The Ministry of Ports, Shipping and Waterways will invite expressions of interest (EOI) from interested players for a Rs 41,000 crore international transhipment port project at Great Nicobar Island in the Bay of Bengal. The ministry in a release on Friday said that the project is expected to be complete with an investment of Rs [...]
Debt-ridden Vodafone Idea's board will meet on Tuesday to discuss a proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure. Vodafone Idea (VIL) and ATC had agreed to extend the last date to issue optionally convertible debentures (OCD) till February 28 after the shareholder's approval to issue the debentures lapsed [...]
The Adani Group on Thursday said it is examining legal options to take "punitive action" against Hindenburg Research for its "reckless" attempt to sabotage a mega share sale at the conglomerate's flagship firm - a statement that the US activist investor responded by saying it stands by its report that alleged "brazen" market manipulation and [...]
The CBI has filed an FIR against telecom infrastructure major GTL for allegedly diverting a substantial portion of a Rs 4,760 crore loan availed from a consortium of banks led by IDBI Bank, officials said. The agency has booked the company, unidentified directors, public officials and vendors under IPC sections related to criminal conspiracy, cheating [...]
India and Egypt have reaffirmed their commitment to the founding values of the Non-Aligned Movement (NAM), international law and respect for the sovereignty and territorial integrity of all states. It was mentioned in a joint statement released on Thursday, a day after Prime Minister Narendra Modi and visiting Egyptian President Abdel Fattah El-Sisi held wide-ranging [...]
Equity benchmarks Sensex and Nifty fell in early trade on Friday dragged down by banking shares and Reliance Industries along with continuous foreign fund outflows. The 30-share BSE benchmark tanked 578.19 points to 59,626.87 in initial trade. The broader NSE Nifty fell 144.7 points to 17,747.25. From the Sensex pack, ICICI Bank, HDFC, Axis Bank, [...]
FMCG firm Jyothy Labs Ltd has posted a 77.25 per cent jump in its consolidated net profit at Rs 67.39 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 38.02 crore in the same period last fiscal, it said in a regulatory filing. Consolidated revenue [...]
Blue Dart Express on Wednesday reported a 28 per cent dip in standalone profit after tax (PAT) to Rs 86.9 crore in the December 2022 quarter. The company had posted a standalone PAT of Rs 122.20 crore in the third quarter of the previous fiscal, the company said in a statement. Its revenue from operations [...]
Amara Raja Batteries on Wednesday said its consolidated net profit increased by 53 per cent to Rs 222 crore for the third quarter ended December 2022. The company had reported a net profit of Rs 145 crore in the October-December period of last fiscal. Total income rose to Rs 2,664 crore in the third quarter [...]
Air India has offered around 98 crore shares of the company to its permanent employees as part of a stock option scheme. The shares are also being offered to the permanent staff of Air India Express as part of the Employees' Share Benefit (ESB) Scheme 2022, according to a document. The Tata group took over [...]