RIGHTS ISSUE RS 1000 CRORE
MeitY probes physical AI data use; Nvidia CEO Jensen Huang resigns
MeitY is reviewing the practice of collecting first-person video and sensor data from gig workers to train physical AI models. This and more in today’s ETtech Top 5.
Astrobase to invest Rs 800 crore in Andhra Pradesh to expand rocket testing facility
The company has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to add 339 acres to the facility. The expanded infrastructure will support launch vehicle stage development, static hot-fire testing, stage-level hop tests and reusability validation.
Hundo Pizza raises Rs 7.5 crore in first funding round led by Titan Capital
Founded in 2020, the brand is shifting towards expansion and enhancing its operational infrastructure. The company aims to achieve an annualised revenue run rate of Rs 60 crore by FY 2027–28.
Ramayana: Rise of a Legend box office day 8 collection: Ranbir Kapoor, Yash-starrer beats Pushpa 2, enters Rs 600 crore club in India
Ramayana Part 1, directed by Nitesh Tiwari, is performing well at the box office and nearing major earnings. The film has collected Rs 2.91 crore net on its eighth day in India across multiple language versions. It has reached a total India net collection of Rs 514.01 crore.
Ramayana box office collection day 8: Ranbir Kapoor's film dominates Diwali box office, inches closer to Rs 1,000 crore worldwide
Nitesh Tiwari's Ramayana hit theaters on November 5, and it's creating waves at the box office. With leading performances from stars like Ranbir Kapoor, Yash, and Sai Pallavi, the film is not just a commercial triumph but also a contender at the 99th Academy Awards. Scroll down to know how it much it earned on day 7 in India and globally.
PM Modi in Bengaluru on Nov 13, to launch Rs 15,600 Cr projects, flag Off Goa Vande Bharat
Prime Minister Narendra Modi will visit Karnataka on November 13 to launch and lay the foundation stone for infrastructure, energy, transport and urban development projects worth more than Rs 15,600 crore across Bengaluru and Mysuru.
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Rs 12.6 lakh salary, Rs 9.2 crore transactions: Telecom company employee lands on Income Tax radar over businesses he claims he never owned
A telecom company employee earning Rs 12.6 lakh annually allegedly faces questions over undisclosed income of Rs 9.2 crore after fraudsters misused his PAN and KYC documents to create fake businesses and obtain GST registrations. The entities reportedly recorded transactions worth Rs 6.5 crore in two months. Delhi Police's Economic Offences Wing has registered an FIR and is investigating the alleged identity theft.
Government invites fresh applications under Rs 2,700 crore medical device PLI scheme
The government is inviting new applications under the Production Linked Incentive Scheme for Medical Devices. This scheme has been extended until 2035-36 with an outlay of Rs 2,700 crore. Eligibility conditions have been simplified, and new applicants can submit multiple applications across different target segments. The revised scheme aims to enhance domestic manufacturing of high-end medical devices and improve global competitiveness.
IIFL Finance to raise Rs 6,414 crore through preferential issue; Blackstone to invest Rs 5,000 crore
IIFL Finance approved a Rs 6,414 crore capital raise led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264 crore through warrants.
NTPC submits two coal gasification project proposals under govt's Rs 37,500 crore scheme
NTPC Limited has submitted proposals to establish coal gasification projects for producing urea, methanol, and dimethyl ether. The Ministry of Coal announced that applications for the third round will open on November 10. January 11, 2027, is set as the deadline for these applications. The government's initiative aims to expand domestic production and support the broader use of indigenous resources.
Bajaj Finance issues 5.74 crore warrants to promoter for Rs 5,799 crore
Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore. The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant. Each warrant is convertible into an equivalent number of equity shares of the company. A minimum of 25 percent of the consideration is payable at allotment, while the remaining 75 percent will be payable later.
EPFO’s November 19 meeting to be held in New Delhi: Can EPFO increase minimum EPS pension from Rs 1,000?
The Employees' Provident Fund Organisation is gearing up for its 240th Central Board of Trustees assembly, scheduled for November 19, 2026, in New Delhi. However, official confirmation from the government about these proposed changes is still pending, even as calls for enhanced pension benefits persist.
CM Chandrababu Naidu wants to scrap Rs 500 notes, wants only currency like 100 and Rs 200 in circulation to help tackle corruption
Indian rupees news: N Chandrababu Naidu has reiterated his demand to withdraw high-denomination currency notes like Rs 500. He believes that limiting circulation to Rs 100 and Rs 200 can help tackle corruption effectively. While the Reserve Bank of India is exploring plastic notes for lower denominations, no proposals exist to replace paper currency entirely. Additionally, discussions around digital payments highlight their complementary relationship with physical banknotes.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
NCLT approves Ashdan Properties' resolution plan for Sunblink Real Estate
The National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor dues. Sunblink Real Estate's insolvency proceedings were initiated over a default related to financial obligations. The properties in question include sea-facing buildings in Mumbai's Worli area, acquired previously from entities linked to Iqbal Mirchi. The resolution plan allocates Rs 143 crore to the secured financial creditor Piramal Finance over several instalments.
Sebi approves 6 IPOs including Mahanadi Coalfields, Veritas Finance and Sagar Defence. Check details
Sebi has granted approval for initial public offerings from six companies across various sectors. Companies like Mahanadi Coalfields and Sagar Defence Engineering are set to enter the stock market soon. The IPOs include both offers for sale and fresh issue components to raise significant funds. These approvals come amid increasing investor interest in diverse industries such as defence and pharmaceuticals.
Satya Micro Capital to sell its housing finance arm to address liquidity crunch
Satya Micro Capital plans to sell its housing finance subsidiary for ₹150-200 crore to ease liquidity pressure and strengthen its financial position. The microfinance lender has shortlisted three buyers and expects to close the deal within a month. The move comes amid mounting debt repayments, weak asset quality and losses.
From petrol pump attendant to Rs 6,70,00,00,000 investment scam: How Hyderabad's Nanavath Bhupal Naik, who also worked as mason, built massive empire by luring 7,400 investors
Nanavath Bhupal Naik, a former mason and petrol pump attendant, is accused of masterminding an alleged Rs 670-crore investment scam involving around 7,400 investors. The Cyberabad Economic Offences Wing is investigating two companies, Shares Bazaar Pvt Ltd and Kisaan Parivar Ltd, which allegedly promised monthly returns of 4% and tax-free annual returns of 24%.
Stocks in news: M&M, BHEL, Adani Enterprises, Wipro, Tata Steel, Siemens and Divi's Labs
Indian equity markets ended marginally lower on Sunday, breaking a seven-session winning streak. The NSE Nifty 50 decreased by 44 points, closing at 24,986. Several companies, including Adani Enterprises and Tata Steel, announced important corporate developments and new investments. Wipro appointed a new CEO for its Americas unit, while various firms reported their quarterly earnings. Overall, investors remain cautious as they monitor these announcements and future market movements.
Bosch announces 1:5 stock split, 3:1 bonus issue. What this means for investors?
Bosch announced its first-ever 1:5 stock split and 1:3 bonus issue alongside Q2 FY27 results. The company reported a 19% YoY rise in consolidated net profit to Rs 839 crore and a 28% jump in revenue to Rs 7,655 crore during the Sept quarter. Here's how the twin corporate actions will affect shareholders' holdings and share price.
Continental Tyres explores sale of India plant in UP
German tyre maker Continental is exploring the sale of its manufacturing plant in Modipuram, Uttar Pradesh, as the facility is operating below full capacity. Delhi-based Ralson Tyres and a Chinese tyre company are among the potential buyers that have submitted bids. Continental is reportedly seeking more than Rs 1,000 crore for the unit.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Paras Healthcare posts Rs 40 crore Q2 net profit in first results after listing
Paras Healthcare announced a profit after tax of Rs 40.35 crore in the September quarter. This performance shows a significant increase from the net profit of Rs 12.38 crore reported last year. Revenue from operations reached Rs 510.89 crore, with expenses at Rs 463.12 crore during the same period. The company utilized a portion of its IPO proceeds to strengthen its balance sheet.
Centre advances November tax devolution, releases Rs 1.09 lakh crore to states ahead of festive season
On November 5, 2026, the Centre released over Rs 1.09 lakh crore to state governments in advance. This release is typically done on November 10 each year, but it was advanced this time. The finance ministry stated that this advance supports states in boosting capital expenditures. The advance aims to assist states in financing their development and welfare-related projects.
Entry norms for GPU bidders eased, but price pain remains
Bidders will not be required to submit a financial bid or commit to service level terms at the first stage, which will be for technical qualification. This is a significant change from the previous IndiaAI process. The minimum technical qualifying score has been reduced to 60 out of 100, compared with 75 under the IndiaAI framework.
Jubilant Pharmova plans to raise Rs 800 crore via maiden bond issue
Jubilant Pharmova has announced plans to secure ₹800 crore via its first bond issuance within the local market, featuring ₹400 crore as the base amount and an equal greenshoe option. The capital raised will be primarily allocated to the company’s capital expenditure and upcoming expansion efforts. Subscriptions are anticipated chiefly from mutual funds and asset managers, making this a significant moment in the company's bond market debut.
Ola Electric’s Rs 1,000-crore rights issue fully subscribed ahead of closing date
The rights issue, which opened on Thursday, will close on October 30. Shareholders could sell or transfer their rights entitlement in the market until October 26. The company finalised the terms of the issue earlier this month, setting the price at Rs 27 per share, a 26% discount to its market value.
SoftBank sold 1.2% stake in Ola Electric between January-October
The investor also sold rights entitlements to subscribe to an additional 1.12 crore shares, according to a disclosure filed with the stock exchanges. Ola Electric is in the process of raising Rs 1,000 crore through a rights issue of partly paid-up equity shares.
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