With Life Insurance Corporation's board giving its nod on Sunday, the state-owned insurance behemoth is all set to file the draft red herring prospectus (DRHP) for its initial public offering (IPO) with market regulator Sebi in a couple of days. The board of LIC in its meeting has given approval regarding the IPO, sources said. [...]
New Delhi, Feb 13 (PTI) Realty firm Ramky Estates & Farms Ltd has tied up with Genpact to develop a 14-acre project in Hyderabad. Property consultant JLL India said in a statement that it facilitated the deal. Genpact and Ramky Estates & Farms Limited (REFL) will develop 14.37 acres of land situated at Uppal, Hyderabad. [...]
Mumbai, Feb 13 (PTI) Air India has asked its cabin crew to wear minimal jewellery to avoid delays at security checks and not to visit duty-free shops after completing the immigration process as part of the Tatas-owned airline's efforts to improve on-time performance. Since it took over loss-making Air India on January 27, Tatas has [...]
New Delhi, Feb 13 (PTI) Amid allegations of delay in filing of complaint against the country's biggest bank fraud totaling Rs 22,842 crore, State Bank of India (SBI) on Sunday said it has been diligently following the ABG Shipyard fraud case with the CBI following the forensic audit report. The Central Bureau of Investigation (CBI) [...]
New Delhi, Feb 13 (PTI) Technology can play a big role in taking prosperity to the remotest corners of India and it can really help democratise basic amenities, such as healthcare through telemedicine and education, Commerce and Industry Minister Piyush Goyal said on Sunday. He said that the idea of the ONDC (Open Network for [...]
New Delhi, Feb 13 (PTI) TVS Supply Chain Solutions, part of TVS Mobility Group, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The initial share-sale consists of fresh issue of equity shares aggregating up to Rs 2,000 crore and an Offer for Sale (OFS) of [...]
New Delhi, Feb 13 (PTI) Dhampur Sugar Mills Ltd on Sunday reported a 39 per cent increase in its consolidated net profit to Rs 76.01 crore for the quarter ended in December. Its net profit stood at Rs 54.56 crore in the year-ago period. Total income, however, fell to Rs 964.27 crore in the third [...]
New Delhi, Feb 13 (PTI) Online gifting company Winni expects to more than double its sales to Rs 20 crore on a year-on-year basis on Valentine's Day, a top official of the start-up firm said Sunday. Winni co-founder and CEO Sujeet Kumar Mishra said a five-fold increase in the company's retail network and over 90 [...]
New Delhi, Feb 13 (PTI) India needs to adopt a multidimensional approach to take the country's merchandise exports to USD 1 trillion by 2030, a report by industry body CII has suggested. The report recommends finalising free trade agreements with large markets, extending RoDTEP to all exports, attracting global firms and addressing domestic manufacturing issues [...]
New Delhi, Feb 13 (PTI) TVS Supply Chain Solutions, part of TVS Mobility Group, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The initial share-sale consists of fresh issue of equity shares aggregating up to Rs 2,000 crore and an Offer for Sale (OFS) of [...]
