As on date, CaratLane is a subsidiary of the Company wherein the Company hold 99.64% of the total paid up capital of CaratLane. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly owned subsidiary of the Company.
Posts in category Business Standard
GE T&D India wins orders of Rs 370 cr from Power Grid (27-02-2024)
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Nifty February futures trade at discount (27-02-2024)
HDFC Bank, ICICI Bank and Reliance Industries were the top contracts
PVR Inox reopens iconic Sangam Cinema in Andheri East, Mumbai (27-02-2024)
The new multiplex augments PVR INOX presence in Mumbai with 25 properties and 123 screens.
‘Single manager for commodity, overseas funds to cut costs for MFs’ (27-02-2024)
Markets regulator Sebi’s proposal of allowing mutual fund houses to have a single fund manager to oversee commodity and foreign investments is aimed at reducing the cost of managing the fund, a top official of Anand Rathi Wealth said on Tuesday.
Sebi, on Friday, came out with a consultation paper proposing measures to support ease of doing business for Mutual Funds (MFs).
In the draft paper, the regulator suggested appointing a single fund manager for domestic and overseas/commodity funds, relaxation of nomination requirement for joint holders and streamlining of prudential norms for passive schemes with respect to exposure to a single issuer within the AMC’s group companies.
This came after the Finance Minister in the FY24 Budget made an announcement to simplify, ease and reduce cost of compliance for participants in the financial sector through a consultative approach.
“The appointment of a single fund manager for domestic and overseas/commodity funds is intended to reduce the co
BCCI selects Angel One as Associate Partner for IPL (27-02-2024)
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Quick Wrap: Nifty Realty Index rises 1.07% (27-02-2024)
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Infosys launches Infosys Topaz Responsible AI Suite (27-02-2024)
The rise of powerful generative AI systems in the past year has raised several concerns and conversations around the ethical dimensions of AI. According to the Infosys Generative AI Radar, by Infosys Knowledge
Institute, enterprises worldwide are identifying data privacy, security, ethics, and bias as the primary challenges in their pursuit of innovation with AI. The Responsible AI Suite is designed to help enterprises
balance innovation with ethical considerations, such bias and privacy prevention, and maximize their return on investments.
RK Swamy to launch Rs 173 cr IPO, OFS of 8.7 mn equity shares on Mar 4 (27-02-2024)
Integrated marketing services firm RK Swamy Ltd is set to float its initial public offering on March 4.
The initial share sale will conclude on March 6 and the bidding for anchor investors will open for a day on March 1, according to the Red Herring Prospectus (RHP).
The company’s proposed Initial Public Offering (IPO) comprises a fresh issue of shares aggregating up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares by selling shareholders, according to the Draft Red Herring Prospectus (DRHP).
Those offering shares in the OFS are Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund L.P, and Prem Marketing Ventures LLP. RK Swamy Ltd.
Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes.
Also, funds would be utilised for investment in the IT infrastructure
Board of Indostar Capital Finance approves preferential issue of convertible warrants (27-02-2024)
At meeting held on 27 February 2024