The Board of Control for Cricket in India (BCCI) has paid Rs 1,159 crore in income tax in the 2021-22 fiscal, 37 per cent higher than the previous year. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the income tax paid by [...]
IT major Tata Consultancy Services on Tuesday said it has bagged a contract from the government to redesign and build a new version of the public procurement platform Government e-Marketplace (GeM). The GeM platform provides an end-to-end online marketplace for the central and state government bodies, including public sector undertakings, for procurement of common-use goods [...]
State-run Bharat Electronics Limited has set a target of Rs 20,300 crore for financial year 2023-24 as demand for indigenous products is driving growth for the company, its Chairman and Managing Director Bhanu Prakash Srivastava said on Tuesday. He also stated the order book of the 'Navratna' PSU under the Ministry of Defence stands at [...]
The initial public offer of Concord Biotech was subscribed 2.03 times on the second day on Monday. Kotak Mahindra Capital Company, Citigroup Global Markets India and Jefferies India are the managers to the offer. The Rs 1,550.59-crore public offering received bids for 2,34,03,680 shares against 1,15,13,609 shares on offer, according to NSE data. The portion [...]
TVS Supply Chain Solutions, part of TVS Mobility Group, on Monday, said it has fixed a price band of Rs 187-197 per share for its Rs 880 crore Initial Public Offering (IPO). The initial share sale will be open for public subscription during August 10-14 and the bidding for anchor investors will open on August [...]
Sunsure Energy Sunsure Energy is one of India's largest C&I focused Renewable Energy Power Producers. Sunsure is backed by Partners Group AG with a $400 million equity investment for developing over 3 GW of RE assets by 2027. Founded in 2015, Sunsure has developed and installed solar power plants for power-intensive industrial customers across 16 [...]
In the global market for high-end speciality chemicals, Vikas Ecotech is a rising participant. The business is committed to meeting consumer needs and providing the globe with items that are technologically advanced and eco-friendly. Vikas Ecotech Limited (VEL) on Monday announced its foray into the conventional energy segment after receiving a Rs 20-crore coal supply [...]
At its facilities in Andhra Pradesh's Medak District and Chattisgarh's Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period. Speciality chemicals maker Vishnu Chemicals Ltd on Monday said it has raised Rs 200 crore via qualified institutions placement [...]
Harmony Organics is a Pune-based company that manufactures Phenyl Ethyl Alcohol (PEA) and its aroma chemicals are used in the fragrance and flavour industry. The company's flagship products are PEA and Cinnamic Aldehyde, with an installed production capacity of 20,000 tonnes per year at its factory located in Pune. Speciality chemicals company Harmony Organics on [...]
Multipurpose project Damodar Valley Corporation (DVC) has drawn up capital expenditure plans of around Rs 70,000 crore by 2030 to boost power generation capacity from 6,700 MW at present to 16,000 MW, its chairman R N Singh said on Friday. He said DVC will increase its coal-fired power generation capacity through brownfield expansion. It also [...]
