JSW Steel on Wednesday said it has been declared as the preferred bidder for an unexplored iron ore mine in Maharashtra. The company will take all requisite steps as per the tender document to obtain letter of intent, all statutory clearances to execute the lease deed with mine development and production agreement (MDPA) and start [...]
Staffing company TeamLease Services on Wednesday reported a 22.92 per cent decline in consolidated net profit at Rs 24.37 crore compared to the same period in the previous financial year. The company's net profit stood at Rs 31.62 crores during the corresponding quarter of the previous fiscal, TeamLease Services said in a regulatory filing. Revenue [...]
MTAR Technologies Ltd on Wednesday posted a 56 per cent rise in its consolidated net profit to Rs 31 crore during March FY 2022-23 quarter, on account of higher income. It had clocked a net profit of Rs 19.8 crore during the January-March quarter of FY 2021-22, the company said in a regulatory filing. The [...]
State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power [...]
The lenders of debt-ridden Future Retail Ltd (FRL) have received six bids from prospective buyers by May 15, which was the last date for submission of resolution plans. The company is "in receipt of resolution plans/bids from 6 prospective resolution applicants in response to the Request for Resolution Plans" said the regulatory filing by FRL [...]
Capital markets regulator Sebi on Wednesday levied fines totalling Rs 50 lakh on ten entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In ten separate orders, the regulator imposed a fine of Rs 5 lakh each on Auroplus Marketing Pvt Ltd, Baba Iron Industries, Atlantic Invest Advisory, Avinash V [...]
Electronics manufacturing services company Optiemus Electronics is actively considering and evaluating options to participate in the Rs 17,000-crore incentive scheme approved by the Cabinet to boost local production of laptops, tablets and computing devices, a senior company official said on Wednesday. Optiemus Electronics Limited Managing Director A Gururaj said that additional financial outlay for IT [...]
Broadband technology provider Sterlite Technologies on Wednesday posted a consolidated net profit of Rs 65 crore for the fourth quarter ended March 2023. The company had recorded a loss of Rs 22 crore in the year-ago period. The consolidated revenue from operations of Sterlite Technologies (STL) stood at Rs 1,872 crore during the reported quarter. [...]
Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20. Among the Sensex firms, Bajaj Finance, Axis [...]
Rane (Madras) Limited (RML) is engaged in the business of providing components for the transportation industry. It manufactures steering gear products, steering & suspension linkages products, and other articles of aluminium die-casting products. The company operates through two divisions namely the ‘Light Metal Castings’ and ‘Steering and Linkages’ division. Today, through a regulatory filing over [...]
