Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, [...]
Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company of RFL, has entered into an agreement in connection with the [...]
The government's fiscal deficit at the end of November touched 59 per cent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 9,78,154 crore during the April-November period of [...]
Tamilnad Mercantile Bank Ltd (TMB) has drawn up plans to strengthen itself by opening up additional branches across the country in the near future, said a top official of the bank on Friday. The over-a-century old bank recently inaugurated its 510 and 511th branches here and in Salem respectively. "Upon being listed on the stock [...]
Benchmark BSE Sensex and NSE Nifty pared all intra-day gains to end the last trading day of the year on a bearish note due to fag-end selling amid early losses in the European markets. The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it [...]
The shares of Lotus Chocolate Company Ltd were locked in an upper circuit of 5 percent at Rs 122.95 levels on Friday. In the last five days, the shares of the company have been hitting the upper circuit and have gained approximately 25 percent. The stock gained after Reliance Retail, the retail arm of Reliance [...]
In a bid to give a fillip to mine tourism, eight eco-parks have been constructed recently in different parts of the country and two more will be completed in the ongoing financial year, the government said on Friday. The said eco-parks are being developed on reclaimed land. Coal and mines minister Pralhad Joshi had inaugurated [...]
Shareholders of Dish TV have again rejected the proposal for the adoption of audited standalone and consolidated financial statements for FY21 and FY22 in the AGM held on Thursday. Earlier, the shareholders of the Direct-to-Home service provider had rejected the proposals to approve the balance sheet of the company for the last two fiscals in [...]
Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore) to Shriram Finance Limited (SFL) to provide vehicle loans to women entrepreneurs. The USD 100 million External Commercial Borrowing (ECB) is a five-year loan and is under SFL's Social Finance framework to provide credit towards the purchase of new [...]
Reliance Industries Ltd and its partner bp plc of the UK have sought bids for the sale of natural gas from the eastern offshore KG-D6 block at a price linked to the rate at which LNG is delivered to Japan and Korea. The two partners invited bids for the sale of 6 million standard cubic [...]
