Algo storyFriendly circles are said to be at work in the Dolat Algotech stock over the last couple of months. Market chatter is that much of the recent interest has been coming from a cartel of Gujarat-based traders. Efforts to draw in retail investors to the party have not yielded fruit so far. In January, the stock had surged with a corresponding spike in trading volumes, but the rally soon fizz...

Vedanta Ltd. has mandated JPMorgan Chase & Co. to help it raise 25 billion rupees ($300 million) via rupee-denominated bonds, according to people familiar with the matter.JPMorgan’s financing solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked not to be identified as the informatio...

Adani family infuses Rs 6,661 crore into Ambuja Cements, raises stake to 66.7%, The latest follows the infusion of Rs 5,000 crore by the promoter into the company for exercising the warrants issuance approved by the board of the Company in October 2022.Adani family, the Ambuja Cement promoters have infused Rs 6,661 crore into the cement and building materials flagship company under the Adani portf...

ISRO reaches new milestone, successfully lands Pushpak reusable launch vehicleThe testing phase of the Pushpak RLV achieved a significant milestone as it was airlifted by an IAF helicopter to an altitude of nearly 4.5 km. Following the completion of predefined criteria for operational readiness, the RLV was subsequently released to start its testing procedures.The Indian Space Research Organisatio...

Adani Green Energy to raise $409 million via dollar bonds, Reuters had earlier reported that Adani Green Energy was looking to raise around $500 million by issuing dollar bonds in March, making it the first Adani group company to return to the overseas bond market in a year.Adani Green Energy is looking to raise $409 million via U.S. dollar-denominated bonds with a door-to-door tenor of 18 years, ...