Top news of week: RIL board appointments, Mamaearth IPO, Israel-Gaza war, Navy veterans get death penalty and more
Read more The shareholders of Reliance Industries (RIL) have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani to the board as non-executive directors. The resolutions were passed through postal ballot. Read more Honasa Consumer, which operates Mamaearth, will launch its three-day initial public offering (IPO) on 31 October, according to its draft prospectus.
Mamaearth is looking to raise ₹365 crore in primary capital, and offer 41,248,162 equity shares for sale. Read more Paytm founder and chief executive Vijay Shekhar Sharma has launched a ₹30-crore ‘VSS Investments Fund’ to invest in Indian artificial intelligence (AI) and electric vehicle (EV) startups. The total size of the Sebi-approved, Category II Alternate Investment Fund (AIF) is ₹20 crore with a green-shoe option of ₹10 crore, bringing the total corpus to ₹30 crore.
Read more Byju’s chief financial officer Ajay Goel, who was brought on board to improve the edtech’s financial compliance has quit in six months, in a jolt for the company that has attempted to streamline its finances. He will join Vedanta Ltd, his previous employer, on 30 October. Read more The union government on Saturday imposed a minimum export price (MEP) of $800 a tonne ( ₹67 a kg) on onion exports between 29 October and 31 December to ensure domestic availability.
Read more Reliance Retail Ventures Ltd, (RRVL), the country’s largest retail chain, has reported a 21% jump in its net profit for the September quarter. The company said on Friday that its net profit came in at ₹2,790 crore, up from ₹2,305 crore in the year-ago period. Read more Sebi extended the ban on futures trading in agricultural commodities for another year (until 20 December 2024), an official
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