A consortium led by state-owned Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth more than Rs 9,600 crore to supply 80 sleeper class Vande Bharat trains to Indian Railways over a period of six years. There is a demand for running sleeper class Vande Bharat or Train18 trainsets as these can ply on [...]
The country's largest private sector lender HDFC Bank on Tuesday said it proposes to raise Rs 50,000 crore from issuance of debt instruments on a private placement mode in the next 12 months. The company's board of directors will consider the proposal at its meeting on April 15. "... we wish to inform you that [...]
Tiger Global Management on Tuesday offloaded shares worth Rs 388 crore of supply chain player Delhivery through an open market transaction. Internet Fund III Pte, a fund managed by US-based private equity firm Tiger Global Management, sold the shares of Delhivery. According to the bulk deal data available with BSE, Internet Fund III Pte offloaded [...]
Leading wine producer Sula Vineyards Ltd on Tuesday said sales volume from its own brands crossed 1 million cases in FY23. Besides, sales volumes in elite & premium wines went past the 5 lakh cases mark for the first time, it said in a sales update for Q4 & FY23 submitted to the bourses. "The [...]
Adani Enterprises Ltd (AEL) on Tuesday said it has incorporated a wholly-owned subsidiary for carrying out coal washery related business. "The company has incorporated a WOS (Wholly-Owned Subsidiary) Pelma Collieries Ltd (PCL) on April 7, with an initial authorised share capital of Rs 10,00,000 and paid-up share capital of Rs 5,00,000," it said in a [...]
The Madhya Pradesh Investment Promotion Committee headed by Chief Minister Shivraj Singh Chouhan on Tuesday approved a revised proposal of Rs 43,000-crore to Rs 50,000-crore for the expansion of Bina Refinery of Bharat Petroleum Corporation Limited (BPCL) and setting up of a petrochemical project, an official said. The project is expected to provide employment to [...]
Shareholders of NLC India Ltd have approved the appointment of Prasanna Kumar Motupalli as Chairman and Managing Director (CMD) of the company. The members of NLC India have passed the ordinary resolution approving his appointment to the top post, the company said in a regulatory filing on Tuesday. NLC India, under the Ministry of Coal, [...]
Bharti Airtel has told regulator Trai that broadcasters are violating the downlinking policy by providing broadcast content to unregistered digital distribution platforms. The telecom player's submission to the watchdog is seen as an apparent reference to Jio TV showing IPL 2023 matches. Bharti Airtel has said the delivery of the same broadcast on broadband through [...]
Union Finance Minister Nirmala Sitharaman on Tuesday had a meeting with her counterpart from Saudi Arabia Mohammed Aljadaan during which they discussed the global debt crisis and strengthening of the multilateral development banks, an Indian initiative under its G-20 presidency. "H.E. Minister Nirmala Sitharaman and I discussed the #G20 agenda, and the progress made," Aljadaan [...]
India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms. Alok B Shriram, CEO of manufacturing company DCM Shriram Industries, who is in the US as part of [...]
