AMNS Luxembourg Holding S.A has signed a USD 5 billion loan agreement with a consortium of Japanese banks to finance the expansion of AMNS India's plant located in Gujarat. ArcelorMittal Nippon Steel (AMNS) India is a 60:40 joint venture between Luxembourg-based ArcelorMittal and Nippon Steel of Japan. "AMNS Luxembourg Holding S.A, the parent company of [...]
Education firm Aakash expects to close the financial year 2023 with Rs 3,000 crore revenue thereby registering three-fold growth since its acquisition by BYJU's, the company said on Friday. BYJU's acquired Aakash Educational Services Limited (AESL) for about USD 950 million, about Rs 7,100 crore, in April 2021. "With AESL's continued expansion in the physical [...]
The first stock of eggs imported from India by Sri Lanka was distributed to the crisis-hit island nation's market, with one egg costing Rs 35 to bakery owners, a media report said on Friday. Sri Lanka imported two million eggs from India to ensure food security in the crisis-hit island nation, Trade and Food Safety [...]
The gross micro loans portfolio grew 20 per cent to Rs 3.16 lakh crore in the quarter ended December 2022 as compared to the year-ago period, a report said on Friday. The gross loan portfolio growth came at 5.5 per cent when compared to the September quarter, according to the report by credit information company [...]
The central government's fiscal deficit touched 82.8 per cent of the full-year target at the end of February due to higher expenses and lower revenue realisations, according to official data released on Friday. In actual terms, the fiscal deficit or gap between the expenditure and revenue collection during April-February period stood at Rs 14.53 lakh [...]
Shares of Reliance Industries jumped over 4 per cent on Friday, helping the equity benchmark indices finish the day with smart gains. A rally in the equity also added Rs 64,723.85 crore to the company's market valuation. The stock rallied 4.29 per cent to finish at Rs 2,331.05 on the BSE. During the day, it [...]
Markets regulator Sebi on Friday cancelled the registration of three brokerage houses for facilitating its clients to trade on the platform of the now defunct National Spot Exchange Ltd (NSEL) in illegal 'paired contracts'. The brokerage houses, whose registrations were cancelled, are Paterson Commodities, Blue Crest Commodities and Fair Intermediate Products. In three separate orders, [...]
Dalal Street investors became poorer by Rs 5.86 lakh crore in 2022-23 fiscal as the equity market faced a tough time in view of plenty of negative triggers such as high inflation, geopolitical conflicts and higher interest rates. The domestic stock market encountered many headwinds this fiscal such as high inflation, the Russia-Ukraine war, higher [...]
State-owned NTPC on Friday said it has registered the highest-ever power generation of 400 billion units -- a 10.8 per cent year-on-year growth in 2022-23. "NTPC Ltd has registered the highest-ever power generation of 400 BU in FY23, a growth of 10.80 per cent via-a-vis previous year," a statement said. NTPC continues to demonstrate an [...]
The government on Friday raised interest rates on most post office saving schemes by up to 0.7 per cent for the April-June 2023 quarter in line with the firming of interest rates in the economy. While the interest rates for popular PPF and savings deposits have been retained at 7.1 per cent and 4 per [...]
