New Delhi, Feb 11 (PTI) The Delhi High Court Friday listed for hearing on February 24 a batch of pleas concerning the ongoing legal tussle between US e-commerce major Amazon and Future Group over Future Retail Ltd's (FRL's) Rs 24,731 crore merger deal with Reliance Retail. Justice C Hari Shankar, who had earlier asked the [...]
Godrej Industries Ltd on Friday reported a profit after tax of Rs 182.78 crore for the third quarter ended December 2021 and announced investment of up to Rs 2,500 crore in two subsidiaries Godrej Properties and Godrej Agrovet Ltd. The company had posted a net profit of Rs 170.66 crore in the October-December quarter a [...]
New Delhi, Feb 11 (PTI) There is no shortage of fertilisers in the country and the price of urea has not been hiked ever since the Narendra Modi government came to power in 2014, Union Chemicals and Fertilisers Minister Mansukh Mandaviya said in Lok Sabha on Friday. He also said the government has been giving [...]
New Delhi, Feb 11 (PTI) Telecom regulator TRAI on Friday issued a consultation paper on promoting networking and telecom equipment manufacturing in India. The detailed consultation paper seeks to take stakeholder views on existing concerns in networking and telecom equipment manufacturing, and examine measures that need to be taken to meet the demand of growing [...]
New Delhi, Feb 11 (PTI) The government is aware of risks and user harms linked to online games involving money transactions and their advertisement through various media channels, but the information technology ministry has no proposal to bring them under the category of 'gambling', Parliament was informed on Friday. Minister of State for Electronics and [...]
New Delhi, Feb 11 (PTI) Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, is likely to hit the capital market with its follow-on public offer (FPO) in the last week of this month to raise up to Rs 4,300 crore, sources said. In August last year, the company had received [...]
New Delhi, Feb 11 (PTI) The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical [...]
New Delhi, Feb 11 (PTI) Apollo Hospitals Enterprise on Friday said its consolidated net profit increased 81.34 per cent to Rs 243.25 crore in the third quarter ended December 31, 2021. The healthcare provider had reported a net profit of Rs 134.15 crore in the corresponding period last fiscal. Its total income during October-December 2021 [...]
Electronic chips worth Rs 1.1 lakh crore were consumed in India in 2020 as per industry estimates, Parliament was informed on Friday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Rajya Sabha said that the entire domestic demand was met through imports as there is no electronic chip [...]
Srinagar, Feb 11 (PTI) Pahalgam has become the first destination in Jammu and Kashmir for the launch of 10 homestays under the ‘Crown of Incredible India’ project, an official spokesman said here on Friday. He said the project is an initiative of the Jammu and Kashmir administration for rural homestays at tourist destinations across the [...]
