by PTI News | Feb 23, 2022 | 9:59 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Electrical consumer durables company Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday announced to acquire a majority stake of 81 per cent in Butterfly Gandhimathi Appliances for a total consideration of Rs 2,076 crore. Tamil Nadu-based Butterfly Gandhimathi Appliances operates in kitchen and small domestic appliances and the deal will [...]
by PTI News | Feb 23, 2022 | 9:52 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Ujjivan Small Finance Bank (SFB) on Wednesday said it will seek shareholders' approval to raise up to Rs 600 crore as equity capital by issuing shares to qualified institutional buyers in order to meet the regulatory requirements for amalgamation with its parent company. Besides, the lender will seek approval of [...]
by PTI News | Feb 23, 2022 | 9:38 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Loyalty management solutions provider Giift has invested USD 30 million, about Rs 225 crore, for buying significant but undisclosed stake in fintech firm Xoxoday, the company said Wednesday. Giift is backed by Apis Growth Fund II, a private equity fund managed by Apis Partners LLP. "Xoxoday will use the USD [...]
by PTI News | Feb 23, 2022 | 9:37 pm | News
Jaipur, Feb 23 (PTI) Presenting a populist budget, Rajasthan Chief Minister Ashok Gehlot on Wednesday announced restoring old pension scheme for state government employees, a job guarantee scheme for urban areas, free electricity of up to 50 units for domestic users and free treatment in government hospitals, among other proposals. No new tax was imposed [...]
by PTI News | Feb 23, 2022 | 9:33 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) The Delhi High Court Tuesday stayed the notices issued by Petroleum and Natural Gas Regulatory Board (PNGRB) in connection with declaring GAIL Gas Ltd and its subsidiaries' City Gas Distribution Network as a common carrier or contract carrier.The interim order was passed by a bench of Chief Justice DN Patel [...]
by PTI News | Feb 23, 2022 | 9:32 pm | News
Chandigarh, Feb 23 (PTI) Protesting employees of the city electricity department on Wednesday evening called off their strike while power supply has also been restored in the most parts of the city. The decision to call off the three-day strike, that was to end on Thursday night, was taken after a meeting between the representatives [...]
by PTI News | Feb 23, 2022 | 9:28 pm | Economy, News
Jammu, Feb 23 (PTI) The administrative council (AC) of the Jammu and Kashmir government on Wednesday approved the policy for the promotion of foreign investment in the industrial sector based on the guiding framework on FDI in the Union territory. AC, which met here under the chairmanship of Lieutenant Governor Manoj Sinha, on Wednesday approved [...]
by PTI News | Feb 23, 2022 | 9:26 pm | Economy, News
Jaipur, Feb 23 (PTI) Rajasthan chief minister Ashok Gehlot on Wednesday proposed 'Work for Home – Job Work Scheme' for women in the state. The scheme is for such women who can contribute to family income while working from home. Under the scheme, 20,000 women will be benefitted in the next year. The chief minister [...]
by PTI News | Feb 23, 2022 | 9:19 pm | News
New Delhi, Feb 23 (PTI) Union Power Secretary Alok Kumar has inaugurated the commencement of concreting works for the second unit of the powerhouse of Arun-III hydropower project being developed by state-owned SJVN. Power Secretary Alok Kumar, accompanied by SJVN Chairman and Managing Director Nand Lal Sharma visited 900-MW Arun -III Hydro Electric Project being [...]
by PTI News | Feb 23, 2022 | 9:13 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Gurugram-based NBFC Seeds Fincap Pvt Ltd on Wednesday said it aims to disburse loans worth Rs 250 crore in the next financial year. The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth [...]
