Religare chief Saluja sells 2 million shares in open market
As per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Saluja’s holding in REL is reduced to 0.81% from 1.23%.
More companies offer IVF coverage even as they rationalise costs
Rising IVF coverage in corporate health insurance renewals with sub-limits managing premiums. Firms add cosmetic benefits amid medical inflation. Growth attributed to health and wellness benefits.
PFC pays Rs 2,033 crore interim dividend to govt for FY24
PFC paid ₹2,033 crore dividend to the government for FY23-24 in three instalments. Highest-ever interim dividend presented to RK Singh. Total interim dividends of ₹3,630 crore distributed. PTI reported the record dividend payments.
Ashdan properties leads race to acquire Rolta India
Ashdan made a ₹850-crore cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decided not to go ahead with another round of bidding, people familiar with the matter said. In February, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed lenders to seek rebids […]
Have unclaimed dividends and shares? You can recover them
According to industry estimates, around ₹55,700 crore of shares and dividends have been shifted to the government’s Investor Education and Protection Fund (IPEF) as they were lying unclaimed in demat accounts for several years.
Invesco in talks with Hindujas for India MF arm sale
Invesco could sell as much as 60% of Invesco Mutual Fund with assets under management (AUM) of more than ₹74,000 crore as of March 31. The mutual fund industry’s total AUM stood at ₹54.50 lakh crore as of February end.
Flaring crude, US yields push rupee to lowest close of 83.44
The domestic currency closed at 83.44 per US dollar on Wednesday, sliding from 83.38 Tuesday. So far in 2024, the Indian currency has depreciated 0.3% against the US dollar.