New Delhi, Feb 8 (PTI) Power requirement in the country is estimated to be 1,650.59 billion units in 2022-23 while it was 1,141.94 billion units till January of the ongoing fiscal year, Parliament was informed on Tuesday. In financial year 2020-21, power requirement was 1,275.53 billion units (BU), Power Minister R K Singh said in [...]
New Delhi, Feb 8 (PTI) IIFL Wealth and Asset Management on Tuesday said it has appointed Aakash Desai as the head of the private credit vertical.Desai will be responsible for identifying growth opportunities to augment scale and profitability in the business, it added.He brings significant experience in corporate finance and capital markets, predominantly in originating [...]
Jindal Steel & Power on Tuesday reported a 27.2 per cent drop in consolidated profit at Rs 1,866.08 for the quarter ended December 2021 owing to higher expenses. The company had posted a consolidated profit of Rs 2,566.68 crore in the corresponding period of the previous fiscal, Jindal Steel & Power said in a BSE [...]
New Delhi, Feb 8 (PTI) Electoral bonds worth Rs 324.36 cr were encashed by various political parties in 2020-21, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday.State Bank of India is the authorised bank to issue and encash electoral bonds.The political party-wise detail of electoral bonds encashment is not collated centrally at [...]
New Delhi, Feb 8 (PTI) Business conglomerate Shapoorji Pallonji's housing platform Joyville has roped in Sourav Ganguly, the former captain of the Indian cricket team, as its brand ambassador. Joyville, which is a USD 200 million platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects in four major [...]
New Delhi, Feb 8 (PTI) Hero Electric on Tuesday said it has tied up with OTO to offer low-cost financing solutions on its scooters for B2B companies. The partnership will facilitate easy financing options for the B2B space, the electric two-wheeler maker stated. “Electric two-wheeler financing is the biggest growth driver towards mass adoption in [...]
The government on Tuesday informed the Rajya Sabha that electoral bonds worth Rs 9,208.24 crore have been purchased by eligible individuals and entities. The Electoral Bond Scheme 2018, was notified by the government on January 2, 2018. Citing data provided by the Department of Economic Affairs under the Ministry of Finance, Union minister Rao Inderjit [...]
Morepen Laboratories on Tuesday said its net profit declined 9.54 per cent to Rs 21.52 crore in the third quarter ended December 31, 2021. The drug maker had reported a net profit of Rs 23.79 crore in the same period of previous fiscal year. Net revenue however rose to Rs 399.19 crore in the third [...]
New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed the draft papers with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).The proposed offer consists of a fresh issue of equity shares aggregating up to Rs 370 [...]
Bajaj Electricals Ltd on Tuesday reported a decline of 50.94 per cent in its consolidated net profit to Rs 48.17 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 98.19 crore in the October-December quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing. Its [...]
