by PTI News | Mar 28, 2022 | 10:40 pm | News
Pune, Mar 28 (PTI) In order to save lives on roads in Pune, Tactical Urbanism Trials (TUL) were launched at the Undri Chowk and Khadi Machine Chowk on the city's outskirts, an organisation said on Monday. These trials are being conducted by the Save LIFE Foundation in association with the Pune Municipal Corporation and the [...]
by PTI News | Mar 28, 2022 | 10:26 pm | News
New Delhi, Mar 28 (PTI) Capital markets regulator SEBI on Monday asked bankers of Baba Ramdev-led Patanjali group's Ruchi Soya to give an option to investors in its ongoing follow-on public offer of shares to withdraw their bids while also cautioning them about "circulation of unsolicited SMS" about the share sale. The development assumes significance [...]
by PTI News | Mar 28, 2022 | 10:17 pm | News
New Delhi, Mar 28 (PTI) Relaxing its earlier directions, Sebi on Monday removed the securities market ban imposed on eight entities with respect to alleged insider trading activities in the shares of Poonawalla Fincorp Ltd, which was earlier known as Magma Fincorp. Passing a 62-page confirmatory order, the regulator said the eight entities are now [...]
by PTI News | Mar 28, 2022 | 9:54 pm | News
New Delhi, Mar 28 (PTI) Ruchi Soya Industries' follow on public offer to raise up to Rs 4,300 crore was subscribed 3.60 times on the final day on Monday. The Follow on Public Offer (FPO) opened on March 24 and the company raised Rs 1,290 crore from anchor investors. Bids of more than 17.60 crores [...]
by PTI News | Mar 28, 2022 | 9:52 pm | News
New Delhi, Mar 28 (PTI) Chinese telecom gear maker Huawei on Monday said that it has been facing multiple challenges in India, but is committed to support customers in the country. Huawei India CEO David Li while unveiling the company's annual financial report for 2021 at a virtual event said that the company is monitoring [...]
by PTI News | Mar 28, 2022 | 9:39 pm | News
New Delhi, Mar 28 (PTI) Markets watchdog Sebi on Monday penalised erstwhile Essar Steel India Ltd, which is now known as ArcelorMittal India Pvt Ltd, for lapses in making disclosures related to issuance of non-convertible debentures. However, the imposition of Rs 2 lakh fine on the entity would be subject to the outcome of appeals [...]
by PTI News | Mar 28, 2022 | 9:33 pm | News
Mumbai, Mar 28 (PTI) The second-largest mortgage lender Indiabulls Housing Finance is planning to raise Rs 50,000 crore next fiscal to fund its expected 15-20 per cent loan growth which will take its balance sheet near to the pre-pandemic peak when it had crossed the Rs 1-lakh-crore mark, a senior company official said on Monday. [...]
by PTI News | Mar 28, 2022 | 9:16 pm | Company Results, News
New Delhi, Mar 28 (PTI) Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple brokerage reports. Credit Suisse, in a note on Bharti Airtel, said that while the 5G auctions are likely in the first quarter (Q1) [...]
by PTI News | Mar 28, 2022 | 9:12 pm | Economy, News
New Delhi, Mar 28 (PTI) More than 37,000 users have joined the digital payment service meant for feature phones while 21,833 successful transaction have taken place since its launch on March 8, 2022, Parliament was informed on Monday. The UPI123Pay service is available for feature phones without internet. Prior to the launch of this service, [...]
by PTI News | Mar 28, 2022 | 8:53 pm | News
Mumbai, Mar 28 (PTI) Reserve Bank's new rules for microlenders, who have been deeply impacted in the pandemic because of loan losses, will help widen profits by giving such entities greater flexibility in operations, a report said on Monday.Removing the interest margin cap on loans, the biggest change in regulation, will help NBFC-MFIs (non-banking finance [...]
