The board of clean energy solution provider Suzlon Energy has appointed J P Chalasani as the company's Chief Executive Officer following the resignation of Ashwani Kumar from the post. Ashwani Kumar has resigned as the CEO with effect from 5th April 2023 on account of personal reasons, a BSE filing stated. The Board of Directors, [...]
Construction major Larsen & Toubro (L&T) on Wednesday said it has bagged multiple contracts of worth more than Rs 7,000 crore in the Middle East region. The scope of work comprises engineering, procurement, construction and installation for various new offshore facilities and integration with existing installations, L&T said in a statement. L&T wins "mega" contracts [...]
Shares of Bajaj Finance on Monday climbed 4% on Wednesday’s early trades after the company gave its business update for the quarter that ended 31 March 2023 (Q4 FY23). At 11:28 AM, they were trading at ₹ 5775.10 apiece, up 1.10%, however, they reached an intraday high of ₹ 5,947.05, indicating an increase of 4.06% [...]
Electric mobility solutions provider Magenta on Wednesday said it has closed a Series A1 funding round with USD 22 million equity investment from the UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund. The company plans to deploy the freshly raised capital in fleet and geographical expansion besides investing a part of the funds in [...]
India's services sector growth moderated in March after hitting a 12-year high in February, as new business orders increased at a softer rate, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index eased from 59.4 in February to 57.8 in March, indicating a slower rate of expansion. [...]
What is ‘Dividend’? Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. It can be issued in a number of ways, such as a cash payment, stocks, or any other form. The dividend decisions are been made by its board of directors and require shareholders' approval. Listed below are [...]
Mukesh Ambani has regained his spot as Asia's richest person after rival Gautam Adani tumbled to No. 24, Forbes said in its Billionaire 2023 list released on Tuesday. "Adani was the world's third-richest person on January 24, when he was worth nearly USD 126 billion. A report issued by US short-seller Hindenburg Research later that [...]
INOX Air Products on Tuesday said it has signed an agreement with TP Saurya Bandita Ltd to set up a 40 MW captive solar plant at Dhule in Maharashtra. TP Saurya Bandita is a special-purpose vehicle of Tata Power Renewable Energy Ltd (TPREL). In a statement, INOX Air Products (INOXAP) said, "The power project with [...]
State-owned non-banking finance firm REC Ltd has raised USD 750 million through issuance of green bonds. The expected settlement date for these bonds is April 11, 2023. "REC Ltd under its USD 7 billion Global Medium Term Note Programme, has priced and issued USD 750,000,000; 5.625 per cent green bonds on April 3," according to [...]
Private sector Karur Vysya Bank has inked a pact with SBI Life Insurance to offer their insurance products to customers at its branches, the bank said on Tuesday. The Tamil Nadu-based bank offers a range of financial services through similar tie-ups with leading service providers. "In an attempt to offer a wider choice to customers [...]
