Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in the company. The [...]
Public sector lender Indian Bank on Wednesday reported a 42 per cent dip in its standalone net profit at Rs 984 crore in the quarter ended March 2022, after it changed the deferred tax asset calculation from annual to quarterly basis. In the year-ago quarter, the bank's standalone net profit stood at Rs 1,709 crore [...]
Ahmedabad, May 11 (PTI) At over Rs 3,00,000 crore, Gujarat's public debt is the lowest among states with big populations in the country, the state government said on Wednesday. Speaking to reporters in Gandhinagar after a cabinet meeting, education minister Jitu Vaghani also informed that road projects worth Rs 12,200 crore will be completed in [...]
The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day. The category meant for Retail Individual Investors (RIIs) received 4.10 times subscription, while the portion for non-institutional investors got subscribed fully and Qualified Institutional [...]
Top business leaders and diplomats attended the curtain raiser event of the Global Investors Meet (GIM) held in New Delhi today • CM Bommai urged everyone to join the GIM, which will be held from Nov 2nd - 4th 2022 at Bengaluru In a major international outreach to garner investments for the state, Karnataka Chief [...]
The revenue per available room (RevPAR) in hotels across six major cities rose by 39.1 per cent year-on-year (YoY) during the January-March quarter with a strong recovery in leisure and business travels, according to JLL India. The company has tracked Delhi, Mumbai, Chennai, Hyderabad, Goa and Bengaluru markets. "All six key markets witnessed RevPAR growth [...]
Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year. To give a boost to infrastructure, most of the capex in the current financial year would be spent on the procurement of heavy earth moving machines (HEMMs), setting up coal handling [...]
Power Finance Corporation Chairman Ravinder Singh Dhillon has been given an additional charge of Chairman and Managing Director (CMD) of REC for three months. The development follows the elevation of S K G Rahate to the post of Secretary, Ministry of Power. "Government of India vide order dated May 10, 2022 has communicated that Ravinder [...]
