The government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two stressed entities of the Srei group as it submitted the "highest net present value bid of Rs 5,555 crore" among bidders, an official said on Wednesday. NARCL's net present value bid, submitted in the 10-hour-long "challenge mechanism" conducted by the committee [...]
The shares of karnavati Finance Ltd opened higher on Wednesday and gained as much as 2 percent in the early hours to reach a time high of Rs 175. The share zoomed after the board of directors of the company approved a stock split. The board of directors has approved the split in the ratio [...]
Ahead of the Global Investors Summit, the Uttar Pradesh government has signed initial pacts worth Rs 19,265 crore with firms in the US and Canada. A the team under the leadership of Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh showcased the state before investors in the US and Canada and held about [...]
The Fertilizer sector in India has been the focus for some time now. As we approach the budget meeting that is supposed to be held on February 1st, 2023 Indian investors turn more optimistic about the sector's prospects. There have been speculations that the government might increase its subsidy for urea in the upcoming Budget. [...]
Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, [...]
The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion [...]
The shares of Orient Cement shot up 21% in the past two days amid news that the Adani Group is eyeing a stake in the company. Its shares shot up from ₹ 123 levels to reach a high of ₹ 148.70 on Wednesday. The news appeared on www.tradingview.com dated January 3, 2023 quoting "Adani Group [...]
Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering a new scheme to support domestic manufacturing of machinery and accessories used in the leather industry. He also expressed hope that the country's exports during the current fiscal would register a high growth rate in both goods and services compared to 2021-22. [...]
India will take over the leadership of the Asian Pacific Postal Union (APPU) from this month, an official release said on Tuesday. Following the successful elections held during the 13th APPU Congress held in Bangkok during August-September 2022, Vinaya Prakash Singh, erstwhile Member (Personnel), Postal Services Board, will take over the charge of Secretary General [...]
Digitisation initiatives in India and the work with digital public goods have been extraordinary, Microsoft Chairman and Chief Executive Officer Satya Nadella said on Tuesday, as he highlighted cloud and artificial intelligence among imperatives driving technology-based economic growth in India. By 2025, most applications will be built on cloud-native infrastructure, and nearly 90 per cent [...]
