Wed, Feb 21, 2024 10:42 AM
Byju’s rights issue fully subscribed: CEO Raveendran in note to shareholder
A Flip by Avya Verma
A recent order by the Supreme Court is likely to pave the way for construction to begin on Unitech’s long-stalled projects involving around 6,000 homebuyers in the city. But buyers — who have been waiting for more than a decade for their homes — have raised apprehension, seeking to know where the developer will get funds to start construction.
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Suzlon Energy Ltd.'s board has approved the scheme of amalgamation involving the merger of Suzlon Global Services, a wholly-owned subsidiary with itself. The company also plans to transfer its project business on a slump sale basis to one or more wholly-owned subsidiaries of the company. Suzlon will also undertake a capital reorganisation exercise through the Scheme of Arrangement.
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Stock market today: After showing intraday weakness from the new highs on Tuesday, the Indian stock market shifted into a range-bound action with a positive bias and finished higher on Thursday. The Nifty 50 index ended 43 points higher at the 22,648 level, and the BSE Sensex went up 128 points and closed at the 74,611 mark.
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