleges pressure from India, Center denies claims

In an interview with a YouTube channel, former Twitter chief executive officer (CEO) Jack Dorsey claimed that India had put pressure on the micro-blogging platform, including giving threats of winding it down and conducting raids on employees' homes if it refused to take action against certain accounts during the 2021 farmers' protest. The Centre has denied these allegations.

During an interview with Breaking Points late on Monday, Dorsey said that the threats came as Twitter refused to comply with the government's demands to block accounts during the farmers' protests in early 2021.

Gold price dips Rs 100 to Rs 60,450, silver falls Rs 200 to Rs 74,300

Gold price dips Rs 100 to Rs 60,450, silver falls Rs 200 to Rs 74,300

Gold price fell Rs 100 in Tuesday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,450, according to the GoodReturns website. Silver price dipped Rs 200, with 1 kg of the precious metal selling at Rs 74,300.

The price of ten grams of 22-carat gold declined Rs 100 to Rs 55,400.

Sekhmet Pharmaventures, Nirma in race to acquire Glenmark's API business

Sekhmet Pharmaventures, Nirma in race to acquire Glenmark's API business

Sekhmet Pharmaventures has joined the race to acquire BSE-listed Glenmark Life Sciences (GLS) as promoter Glenn Saldanha is looking to reduce the company's debt load, The Economic Times (ET) reported on Monday. Ahmedabad-based Nirma Group is already in the fray. Glenmark Pharmaceuticals Ltd owns an 82.8 per cent stake in GLS.

Backed by private equity firms PAG, CX Partners, and Samara Capital, Sekhmet is a firm which specialises in active pharma ingredients (API). ChrysCapital, another India-focused private equity firm is also eyeing the chance to team up with limited partners GIC of Singapore and Canada’s CDPQ, the report said.

JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas

JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas

JSW Cement, a part of the $22 billion JSW Group, on Monday announced the signing of a Sustainability Linked Loan (SLL) agreement to raise Rs 400 crore ($50 million) from BNP Paribas Singapore. This is JSW Cement's second green debt capital raised within one year taking its SLL-based green funding to Rs 800 crore ($100 million).

In October last year, the company had signed another SLL agreement of Rs 400 crore with Japan's Mitsubishi UFJ Financial Group (MUFG).

Colliers appoints Ramaiy Kapoor as MD for its data centre business in India

Colliers appoints Ramaiy Kapoor as MD for its data centre business in India

Commercial real estate company Colliers today announced the appointment of Ramaiy Kapoor as the managing director for Data Center for its India business. This comes at a time when the company has been increasing its focus on the data centre business in the country.

Kapoor has joined Collies from CapitaLand, where he was heading the investment and commercials division for their India Data Center business.

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