Business News Highlights: Tata Chemicals raises ₹1,700 crore through NCDs
5 min read | Updated on August 20, 2024, 16:56 IST
SUMMARY
Tata Chemicals has raised ₹1,700 crore through the issue of non-convertible debentures (NCDs) to investors on a private placement basis.
Business News LIVE Updates | Note floated to seek distinction between online game of skill, game of chance for FDI: Official
The department for promotion of industry and internal trade (DPIIT) has circulated a note seeking views of different ministries on distinguishing between online 'Game of Skill' and 'Game of Chance' for the purpose of FDI, a senior official told news agency PTI.
The official said that a clear distinction between the two is necessary to seek foreign investments as online game of skill has huge potential.
August 20, 2024, 16:09 PM
Business News LIVE Updates: Tata Chemicals raises ₹1,700 crore through NCDs
Tata Chemicals has raised ₹1,700 crore through the issue of non-convertible debentures (NCDs) to investors on a private placement basis.
In a regulatory filing on Tuesday, Tata Chemicals said an internal Committee, constituted by its board, has approved the allotment of 1,70,000 NCDs, having a face value Rs 1 lakh each for cash, aggregating to ₹1,700 crore, for a tenor of 3 years, to identified investors on private placement basis.
August 20, 2024, 14:47 PM
Business News LIVE Updates: Quick commerce platforms hit record sales on Raksha Bandhan
Quick commerce platforms had a field day on the occasion of Rakshabandhan as the nation ditched exhaustive post-office shopping for quick hassle-free deliveries.
Blinkit, which holds about 40 per cent share of the quick commerce market, sold about 700 rakhis every minute.
August 20, 2024, 12:56 PM
Business News LIVE Updates: India PC market rises 7.1% to 3.39 mn units in June quarter
Rising for the fourth straight quarter, India's traditional PC market -- comprising desktops, notebooks, and workstations -- reported a 7.1% growth in shipments to 3.39 million units in April-June this year, market research firm IDC said on Monday.
According to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, HP led the PC market with 31.7% share.
It was followed by Lenovo with 17.5%, Dell with 14.8%, Acer Group with 14.7% and Asus with 7.1%, according to the report.
August 20, 2024, 11:45 AM
Business News LIVE Updates: Saraswati Saree Depot shares jump 25% in debut trade
Shares of Saraswati Saree Depot Ltd on Tuesday listed at a premium of 25% against the issue price of Rs 160.
The stock made its debut at Rs 200, registering a jump of 25 per cent from the issue price on the BSE. It later zoomed 31.21% to Rs 209.95. At the NSE, shares of of the firm listed at Rs 194, up 21.25%.
August 20, 2024, 11:14 AM