With a market capitalization of ₹ 303 crores, Markolines Pavement Technologies is a small-cap company that is engaged in operations and maintenance. Its operations are mainly divided into highway operations, highway maintenance, and specialised maintenance services. The company in a stock exchange filing said that its board of directors has considered and approved a rights [...]
The shares of Just Dial Ltd, a Reliance group company soared on Monday’s early trades to reach an intraday high of ₹ 644.30 apiece. Its shares were locked in a 10% upper circuit on the back of an impressive quarterly result. Just Dial is the market leader in the search engine segment in India. It [...]
Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments, FASTag recharge, education fees, [...]
The wholesale price-based inflation declined to 4.95 per cent in December 2022, mainly due to fall in prices of food articles and crude petroleum. The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021. Inflation in food articles was (-)1.25 per cent, while in fuel [...]
Pakistan's average productivity growth, a crucial determinant of an economy's growth, remained just 1.5 per cent from 2010 to 2020, according to a media report. Dawn reported that the study — titled Sectoral Total Factor Productivity in Pakistan and — noted that the growth of productivity is a crucial determinant of an economy's growth that [...]
Union Minister for Micro, Small and Medium Enterprises Narayan Rane on Monday said the central government and Prime Minister Narendra Modi are making efforts to ensure citizens are not affected by the global economic slowdown. He was speaking to reporters after inaugurating the G20's 1st Infrastructure Working Group (IWG) meeting in Maharashtra's Pune city. Asked [...]
To support the massive growth in the aviation sector, the India Infrastructure Finance Company Limited (IIFCL) has extended a credit of Rs 6,630 crore for the development of six major airports in the country and looks forward to increasing its exposure in the coming years, said its managing director P R Jaishankar. Bullish on the [...]
With various mergers and acquisitions awaiting CCI approval, industry participants have sought measures to address the issue of lack of quorum at the competition watchdog which does not have a chairperson for more than two months now. Mergers and acquisitions beyond a certain threshold require the approval of Competition Commission of India (CCI) under the [...]
Around 58 per cent of developers expect housing prices to increase this year because of rise in input costs, while 32 per cent builders feel it will remain stable, according to a survey. According to the 'Real Estate Developers Sentiment Survey', by Realtors apex body CREDAI, real estate consultant Colliers India and property research firm [...]
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the [...]
