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.
Wed, Nov 09, 2022
The company has allotted 43.76 lakh equity shares to anchor investors at Rs 587 apiece, aggregating to Rs 257 crore, according to a circular uploaded on the BSE website.
Tue, Nov 08, 2022
According to the Red Herring Prospectus (RHP), the company plans to raise Rs 635 crore. The size of the IPO has been reduced as earlier the company had planned to raise Rs 850 crore.
The firm has decided to allocate 1.24 crore equity shares to anchor investors at Rs 474 apiece, aggregating the transaction size to Rs 588 crore, according to a circular uploaded on BSE's website.
Mon, Nov 07, 2022
The quota meant for Qualified Institutional Buyers (QIBs) received 80.63 times subscription, while the non-institutional investors category was subscribed 7.10 times and Retail Individual Investors (RIIs) was subscribed 4.77 times.
Sun, Nov 06, 2022
The acquisition was completed at a fixed consideration of USD 23.4 million subject to certain adjustments. In addition, the definitive agreements provide for payment of annual performance based earnouts over the next four years.
Sat, Nov 05, 2022
The lender improved its asset quality, with the gross non-performing assets (NPAs) coming down to 5.31 per cent of the gross advances by the end of September 2022, from 8.11 per cent in the year-ago period.
The company has cut fresh issue size to Rs 530 crore from Rs 650 crore planned earlier. Besides, there would be an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder.
The company had posted a net profit of Rs 381.84 crore in the July-September quarter a year ago, Britannia Industries said in a BSE filing.
Wed, Nov 02, 2022
The company has decided to allocate 1.97 crore equity shares at Rs 336 apiece, aggregating the transaction size to about Rs 662 crore, according to a circular uploaded on BSE website.
Sat, Oct 29, 2022
IOC as well as other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise petrol, diesel and cooking gas LPG prices in line with the cost to help the government contain runaway inflation.
"The company is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity fund and new investor Malabar Investments," the statement said.
A Bengaluru-bound A320 ceo aircraft, carrying 184 people, aborted takeoff at the Indira Gandhi International Airport (IGIA) here due to fire in one of its engines Friday night. The plane returned to the bay and passengers were deboarded safely.
Wed, Oct 26, 2022
The solution was unveiled in the presence of S Suresh Kumar, Additional Chief Secretary, West Bengal; Partha Pratim Mukherjee, Director (Distribution), West Bengal Power Development Corporation Ltd and Nayak, Director (EV), West Bengal Power Development Corporation Ltd in Kolkata.
Sun, Oct 23, 2022
Sebi, in its order, barred 10 entities, including Bombay Dyeing and its promoters -- Nusli N Wadia, Ness Wadia and Jehangir Wadia-- from the securities markets for up to two years and levied a fine totalling Rs 15.75 crore on them for involving in fraudulent scheme of misrepresenting the company's financial statements.
Sat, Oct 22, 2022
Allowing a batch of petitions filed by the associations of workmen, Aircraft Maintenance Engineers, Officers and Staff Association and others, a two-member NCLAT bench had asked the new owner to make payment of provident fund dues as admitted by the resolution professional.
Thu, Oct 20, 2022
Persistent Systems said it is targeting to double the revenues in four years to USD 2 billion.
Wed, Oct 19, 2022
During the July-September quarter, 11.6 million guests visited Inox cinemas and reported "ATP (Average Ticket Price) of Rs 215 and the highest ever quarterly SPH (Spending Per Head) at Rs 102".
Tue, Oct 18, 2022
Tata Starbucks, which currently operates 300 stores across 36 cities in India and is an arm of Tata Consumer Products, has added 32 stores in 14 cities this year so far, atop 50 stores added last fiscal.
Mon, Oct 17, 2022
Kulkarni, who is being elevated as the country head of India (senior country officer), is currently the head of investment banking in JP Morgan India as also the vice-chair Asia Pacific for the bank and also the co-head of investment banking for Southeast Asia.
Sun, Oct 16, 2022
"We have 5,000 megawatts (MW) of projects that we are building right now. We have won various auctions... Have PPAs (power purchase agreements)," Chairman Sumant Sinha said.
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