Singapore Prime Minister Lee Hsien Loong on Tuesday said the linkage between India’s Unified Payments Interface (UPI) and Singapore’s PayNow will allow people in the two countries to undertake faster and cost-efficient digital transfers, and exuded hope that this "strong partnership" will continue to spawn innovative technology solutions. Prime Minister Lee and his Indian counterpart [...]
Commerce and Industry Minister Piyush Goyal on Tuesday asked the electrical industry to set and work towards a big exports target as the sector holds huge potential for growth. The sector has touched export of USD 10 billion and is targeting to increase it to USD 25 billion in the next five years. "But I [...]
SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company. The no-frills airline, which has been grappling with multiple headwinds, including legal woes, is looking to raise fresh capital through issuance of eligible securities to [...]
Jaguar Land Rover India on Tuesday said it has appointed Rajan Amba as the managing director, with effect from March 1. Amba will succeed incumbent Rohit Suri, who is due to retire from the post on March 31, Jaguar Land Rover (JLR) India said in a statement. Amba is currently serving as the vice president [...]
OYO on Tuesday announced its plan to double the number of premium hotels in India with the addition of around 1,800 such hotels in 2023. Its premium hotel brands include Townhouse Oak, OYO Townhouse, Collection O and Capital O. OYO currently has about 1,800 premium hotels in India. The move is aimed at capitalising on [...]
Akashdeep Metal Industries Limited is an NBFC and Investment Company, engaged in dealing with investment shares and providing loans and advances. The board of directors of the company has approved the splitting of the shares. The company will split in the ratio of 1:5 which means that one equity share of the Company having a [...]
NMDC Steel Ltd (NSL), the newly listed demerged entity of NMDC Limited has hit the upper circuit for two days in a row. The company made a debut on the BSE at ₹ 20.25 apiece yesterday and settled 4.96 percent higher at ₹ 31.75 apiece. Its share price increased to ₹ 33.30 apiece on Tuesday’s [...]
NTPC arm NTPC Green Energy Ltd (NGEL) has invited bids for rupee denominated term loan of up to Rs 9,000 crore. The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost. Also, additional funds to [...]
Pakistan’s National Assembly on Tuesday unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the IMF for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. The Finance (Supplementary) Bill 2023 or ‘mini-budget’ was approved in the lower lower house of Parliament days after the [...]
The shares of Dishman Carbogen Amcis Limited, a Contract Research, and Manufacturing Services (CRAMS) provider, opened at Rs 109.30 levels only to gain as much as 13 percent to reach an intra-day high of Rs 124.40 on Tuesday. After posting its December quarter results, the stock has gained as much as 40 percent in just [...]
