Samhi Hotels’ shares rose by approximately 10% on April 24, 2025, after announcing a strategic partnership with GIC, a leading global institutional investor. The deal involves a ₹752 crore investment from GIC for a 35% stake in Samhi’s key luxury hotel subsidiaries. Details of the GIC Investment and Asset Valuation The deal includes Courtyard & …
Zupee, a real-money gaming platform, has made a big leap in FY24 by reporting a profit of ₹146 crore—its first full-year profit since its launch in 2018. In the previous year (FY23), the company had posted a loss of ₹36 crore. This major turnaround came as Zupee’s revenue jumped 36.5%, reaching ₹1,123 crore compared to …
According to Vascon Engineers Limited, Royal Rides Pvt Ltd, Goa, has sent a Letter of Intent for ₹225.46 crores(not including GST and labour cess). As part of the contract, 2 terminal buildings will be constructed at Panaji and Reis Magos, Goa, together with the foundation for a ropeway tower and related site development work. Project …
Swiggy, the popular food delivery company, has approved a large allotment of equity shares for its employees under its Employee Stock Option Plan (ESOP) 2024. The board has given 1.28 crore equity shares at a face value and exercise price of just ₹1 per share. This gives eligible employees a chance to benefit significantly if …
Shares of Lupin Ltd. gained around 1% on Thursday, April 24, following the announcement of a major product launch in the US market. The pharmaceutical company is set to launch gTolvaptan, the generic version of Otsuka’s Jynarque, as the latter’s exclusivity ends. Lupin will enjoy a 180-day sole generic exclusivity, which could potentially extend further, …
The share price of BSE Ltd, India’s oldest stock exchange, reached a new lifetime high of ₹6,549.50 on April 24, 2025, up 0.85% intraday on the National Stock Exchange (NSE). This marks a substantial increase from its earlier high of ₹6,049.80 set on January 24, 2025. Notably, the stock has zoomed 71% from its recent …
Bajaj Finance Ltd. (BFL) is one of India’s most prominent non-banking financial companies (NBFCs), known for its expansive retail asset financing operations. Originally founded to support vehicle financing for Bajaj Auto’s two- and three-wheelers, the company has since evolved into a diversified financial powerhouse. Today, Bajaj Finance operates across seven broad verticals: Consumer Lending Commercial …
According to the news reports, BluSmart, an electric cab company, has hired Grant Thornton to conduct a deep financial investigation. This decision comes after SEBI started looking into alleged misuse of company funds by co-founder Anmol Jaggi. He is accused of using money meant for buying electric vehicles for his personal benefit. Misuse of Funds …
In a strategic push to ensure a long-term market for its crude oil, Saudi Arabia is partnering with Indian public sector companies to establish two new refineries in India. This move marks a renewed effort by the kingdom following two earlier setbacks in similar ventures. Refinery Plans and Investment Details According to news reports, Saudi …
According to the news reports, Vedanta Resources is considering listing its Zambian copper business, Konkola Copper Mines (KCM), in the US to raise around $1 billion. The aim is to use this money for mine development. The company has appointed Barclays and Citigroup to guide them through this possible IPO. One of the options being …
