Patanjali Ayurveda had earlier said it would sell a 7% stake in the company through a sale offer. In case of oversubscription, he also has to sell 2%. Patanjali Foods promoter Patanjali Ayurvede said on July 13 that he would not take the 2% oversubscription option (also known as the greenshoe option). The reason for …
Patanjali Foods promoter cancels green-shoe option for its ongoing OFS Read More »
Byju’s move to form a new advisory board and sign Pai and Kumar comes just weeks after three key directors and auditors resigned. Byju’s, one of the world’s most respected education technology companies, has appointed Rajnish Kumar, one of his early backers through Aarin Capital and former National Bank of India, and current Chairman of …
Byju’s ropes in TV Mohandas Pai, Rajnish Kumar to join newly-constituted advisory panel Read More »
China has released official guidelines for generative artificial intelligence services, marking one of the world’s first major steps in regulating advanced technologies. The rules issued by the China Cyberspace Administration, the country’s top internet regulator, are scheduled to come into effect on August 15, according to an official statement on Thursday. Article 24 provisions include …
China unveils final version of generative AI rules Read More »
As Vice President, Kamala Harris set a new record in U.S. history by endorsing the nomination of Indian-born Kalpana Kotagal to a federal agency, joining a 191-year voting record. Harris, who made history as the first woman or person of color in 2020, was John, a Democrat and Republican who served as Vice President to …
Kamala Harris makes history with tie-breaking votes in Senate Read More »
Wipro First Quarter Results: Net Profit increased 12% year-on-year to Rs 287 billion, lower than expected Quarterly sales increased 6% year-on-year to Rs 2,283.1 billion, below the forecast of Rs 2,301.4 billion compared to Rs 2,152.8 billion in the first quarter of FY23. Meanwhile, shares of Wipro on July 13 closed 0.70 percent higher at …
Adani raises $1.4 billion from stake sale in 3 companies; $9 billion raised in 4 yrs In a statement, the Port Energy Group said it was “committed to raising funds to meet the 10-year plan for its Transformative Capital Management Program established in 2016 to implement plans for its various portfolio companies.” rice field. Adani …
Adani raises $1.4 billion from stake sale in 3 companies; $9 billion raised in 4 yrs Read More »
Bank of India plans stake sale to meet SEBI minimum public ownership standards Post share-sale, depending on the quantum, the holding of Government of India would come down below 75 percent. Public sector banks have time till August 2024 for meeting the SEBI requirement, Karnatak said. The state-owned Bank of India is exploring the possibility …
Bank of India plans stake sale to meet SEBI minimum public ownership standards Read More »
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