West Bengal Industry Minister Partha Chatterjee on Monday said the state government has given its nod to Adani Enterprises for setting up a hyper-scale data centre park at Bengal Silicon Valley in the New Town area on the outskirts of the city. Addressing a press conference at the state assembly, Chatterjee said the cabinet gave [...]
Domestic brokerage Angel One, formerly Angel Broking, crossed the 10-million customers mark in May, more than doubling its customer base over the past 12 months. In May alone, it added over 0.47 million new customers, taking its overall customer base to 10.10 million. On an annualised basis, the gross addition grew by 108.7 per cent [...]
India’s biggest oil firm corporation, Indian Oil reported a drop in its consolidated net profit during its fourth-quarter by 26.36%. This was due to the margin squeeze in petrochemicals and losses in auto fuel sales. The share is currently trading at ₹117.60 on the NSE and ₹117.65 on the BSE. The Company reported a consolidated [...]
Tata Power has partnered with real estate company Kolte-Patil Developers Ltd (KPDL) to set up e-charging stations across its projects in Pune, Mumbai and Bengaluru for the convenience of electric vehicle owners. As part of the wider green mobility adoption, EVs and the charging infrastructure play a key role to mitigate climate change challenges in [...]
Canara Bank and Karur Vysya Bank on Monday said they have revised their lending rates leading to an increase in EMIs linked to the respective benchmarks. State-owned Canara Bank has raised the marginal cost of funds based lending rate (MCLR) by 0.05 per cent of 5 basis points to 7.40 per cent for one year [...]
SBI Cards and Payment Services (SBI Card) on Monday said its board has approved a proposal to raise Rs 2,500 crore by issuing non-convertible debentures (NCDs) to fund business growth. The fund would be raised in one or more tranches, SBI Card said in a regulatory filing. The NCD issuance would be done on a [...]
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against RHC Holding, an entity promoted by former promoters of erstwhile Ranbaxy and Fortis Healthcare. RHC Holding is promoted by brothers -- Shivinder Singh and Malvinder Singh. A two-member NCLAT bench had admitted an appeal filed by Daiichi Sankyo against an order passed [...]
Maruti Suzuki India (MSI) on Monday said it has set up a 20 MWp solar power plant at its Manesar-based manufacturing facility. The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually. "Harnessing renewable energy is the need of the hour. We [...]
Steel Ministry will convene a meeting of shareholders and creditors of state-owned NMDC on Tuesday to expedite the process of demerging the company's under construction Nagarnar Steel Plant (NSP). The Centre is aiming to complete the demerger of NSP from MMDC within the next four to five months, according to an official document. NMDC is [...]
Tata Motors on Monday said it has bagged an order for supply of 10,000 XPRES-T EV units from BluSmart Electric Mobility. The deployment of 10,000 units makes this the biggest ever EV fleet order in India, the auto major said in a statement. With deliveries starting soon, these vehicles are an addition to the 3,500 [...]
