City Union Bank on Monday said it will raise Rs 500 crore through the Qualified Institutional Placement (QIP) route to fund business growth. The board of directors at a meeting approved raising of further capital through the QIP route to the tune of Rs 500 crore, City Union Bank said in a regulatory filing. The [...]
Adani Power Ltd (APL) has started exporting power to Bangladesh from its 1,600 MW ultra-supercritical power project in Jharkhand. In a regulator filing on Monday, the company said Unit 2 of 800 MW capacity of its 2x800 MW ultra-supercritical power project of its wholly-owned subsidiary Adani Power (Jharkhand) Ltd (APJL) has achieved commercial operations at [...]
IT company L&T Technology Services on Monday said it has partnered with state-owned Bharat Sanchar Nigam Limited (BSNL) for the deployment of private 5G network for enterprise customers. According to the agreement framework signed by both companies, the spectrum will be provided by BSNL using both PLMN (public land mobile network) and isolated allotment. L&T [...]
Axis Bank on Monday said it will continue to grow 4-6 per cent faster than the industry in the medium to long term, helped by focus on rural and semi-urban markets, improving digital infrastructure and Citibank India retail business. Fiscal year 2023 was a breakout year for digital banking platform Axis 2.0 and the early [...]
India's largest software exporter TCS has won the contract for running and maintaining the government procurement portal GeM, Commerce and Industry Minister Piyush Goyal said on Monday. The Government e-Market (GeM) portal was launched on August 9, 2016, by the commerce ministry for online purchases of goods and services by all the central government ministries [...]
Benchmark equity indices Sensex and Nifty advanced in early trade on Tuesday helped by buying in index majors HDFC twins and Infosys amid a mixed trend in Asian markets. The 30-share BSE Sensex climbed 235.52 points to 63,205.52 in early trade. The NSE Nifty advanced 72.4 points to 18,763.60. From the Sensex pack, Tata Steel, [...]
With a market capitalization of ₹ 1,418 crores, Remedium Lifecare is a small-cap company engaged in the business of trading in Advanced Pharmaceutical Intermediates and other pharma products. In the past six months, the company’s share price rallied from ₹ 140.00 apiece to ₹ 4,136.65 (its record high), giving multibagger returns of 2854%. Therefore, if [...]
Shares of the Life Insurance Corporation of India have lost more than one-third of their value since their listing on the bourses last year. The government still owns a 96.5 per cent stake in the company and wants to convince global investors that the insurance behemoth is worth much more than the current $ 48 [...]
PTC India Financial Services (PFS), a subsidiary of PTC India, has appointed Mahendra Lodha as Director (Finance) and CFO, the company said in a regulatory filing. PTC India Financial Services is a finance company and systematically important non-deposit-taking NBFC. It is an Infrastructure Finance Company, classified by the RBI and listed on the NSE and [...]
IT services and solutions provider Synoptics Technologies on Monday said it has fixed a price of Rs 237 a share for its initial offer sale, which will open on June 30. The initial public offering (IPO) will conclude on July 5. The minimum application size is 600 shares and multiples thereafter. Its shares will be [...]
