Business

Reliance lists gaming unit Codemasters

Reliance lists gaming unit Codemasters

Raises 1,700 crore from the LSE listing Anil Ambani-led Reliance Group has raised ₹1,700 crore by listing its gaming firm Codemasters Ltd. on the AIM platform of the London Stock Exchange (LSE). The £185-million (approximately ₹1,700 crore) offering, comprising a primary offering of £15 million (approximately ₹150 crore) and secondary …

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ICICI Bank says Chanda Kochhar on annual leave

ICICI Bank says Chanda Kochhar on annual leave

The ICICI Bank board on Friday denied that it has asked its MD and CEO Chanda Kochhar to go on leave. “She is on her annual leave which was planned in advance,” the bank said in a stock exchange announcement. Further, the Board denied that it has appointed any search …

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Rupee gains 24 paise in early trade

On Thursday the local currency had edged up by 2 paise to end at 67.41. Rising for the third day, the rupee appreciated by 24 paise to 67.17 against the US dollar on continued selling of the American currency by banks and exporters amid robust macroeconomic data. Data released by …

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Sensex extends gains on robust GDP data

Sensex extends gains on robust GDP data

The NSE Nifty also went up by 25.40 points, or 0.24 %, to 10,761.55. The BSE Sensex advanced about 106 points in early session maintaining its positive form for the second day following robust growth data for the March quarter. Investors creating new positions at the beginning of the June …

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Venkataramanan sees ‘revenge’ in CBI case

Venkataramanan sees ‘revenge’ in CBI case

Named in matters where I had no role’ Tata Trusts’ managing trustee and AirAsia India director R. Venkataramanan on Wednesday said that the CBI had “wrongly named” him as an accused in a case against the airline and that it was a result of Cyrus P. Mistry’s “revenge legal actions.” …

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Air India has a sentimental value for the country: Gadkari

Air India has a sentimental value for the country: Gadkari

Air India carries a sentimental value for the country, Union Minister Nitin Gadkari said on Wednesday on why the government intends to retain 24% stake after the privatisation of the national carrier instead of making a complete exit. His comment assumes significance as it comes a day before the deadline …

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Sensex suffers more losses, slides 214 points on global cues

Sensex suffers more losses, slides 214 points on global cues

There was caution among investors ahead of the May month derivatives expiry tomorrow. Benchmark Sensex declined by over 214 points in opening trade extending Tuesday’s fall, tracking a weak trend in global markets amid fresh concerns of a possible China-US trade war. Unabated capital outflows by foreign funds and profit-booking …

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TCS project a ‘masterclass in incompetence’: U.K. panel

TCS project a ‘masterclass in incompetence’: U.K. panel

A British Parliamentary Committee has slammed a loss-making Tata Consultancy Services contract with Britain’s Home Office as a “masterclass in incompetence,” after going £229 million over budget and facing delays of more than four years. “None of the cost-saving and service benefits set out in the original business case have …

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