Using a series of fraudulent trading apps, which were available for download on both the Google Play Store and Apple’s App Store, hackers have duped thousands of people
Posts in category Business Standard
Dev Accelerator plans Rs 125 cr IPO amid high demand for office spaces (05-10-2024)
Dev Accelerator Ltd, which provides flexible office spaces, has filed a draft document with Sebi to launch its initial public offering (IPO) to raise around Rs 125 crore.
Dev Accelerator (DevX) is promoted by listed entity Dev Information Technology Ltd.
DevX’s IPO is entirely a fresh issue of 2.47 crore equity shares (face value of Rs 2), with plans to list on both the NSE and BSE. The company proposes to utilise Rs 68.95 crore for “fit-outs” in the new centres and their security deposits.
It proposes to use Rs 30 crore towards repayment and/or prepayment (in full or in part) of certain borrowings, according to the draft red herring prospectus (DRHP) filed with markets regulator Sebi.
The remaining amount will be allocated for general corporate purposes, including strategic initiatives, strengthening marketing capabilities and brand building exercises, payment of lease liabilities, among others.
This capital infusion will enable DevX to expand its footprint in major cities, inclu
Lupin’s Pune-based biotech facility gets 5 observations from US FDA (05-10-2024)
Lupin said that the U.S. FDA has completed a pre-approval inspection of the company’s biotech facility located in Pune, India.
Board of Fusion Micro Finance approves rights issue of Rs 550 cr (05-10-2024)
At meeting held on 05 October 2024
Bharti Airtel deploys additional spectrum in Jammu-Kashmir & Leh Ladakh (05-10-2024)
The deployment of additional spectrum is now complete and as a result customers across Jammu, Srinagar & Leh Ladakh etc. will enjoy an elevated quality of service both on voice and data. The deployment will
also allow Airtel to offer wider coverage along the highways and rail routes as well as increase its footprint in rural areas as the demand for connectivity continues to rise exponentially.
CARE reaffirms ratings on bank facilities of PNC Infratech’s subsidiaries (05-10-2024)
Hardoi Highways (Rs 443 crore) – CARE A; Stable
Akkalkot Highways (Rs 811.50 crore) – CARE A; Stable
Sonauli Gorakhpur Highways (Rs 757 crore) – CARE A; Stable
CG Power & Industrial Solutions to acquire radio frequency components biz of Renesas (05-10-2024)
CG Power & Industrial Solutions announced that the Company has entered into a definitive agreement for the acquisition of the Radio Frequency (RF) components business of Renesas Electronics Corporation (Renesas), a premier supplier of advanced semiconductor solutions. Towards this, an asset purchase agreement for the business was executed on 4 October 2024 between the company and Renesas Electronics America Inc., a subsidiary of Renesas, and other affiliated entities of Renesas, that have assets in the RF components business. The said business will be acquired by entities that will be established by CG, post completion of customary conditions and applicable regulatory approvals.
Aurobindo Pharma’s step down subsidiary to divest its entire stake in JV ‘Novagen’ (05-10-2024)
Powered by Capital Market – Live News
Aurobindo Pharma’s step down subsidiary to divest its entire stake in a South African JV (05-10-2024)
Powered by Capital Market – Live News
Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25 (05-10-2024)
Macrotech Developers said that its pre-sales jumped 21% to Rs 4,290 crore in Q2 FY25 as compared with Rs 3,530 crore in Q2 FY24.