Kolkata, Jan 31 (PTI) B K Birla Group flagship company Kesoram Industries on Monday said it has repaid Rs 285 crore of its outstanding debt.The company had earlier repaid Rs 55 crore.The remaining outstanding debt is Rs 1,708 crore.“The primary objective of the rights was to retire debt. The unlisted Optionally Convertible Debentures of face [...]
New Delhi, Jan 31 (PTI) Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems. In addition, they have been restrained [...]
New Delhi, Jan 31 (PTI) Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems. In addition, they have been restrained [...]
New Delhi, Jan 31 (PTI) Government-promoted CSC E-Governance Services India on Monday said it has partnered with Stockholding Corporation of India to launch the demat account opening service to people. Apart from the demat account, citizens can also now get their PAN card made digitally through CSC by uploading all the required documents and the [...]
New Delhi, Jan 31 (PTI) Vedanta on Monday said it has tied up a facility of Rs 8,000 crore with Union Bank of India to take over a majority of the syndicated facility after multiple discussions with potential lenders. During 2020, amid the COVID-19 pandemic, Vedanta Ltd had tied up a syndicated facility of Rs [...]
New Delhi, Jan 31 (PTI) Power giant NTPC on Monday said its arm NTPC Vidyut Vyapar Nigam Ltd (NVVN) has acquired a five per cent equity stake in Power Exchange of India Ltd (PXIL). NVVN purchased the stake from NSE Investment Ltd, a co-promoter shareholder of PXIL, on January 31, 2022, according to a statement. [...]
The Bihar government on Monday signed a deal with Tata Technologies as part of which the company will transform nearly 150 Industrial Training Institutes (ITI) across the state into Centres of Excellence (COEs). According to a statement issued by the company, the Memorandum of Agreement was inked here in the presence of Labour Resources Development [...]
Mumbai, Jan 31 (PTI) State Bank of India (SBI) on Monday said it has entered into an agreement with Tata Power Solar Systems for financing of solar projects. The lender has also set up a dedicated centralized processing cell - 'Surya Shakti Cell', at the Ballard Estate in Mumbai, a press release said. The cell [...]
The worst of the ongoing semiconductor shortage crisis that has hurt Jaguar Land Rover and Tata Motors is over and normalcy is expected in the coming quarters as additional chip capacity becomes available and more long-term planning with suppliers takes place, Tata Motors Group CFO PB Balaji said on Monday. Tata Motors also sees the [...]
New Delhi, Jan 31 (PTI) Power giant NTPC on Monday said its arm NTPC Vidyut Vyapar Nigam Ltd (NVVN) has acquired a five per cent equity stake in Power Exchange of India Ltd (PXIL). NVVN purchased the stake from NSE Investment Ltd, a co-promoter shareholder of PXIL, on January 31, 2022, according to a statement. [...]
