Sebi is considering filing an appeal in the Supreme Court against an order by the Securities Appellate Tribunal that set aside the capital markets regulator's disgorgement directive in the NSE co-location case. The Securities Appellate Tribunal (SAT) on Monday set aside Sebi's order for disgorging profit worth Rs 625 crore in the co-location case but [...]
The work on setting up of a scrap-based steel plant by Tata Steel kicked off on Tuesday in Ludhiana, Chief Minister Bhagwant Mann said. "This is just the beginning as we deliver what we say and the day is not far when we will make Punjab a frontrunner state in the industrial growth across the [...]
In the run up to the global investors' summit in Lucknow, district authorities on Tuesday inked 64 memorandum of understandings (MOU) for investment worth Rs 1,743.57 crore. District Magistrate Mahendra Bahadur Singh after attending the Kheri investors and exporters' meet said, "64 MOUs executed on Tuesday intended to set up projects worth Rs 1,743.57 crore [...]
Benchmark indices Sensex and Nifty declined in early trade on Wednesday due to selling in financials, oil and IT stocks amid weak global trends. The 30-share BSE Sensex fell by 268 points or 0.44 per cent to 60,709.93 as 24 of its constituents declined. The index opened lower at 60,834.73 and dropped further to a [...]
The Punjab government is mulling to sell surplus coal generated from its captive mine in Jharkhand to private power producers, chief minister Bhagwant Mann said here on Tuesday. Mann said such a move will help reduce the cost of electricity for people in Punjab, and added that his government is in touch with the Union [...]
Karur Vysya Bank on Monday reported a 56 per cent jump in profit at Rs 289 crore for the quarter ended December 2022, helped by a rise in interest income and decline in bad loans. Its net profit stood at Rs 185 crore in the same quarter of the preceding financial year. Total income increased [...]
Indian Oil Corporation has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, a senior company official said on Tuesday. The projects include 'grass-roots terminal' at Asanur and Vallur, 'captive petroleum' project, oil and lubricant-LPG jetty at [...]
Amid outrage over a plan to give powers to its arm PIB to police fake news on social media, Union Minister Rajeev Chandrasekhar on Tuesday said that the government will next month hold discussions with stakeholders before the proposal is implemented. The minister said that the rules for regulating online gaming are expected to be [...]
Akasa Air on Tuesday announced it will operate daily flights between Hyderabad and Bengaluru and between Hyderabad and Goa starting from January 25. Two additional Hyderabad-Bengaluru frequencies will be added starting February 15, the airline said. Akasa Air Co-Founder and Chief Commercial Officer Praveen Iyer said, "Commencing operations from Hyderabad, our 13th destination with daily [...]
TVS Motor Company on Tuesday said its consolidated net profit increased by 28 per cent to Rs 304 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 237 crore for the October-December period of previous fiscal. Total revenue increased to Rs 8,075 crore during the quarter [...]
