Capital markets regulator Sebi has sent a notice to Deccan Chronicle Holding's promoters and asked them to pay Rs 4.29 crore in a matter related to misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. The regulator directed T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer to pay Rs [...]
Three projects worth Rs 1,564 crore of state-run SAIL have been delayed due to reasons like slow progress in work, delay in obtaining clearances among others, Parliament was informed on Monday. "Three projects i.e. installation of new sinter plant and rebuilding of COB 8 at Bokaro Steel Plant, and modification in washing circuit of CSW [...]
Mortgage leader HDFC on Monday announced a 35 basis points increase in its retail prime lending rate and now the minimum rate will be 8.65 per cent. The revised rates would be effective from Tuesday. The retail prime lending rate on housing loans, on which the adjustable rate home loans are benchmarked, has been increased [...]
PTC India on Monday said it has entered into an agreement with Bhutan's electricity utility firm Druk Green Power Corporation Limited to supply 600 MW power to the neighbouring country during the winter season. "Bhutan, through Druk Green Power Corporation Limited, has entered into an agreement with PTC India Ltd, for purchase of power from [...]
The regulatory burden is the highest on small cars, a key segment of the Indian automobile industry and having a uniform tax structure across all segments of vehicles will not augur well for the sector growth, according to Maruti Suzuki India Chairman RC Bhargava. He also said India's economic growth rate could be higher if [...]
Cadila Pharmaceuticals on Monday said it has appointed Ashraf Allam as its global Chief Operating Officer (COO). Allam, who served as the CEO at the Public Investment Fund prior to joining Cadila Pharmaceuticals, will report to Group Chairman and Managing Director Rajiv Modi, the company said in a statement. Previously he has worked with multinationals [...]
The shares of Polyplex Corporation hit a 52-week low of ₹ 1625.50 apiece on Monday. Its shares closed at ₹ 1638.00 apiece on the Bombay Stock Exchange (BSE). 90356 shares changed hands during the day. According to the latest filings, ace investor Dolly Khanna holds 3,68,170 shares of the company. Her holdings in the company [...]
Some 15,000 vulnerable households in Sri Lanka hit by the ongoing economic crisis have received over USD 1.4 million in cash transfers from the FAO to overcome the shortage of food and other essential commodities in the island nation, the UN agency said on Monday. This was in addition to over 47,609 families being granted [...]
Dhanuka Agritech Ltd on Monday said its buyback offer for shares worth Rs 85 crore will open on December 26. The buyback will close on January 6, 2023, the company said in a regulatory filing. The company has proposed to buy back 10 lakh shares of face value of Rs 2 each at Rs 850 [...]
Google, the world's most popular search engine, is working on making text and voice internet search available in over 100 Indian langugages, its India-born CEO Sundar Pichai said on Monday. Pichai, who is visiting India, said the pace of technological change in the country has been extraordinary and Google is supporting small businesses and startups, [...]
