New Delhi, Apr 16 (PTI) HDFC Bank on Saturday said it will raise up to Rs 50,000 crore in the next one year by issuing bonds aimed at financing infrastructure and affordable housing loan requirements of the customers. The decision was taken at the meeting of the board of directors. The board has approved the [...]
New Delhi, Apr 16 (PTI) Mahindra Holidays & Resorts India Ltd on Saturday said it will increase its holding in Rocksport Pvt Ltd, a firm engaged in soft adventure activities and learning programmes, to 23.42 per cent with the acquisition of a tad over 4.88 lakh equity shares for Rs 12 crore. The company has [...]
Mahindra & Mahindra (M&M) on Saturday said it has agreed to sell over 34.75 lakh shares, constituting 22.81 per cent of the paid-up capital, in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), to Japan-based Sanyo Special Steel Co Ltd in a Rs 212 crore deal. Following the sale, the company's holding in MSSSPL would become [...]
Guwahati, Apr 16 (PTI) The Northeast Frontier Railway (NFR) has registered an increase of 18 per cent in freight unloading in the last financial year, an official statement said on Saturday. “During the recently completed financial year from April, 2021 to March, 2022, N. F. Railway carried 13,757 rakes of freight trains as against 11,659 [...]
ICICI Prudential Life Insurance on Saturday posted over a two-fold jump in its net profit to Rs 185 crore for the January-March quarter on account of robust growth in new business. The company had posted a profit after tax of Rs 64 crore for January-March FY2021, ICICI Prudential Life Insurance said in a regulatory filing. [...]
Bhubaneswar, Apr 16 (PTI) India’s first Skill India International Centre will be set up in Bhubaneswar for training youths with an aim to enhance overseas opportunities for the skilled workforce. A memorandum of understanding was exchanged between the National Skill Development Corporation (NSDC) and the Skill Development Institute (SDI) on Saturday in presence of Union [...]
New Delhi, Apr 16 (PTI) There is an urgent need for mineral sector reforms to accelerate GDP and boost exports, says a book which also suggests that all existing and future "captive mines" may be converted to "merchant mines" enabling to increase supply of minerals and coal to small or medium-sized businesses.In "Jan Andolan: For [...]
Chennai, Apr 16 (PTI) Oriental Hotels Ltd, an associate company of the Indian Hotels Company Ltd and a part of the Taj Group, has recorded profitability for the second consecutive quarter and the business looks positive with April 2022 trending higher than the same period in 2019, a top company official said on Saturday. Oriental [...]
Indore, Apr 16 (PTI) Software export from four IT special economic zones, including those of TCS and Infosys, here climbed to Rs 1,761.19 crore in the last fiscal, registering around 52 per cent growth following a surge in demand in IT services. The four IT SEZs accounted for Rs 1,161.40 crore of exports in 2020-21, [...]
