Published : 6 October 2023
By : Sachin Gupta
Bajaj Finance intends to raise up to Rs 10,000 crore in a restricted share sale to strengthen its capital position in the wake of Reliance Industries' Jio Financial's entry into retail lending.
Equity would be sold off throughout the exercise in order to benefit institutional investors and the holding firm, Bajaj Finserv.
Thursday, Hindalco Industries Ltd. announced that it would sign a contract with the Odisha Mining Corporation for the long-term supply of bauxite ore.
For its projected 2-million-tonne alumina refinery and 150-MW captive power plant at Kansariguda, Rayagada district, in Odisha, the company intends to procure bauxite ore. This will be the second alumina refinery built by Hindalco in the Rayagada region of Odisha.
Maruti Suzuki, the largest automaker in India, received a draft assessment order from the Income Tax department on Tuesday totaling Rs 2,159 crore.
The business stated in an exchange filing that "certain additions/disallowances amounting to Rs 21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed.