Asserting that India has adequate coal reserves, Union Coal Minister Pralhad Joshi on Wednesday said the country will start exporting the dry fuel by 2025-26. From a net importer of coal, India is moving towards becoming a net exporter of non-coking coal, Joshi said on the sidelines of the seventh round of auctions for commercial [...]
Borrowers in Goa opted increasingly for private sector banks and small finance firms instead of nationalized and cooperative banks in 2022-23, the state's Economic Survey report said. The report was tabled in the Assembly earlier this week during the ongoing budget session. Overall bank loans during 2022-23 (up to September 2022) stood at Rs 30,769.92 [...]
The Comptroller and Auditor General (CAG) has pulled up J&K Bank Limited for not utilising the land worth over Rs 140 crore acquired during 2016-21 and recommended a proactive plan for its effective utilisation. It also said the bank's improper planning resulted into blockage of funds to the tune of Rs 22.78 crore and wasteful [...]
Cooperation Minister Amit Shah on Wednesday said the government has completed the first phase of mapping database of 2.63 lakh primary cooperative societies engaged in credit, dairy and fisheries. The database is expected to be extended to cooperative societies of all other sectors by July this year, Shah said in a written reply to the [...]
Billionaire Gautam Adani-led promoter group has paid off all of the USD 2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in a statement termed reports of the group not completing [...]
Telecom gear maker HFCL on Wednesday said it bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Surat Metro Rail Project Phase-1. The company has to deploy the project within 90 weeks from the date of contract. "..the company has bagged an order worth Rs 282.61 crore from [...]
Safari Industries Ltd, Ashish Kacholia-owned stock, opened its trading session today at Rs 1,981.55 and closed at Rs 2,008. Within a time span of six months, the stock has gained around 22 percent. Moving ahead with a horizon of a year, the stock has provided Multibagger returns of about 106 percent to its stakeholders ranging [...]
Pharmaceutical ingredients maker SPC Lifesciences Ltd has filed preliminary papers with the capital market regulator Sebi to raise funds through an initial public offering. The Initial Public Offering (IPO) consists of fresh issuance of equity shares worth Rs 300 crore and an Offer For Sale (OFS) of 89.39 lakh equity shares by promoter -- Snehal [...]
Shares of NBCC (India) Ltd jumped around 8 percent today and is currently trading at a price of Rs 33.40. Keeping a purview of six months, the stock has been able to deliver a return of around 7.8 percent to its stakeholders. One of the probable reasons for such an uptrend in the company’s stock [...]
Oil and Natural Gas Corporation's (ONGC) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said. ONGC was originally to start gas production from Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil [...]
