Fri, Jan 03, 2025
For the nine-month (Q1-Q3) period of FY25, REC disbursed total loans amounting to Rs 1,45,647 crore, which is higher by 19.30 per cent compared to Rs 1,22,089 crore disbursed in the corresponding period of FY24.
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Fri, Dec 27, 2024
State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh. In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for "development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model".
Thu, Dec 19, 2024
Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as "baseless". Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India.
Sat, Jan 07, 2023
According to PTI sources, the Ahmedabad-based Torrent Group is offering to pay the entire bid amount of Rs 8,640 crore as upfront cash while maintaining the Net Present Value (NPV) of Rs 8,640 crore quoted during the auction.
Wed, Jan 04, 2023
"The new capacities will go on stream over the next couple of years to meet the growing demand in an economy that is poised to remain as the fastest growing for the next few years," ATMA said in a statement.
Thu, Dec 29, 2022
The IPO comprises a fresh issue of equity shares aggregating to up to Rs 200 crore, and an OFS aggregating to up to Rs 800 crore by its promoters and promoter group shareholders, according to its DRHP.
The Board of Directors of Eicher Motors Ltd at its meeting held on Thursday "approved an investment of euro 50 million for a close to 10.35 per cent equity stake in Stark Future", the company said in a statement.
Wed, Dec 28, 2022
While the company is planning to increase capital expenditure by 10-15 per cent, it has no plans to charge a premium rate for 5G services as it has not worked in several countries that tried to do so.
Sun, Dec 25, 2022
In May, Vasudevan had expressed his desire to move on after the process of identifying a successor was complete and had agreed to the suggestion of Chairman Arun Ramanathan to defer tendering his resignation till then.
Sat, Dec 24, 2022
India produced 113.43 million tonne of crude steel in January-November 2022, which is 10 per cent higher compared to the year-ago period. The government aims to double the country's annual crude steel making capacity to 300 MT from 150 MT at present.
A two-member bench said after examining the materials and considering the arguments, it was of opinion that the "appellants had already admitted in the leniency application regarding their involvement in the cartelisation".
Tue, Dec 20, 2022
The IPO comprises fresh issue of shares worth up to Rs 60 crore and an offer for sale (OFS) of 33,125,000 shares by promoter David Devasahayam and private equity firm Ascent Capital Advisors India.
Sat, Dec 17, 2022
The agreement for the deal is expected to be signed during the first week of January 2023 and the transaction is expected to complete around the same time.
Tue, Dec 13, 2022
The pacts were signed at the Vedanta-Avanstrate Business Partners Summit 2022 held last week at Tokyo, Japan. The summit was attended by more than 200 delegates from over 100 global companies.
Mon, Dec 12, 2022
In a regulatory filing, Tata Motors said the IPO Committee of the company, which met on December 12, 2022 has accorded its in-principle approval for such a step.
The regulator in its order in January, 2020, levied a total fine of Rs 10.3 crore on JCL, while its directors and chairman Sandeep Jindal faces a fine of Rs 20 lakh, Rajinder Jindal and Yash Paul Jindal face a fine of Rs 10 lakh each.
Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
The IPO received bids for 14,30,715 shares against 1,28,00,000 shares on offer, according to NSE data. The category for non-institutional investors received 12 per cent subscription and Retail Individual Investors (RIIs) part was subscribed 13 per cent.
Sun, Dec 11, 2022
The government currently holds a 29.54 per cent stake in HZL, while a 5.54 per cent stake is with public shareholders. Mining mogul Anil Agarwal's Vedanta Ltd is the promoter with a 64.92 per cent stake in HZL.
The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed.
At the time of filing the draft paper with the Securities and Exchange Board of India (Sebi), market sources had indicated the company is looking at a valuation of over USD 1.5 to 1.7 billion.
In a regulatory filing, Jaypee Power Ventures informed that a board meeting has been convened on Monday to "apprise the board of the recommendations of the Audit Committee to consider the proposal of divestment of Jaypee Nigrie cement Grinding unit."
Sat, Dec 10, 2022
The carmaker, which sells products under BMW and Mini brands in the car segment and bikes under BMW Motorrad, is all set to introduce eight products over the next eight weeks in the country.
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