NEW DELHI: In a first, the Central Public Works Department (CPWD) may pick its chief from over two dozen engineering services, ranging from road and railway sectors to defence and border roads. Till now, only CPWD engineers were eligible for the post of director general (DG).The housing and urban affairs ministry has put a draft…
CHENNAI: Investments by private equity and venture capital firms fell by $1.2 billion in March 2024 to $1.8 billion across 64 deals, as against $3 billion in March 2023. The drop has bucked the trend of increase in investments by PE-VC firms in Jan-Feb this year as compared with the year-ago periods, Venture Intelligence data…
MUMBAI: Shapoorji Pallonji Group‘s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction IPO in at least a decade. The company, which the construction-to real-estate group acquired from ICICI Bank in the early 2000s, hopes to raise Rs 7,000 crore from…
MUMBAI: Backed by French luxury brand LVMH, global investment firm L Catterton on Thursday said that its Asia platform has formed a new India consumer-focused joint venture partnership with former Hindustan Unilever CEO Sanjiv Mehta to develop a new investment vehicle. Mehta will serve as its executive chairman of India, effective April 4, 2024. He…
Benchmark equity indices Sensex and Nifty ended the last day of trade of the 2023-24 fiscal on a bullish note on Thursday, driven by heavy buying in power, auto and banking stocks amid a positive trend in global markets. In the 2023-24 financial year, the BSE benchmark jumped 14,659.83 points or 24.85 per cent, and…
NEW DELHI: Mukesh Ambani‘s Reliance Industries has acquired a 26 per cent stake Gautam Adani’s power project in Madhya Pradesh. Reliance eyes to utilize 500 MW of electricity from the project for its captive use.The agreement involves Reliance purchasing 5 crore equity shares in Mahan Energen Ltd, a subsidiary of Adani Power Ltd. The deal,…
What is the T+0 settlement system? India’s stock market has introduced the T+0 settlement system from today, joining a select group of countries adopting a shorter trade settlement cycle. This is the world’s fastest stock settlement system. The implementation will begin with a ‘beta version’ to ensure a smooth transition before its full launch. We…
Stock market today: BSE Sensex and Nifty50, the Indian benchmark equity indices, opened in green on the last trading day of the fiscal year. Markets will be closed on account of Good Friday holiday on March 29. Source link
Good news for IT sector job seekers! Technology talent demand surged to a new high in February, sparking hopes of recovery in the IT services job market. In February, hiring mandates for IT professionals reached 124,000, a significant 50% increase from January and 33% higher than December, according to data from Xpheno, a staffing firm.However,…
Narayana Murthy’s big gift for grandson! Rohan Murty’s son Ekagrah, who is just four months old, has been given a gift worth crores by his grandfather. Billionaire NR Narayana Murthy has gifted his grandson 15 lakh Infosys shares valued at over Rs 240 crore.According to regulatory filings, 77-year-old Narayana Murthy has transferred 15 lakh shares,…
