CATEGORIES

Credila files IPO papers

ADANI GREEN ENERGY on Saturday incorporated a new wholly owned subsidiary Adani Green Energy Sixty Eight Limited. The authorised capital and paid-up capital of AGE68L is kept at ₹1,00,000. \"Adani Renewable Energy Holding Nine Limited, a wholly-owned subsidiary of the company, has incorporated a wholly-owned subsidiary, namely, Adani Green Energy Sixty Eight Limited on December 28, 2024,\" the company said in an exchange filing. The main objective of AGE68L is to generate, develop, transform, distribute, transmit, sell and supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy. Adani Renewable Energy Holding Nine Limited, a wholly owned subsidiary of the company, holds 100% share capital of AGE68L. AGE68L is incorporated in India and registered with the Registrar of Companies, Gujarat, at Ahmedabad and is yet to commence its business operations, the filing said.

Scindia, FM Talk India Post's Path for Profit

COMMUNICATIONS MINISTER JYOTIRADITYA Scindia has met finance minister Nirmala Sitharaman to discuss India Post's path to profitability, an official release said on Saturday.

Reliance buys Karkinos Healthcare for ₹375 cr

BILLIONAIRE MUKESH AMBANI'S Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for ₹375 crore, the firm said.

Tax Officials Initiate Inspection of M&M Records in Chennai

MAHINDRA & MAHINDRA on Saturday said state tax authorities in Tamil Nadu initiated an inspection of records at one of the places of its business operations in Chennai.

Zydus Wellness arm gets ₹56.33-cr GST demand

ZYDUS WELLNESS on Saturday said its wholly-owned arm has received a GST demand of ₹56.33 crore, along with applicable interest and penalty from the tax authority.

India to toast new year on a cocktail high

India, consumers are now embracing bold, vibrant flavours, with fruity (66%), sweet (53%), and spicy (50%) cocktails leading the way for the next 12 months, as per the cocktail trends report.

Punjab Farmers Call for Kisan Mahapanchayat on January 4

FARMERS, ON A warpath against the Centre, on Saturday called for a \"Kisan Mahapanchayat\" at the Khanauri protest site on January 4.

Heavy Snowfall Throws Life Out Of Gear In J&K

Cold Wave Grips Entire North India

Hundreds line up to bid adieu to Dr Singh

● King to envoys to workers pay tribute to ex-PM

Relief for Vi; DoT waives bank guarantee

VODAFONE IDEA HAS been granted waiver of bank guarantee for spectrum auctions held in 2012, 2014, 2016, and 2021, the telco informed the exchanges on Saturday.

Retail investors pump in ₹1.5 L cr into cash market

IN LINE WITH domestic institutional investors, retail investors also pumped in a record ₹1.55 lakh crore into the cash market during January-November, as per NSE data.

Smart Cities Mission: School enrolment up 22%

STEPS TAKEN UNDER the Smart Cities Mission have led to a 22% increase in school enrolment in 19 cities and improved real-time tracking of criminal activities, according to two studies by the Indian Institute of Management, Bangalore.

South steals the spotlight

Hits from Hindi film industry in post-Covid era have been fewer and far between

Does India want BGT win or Rohit back in form?

In case openers KL Rahul or Yashasvi Jaiswal had been struggling, Rohit's elevation would have made sense. But with his form, the change of batting order wasn't really warranted

Byju Raveendran: From boom to bust

BY EARLY 2024, these issues culminated in severe consequences.

UltraTech to buy stake in Star Cement

BOTH THE PLAYERS are snapping up small cement players to consolidate their positions and achieve their targeted growth ahead of time.

IIFL Home Finance expects 15% AUM growth in FY25

Looking at stock market listing, but no timeline yet

Jewellery units lose sheen on weak Rupee

The demand in East Asia, however, has been tepid.

US airline stocks beat market

A RECORD YEAR FOR travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025.

Nissan shares decline most since August

NISSAN MOTOR'S SHARES declined the most since August's market rout, amid volatility as investor focus shifts to the terms of the carmaker's planned deal with Honda Motors.

Squid Game stocks tank

A LESS-THAN-PERFECT debut for the new season of Netflix's blockbuster series

Richard Parsons, who rescued Time Warner, Citigroup, dies

RICHARD PARSONS, THE executive dubbed \"Captain Emergency\" for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup and Dime Savings Bank of New York, has died. He was 76.

Russia warns Trump against resumption of nuclear testing

RUSSIA'S POINT MAN for arms control cautioned Donald Trump's incoming administration on Friday against resuming nuclear testing, saying Moscow would keep its own options open amid what he said was Washington's \"extremely hostile\" stance.

Japan's Cabinet gives nod to record budget

JAPAN'S CABINET APPROVED a record ¥115.5 trillion ($732 billion) budget for the fiscal year starting April 2025, setting up the minority government of Prime Minister Shigeru Ishiba for a key test of its longevity in getting the proposal approved by parliament.

S Korea Impeaches Acting President

SOUTH KOREA'S PARLIAMENT impeached acting President Han Duck-soo on Friday, less than two weeks after suspending President Yoon Suk Yeol's powers over his short-lived declaration of martial law, plunging the country deeper into political chaos.

Slovakia Could Host Peace Talks With Ukraine: Putin

RUSSIAN PRESIDENT VLADIMIR Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

Probe Against Netanyahu's Wife

ISRAEL'S ATTORNEY GENERAL Gali Baharav-Miara instructed the police to investigate following allegations made by a television program against Prime Minister Benjamin Netanyahu's wife, according to a statement from the Justice Ministry.

Another Stellar Year Likely for IPOs

Strong valuations, investor demand to push primary market

Govt to borrow ₹4L cr from market via T-bills

The government is set to borrow ₹3.94 lakh crore from the market via treasury bills (T-bills), the Reserve Bank of India (RBI) said in a press release.

Bond yields inch higher

THE GOVERNMENT BOND yields ended marginally higher to wrap up the week, tracking a sharp down-move in the local currency that weighed on overall investor appetite, while a $3.75 billion debt auction on Friday added to supply.