S&P Global Ratings on Thursday placed its ESG evaluation for Adani Transmission Ltd (ATL) 'under review' following a US short-seller raising governance issues at the group helmed by billionaire Gautam Adani. When monitoring environment, social and governance (ESG) evaluations, S&P uses the term 'under review' (and the label 'UR') to identify certain ESG Evaluations as [...]
The government has cut windfall profit tax on export of diesel and ATF to their lowest while also reducing the levy on domestically-produced crude in line with softening international oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut [...]
The shares of InterGlobe Aviation Ltd shed by more than 4 percent in the early hours of Thursday and were trading at Rs 1,901. The scrip fell after a huge block deal changed hands on the exchanges. The company's promoter, Shobha Gangwal, the wife of IndiGo co-promoter Rakesh Gangwal who holds a total of 2.7 [...]
Tanla Platforms Limited, a cloud communications company was in focus on Thursday as it was set to launch the Anti-Phishing Technology Platform, at the Mobile World Congress (MWC) in Barcelona, Spain on February 27, 2023. Wisely ATP is a global, first-of-its-kind proprietary anti-phishing platform to protect citizens, trusted brands, and the digital economy. The Indian [...]
FMCG major Nestle India Ltd on Thursday reported an increase of 65.50 per cent in its net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 379.48 crore in the same period a year ago, Nestle [...]
With a market capitalization of ₹ 4,74,464 crores, ITC is a large-cap company and the largest cigarette manufacturer and seller in India. Currently, it operates in five businesses FMCG cigarettes, FMCG others, hotels, paperboards, paper and packaging, and agribusiness. The company’s shares have been on an uptrend and have gained 72.66% in the past year, [...]
Adani Power Ltd's Rs 7,017-crore deal to buy thermal power assets of DB Power has fallen after the initial pact expired. "We wish to inform that the long stop date under the memorandum of understanding dated August 18, 2022, has expired," Adani Power said in a regulatory filing on Wednesday. Earlier in August 2022, Adani [...]
Bharat Forge Ltd & global aerospace and technology company, Paramount Group on Wednesday signed a Memorandum of Understanding for the development and production of composite rotor blades, mission systems and stores management systems for medium lift helicopters. The MoU was signed by CEO –Aerospace, Bharat Forge, Guru Biswal, and SVP, Paramount Group, Clifford Dewell in [...]
HAL on Wednesday said it has signed a contract with Argentinian Air Force (AAF) for supply of spares and engine repair of legacy two tonne class helicopters. The contract was signed by Brigadier General Xavier Issac, Chief of Air Force, AAF and C B Ananthakrishnan, CMD, HAL, the company said in a release. Brigadier General [...]
Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Israel Aerospace Industries (IAI) for domestic manufacture and supply of its Long Range Artillery Weapon System (LORA) for the Indian Tri-services. The state-of-the-art strategic weapon system will be manufactured by BEL, as the prime contractor, based on the workshare arrangement with IAI. The [...]
