by Trade Brains | Mar 20, 2023 | 7:00 pm | Editor's Pick, News
The ‘Trade-plus-One’ (T+1) settlement cycle has been implemented effectively in the top listed securities in India from 27th January 2023. Market experts believe and mention that this settlement system will allow the money cycle to move faster without waiting for an extra day. What is ‘Dividend’? A dividend, in a generic sense, is a reward [...]
by PTI News | Mar 20, 2023 | 6:59 pm | Corporate Action, News
Tyre maker CEAT Ltd on Monday said its Managing Director and CEO Anant Goenka has resigned to focus on group activities and has been named as its Vice Chairman. The company's board has also approved the appointment of Arnab Banerjee, currently Chief Operating Officer, as its new MD and CEO. Goenka expressed his desire to [...]
by PTI News | Mar 20, 2023 | 6:56 pm | Corporate Action, News
Outstanding dues payable by power producers to Coal India for fuel supplies have increased by Rs 3,293.50 crore to Rs 16,629.41 crore since March 31, 2022, Parliament was informed on Monday. "The outstanding dues payable by power sector for the coal sales by Coal India Ltd (CIL)" were Rs 13,335.91 crore as of March 31 [...]
by PTI News | Mar 20, 2023 | 6:52 pm | Corporate Action, News
Nine out of ten listed companies of the Adani group closed with losses on Monday, snapping two-day of gains amid an across-the-board sell-off in the broader market. While some Adani stocks hit their lowest circuit prices, flagship Adani Enterprises Ltd declined 3.84 per cent to close at Rs 1,805.10 on BSE. The flagship commanded a [...]
by PTI News | Mar 20, 2023 | 6:35 pm | Corporate Action, News
The integration of Air India Express and AirAsia India is expected to be complete by the end of next financial year and the merged entity will have "enormous growth opportunities" in the coming years, according to a top executive. Air India, Air India Express, Vistara and AirAsia India, now rebranded as AIX Connect are part [...]
by PTI News | Mar 20, 2023 | 6:30 pm | Corporate Action, News
Mahindra & Mahindra on Monday said it has fully acquired MITRA Agro Equipments Pvt Ltd for an undisclosed amount. The company's Farm Equipment Sector (FES) has increased its stake in MITRA Agro Equipments Pvt Ltd (M.I.T.R.A) to 100 per cent from the existing 47.33 per cent. As part of the acquisition, Mahindra has fully bought [...]
by PTI News | Mar 20, 2023 | 6:30 pm | Economy, News
The Gujarat government on Monday announced in the state Assembly that minimum wages given to skilled, semi-skilled and unskilled labourers have been increased by nearly 25 per cent -- up to more than Rs 2,400 per month -- a hike coming after a gap of nine years. The announcement about the increase in minimum wages, [...]
by PTI News | Mar 20, 2023 | 6:25 pm | Economy, News
The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday. In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary [...]
by PTI News | Mar 20, 2023 | 6:20 pm | Economy, News
Union Power Minister R K Singh on Monday urged electricity consumers to use smart prepaid meters, saying the device helps users bring down power cost by up to 2 per cent. Installation of smart prepaid meters reduces the operational and finance cost for electricity suppliers as consumers credit their account in advance, the minister said [...]
by PTI News | Mar 20, 2023 | 5:59 pm | Economy, News
The Finance Ministry has asked central public sector undertakings (CPSUs) to issue letters of comfort (LoCs) on the basis of their own financial strength so that no liability devolves on the Government of India. The Office Memorandum dated March 20, 2023, has been issued following a request from some CPSUs in the oil and power [...]
