New Delhi, Jan 19 (PTI) US-based Hunting Energy Services (Hunting PLC) will set up a precision machine shop in a joint venture with homegrown steel pipes maker Jindal SAW at an initial investment of up to USD 25 million (about Rs 175 crore), a top company official said on Wednesday.Addressing a virtual conference, Hunting PLC [...]
New Delhi, Jan 19 (PTI) The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic. This amount is for the payment of claims submitted by lending institutions (LIs) under the scheme for grant of ex-gratia [...]
New Delhi, Jan 19 (PTI) The government on Wednesday approved equity infusion of Rs 1,500 crore in the Indian Renewable Energy Development Agency (IREDA), which would raise its additional lending capacity by Rs 12,000 crore. "The enhanced lending capacity will enable IREDA to finance addition renewable energy capacity of up 4000MW. Present loan book size [...]
New Delhi, Jan 19 (PTI) Tata Investment Corporation Ltd on Wednesday reported a 42.86 per cent jump in consolidated profit after tax to Rs 39.73 crore in the third quarter ended December 31, 2021. The company had posted a consolidated profit after tax of Rs 27.81 crore in the corresponding quarter of the previous financial [...]
Dubai, Jan 19 (PTI) Foreign Minister of the UAE Sheikh Abdullah bin Zayed Al Nahyan visited the India Pavilion at the Dubai 2020 Expo on Wednesday and expressed condolences over the death of two Indians in a drone attack in the Gulf country. Two Indians and a Pakistani national, all staff of the Abu Dhabi [...]
New Delhi, Jan 19 (PTI) Bajaj Auto on Wednesday reported 17 per cent decline in consolidated profit after tax (PAT) at Rs 1,430 crore for the third quarter ended December 31, 2021 on account of lower sales. The company had posted a consolidated PAT of Rs 1,716 crore in October-December period of 2020-21. Total revenue [...]
Patna, Jan 19 (PTI) Power availability in Bihar is likely to look up further with the commissioning of a 660 MW unit in Aurangabad district by the National Thermal Power Corporation. According to Vijay Singh, Regional Executive Director (East-1), NTPC, the third and final unit of Nabinagar Power Generating Company (NPGC) at Nabinagar in Aurangabad [...]
Chennai, Jan 19 (PTI): Diginoor.io, a non-fungible token (NFT) market place founded by city-based entrepreneurs Shaamil Karim and Yash Rathod, on Wednesday said it has raised USD 1 million funding for its plans to hire a talented team. "The round saw participation from Contrary Capital, Polygon Fund, Sandeep Nailwal, Kunal Shah, Embassy Capital MD Abdul [...]
New Delhi/Davos, Jan 19 (PTI) Calling for greater international cooperation to fight the COVID-19 pandemic, German Chancellor Olaf Scholz on Wednesday said the world may run out of Greek alphabet letters for new variants of the virus without a truly global immunisation campaign. In a special address at the World Economic Forum's online Davos Agenda [...]
Chennai, Jan 19 (PTI) Consulting, technology and managed transformational services provider Prodapt on Wednesday said it has acquired Synophic Worldwide, providing network transformational and managed services to digital service providers for an 'undisclosed sum". The acquisition made by Prodapt was its third this financial year. Prodapt earlier announced the acquisitions of Innovative Logic and SLR [...]
