India and the UK are working towards allowing Indian firms to list on the London Stock Exchange as part of efforts to deepen trade and investment ties. The countries have also launched the UK-India Infrastructure Financing Bridge, aimed at collaborating on major infrastructure projects. Additionally, they are exploring the possibility of listing debt instruments and shares at the IFSC-GIFT City and the London Stock Exchange.
Gautam Adani-led promoter group has increased its stake in Adani Enterprises and Adani Ports and Special Economic Zone Ltd, as part of their claw back strategy after facing damaging reports, first from from US-based short-seller Hindenburg Research and later from OCCRP. The stake increase comes after US-based investment firm GQG Partners bought shares in Adani group firms.
The State Plate (TSP), a non-perishable packaged food company, has been acquired by intercity meal delivery startup JustMyRoots as part of its aspirations to increase its market share in the packaged intercity food industry nationwide.
Indian online travel company Yatra Online is set to open its initial public offering (IPO) on September 15th. The IPO includes a fresh issue of shares worth ₹602 crore and an offer for sale of up to 12,183,099 shares by existing shareholders.
Open innovation is a collaborative approach that involves engaging with external partners to co-create and share knowledge, technologies, and insights.