Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday sold 4.80 lakh shares of private lender ICICI Bank worth Rs 34 crore through an open market transaction. According to block deal data available with the BSE, Merrill Lynch sold 4,80,440 shares at an average price of Rs 714.65 apiece, taking the transaction size to Rs [...]
The National Company Law Appellate Tribunal (NCLAT) has directed Jet Airways, which is preparing to resume flight services in the coming months, to vacate its office from the premises of Mack Star Marketing in Mumbai. While passing an order on May 6, a three-member bench of the NCLAT also said that no monthly fees shall [...]
Telecom operator Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March compared to same period of the previous year, while its realisation per user or ARPU improved sharply on a sequential basis. The losses were at Rs 7,022.8 crore in the year-ago period, according [...]
Ajanta Pharma on Tuesday said its consolidated profit after tax declined by 5 per cent to Rs 151 crore for the fourth quarter ended March 2022. The drug firm had reported a consolidated PAT (Profit After Tax) of Rs 159 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations rose to Rs 870 [...]
Country's largest lender State Bank of India on Tuesday announced a hike of 40-90 basis points in the interest rates on several bulk term deposits. The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said. While interest rate on deposits maturing between 7 [...]
State-owned Bank of Baroda (BoB) on Tuesday announced an increase in its lending rate by up to 10 basis points (0.1 per cent), joining its peers that have raised rates after the surprise tightening of monetary policy by the RBI last week. The bank has hiked the marginal cost of funds based lending rate (MCLR) [...]
Russia has been behind a series of cyber-attacks linked with its conflict with Ukraine earlier this year with wide-ranging impact across Europe, the European Union (EU), the UK and the US said on Tuesday. The western allies said the most recent attack was on the communications company Viasat in Ukraine, which had a wider impact [...]
Cab aggregators, including Ola and Uber, have been warned of strict action unless they improve their systems and redress rising consumer complaints, a senior government official said on Tuesday. The government held a meeting on Tuesday with the ride-hailing platforms amid a rise in consumer complaints of alleged unfair trade practices by them, including ride [...]
MUMBAI, India, May 10, 2022 /PRNewswire/ -- Black Box Limited (formerly AGC Networks Ltd), (BSE: BBOX) and (NSE: BBOX), a trusted IT solutions provider today announced that its partnership with Juniper Networks, a leader in secure, AI-driven networks, has been elevated to the highest level of their partner Juniper Partner Advantage Program 2022 - Elite [...]
Startups represent an important part of the economy and can shape the future of jobs, products and industries, NITI Aayog Vice Chairperson Suman Bery said on Tuesday. Speaking at the launch of 'AIM-PRIME Playbook', Bery further said science-based startups are particularly exciting due to their potential for delivering large-scale social impact. The AIM PRIME (Program [...]
