Tuesday, September 6, 2022

RCF, NFL among eight fertilizer PSUs identified for strategic divestment

RCF, NFL among eight fertilizer PSUs identified for strategic divestment A meeting of senior officials of DIPAM, departments of public enterprises, fertiliser and economic affairs, chaired by NITI Aayog CEO, discussed the proposal. The final decision is yet to be taken

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Kalpataru Power Transmission, its international subsidiaries bag orders worth Rs 1,345 crore

Kalpataru Power Transmission, its international subsidiaries bag orders worth Rs 1,345 crore In a regulatory filing KPTL said, the company and its international subsidiaries have secured new orders/notification of awards of Rs 1,345 crore.

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Monday, September 5, 2022

Gautam Adani is searching for new group MA chief

Gautam Adani is searching for new group MA chief Vinod Bahety, who’s been helming Adani Enterprises Ltd.’s MA activity, will move to a new business vertical and a formal announcement could come as soon as this month, the people said.

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Bharat Electronics says semiconductor shortage has eased but not fully over

Bharat Electronics says semiconductor shortage has eased but not fully over The comments came after the company announced September 16 as the record date for its bonus issue in the ratio of 2:1 — investors to receive two equity shares for every one share held.

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Price war in the sky: Airfares tumble after government lifts fare caps

Price war in the sky: Airfares tumble after government lifts fare caps Aviation experts said that the new prices reflect the competitive landscape present in India and the fact that all airlines in India have reduced prices is a very positive sign for the industry going forward.

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REC seeks shareholders#39; nod to raise up to Rs 75,000 crore via bonds

REC seeks shareholders#39; nod to raise up to Rs 75,000 crore via bonds The funds are proposed to be raised through issuance of debentures on private placement basis during a period of one year from the date of passing of the resolution, in one or more tranches, as per the AGM notice.

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MM Finance shares hit 52-week high on 75% growth in August disbursements

MM Finance shares hit 52-week high on 75% growth in August disbursements The year-to-date disbursement stands at approximately Rs 17,150 crore, registering a on-year growth of 104 percent

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Reliance Power, its subsidiary to raise debt of up to Rs 1,200 crore from Varde Partners

Reliance Power, its subsidiary to raise debt of up to Rs 1,200 crore from Varde Partners In a regulatory filing, Reliance Power said the company and its subsidiary have entered into a indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (USD 150 million) "for settlement and discharge and/or acquisition and restructuring of certain financial debt availed by Reliance Power."

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KPI Green Energy to set up 16.10 MW hybrid power project in Gujarat

KPI Green Energy to set up 16.10 MW hybrid power project in Gujarat The hybrid power project comprises wind and solar capacity to be developed at its Bhungar site in Mahuva at Bhavnagar, Gujarat, the company said in a regulatory filing on Monday.

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Sunday, September 4, 2022

PSU banks to open about 300 branches in unbanked areas by December 2022

PSU banks to open about 300 branches in unbanked areas by December 2022 These new branches will cover all remaining unbanked villages with a population of more than 3,000, according to sources.

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MC Insider: Veterans don’t retire, T20 listing buzz, agent provocateur, cinema chain in trouble, and more

MC Insider: Veterans don’t retire, T20 listing buzz, agent provocateur, cinema chain in trouble, and more NULL

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-veterans-don’t-retire-t20-listing-buzz-agent-provocateur-cinema-chaintroublemore_16612201.html

LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...