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Business News: Stay informed with the latest business and finance news and updates on share market, budget, IPO, crypto, financial markets, global economies and banking news.
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News
LOHUM Dispatches First Tranche Of Lithium Ore From Zimbabwe Mining Assets – Outlook Business
4+ day, 4+ hour ago (352+ words) LOHUM on Wednesday announced the dispatch of the first tranche of lithium ore from its mining assets in Zimbabwe's Matabeleland South Province. The dispatch is the first output from LOHUM's Zimbabwe operations, making it the first Indian company to start…...
Bank Of Baroda To Sell 35% NSE Stake As Exchange Heads For IPO – Outlook Business
4+ day, 23+ hour ago (460+ words) Bank of Baroda will sell up to 76,90,375 NSE shares, or 35% of its holding The shares have been transferred to an escrow account as part of the IPO OFS process The transaction is expected to close by the end of September…...
REC Issues ₹500 Cr Through Tokenised Corporate Bonds, 8x Oversubscribed – Outlook Business
5+ day, 21+ hour ago (419+ words) REC accepted ₹500 crore at a 7.30% coupon for one year and nine months The issue received ₹796 crore worth of bids, translating into around 8x oversubscription Tokenisation enabled same-day pay-in, allotment and listing, with the bonds listed on NSE and BSE REC Ltd, a…...
Meet Leo Puri, The Financial Veteran Taking Over As Asian Paints Chairman – Outlook Business
6+ day, 3+ hour ago (459+ words) Leo Puri will succeed R Seshasayee as chairman of Asian Paints in January 2027 after joining the company’s board as an independent director Asian Paints has appointed financial sector veteran Leo Puri as an additional independent director for five years. Puri…...
RBL Bank Clears $1 Bn Foreign Bond Fundraising Plan – Outlook Business
6+ day, 3+ hour ago (454+ words) RBL Bank is preparing to tap overseas debt markets for up to $1 billion The fundraising will be subject to market conditions and regulatory requirements Citi said the bank has mobilised $3.4 billion in gross FCNR(B) deposits through the RBI’s swap facility…...
Nike To Be 'Deleted' From S&P 100: How The Giant Shoe Brand Is Losing Ground – Outlook Business
5+ day, 23+ hour ago (1094+ words) Nike's struggles have coincided with a sportswear market that has become more competitive and fragmented. The larger challenge is whether Nike can restore growth, product relevance and pricing power quickly Nike will leave the S&P 100 on September 21 after an…...
Raymond Shares Surge 4.43% To 52-Week High As Aerospace, Defence Business Fuels Re-Rating – Outlook Business
6+ day, 1+ hour ago (706+ words) Raymond Limited’s post-demerger engineering businesses reported growth in Q1 FY27, with aerospace and defence revenue rising alongside overall income and EBITDA. The company also disclosed a large aerospace order book and RFQ pipeline. past performance does not guarantee future returns. The movement…...
RBI’s Forex Intervention Hit At Least $8 Bn To Support Rupee Last Week – Outlook Business
6+ day, 3+ hour ago (520+ words) RBI sold an estimated $8-$15 billion in the FX market last week Strong dollar inflows have given the central bank greater room to intervene Rupee rose to ₹94.2850 on September 3, its strongest level in more than two months The Reserve Bank of…...
Rasna Bets on Premium, Low-Sugar Products to Drive Growth – Outlook Business
6+ day, 11+ hour ago (567+ words) Rasna is betting on reduced-sugar products, particularly as health consciousness grows among Indian consumers. It has opted to replace part of the sugar with sweeteners rather than position the products exclusively as 'diet' beverages Rasna is betting on premium and…...
Anthropic IPO Set For October As AI Firm Finalises $15 Bn Credit Line – Outlook Business
1+ week, 1+ day ago (467+ words) Anthropic’s IPO is now expected to begin marketing in mid-October The listing could potentially command a valuation of up to $2 trillion Anthropic is finalising a $15 billion revolving credit facility ahead of the IPO Anthropic is now expected to begin marketing…...