Kolkata, Feb 2 (PTI) HCC Group on Wednesday said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore.It is a 101-km long road which is part of National Highway-12 in West Bengal connecting Kolkata and the port of Haldia to the northern [...]
New Delhi, Feb 2 (PTI) Swedish multinational clothing company H&M on Wednesday announced to introduce H&M Home in India in both online and offline formats. H&M Home offers fashion-forward decor and accessories for every room and style. Its assortment ranges from high-quality bedlinen and dinnerware to diversified textiles, with contemporary style. H&M India has announced [...]
New Delhi, Feb 2 (PTI) Servotech Power Systems posted a consolidated net profit of Rs 1.07 crore in the December quarter, up from Rs 85.97 lakh in the same period a year ago. Total consolidated income of the company rose to Rs 41.42 crore in the quarter ended on December 31, 2021 from Rs 25.03 [...]
New Delhi, Feb 2 (PTI) Drunk driving led to 8,355 road accidents, while driving on the wrong side caused 20,228 mishaps during the calendar year 2020, Parliament was informed on Wednesday. In a written reply to Rajya Sabha, Minister of Road Transport and Highways Nitin Gadkari said a total of 3,66,138 road accidents occurred in India [...]
New Delhi, Feb 2 (PTI) The Centre is yet to sanction Kerala government's proposed Rs 63,941 crore K-Rail project and the detailed project report does not have sufficient details to assess the technical feasibility, Union minister Ashwini Vaishnaw said on Wednesday. In a written reply to the Lok Sabha, the railways minister also emphasised that [...]
New Delhi, Feb 2 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) will soon approach the Union Cabinet to seek its approval on changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, a top government official said on Wednesday. DPIIT Secretary Anurag Jain said [...]
New Delhi, Feb 2 (PTI) Sugar mills have exported 26.5 lakh tonnes of sugar in the first four months of the 2021-22 marketing year ending September, the government said on Wednesday. In 2020-21, 70 lakh tonnes of sugar was exported. In reply to a Lok Sabha question, Minister of State for Food and Consumer Affairs [...]
New Delhi, Feb 2 (PTI) The Budget proposals seek to stimulate the economy by stepping up public investments, which will create demand for industrial inputs like cement, steel and capital goods, and generate jobs, Economic Affairs Secretary Ajay Seth said. Finance Minister Nirmala Sithaharaman in her Budget 2022-23 hiked public investment by as much as [...]
Mumbai, Feb 2 (PTI) Axis Mutual Fund is targeting to collect Rs 100 crore from its new equity ETF fund of funds during the primary subscription period, which opens on February 4 and closes on 18. The open-ended fund of fund scheme will predominantly invest in units of domestic equity ETFs and is looking to [...]
New Delhi, Feb 2 (PTI) Zee Entertainment Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 298.98 crore for the third quarter ended December 2021. The company had reported a net profit of Rs 398.01 crore in the October-December period a year ago, Zee Entertainment Enterprise Ltd (ZEEL) said in a BSE filing. [...]
