Karnataka Chief Minister Basavaraj Bommai on Thursday appealed to Union Minister for Road Transport and Highways Nitin Gadkari to clear projects worth Rs 1 lakh crore in the state. He also requested him to undertake projects related to ring roads in Raichur, Gadag, Koppal and Shivamogga as well. "We mainly discussed the works of the [...]
The Indian FMCG sector witnessed improvement in margins and slow growth in the December 2022 quarter but the rural markets continued to drag as retail inflation stayed at elevated levels, according to industry players. Godrej Consumer Products Ltd (GCPL) and Marico reported that although there is softness in demand, there has been an improvement partly [...]
Shares of Bajaj Finance on Thursday tanked over 7 per cent, with its market valuation falling Rs 28,681.29 crore, after its December quarter updates. The stock tumbled 7.21 per cent to settle at Rs 6,099.85 apiece on the BSE. During the day, it plunged 8.23 per cent to Rs 6,032.25. On the NSE, it went [...]
State-owned power giant NTPC on Thursday crossed the 300 billion units (BU) mark of electricity generated during the current fiscal year. As of January 5, 2023, NTPC has recorded a PLF (plant load factor or capacity utilisation) of 73.7 per cent, compared to 68.5 per cent during the corresponding period in FY22, against the overall [...]
The CBI has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan in a new bank fraud case involving an amount of Rs 140 crore pertaining to their subsidiary Guruashish Construction, officials said on Thursday. The fresh action was initiated on a complaint from the Union Bank of India against the businessmen who are embroiled in [...]
Pitching Uttar Pradesh as a safe investment destination, Chief Minister Yogi Adityanath on Thursday assured industrialists of a strong law and order situation devoid of fear and free of land mafia. "You must have seen that before 2017, there used to be riots every other day, now the law and situation in the state is [...]
Equity benchmarks buckled under selling pressure for the second straight session on Thursday as traders reduced their exposure to riskier assets after minutes from the US Federal Reserve's latest meeting indicated more rate hikes this year. Continuous foreign fund outflows added to the selling pressure, market participants said. Paring initial gains, the 30-share BSE Sensex [...]
Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of leading stock exchange BSE. In a regulatory filing last year, BSE said that markets regulator Sebi has approved the appointment of Ramamurthy as its Managing Director & Chief Executive Officer. "Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer [...]
IIFCL Managing Director PR Jaishankar on Thursday made a case for having a dedicated infrastructure law for protecting the interest of all stakeholders and giving a push to this important sector in realising the dream of making India a USD 5 trillion economy. "Infrastructure projects are very long term and generational in nature. A holistic [...]
Electric vehicle charging network developer Statiq on Thursday said it has bagged a contract from Rajasthan Electronics & Instruments Ltd (REIL) to supply 253 fast chargers. These fast chargers are for four-key highway projects connecting Agra-Lucknow, Meerut-Gangotri, Chennai-Bellary, and Mangaldai-Wakro, the company said in a statement. "While this is an outright sale, Statiq will maintain [...]
