Shares of Reliance Industries Ltd. gained as much as 6.2%, the most in nearly two months, to reach their level before the company scrapped a deal to sell Saudi Arabian Oil Co. a stake in its oil-to-chemicals unit.
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Vedanta Promoter Group Firms Entered Three Facilities To Borrow $800 Million
Vedanta Promoter Group Firms Entered Three Facilities: Twin Star Holdings Ltd., Vedanta Netherlands Investments B.V. and Vedanta Resources Ltd. signed three separate facility agreements on Nov. 22 to borrow a total of $800 million, according to an exchange filing.
Vedanta Weighs Demerger To Simplify Corporate Structure
Vedanta Ltd. plans to review its corporate structure more than a year after its proposal to go private failed.
HCL Tech To Enhance Euroclear’s Digital Landscape
HCL Tech (HCL Technologies Ltd). announced a new multi-year application deal with Euroclear Group to accelerate its tech transformation journey and enhance digital capabilities.
RailTel Terminates Zee Subsidiary Contract
- RailTel Corporation of India Ltd. terminates contract awarded to Margo Networks, a subsidiary of Zee Entertainment Enterprises Ltd.
- The contract pertained to providing Content on Demand service in all mail/express and suburban trains and Wi-Fi enabled railway stations.
- Zee Entertainment said its subsidiary has initiated appropriate legal proceedings against the notice of termination.
Thermax Reports Sequential Growth In Net Income In Q2; Shares Climb 12%
Shares of Thermax Ltd. rose nearly 10% in intraday trade, the most in over seven months, to Rs 1,499 apiece after the company reported sequential growth in net profit and revenue in the second quarter, post market hours Wednesday.
Paytm IPO – Risks, Investment Rationale, Strengths, Key Strategies
One 97 Communications Ltd. (Paytm) is India’s leading digital ecosystem for consumers and merchants as we have built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions and revenue as of March 31, 2021 according to RedSeer.