BUSINESS
India's home-grown defence technologies come of age, grab spotlight at Russian military expo
India’s Defence Research and Development Organisation (DRDO), along with several defence Public Sector Undertakings (PSUs) like Bharat Electronics Limited (BEL), Goa Shipyard Limited (GSL) and Bharat Earth Movers Limited (BEML), have displayed their state-of-the-art products at the ninth edition of the forum.
Nifty ends in green after recovering sharply
At close, Nifty was up 0.06 per cent or 12.4 points at 19,446.9, while the BSE Sensex climbed 137.50 points or 0.21 per cent to settle at 65,539.42.
BSE seeks clarification on spurt in volume from Garden Reach Shipbuilders
The company in its reply to BSE said: “We would like to submit that the Company is regularly intimating all the events, information etc. that have a bearing on the operation/performance of the company which include all price sensitive information, etc. to the Stock Exchanges, as per Regulation 30 of the SEBI (LODR) Regulations, 2015.
Indian banks' operating environment stronger, but structural issues continue to affect: Fitch Ratings
Fitch also said other structural issues like lengthy legal process, 'bad bank’ not playing a meaningful role hamper the OE.
Top film financier TSG sues Disney for depriving it of millions of dollars
According to the Wall Street Journal, TSG Entertainment, which also helped finance 'Deadpool' franchise for Twentieth Century Fox, is suing the studio and its parent company Disney pointing alleged breach of contract. TSG said in the lawsuit that people at Disney "have tried to use nearly every trick in the Hollywood accounting book" to hold onto cash that TSG thinks it owed.
Indian markets face strong headwinds
Global headwinds are from the rising dollar index at 103.23 and spiking U.S. bond yields, he said. Consequently, FIIs are selling, taking their cash market sell figure in August, till 15th, to Rs 9,867 crore. Domestically, the major headwind is the rising inflation, V.K. Vijayakumar said.
Infosys inks 5-year, 1.5bn euros deal with Liberty Global
In a regulatory filing, Infosys said the contract has an option to extend to eight years and when extended the total order value will be 2.3 billion euros.
Gangwal family raising $450m through block deal in Interglobe Aviation
In September 2022, the family had sold a tranche of 2.8 per cent worth Rs 2,000 crore and in February, it sold a 4 per cent stake for Rs 2,900 crore, as per media reports.
Indian-origin food firm owner in UK fined 7K pound after mice droppings found in store
Mandeep Singh (37) of Bradley-based Chatha Fresh Food Limited pleaded guilty this month to an offence of failing to protect food against contamination and failing to comply with EU provisions concerning food safety and hygiene, the Express & Star newspaper reported.
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
In a regulatory filing, Ashok Leyland said post acquisition, it would invest up to Rs 300 crore in OHM India. According to Ashok Leyland, OHM India is a wholly-owned subsidiary of OHM International Mobility Limited UK (OHM UK).
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