New Delhi, Feb 3 (PTI) ICICI Bank on Thursday said it has bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs 4.43 crore, taking its holding in the clearing body to 9.90 per cent. As many as 44,262,356 equity shares at Re 1 per share were allotted to [...]
Kochi, Feb 3 (PTI) In a big boost to the startup ecosystem in Kerala, investments to the tune of Rs 80 crore were announced on Thursday at the 7th edition of the Seeding Kerala Summit organized by the Kerala Startup Mission (KSUM). Thirteen startups out of the 30 select enterprises, which attended the two-day summit [...]
Chennai, Feb 3 (PTI) Electric mobility startup, Oben Electric on Thursday said it has planned to roll out a new product every six months over the next two years.The company on Thursday marked its entry into the electric 2-wheeler segment with the first product -- a high performance motorcycle --- all set to hit the [...]
Mumbai, Feb 3 (PTI) The All India Tyres Federation on Thursday sought removal of anti-dumping duty on tyres and urged the government to lift import restrictions imposed after the Competition Commission of India's (CCI) order on domestic tyre manufacturers for indulging in price rigging and cartelisation. In August 2018, the CCI had imposed a total [...]
New Delhi, Feb 3 (PTI) The business confidence has remained buoyant in the third quarter of the current financial year, though the pace of rise was moderated by a spurt in the number of COVID-19 cases in December 2021, said economic think-tank NCAER. Business sentiments recovered in the October-December quarter of 2021–22 as compared to [...]
New Delhi, Feb 3 (PTI) Sebi on Thursday impounded ill-gotten gains of Rs 3.9 crore from former CNBC Awaaz anchor Hemant Ghai and his family members following a detailed investigation in the matter related to fraudulent trading practices. The detailed investigation by the capital markets regulator revealed total wrongful gains made by them was Rs [...]
Air conditioner and commercial refrigerator maker Blue Star Ltd on Thursday reported 29.37 per cent rise in consolidated net profit at Rs 47.57 crore for the third quarter ended December 2021. The company had clocked a net profit of Rs 36.77 crore in October-December period a year ago, Blue Star said in a regulatory filing. [...]
New Delhi, Feb 3 (PTI) A total length of 16,798.61 kilometres of national highways is under the public-private partnership (PPP) arrangement and 331 fee plazas are operational as of now, Parliament was informed on Thursday. In a written reply to a query to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said [...]
New Delhi, Feb 3 (PTI) Mumbai-based D B Realty Ltd on Thursday said it will raise about Rs 1,575 crore through issue of warrants to its promoters as well as investors Godrej Properties and Pinnacle Investments, as part of its strategy to cut debt and spur business growth. In a regulatory filing, D B Realty [...]
New Delhi, Feb 3 (PTI) Adani Power Maharashtra Ltd (APML) has shot off a letter to Maharashtra State Electricity Distribution Co. Ltd for payment of Rs 10,135 crore toward supply of electricity by APML following the apex court's direction to pay at least 50 per cent of the outstanding dues. Referring to the Supreme Court [...]
