Several asset management companies (AMCs) have opened up subscription for international schemes to maximise inflows ahead of new taxation rules for debt mutual funds kicking in from April 1. The fund houses that resumed their international schemes are -- Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund and Edelweiss Mutual Fund. Edelweiss Mutual has opened [...]
Four projects of Steel Authority of India Ltd (SAIL) worth Rs 2,338 crore are facing delay due to reasons like delayed placement of orders and supply of materials/equipment, Parliament was informed on Monday. However, there is no cost overrun in these projects, Union steel minister Jyotiraditya M Scindia said in a reply to Rajya Sabha. [...]
Despite the fact that electric vehicles are becoming increasingly popular in India, the hassle of charging the batteries is becoming a major inconvenience. A Surat-based startup identified this issue and responded by opening the first-of-its-kind "battery swapping center," where drivers of electric rickshaws and tempos can swap batteries without having to wait for their vehicles [...]
Shares of Butterfly Gandhimathi Appliances got mired and closed 4.71% lower at ₹ 1215.00 apiece on Monday after the company announced a merger with Crompton Greaves Consumer Electricals. Meanwhile, the shares of Crompton Greaves Consumer Electricals closed 0.46% higher at ₹ 295.10 apiece. According to the proposed scheme of merger, the public shareholders of Butterfly [...]
Global beverages major The Coca-Cola Company is bullish on the Indian market and is continuing to invest in the country through its partners, the company's President and Chief Financial Officer John Murphy said on Monday. India's rapid progress in infrastructure, electrification and digitisation offer a long runway ahead for the economy to grow and it [...]
Longer sunnier days have ensured that the performance of solar power farms improved to 75 per cent in the current fiscal from 59 per cent in the year-ago period, according to a report. Rating agency Crisil has prepared the report based on the performance of 115 solar projects aggregating to 4.6 GW of power generation [...]
Mortgage lender HDFC Ltd on Monday said its board has approved raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore. The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a [...]
As per the block deals data available on BSE, Ace investor Sunil Singhania-owned company Abakkus acquired a stake in ‘TTK Healthcare’ via open market transactions on 24th March. The company bought around 2.46 lakh equity shares in total with the Asset management firm ‘Abakkus Asset Manager LLP’ buying around 1.31 lakh equity shares at an [...]
Drug major Sun Pharma has said the IT security incident that happened earlier this month will impact revenues of some of its businesses. As part of the containment measures, the company proactively isolated its network and initiated the recovery process. "As a result of these measures, the company's business operations have been impacted. Consequently, revenues [...]
Shares of Tata Power Company, a part of the Tata Group, tanked 3.35% on Monday to reach a 52-week low of ₹ 184.45 apiece on Monday’s early trades. At 03:23 PM , its shares were quoting at ₹ 186.00 apiece. More than 2.22 crore shares changed hands on the counter. The scrip has been an [...]
