New Delhi, Jan 25 (PTI) Edible oil major Adani Wilmar Ltd (AWL) on Tuesday said it has garnered Rs 940 crore from anchor investors, days before its initial public offering (IPO) roll-out. The company has decided to allocate around 4.09 crore equity shares to anchor investors at Rs 230 apiece, aggregating the transaction size to [...]
New Delhi, Jan 25 (PTI) Expressing concern over the use of diesel in the construction industry, Union Minister Nitin Gadkari on Tuesday said the sector must work for substitution of the fossil fuel with alternative fuels like bio-ethanol, LNG and CNG, which will not only reduce hazardous emissions but also cut the huge import bill. [...]
New Delhi, Jan 25 (PTI) Uttam Galva Steels Limited on Tuesday posted a consolidated net loss of Rs 59.64 crore during the third quarter ended on December 31, 2021. The company had posted Rs 26.82 crore net profit in the year-ago quarter, Uttam Galva Steels said in a regulatory filing. During the October-December period, the [...]
New Delhi, Jan 25 (PTI) RPG Life Sciences on Tuesday said its net profit increased 14 per cent to Rs 14.63 crore for the third quarter ended December 31, 2021. The company had reported a net profit of Rs 12.87 crore in the same period of the previous fiscal. Revenue from operations rose to Rs [...]
New Delhi, Jan 25 (PTI) Traders' body CAIT on Tuesday wrote to Home Minister Amit Shah seeking a ban on the e-commerce giant Amazon's portal for alleged violation of the Flag Code of India. In a letter to Shah, the Confederation of All India Traders (CAIT) requested him to "direct the concerned government authorities to [...]
London, Jan 25 (PTI) UK-headquartered consumer goods giant Unilever on Tuesday announced a major organisational shakeup to make the company leaner, which involves some of its Indian-origin executives, and plans to lay off 1,500 staff as part of the wider restructuring of its global operations.Sanjiv Mehta retains executive leadership of Mumbai-headquartered subsidiary Hindustan Unilever, while [...]
Mumbai, Jan 25 (PTI) Noting that household consumption, which forms as much as 55 per cent of the GDP, has contracted by 10.1 per cent in FY21, a report has called for some radical measures in the forthcoming Budget to undo the damages by adopting a loose fiscal policy and focusing on near-term income and [...]
New Delhi, Jan 25 (PTI) Realty firm Elan group has bought around 40 acres of land in Gurugram from Indiabulls Real Estate Ltd (IBREL) for Rs 580 crore for the development of housing and commercial projects. Sources said the 40 acre land parcel at Sector 106 in Gurugram is fully licensed. Out of that, 30 [...]
New Delhi, Jan 25 (PTI) Aavishkaar Capital, in partnership with German state-owned investment and development bank KfW, on Tuesday announced the launch of a USD 250 million ESG First Fund. The fund will focus on strengthening the Environmental, Social and Governance (ESG) practices of mid-cap businesses while offering them flexible capital to scale to new [...]
New Delhi, Jan 25 (PTI) Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on [...]
