Transformers and Rectifiers (India) Ltd on Thursday said it has secured new orders worth Rs 123 from one of the central utilities. With the latest win, the company's order book now stands at Rs 1,513 crore, it said in a regulatory filing. "Transformers and Rectifiers (India) has been awarded orders of transformers for a total [...]
Equity benchmarks closed in the positive territory after trading lower for most part of the session on Thursday on fag-end buying in telecom, banking and metal stocks amid expiry of monthly derivative contracts. The 30-share BSE Sensex climbed 223.60 points or 0.37 per cent to settle at 61,133.88. During the day, it had declined 431.22 [...]
NTPC Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 100.11 crore to NTPC for 2022-23. NTPC Tamil Nadu Energy Company Limited is a 50:50 joint venture of NTPC Limited and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). "NTECL paid second interim dividend of Rs 100,11,68,090 for the year 2022-23 [...]
The wave of consolidation is likely to hit the shores of the country's fast-growing retail industry next year also as larger players seek to strengthen their footprints, leverage technologies to improve efficiency and expand beyond metros. While the growth prospects are promising, the industry is entering 2023 with "cautious optimism" amid inflationary headwinds and concerns [...]
Nov’22 disbursements grew by 54% year on year • The total disbursals of 30,194 in Nov’22 vs 11,868 in Nov’21 resulted in 154% growth Bajaj Markets, a subsidiary of Bajaj Finserv announced that they have recorded a disbursement of Rs 402 Crores in Nov’22, delivering a 54% year-on-year (YoY) growth. The total disbursals of 30,194 [...]
Public sector banks appear to be out of the woods as they managed to reduce their bad loans and post record profits this fiscal, a trend which is likely to continue in 2023 also. Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability [...]
The new emission standard, Bharat Stage TREM IV, for tractors of engine power of over 50 horse power set to kick in from January 2023, will impact around 7-8 per cent of the domestic volume and manufacturers are expected to gradually pass the cost increases to customers, according to ratings agency ICRA. A big proportion [...]
Dr Reddy's Laboratories on Thursday said all claims against it in the antitrust litigation filed in the US, related to a prescription medicine Revlimid, used in treatment of multiple myeloma have been dismissed. In a regulatory filing, the company said on December 22, 2022 and December 27, 2022, the plaintiffs voluntarily dismissed Dr Reddy's Laboratories [...]
Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, is in advance talks with rival Kurlon to acquire its business, according to industry sources. If it goes through, the deal will help Sheela Foam, a market leader in the fast-growing branded mattress category, to expand its business in South, West and other markets where [...]
Shares of KFin Technologies made a muted market debut on Thursday and listed on a flat note. The stock made its debut at Rs 369, higher by just 0.81 per cent, against the issue price of Rs 366 on the BSE. It later hit a high of Rs 369.40 and a low of Rs 352.65. [...]
