Finance minister Kailash Gahlot on Wednesday presented a Rs 78,800 crore budget in the Delhi assembly for the financial year 2023-24 with the announcement of nine schemes as part of the G-20 preparations. The Delhi government's budget size for 2022-23 was Rs 75,800 crore and Rs 69,000 crore in the preceding year. This was the [...]
Blue Star Limited, in a filing with the exchange today, announced that the Company has been successful in securing Railway Electrification orders which totals to about Rs 575 crores. The above order aids the company to expand its presence in the Railways segment and mark a foray into the Railway Electrification space. Being an existing [...]
Shares of Asian Energy Services rallied 9.92% on Wednesday’s early trades after the company bagged an order worth ₹ 165 crores for the operation and maintenance of a floating production storage and offloading system in Puducherry. At 12:02 PM, its shares were trading at ₹ 104.55 up 6.41%. According to an exchange filing, the company [...]
Mahindra & Mahindra on Wednesday said World Bank Group arm IFC will invest Rs 600 crore in a new unit of the company, which is being incorporated to scale up the last-mile electric mobility business. IFC is investing Rs 600 crore in a new last-mile mobility (LMM) company -- a wholly-owned subsidiary of Mahindra & [...]
Indian benchmark index BSE Sensex has fallen by 4.82% year-to-date (YTD) amid the ongoing weakness in the market due to heavy selling by foreign institutional investors and rising interest rates. The index was at 61167.79 points at the beginning of this year, however, it is currently at 58217.81 points. The movement in the Sensex helps [...]
A parliamentary panel has termed the opening of trapped underground coal reserves as a "right step" and said that the move will not only help in meeting the production of quality coal but will also reduce the import of dry fuel. The government has been taking several measures over the past to increase the domestic [...]
Vedanta Group firm Hindustan Zinc Ltd (HZL) on Tuesday said its board has approved a fourth interim dividend of Rs 26 per equity share or 1,300 per cent for FY2022-23 amounting to Rs 10,985.83 crore. This takes the Udaipur-based Hindustan Zinc's total payout to shareholders at a record Rs 32,000 crore this fiscal, making it [...]
Unlike the global economy which is risk of recession, India would not slow down and maintain the pace of expansion achieved in 2022-23, said the RBI bulletin on Tuesday. Even as global growth is set to slow down or even enter a recession in 2023 as global financial markets wager, India has emerged from the [...]
The Department of Telecom has sought Rs 33,111 crore for payment of adjusted gross revenue dues of state-run BSNL which is likely to be made in the upcoming April-June quarter, according to a Parliamentary panel report. In a submission to the Standing Committee of Communications and Information Technology, the Department of Telecom shared that against [...]
Tata Power Renewable Energy Ltd (TPREL) on Tuesday said it has received a letter of award from MSEDCL to set up a 200 MW solar project in Solapur, Maharashtra. The letter of award has been received from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project will be commissioned within 18 months from the [...]
