Sterling and Wilson Pvt Ltd has bagged three rural electrification orders worth Rs 1,080 crore. While one order is from Chhattisgarh State Power Distribution Company Ltd (CSPDCL) in Rajnandgaon district, Chhattisgarh, two others are from South Bihar Power Distribution Company Ltd (SBPDCL) in Nalanda (also covering districts in Nawada) and Gaya. The projects, aimed at [...]
After the company is done performing its operations throughout the year, it sometimes retains the money (if in surplus) or pays out a part of the profits to its existing shareholders. The portion let out to the shareholders is known as a ‘Dividend’. They may be paid primarily in cash, as well as in the [...]
Shares of Avalon Technologies made a muted market debut on Tuesday, listing with a discount of over 1 per cent on the BSE, against the issue price of Rs 436. The stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 [...]
Beverage major Coca-Cola India Ltd has acquired a minority 15 per cent stake in Hashtag Loyalty, which owns the food ordering platform Thrive. This move will help Coca-Cola to get benefitted from Thrive, which has a partnership with over 12,000 restaurants across India. Hashtag Loyalty is an associate of the country's leading QSR chain operator [...]
Continued government push to build infrastructure will drive cement demand further this fiscal by 8-9 per cent on top of a 9 per cent growth in FY22, which will help the sector see some recovery in profitability, a report said. According to India Ratings, which has a neutral outlook for the sector for the year, [...]
State-owned Bank of Maharashtra (BoM) on Monday announced increase in the marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors. The revision in MCLR is effective from April 15, 2023. The benchmark one-year MCLR is up by 10 basis points to 8.50 per cent, it said. The one-year rate is [...]
With software exports hitting a record high of USD 320 billion in FY23, the country's share in global computer services exports has jumped to around 11 per cent in the year, according to an analysis. But the country still lags in the overall services export share at about 4 per cent, according to analysis of the [...]
As many as 76 key infrastructure projects worth about Rs 5.14 lakh crore of different ministries have been evaluated under the PM Gati Shakti initiative in the last one year, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti initiative launched [...]
The dispute panel of the Geneva-based World Trade Organisation (WTO) on Monday said the import duties imposed by India on certain informational and technology products violates global trading norms. The ruling followed a dispute filed by the European Union, Japan and Taiwan against these duties in the WTO. "We recommend that India bring such measures [...]
Two individuals on Monday offloaded shares in NBFC company Poonawalla Fincorp Ltd for Rs 290 crore through open market transactions. The two individuals are Sanjay Chamria and Mayank Poddar, who were the co-founders of Magma Fincorp Ltd (now known as Poonawalla Fincorp Ltd). According to the block deal data available with the National Stock Exchange [...]
