New Delhi, Feb 3 (PTI) The government on Thursday said it is estimated that the country has a requirement of around 1,000 fresh commercial pilots every year. In 2021, a total of 862 commercial pilot licences (CPLs) were issued in the country to cades from Indian and foreign Flying Training Organisations (FTOs), Minister of State [...]
New Delhi, Feb 3 (PTI) Power projects in the country do not have any coal shortage currently and these plants have got 25 per cent higher coal supply of 430.6 million tonnes in April-December 2021 compared to a year ago, Parliament was informed on Thursday. "Presently, there is no shortage of coal for power plants [...]
New Delhi, Feb 3 (PTI) Travel services provider Thomas Cook (India) Ltd on Thursday reported narrowing of its consolidated net loss at Rs 24.59 crore for the third quarter ended December 2021. The company had posted a consolidated net loss of Rs 66.24 crore in the same quarter last fiscal, Thomas Cook (India) said in [...]
Chennai, Feb 3 (PTI): Carborundum Universal Ltd (CUMI) on Thursday said its step down wholly owned subsidiary CUMI Abrasives GmbH has entered into a share purchase agreement with RHODIUS Abrasives, Germany at an enterprise value of Euro 55 million (about Rs 464 crore). In a statement, the company said the transaction was expected to be [...]
New Delhi, Feb 3 (PTI) A consortium of 27 banks Thursday told the Supreme Court that the money lent to Future Retail Ltd (FRL) belonged to the depositors and to safeguard the “public interest”, the entire assets of FRL can be subjected to open bids by Amazon and Reliance with a reserve price of Rs [...]
New Delhi, Feb 3 (PTI) Real estate firm Godrej Properties will invest Rs 400 crore to acquire around 10 per cent stake in DB Realty and another Rs 300 crore to set up a joint platform for undertaking slum redevelopment projects. The total size of the joint platform of Godrej Properties and DB Realty will [...]
Chennai, Feb 3 (PTI): Coromandel International Ltd on Thursday said its Board approved the appointment of TVS Motor Company joint managing director Sudarshan Venu as an additional director for a period of five years with immediate effect. In a statement, the company said his tenure would be for a period of five years. "....the Board [...]
Mumbai, Feb 3 (PTI) The Reserve Bank on Thursday cautioned the public not to undertake forex trading on unauthorised Electronic Trading Platforms (ETPs) or remit money against such transactions as these actions attract penalty under the Foreign Exchange Management Act (FEMA). The RBI said that it has noticed misleading advertisements of unauthorised ETPs offering forex [...]
Adani Power on Thursday posted Rs 218.49 crore consolidated net profit for December quarter 2021-22. The company incurred a loss of Rs 288.74 crore in the year-ago period, a BSE filing stated. Total income stood at Rs 5,593.58 crore in the quarter. It was Rs 7,099.20 crore in the same period a year ago. Total [...]
Mumbai, Feb 3 (PTI) Non-banking financial company Mahindra and Mahindra Finance is aiming to reduce its net non-performing assets (NPA) ratio to below 4 per cent by March-end. In the quarter ended December 31, 2021, the company's net NPA (stage 3 assets), stood at 5.63 per cent (as per IND-AS accounting norms). Under the Reserve [...]
