by PTI News | Feb 1, 2022 | 9:21 pm | Corporate Action, Economy, News
New Delhi, Feb 1 (PTI) The defence budget was on Tuesday increased to Rs 5.25 lakh crore for 2022-23 in a modest hike from last year's allocation of Rs 4.78 lakh crore with a major push on procurement of military hardware from domestic industry to cut imports amid the lingering border standoff in eastern Ladakh.Presenting [...]
by PTI News | Feb 1, 2022 | 9:16 pm | Corporate Action, News
Mumbai, Feb 1 (PTI) Custom synthesis and speciality chemical player Anupam Rasayan India Ltd (ARIL) on Tuesday said it will acquire a 24.96 per cent stake in Tanfac Industries Ltd (TIL) for Rs 148.14 crore from Birla Group Holdings and few other promoter groups of TIL. Anupam Rasayan India is also launching an open offer [...]
by PTI News | Feb 1, 2022 | 9:13 pm | Corporate Action, Economy, News
Mumbai, Feb 1 (PTI) The crypto ecosystem has welcomed Finance Minister Nirmala Sitharaman's proposal for a 30 per cent tax on digital assets for legitimising bets on the assets considered as very risky by the RBI, even as a law on regulating such activity is awaited. In her Budget Speech, Sitharaman has proposed the tax [...]
by PTI News | Feb 1, 2022 | 5:21 pm | Corporate Action, Economy, News
Mumbai, Feb 1 (PTI) The crypto ecosystem has welcomed Finance Minister Nirmala Sitharaman's proposal for a 30 per cent tax on digital assets for legitimising bets on the assets considered as very risky by the RBI, even as a law on regulating such activity is awaited. In her Budget Speech, Sitharaman has proposed the tax [...]
by PTI News | Feb 1, 2022 | 5:12 pm | Company Results, Corporate Action, News
Pune, Maharashtra, India – Business Wire India KPIT, a leading independent software development and integration partner to the automotive and mobility industry announced financial results for Q3 FY 2021-22 today. Q3 FY22 performance overview • Q3FY22 CC Revenue growth of 21.2% Y-o-Y, 5.6% Q-o-Q. Q3FY22 EBITDA at 18.5% as against 17.6% last quarter • Net [...]
by PTI News | Feb 1, 2022 | 4:55 pm | Corporate Action, News
New Delhi, Feb 1 (PTI) The government is expecting a 27 per cent lower dividend at Rs 73,948 crore from the Reserve Bank of India (RBI) and public sector banks and financial institutions in 2022-23.In absolute term, this is nearly Rs 27,400 crore lower than the Revised Estimates (RE) of Rs 1,01,353 crore under the [...]
by PTI News | Feb 1, 2022 | 3:20 pm | Corporate Action, News
Colombo, Feb 1 (PTI) Sri Lanka has decided to purchase petrol and diesel, 40,000 metric tonnes each, from the Indian Oil Corporation, according to a Cabinet note on Tuesday, as part of the government's bid to tide over the current fuel and energy crisis faced by the island nation. The move came weeks after Power [...]
by PTI News | Feb 1, 2022 | 2:32 pm | Corporate Action, News
Houston, Feb 1 (PTI) American oil and gas energy giant Exxon Mobil has announced that it will relocate its headquarters to the country's energy capital, Houston, from its current Dallas suburb Irving, saying it will enable closer teamwork to accelerate and increase value delivery. The move is scheduled to be completed by mid-2023, the company [...]
by PTI News | Feb 1, 2022 | 12:49 pm | Corporate Action, News
New Delhi, Feb 1 (PTI) Tech upskilling Scaler (by InterviewBit) on Tuesday said it has raised USD 55 million (about Rs 410 crore) in funding, led by new investor Lightrock India. Two existing investors Sequoia Capital India and Tiger Global also participated in the series B round, a statement said. With this fresh round of [...]
by PTI News | Feb 1, 2022 | 12:06 pm | Corporate Action, News
Their instant payment solution will further help restaurants adapt to and scale alongside growing contactless preferences between both business and customer sides India – Business Wire India Qlub, a startup developing an ultra-fast payment solution for consumers in restaurants, has raised $17 million in seed financing. The investment is co-led by Cherry Ventures and Point [...]
