FMCG firm Tata Consumer Products Ltd (TCPL) on Thursday said it has acquired 23.3 per cent additional shares of South Africa-based Joekels Tea Packers for Rs 43.65 crore through a step-down subsidiary. Tata Consumer Products Overseas Holdings Ltd (TCP Overseas) -- a step-down wholly-owned subsidiary of the company through Tata Consumer Products UK Group -- [...]
Evacuation of coal from Talcher coalfields in Odisha’s Angul district is set to get a boost with the inauguration of the Rs 300-crore Angul-Balram rail link on Thursday. The project, inaugurated by Union Coal and Mines Minister Pralhad Joshi, in the presence of his cabinet colleagues Dharmendra Pradhan and Ashwini Vaishnaw, is likely to enable [...]
Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said on Thursday. In his foreword to the 26th Financial Stability Report (FSR), Das said the international economic order stands challenged and financial markets are [...]
The RBI on Thursday said banks' gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said the global economy is facing formidable headwinds with recessionary risks looming large. The interplay [...]
Karnataka Chief Minister Basavaraj Bommai on Thursday said the State government is bringing in fiscal discipline by restricting deficit to Rs 62,000 crore. The deficit of Rs 62,000 crore is only 2.82 per cent of the Gross State Domestic Product (GSDP), Bommai said adding that the Centre has permitted the fiscal deficit up to 3.5 [...]
Direct-to-Home operator Dish TV on Thursday said it has appointed former bureaucrat Lalit Behari Singhal as an independent director to its board. The company's board, at its meeting held on Thursday, "considered and appointed Lalit Behari Singhal, as an Independent Director of the company with effect from December 29, 2022, for a term of 5 [...]
The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ended September, from 2.2 per cent GDP during the April-June period, due to higher trade gap, as per data released by the Reserve Bank on Thursday "India's current account balance recorded a deficit of USD 36.4 billion (4.4 per [...]
Speciality chemical manufacturer Survival Technologies has filed preliminary papers with markets regulator Sebi to mop-up Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to up to Rs 200 crore, and an Offer For Sale (OFS) aggregating to up to Rs 800 crore by its [...]
State-owned MOIL on Thursday said Ajit Kumar Saxena has assumed charge as its Chairman-cum-Managing Director (CMD). MOIL Director (Human Resources) of the company Usha Singh was given the additional charge as CMD earlier after the retirement of MP Chaudhari on October 31, 2022. According to a regulatory filing, "Singh has ceased to be CMD (additional [...]
Minister for Chemicals and Fertilisers Mansukh Mandaviya on Thursday stressed on the need to promote nano liquid urea in place of conventional granular urea, saying that it is better, cheaper, convenient and will help the government in saving a huge amount of subsidy. In June 2021, cooperative IFFCO launched nano urea as an alternative to [...]
