Shares of Jio Financial Services Ltd, the demerged financial services unit of Reliance Industries, fell by 5 per cent on Wednesday to hit its lower circuit limit for the third day running. The stock declined 5 per cent to hit its lower circuit limit of Rs 227.25 on the BSE. At the NSE, it fell [...]
State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has successfully manufactured the first set of indigenous SCR Catalysts for limiting NOx emissions from thermal power plants. These selective catalyst reactors (SCR) were hitherto being imported and this is a significant milestone under the 'Make in India' initiative of the government, a [...]
The Initial Public Offering (IPO) of stainless steel flexible hose manufacturer Aeroflex Industries was subscribed 6.69 times on the first day of subscription on Tuesday. The Rs 351 crore IPO received bids for 15,52,35,730 shares against 2,32,17,667 shares on offer, as per NSE data. The category for non-institutional investors received 14.05 times subscription while the [...]
Leading stock exchange BSE on Tuesday postponed the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, from all the S&P BSE Indices to August 29. Earlier, the stock was scheduled to be removed from the indices on August 24. Jio Financial Services Ltd (JFSL) got listed [...]
State-owned Power Finance Corporation (PFC) will seek shareholders' approval for the issuance of bonus shares by capitalising up to Rs 660.02 crore in its securities premium account. PFC has proposed to issue bonus shares by capitalising securities premium accounts to the extent that each shareholder is entitled to a new equity share of Rs 10 [...]
Bharat Petroleum, the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has unveiled, cricketing legend and current Head Coach of the Indian cricket team, Rahul Dravid as its new brand ambassador. This incredible partnership underscores our unwavering commitment to quality, authenticity, and excellence. Rahul Dravid's remarkable sportsmanship, role [...]
Debt-ridden telecom operator Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI. "Vodafone Idea [...]
Drug firm Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug. US-based Glenmark Pharmaceuticals Inc, a subsidiary of the company, has entered into a three-year deferred prosecution agreement with DOJ involving historical pricing practices by [...]
Realty firm Brigade Enterprises Ltd has acquired a 6.54-acre land parcel in Chennai from Pfizer Healthcare India for nearly Rs 139 crore to develop a residential project. The company has entered into a sale deed on Monday for acquiring 6.54 acres of land parcel located at Rajiv Gandhi Salai (Old Mahabalipuram Road), Sholinganallur, Chennai. In [...]
German luxury sports car maker Porsche AG expects around 80 per cent of its sales in India to come from fully electrified vehicles by 2030 and is lining up three such new vehicles to be introduced here early next year, a senior company official said on Tuesday. The company, which sells a range of luxury [...]
