Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd (NCL) for violating norms in the matter of Karvy Stock Broking Ltd (KSBL). In two separate orders, the regulator slapped a fine of Rs 50 lakh on ICCL and Rs 25 [...]
State-owned Indian Oil Corporation (IOC) on Wednesday said it has signed a memorandum of understanding (MoU) to collaborate with state authorities in fighting the menace of Tuberculosis in Uttar Pradesh and Chhatisgarh. The MoU was signed with the Central TB Division (CTD) under the Ministry of Health and Family Welfare (MoH&FW), and Uttar Pradesh and [...]
Telecom operator Bharti Airtel has plans to invest Rs 27,000-28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. While the company is planning to increase capital expenditure by 10-15 per cent, it has no plans to charge a premium rate for 5G services as it has not [...]
Tata Power Renewable Energy Limited has received a Letter of Award (LoA) from Tata Power-DDL for setting up a 225 MW hybrid power project in Karnataka. According to a statement, the project will be commissioned within 24 months from the signing of the Power Purchase Agreement (PPA). The power generated from the project will be [...]
The Indian markets took a breather, after gaining for two days in a row. They opened lower tracking negative global cues, to shift between gains and losses amid volatility. They ended slightly in the red on Wednesday’s closing bell. The Sensex finished at 60,910.28 points, down 0.028% and the Nifty settled at 18,122.50 points, down [...]
The year 2022 has been a roller coaster ride for the Indian stock market. The year started on a strong foot but couldn't hold the momentum as the global markets were affected by the declaration of war by Russia against Ukraine. In addition to that, fears of a recession in the US and a constant [...]
Swan Energy Limited has bought shares of Veritas (India) Ltd, a small-cap company. The shares of Veritas gained 1.99% and are currently locked at an upper circuit. Meanwhile, Swan Energy closed 3.18% higher at ₹ 289.00 apiece. According to the Block Deals data available on the Bombay Stock Exchange (BSE), Swan Energy bought 11,10,000 shares [...]
State-owned UCO Bank on Wednesday said it is planning to raise up to Rs 1,000 crore by issuing debt securities. The bank's board will consider the proposal for raising tier I capital in the form of additional tier I bonds in one or more tranches aggregating to Rs 1,000 crore, UCO Bank said in a [...]
Adani Transmission has formed a subsidiary, BEST Smart Metering Ltd (BSML), to undertake the smart meter business. BSML is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 27th December 2022 and is yet to commence its business operations, a BSE filing stated. "Company has incorporated a wholly-owned subsidiary company [...]
The shares of Rail Vikas Nigam Ltd (RVNL) jumped 4.96% on Wednesday’s early Trades. Its shares were locked in an upper circuit at ₹ 66.70 apiece. The company announced that it has been appointed as the project implementation agency for the UTF Harbor Project in Maldives by the Ministry of External Affairs. The company in [...]
