New Delhi, Feb 8 (PTI) Realty firm Mahindra Lifespace Developers on Tuesday said it will provide health insurance cover of Rs 3-5 lakh to customers who buy flats in its new project in Mumbai region and will bear the premium cost during the period of construction. The offer will initially be available to homebuyers in [...]
New Delhi, Feb 8 (PTI) Digital meeting platform Airmeet on Tuesday announced to have raised Rs 260 crore in series B funding from new as well as existing investors. New investors Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and Nexxus Global participated in the funding round, while existing [...]
State-owned Jammu & Kashmir Bank on Tuesday reported a more than two-fold rise in its net profit at Rs 174.81 crore for the quarter ended December 2021 on the back of a significant drop in its provisioning requirement. The bank had posted net profit of Rs 66.37 crore in the same quarter a year ago, [...]
New Delhi, Feb 8 (PTI) The initial public offer of Vedant Fashions Limited, which owns ethnic wear brand Manyavar, was subscribed 2.57 times on the last day of subscription on Tuesday, helped by demand from qualified institutional buyers.The company's Rs 3,149 crore IPO received bids for 6,53,72,718 shares against 2,54,55,388 shares on offer, according to [...]
London, Feb 8 (PTI) Embattled British Prime Minister Boris Johnson, under pressure to resign over parties in Downing Street during lockdown, on Tuesday reshuffled his Cabinet and appointed Jacob Rees-Mogg as the minister for Brexit Opportunities and Government Efficiency. Rees-Mogg, 52, currently leader of the House of Commons, will be based in the Cabinet Office. [...]
New Delhi, Feb 8 (PTI) Chemicals and Fertilisers Minister Mansukh Mandaviya on Tuesday said the fertiliser plant at Barauni, Bihar, which is being revived with nearly Rs 8,400 crore cost, will be commissioned in June this year. Replying to a supplementary question in the Rajya Sabha, the minister said the joint venture to revive the [...]
Mumbai, Feb 8 (PTI) Infrastructure lender India Infrastructure Finance Company Ltd (IIFCL) is planning to invest Rs 2,000 crore in infrastructure bonds and Rs 1,500 crore in infrastructure investment trust (InvIT) by end-March 2022, a top company official said. "We hope to do (invest) about Rs 2,000 crore in bonds and another Rs 1,500 crore [...]
New Delhi, Feb 8 (PTI) The government on Tuesday said it has received a large number of complaints against some multi-cooperative societies for misappropriation of investors' deposit.In a written reply to the Lok Sabha, Cooperation Minister Amit Shah replied in affirmative when asked whether the government is aware that multi-purpose cooperative societies set up in [...]
Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Tuesday reported 43.41 per cent increase in consolidated net profit at Rs 110.30 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 76.91 crore for the year-ago period, Jagran Prakashan Ltd (JPL) said in a BSE [...]
New Delhi, Feb 8 (PTI) Tata Medical and Diagnostics on Tuesday said its OmiSure RT-PCR test has been upgraded to detect the new BA.2 sub-lineages of Omicron. In an evaluation carried out by ICMR and the Virus Research & Diagnostics Laboratory, Kasturba Hospital for Infectious Diseases, Mumbai, the upgraded OmiSure successfully detected BA.1, BA.1.1, and [...]
