Airports at major metro cities are expected to have a total passenger handling capacity of 500 million in the coming years, Civil Aviation Secretary Rajiv Bansal said on Tuesday. "We have all ingredients in place... huge demand in domestic and international (sectors)," Bansal said as he highlighted the growth potential of the country's aviation sector. [...]
Electronics maker Elista India will invest Rs 250 crore to set up a manufacturing plant in Kadapa, Andhra Pradesh, in five years, which will help the company meet the domestic and exports markets demand, Chairman and Managing Director Saket Gaurav said. The investment for the new plant would be funded equally from equities and debts, [...]
The markets were deep in the red on the first session of the week. Domestic benchmark indices struggled throughout as foreign investors remained net sellers for the eighth day in a row. The Nifty 50 is currently standing at 17,044.05 points showing an upside of 0.33% today. Moreover, Sensex currently stands at 57,762.49 points with [...]
The government has hiked the windfall profit tax on export of diesel to Re 1 per litre while the levy on domestically produced crude oil has been cut by a fifth, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been reduced [...]
State-owned NMDC on Tuesday said it has hiked price of iron ore lumps by Rs 100 to Rs 4,500 per tonne with immediate effect. The country's largest iron ore miner has also increased rate of iron ore fines by Rs 200 to Rs 4,110/tonne, NMDC said in a regulatory filing. The prices are effective from [...]
Tata Sons chairman N Chandrasekaran is learnt to have discussed the engagement of outgoing TCS MD and CEO Rajesh Gopinathan with the group beyond September 15 in an advisory role, according to sources from Tata Group. Tata Sons and IT behemoth Tata Consultancy Services declined to comment on the development. Tata Group sources, who did [...]
IT services and consulting firm Accenture on Tuesday said it will acquire Bengaluru-based industrial artificial intelligence company Flutura. The deal size was not disclosed. Flutura has approximately 110 professionals who specialize in industrial data science services for manufacturers and other asset-intensive companies. "Flutura will strengthen Accenture's industrial AI services to increase the performance of plants, [...]
SKF India, in a recent filing with the exchange, said that it has signed a share purchase agreement with ‘Clean Max Enviro Energy Solutions’. The company has shown an agreement to acquire 2,600 fully paid-up equity shares of Rs 10 each which is equivalent to 26% of the total issued and paid-up share capital of [...]
Godawari Power & Ispat Limited (GPIL), in a recent exchange filing, mentioned that its Board of Directors have approved the buyback of upto 50,00,000 fully paid-up equity shares having a face value of ₹5 each at a price of ₹500 per Equity Share which is a 33% premium to the current price levels of the [...]
SBI Mutual Fund on Monday bought 47.33 lakh shares of HDFC AMC for Rs 757 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), SBI Mutual Fund purchased 47,33,788 shares of the company. The shares were acquired at an average price of Rs 1,600 apiece, [...]
