Technology

Vedanta Resources $500 Mn Bond Issue Gets 3x Oversubscription; Company Strengthens Debt Profile
03 Oct

Vedanta Resources $500 Mn Bond Issue Gets 3x Oversubscription; Company Strengthens Debt Profile

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#VedantaResources #BondIssue #Oversubscription #DebtProfile #CapitalMarkets #CorporateFinance #GlobalInvestment #FinanceNews #DebtReduction #Deleveraging #CreditRatings ·         Final orders of over US$1.6 billion, 3x oversubscription from existing as well as new set of investors across APAC, EMEA and the US. ·         With this offering, Vedanta has raised US$3.6 billion from international bond markets in the last 14 months. Chandigarh: Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources Limited, said in an exchange filing that its US$500 million bond issue attracted bids exceeding US$1.6 billion, more than triple the issue size. “The bonds received final orders of over US$1.6 billion, recording more than 3x…
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Commtel Networks Files DRHP for ₹900 Crore IPO Focused on Critical Infrastructure
02 Oct

Commtel Networks Files DRHP for ₹900 Crore IPO Focused on Critical Infrastructure

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#CommtelNetworks #IPO #DRHP #iTSS #CriticalInfrastructure #OFS #SEBI #OilAndGas #PowerSector Chandigarh: Commtel Networks Limited, a specialist in designing, building, and implementing integrated telecommunication, security, and safety (iTSS) systems for critical national infrastructure (CNI) facilities, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch an Initial Public Offering (IPO). The company primarily serves the crucial oil and gas and power sectors. IPO Structure and Offr Details The proposed IPO is set to raise up to ₹900 Crores (₹9,000.00 million), making it a significant offering in the technology solutions space. Component Aggregation Amount (Up to) Purpose Fresh Issue ₹150 Crores…
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⚡ Sterlite Electric Limited Files DRHP for IPO
02 Oct

⚡ Sterlite Electric Limited Files DRHP for IPO

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#SterliteElectric #IPO #DRHP #VedantaGroup #PowerTandD #RenewableEnergy #IndianMarket #CapitalMarkets #OPGW Chandigarh: Sterlite Electric Limited (formerly Sterlite Power Transmission Limited), a part of the Vedanta Group, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The filing positions the company, a key player in the Power Transmission and Distribution (Power T&D) sector, to capitalize on India's massive renewable energy integration plans. IPO Structure and Utilization The total IPO size comprises the issuance of up to 15,589,174 equity shares. Component Share Count (Up to) Promoters Participating Fresh Issue 7,793,371…
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Mahindra Farm Equipment Business sells 64,946 Tractor Units in September25, Records 50% Growth in Domestic Sales
02 Oct

Mahindra Farm Equipment Business sells 64,946 Tractor Units in September25, Records 50% Growth in Domestic Sales

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#MahindraTractor #TractorSales #FarmEquipment #50PercentGrowth #NavratriSales #Agriculture  Chandigarh: Mahindra & Mahindra Ltd.’s Farm Equipment Business (FEB), part of the Mahindra Group, today announced its tractor sales numbers for September 2025. Domestic sales in September 2025 were at 64,946 units, as against 43,201 units in September 2024, reflecting a 50% year-on-year growth, on account of the benefit of GST reduction to customers and preponement of Navratri to September this year compared to last year’s festive period. Total tractor sales (Domestic + Exports) during September 2025 were at 66,111 units, as against 44,256 units for the same period last year. Exports for the…
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BHIM, Bharat Ka Apna Payments App, Lights Up Diwali with a Touch Of Goodness, Empowering India’s Women Artisans
02 Oct

BHIM, Bharat Ka Apna Payments App, Lights Up Diwali with a Touch Of Goodness, Empowering India’s Women Artisans

MFNewsBrands, Breaking News, Business, Entertainment, Health, Mutual Funds, Opinions, Technology
#MeethiDiwali #BHIM #BHIMPaymentsApp #DigitalEmpowerment #AspireForHer #WomenInBusiness #IndianArtisans #NPCI #FestiveCampaign #BharatKaApnaPaymentsApp Kicks-off ‘Meethi Diwali’ campaign, challenging the traditional focus on offers and sale during festive season into a purpose-led initiative For every 10 or more transactions made on the BHIM Payments App, a portion to be contributed towards empowering women-led businesses  Chandigarh: BHIM Payments App, India’s very own homegrown payment platform from NPCI BHIM Services Limited (NBSL), is bringing a touch of goodness to this festive season with the second edition of its annual campaign ‘Meethi Diwali’. This year, BHIM Payments App is inviting its users to turn their day-to-day payments…
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Godrej reinforces its consumer commitment with innovative AI-Powered Wash Care Technology
02 Oct

Godrej reinforces its consumer commitment with innovative AI-Powered Wash Care Technology

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#GodrejAppliances #AIPoweredTech #WashingMachine #FestiveGrowth #SmartHome #TurbiditySensing #MadeInIndia #ConsumerTech ~ Targets 40% growth in the overall washing machine category and 60% in the premium front load segment in this festive season Chandigarh: In line with its vision to deliver meaningful innovation that enhances everyday living, the Appliances Business of Godrej Enterprises Group (GEG) has unveiled a new advancement in its front load washing machine portfolio, the AI-Powered Turbidity Sensing Technology. This launch reflects GEG’s continued focus on solving real consumer challenges through intelligent and sustainable technology. By addressing the often-overlooked issue of excess detergent residue in laundered clothes, the company aims…
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Augmont Enterprises Limited files DRHP with SEBI for its Rs 800 Crore IPO
02 Oct

Augmont Enterprises Limited files DRHP with SEBI for its Rs 800 Crore IPO

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#AugmontIPO #DRHP #SEBI #BullionMarket #DigitalGold #mfnewsdaily  #IndianIPO #₹800Crore #SEBI #PreciousMetals #CapitalMarkets #HighGrowth Mumbai — Augmont Enterprises Limited, a key player in the integrated gold and silver market, has officially filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for a substantial Initial Public Offering (IPO) aggregating up to ₹800 Crores. This significant development, a crucial marker for the bullion industry, was first comprehensively reported by mfnewsdaily.in. Capital Infusion to Fuel Explosive Growth The IPO is strategically split into a Fresh Issue of up to ₹620 Crores and an Offer for Sale (OFS) of up to ₹180 Crores. The OFS includes…
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AIR INDIA INAUGURATES INDIA’S FIRST NON-STOP FLIGHT TO THE PHILIPPINES
02 Oct

AIR INDIA INAUGURATES INDIA’S FIRST NON-STOP FLIGHT TO THE PHILIPPINES

MFNewsBrands, Breaking News, Business, Entertainment, Opinions, Shares, Technology, Travel
#AirIndia #DelhiToManila #IndiaPhilippines #NonStopFlights #AviationNews #FlyAI #ConnectingNations #TravelIndia #TravelPhilippines #AirIndiaExpansion #A321LR #AviationMilestone #GlobalConnectivity #TourismGrowth #IndiaPhilippinesRelations ·         Non-stop flights between Delhi and Manila start today ·         Ambassador of the Philippines to India, Josel F. Ignacio, inaugurates the flight at Delhi airport Chandigarh: Air India, India’s leading global airline, today inaugurated India’s first non-stop flight to the Philippines. The inaugural flight to Manila, the capital city of the Philippines, departed from Delhi’s Indira Gandhi International Airport per schedule today. H.E. Josel F. Ignacio, Ambassador of the Philippines to India, and Maria Cynthia P. Pelayo, Minister and Consul General, Embassy of the Philippines…
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UTI Alternatives deepens mid-market credit focus with Structured Debt Opportunities Fund IV (SDOF IV)
02 Oct

UTI Alternatives deepens mid-market credit focus with Structured Debt Opportunities Fund IV (SDOF IV)

MFNewsBrands, Breaking News, Business, Health, Mutual Funds, Opinions, Technology
#UTIAlternatives #SDOFIV #PrivateCredit #StructuredDebt #MidMarketFinance #AlternativeInvestments #CategoryIIAIF #CreditOpportunities #UTIAMC #DebtFund #InvestmentStrategy #IndianMarkets #FinancialGrowth #PrivateMarkets #StructuredFinance  SDOF IV marks continuation of UTI Alternative’s disciplined performing private credit platform launched in 2017 Chandigarh: UTI Alternatives, the private markets platform of UTI Asset Management Company (UTI AMC), announced the launch of UTI Structured Debt Opportunities Fund IV (SDOF IV), the latest in its flagship private credit series that addresses the financing needs of India’s mid-market businesses. A scheme under the SEBI registered Category II AIF, SDOF IV is planned as Rs 1,500 crore fund that aims to primarily create a portfolio of performing…
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TVS Motor Company Achieves its Highest Ever Quarterly Sales in Q2FY26; Crosses 15 Lakh Unit Milestone
02 Oct

TVS Motor Company Achieves its Highest Ever Quarterly Sales in Q2FY26; Crosses 15 Lakh Unit Milestone

MFNewsBrands, Breaking News, Business, Shares, Technology, Travel
#TVSMotor #SalesMilestone #QuarterlyGrowth #AutoIndustry #TwoWheelers #ThreeWheelers #EVGrowth #TVSScooter #TVSMotorcycle #IndianAutomobile #ExportsGrowth #MarketLeader #InnovationOnWheels   Q2FY26 Sales grows by 22% Sales in September 2025 grows by 12% Chandigarh: TVS Motor Company, during the second quarter of the financial year 2025-26, registered the highest ever quarterly sales of 15.07 Lakh units. The two-wheeler of the company registered a growth of 22% with sales increasing from 11.90 Lakh units in Q2FY25 to 14.54 Lakh units in Q2FY26. Three-wheeler of the company registered  a growth of 41% with sales increasing from 0.38 Lakh units in Q2FY25 to 0.53 Lakh units in Q2FY26. Total exports registered…
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