Zee's plan to raise Rs 2,000 crore gets board's approval

Zee Entertainment Enterprises approves ₹2,000 crore fundraising to enhance balance sheet post Sony merger failure, aiming for strategic growth in media landscape.

Economic Times 

India to spend up to $385 billion to meet renewable energy target, Moody's Ratings estimates

India said it aims to ramp up non-fossil fuel capacity set by 50 GW each year to help meet its 500 GW target; Moody’s, however, estimates an annual capacity addition of around 44 GW will help achieve that target

The Hindu Business 

Bajaj Housing Finance board approves over ₹4,000-crore IPO

Bajaj Housing Finance board approves over ₹4,000-crore IPO

The Hindu Business 

Aye Finance Net Profit Rises Nearly Threefold To Rs 161 Crore In FY24

The company's revenue grew 67% to Rs 1,072 crore in 2023-24 from Rs 643.34 crore in the preceding fiscal year.

Bloomberg Quint 

Tata Chemicals Europe fined £1.1 million by UK court over 2016 safety incident

The order relates to an incident of 2016 when a contractor sustained injury at one of the company sites at UK, and subsequently passed away unexpectedly a few weeks after his discharge from the hospital, the company stated

Moneycontrol 

Sebi issues show cause notice to PB Fintech Chairperson Yashish Dahiya on $2 million investment

PB Fintech is pursuing legal action regarding the SCN and maintains that there will be no material impact on the company's financials or operations. The announcement was made after market hours and the stock ended at Rs 1,288 on the NSE, down by 5.35 or 0.41%.

Economic Times 

Muthoot Microfin enters into co-lending pact with SBI

Under the agreement, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) who are engaged in agricultural and allied activities as well as other income-generating enterprises.

Moneycontrol 

Proptech Funding Dips 4% In FY24: Housing.com Report

Proptech funding in FY24 dipped by 4% to $657 million, reflecting resilience amid global economic uncertainties, according to Housing.com.

Bloomberg Quint 

Indian HNIs swell by 12.2% YoY in 2023, wealth surges 12.4% on booming markets, economy: Report

The number of high net-worth individuals (HNIs) in India increased by 12.2% in 2023, reaching 35.89 lakh individuals. Their financial wealth also rose by 12.4% to $1,445.7 billion, driven by a strong economy and the performance of domestic equity markets.

Economic Times 

Non-Ferrous Metals Demand To Outpace Global Growth At 10%: ICRA

ICRA forecasts strong demand for non-ferrous metals at 10% in FY25, surpassing global growth expectations of 2%.

Bloomberg Quint 

ITC shareholders approve demerger of ITC Hotels with 99.6% majority

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

Economic Times 

Onelife Capital Standalone March 2024 Net Sales at Rs 0.95 crore, down 18.72% Y-o-Y

Onelife Capital Standalone March 2024 Net Sales at Rs 0.95 crore, down 18.72% Y-o-Y

Moneycontrol 

Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%

Bhagiradha Chemicals shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.

Economic Times 

PB Fintech shares climb over 5% amid block deal

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

Economic Times 

Vedanta shares rally over 3% as SBI approves demerger plans

Vedanta's shares surged 3.6% on BSE to Rs 457.05 as SBI approved its demerger of its existing businesses into six independent entities, which is aimed for completion by December 2024.

Economic Times 

RVNL share price gains 7% on winning projects worth Rs 515 crore

Rail Vikas Nigam Share Price | The company received Letter of Acceptance from Eastern Railway for construction of Sitarampur bye pass line under Asansol division of Eastern Railway

Moneycontrol