The year 2021 witnessed many Indian Tech Startups going public and entering the Indian stock market like Paytm, Zomato, Nykaa, Policy bazaar, etc. However, coming to 2022, the market has not been very kind to the equity investors so far. The market is continuously declining amid the Russia-Ukraine Crisis, Global Sell-off, and RBI repo rate [...]
JSW Infrastructure has started commercial operations at the Paradip East Quay coal terminal in Odisha, developed at an investment of around Rs 1,300 crore. The fully-mechanised terminal at Paradip Port has an annual handling capacity of 30 million tonnes. Built as a cape compliant terminal, it can handle capesize vessels once the dredging at the [...]
Public sector lender Punjab National Bank on Wednesday reported a 66 per cent decline in its standalone net profit at Rs 202 crore for the quarter ended March 2022 due to higher amount parked towards provisioning, even as bad loans declined. The bank had posted a net profit of Rs 586 crore in the same [...]
Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in the company. The [...]
Public sector lender Indian Bank on Wednesday reported a 42 per cent dip in its standalone net profit at Rs 984 crore in the quarter ended March 2022, after it changed the deferred tax asset calculation from annual to quarterly basis. In the year-ago quarter, the bank's standalone net profit stood at Rs 1,709 crore [...]
Ahmedabad, May 11 (PTI) At over Rs 3,00,000 crore, Gujarat's public debt is the lowest among states with big populations in the country, the state government said on Wednesday. Speaking to reporters in Gandhinagar after a cabinet meeting, education minister Jitu Vaghani also informed that road projects worth Rs 12,200 crore will be completed in [...]
The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day. The category meant for Retail Individual Investors (RIIs) received 4.10 times subscription, while the portion for non-institutional investors got subscribed fully and Qualified Institutional [...]
Top business leaders and diplomats attended the curtain raiser event of the Global Investors Meet (GIM) held in New Delhi today • CM Bommai urged everyone to join the GIM, which will be held from Nov 2nd - 4th 2022 at Bengaluru In a major international outreach to garner investments for the state, Karnataka Chief [...]
The revenue per available room (RevPAR) in hotels across six major cities rose by 39.1 per cent year-on-year (YoY) during the January-March quarter with a strong recovery in leisure and business travels, according to JLL India. The company has tracked Delhi, Mumbai, Chennai, Hyderabad, Goa and Bengaluru markets. "All six key markets witnessed RevPAR growth [...]
