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) [...]
New Delhi, Mar 28 (PTI) Tata AIA Life Insurance's total premium income is likely to grow over 30 per cent to cross Rs 14,000 crore in the current fiscal, a top company official has said. The industry growth for the first 10 months of the year has been about 20 per cent mainly because of [...]
New Delhi, Mar 28 (PTI) Realty firm Godrej Properties Ltd on Monday said it has entered into an agreement to develop a 33-acre land parcel in Bengaluru and expects around Rs 2,000 crore revenue from this upcoming residential project.The land is located in the residential micro-market of Bannerghatta Road in South Bengaluru, Godrej Properties said [...]
New Delhi, Mar 27 (PTI) Adani Finserve, ICICI Lombard, Tata AIG, HDFC Ergo, and Nippon Life Insurance are among the 54 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The last date for submission of bids for the debt-ridden firm had been extended [...]
New Delhi, Mar 27 (PTI) Bank of Maharashtra (BoM) has received the best bank award at national level under the public sector category from State Forum of Bankers' Clubs Kerala (SFBCK). Kerala's Industries and Commerce Minister P Rajeeve handed over the award to BoM Managing Director A S Rajeev, the bank said in a statement [...]
New Delhi, Mar 25 (PTI) Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3.5 per cent from April 1 to offset the impact of rise in input costs. The price increase will be brought into effect to adjust the material and logistics costs, impact [...]
New Delhi, Mar 25 (PTI) Chemical manufacturer Gujarat Polysol Chemicals Ltd (GPCL) has filed its preliminary papers with Sebi to raise Rs 414 crore through an initial public offering. The initial share sale comprises a fresh issue of equity shares aggregating up to Rs 87 crore and an offer-for-sale (OFS) of equity shares aggregating up [...]
Auto components major Motherson on Thursday said it has bagged an order from Boeing to manufacture and supply aftermarket molded polymer parts for commercial airplane interiors. This is the first order for Motherson from Boeing and will commence from the third quarter of FY23. It will be produced at a plant situated in Noida, the [...]
India's top fuel retailers IOC, BPCL and HPCL together lost around USD 2.25 billion (Rs 19,000 crore) in revenue for keeping petrol and diesel prices on hold during elections in five states, including Uttar Pradesh, Moody's Investors Services said on Thursday. State fuel retailers did not revise petrol and diesel rates for a record 137 [...]
New Delhi, Mar 24 (PTI) State-owned Airports Authority of India (AAI) received revenues worth around Rs 13,439 crore from Delhi and Mumbai airports in the last five financial years, according to the civil aviation ministry. Under Public Private Partnership (PPP), Delhi and Mumbai airports were handed over to the private partners in 2006. "During the [...]
