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ABB India net jumps over 2-fold to Rs 370 cr in March quarter

by | May 4, 2022 | 7:19 pm | News

New Delhi, May 4 (PTI) ABB India on Wednesday posted over two-fold jump in its net profit to Rs 370 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The net profit of the company was Rs 151 crore in the quarter ended on March 31, 2021, [...]

ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank

by | May 4, 2022 | 7:08 pm | IPO, News

Mumbai, May 4 (PTI) Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The [...]

AIPEF raises questions on advice to import coal amid rail rake shortage

by | May 4, 2022 | 7:03 pm | News

New Delhi, May 4 (PTI) The All India Power Engineers' Federation (AIPEF) on Wednesday questioned the power ministry's suggestion to thermal power plants to import coal for meeting the supply shortage amid troubles faced in moving domestic coal to the generating units. The federation, which has members from power generation, distribution and transmission utilities, also [...]

ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank

by | May 4, 2022 | 6:49 pm | Corporate Action, IPO, News

Mumbai, May 4 (PTI) Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The [...]

TMC trade union arm burns PM’s effigy, protests against Centre’s policies on jute

by | May 4, 2022 | 6:30 pm | Economy, News

Kolkata, May 4 (PTI) The Indian National Trinamool Trade Union Congress (INTTUC) Wednesday burnt the effigies of Prime Minister Narendra Modi and Union Textiles Minister Piyush Goyal at a rally against Centre's policies on jute here. The agitators submitted a memorandum to the Jute Commissioner Moloy Chandan Chakraborty alleging that the Centre's policies were crippling [...]

Shriram City Union Finance to raise up to Rs 750 crore

by | May 4, 2022 | 6:20 pm | Corporate Action, News

New Delhi, May 4 (PTI) Shriram City Union Finance on Wednesday said it is planning to raise up to Rs 750 crore by issuing bonds on a private placement basis. The banking and securities management committee of the company on Wednesday approved the issue of secured, rated, listed, redeemable, principal-protected and market-linked non-convertible debentures for [...]

Coal Ministry to hold investors’ meet on Friday

by | May 4, 2022 | 6:15 pm | Corporate Action, News

New Delhi, May 4 (PTI) The coal ministry will hold a high-level Investors' Meet on Friday in a bid to attract investments from the private sector. Coal Minister Pralhad Joshi will launch the event to be held in Mumbai. "Joshi will be launching a high level Investors’ Meet in Mumbai on 6th May, 2022 focussing [...]
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