Shares of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, listed with a gain of 3 per cent against the issue price of Rs 100 per unit on Friday. The stock made its debut at Rs 102.27, up 2.27 per cent on the BSE. It further climbed 4.9 per cent [...]
The defence industry includes engineering, production and maintenance companies for military facilities, equipment and material. India used to be one of the top importers of defence technology, however, over the past few years, the country has concentrated on lowering its reliance on foreign defence imports with programs like "Make in India" and "Atmanirbhar Bharat." As [...]
Equity benchmark indices started the trade on a firm note on Friday amid positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals. Later, both the benchmark [...]
Leading shoemaker Bata India on Thursday reported a 4.22 per cent rise in consolidated net profit to Rs 65.62 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 62.96 crore in the January-March quarter a year ago, Bata India Ltd said in a BSE filing. Its revenue [...]
State-owned non-banking finance firm REC Ltd is planning to increase its loan book over two-fold to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. This assumes significance given India's ambitious target of having 500GW of renewable energy capacity by 2030. REC Ltd's loan book is Rs 4.35 lakh [...]
A former unit of Russian energy giant Gazprom has resumed supplying LNG to Indian state gas utility GAIL a year after it halted supplies due to the Ukraine war, GAIL chairman Sandeep Kumar Gupta said Thursday. The resumption of supplies, which came to a halt in June last year, has shored up gas availability in [...]
A promoter of BLS International Services on Thursday offloaded shares worth Rs 196 crore through an open market transaction. BLS International Services is into visa and consular services and Diwakar Aggarwal (promoter) has sold his shares. According to the bulk deal data available with the National Stock Exchange (NSE), Diwakar Aggarwal offloaded 1.12 crore shares, [...]
Analytics and AI solutions company Course5 Intelligence on Thursday said it closed a fundraise of USD 28 million, about Rs 231 crore, from 360 ONE Asset Management, formerly known as IIFL Asset Management Limited. The fundraise is part of its ongoing USD 55 million, about Rs 455 crore, funding round. "Course5 Intelligence announced today that [...]
Diageo-controlled liquor maker United Spirits Ltd on Thursday reported a 42.44 per cent decline in its consolidated net profit to Rs 102.8 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 178.6 crore a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue [...]
Godrej Agrovet's Oil Palm Business on Thursday said it has partnered with the State Bank of India (SBI) to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms. Introduced with an objective of aiding [...]
