NSE Academy, a subsidiary of the National Stock Exchange, on Tuesday said it has collaborated with the Risk and Insurance Management Society (RIMS) to strengthen business resiliency through risk management education. The pact is aimed at delivering a series of RIMS-Certified Risk Management Professional Certification (RIMS-CRMP) instructor-led virtual preparation courses for both aspiring students and [...]
The Colombo Stock Exchange has declared Tuesday as a market holiday due to settlement difficulties, nearly a month after it remained closed for a week amid the worst economic crisis in Sri Lanka. The decision also came a day after Sri Lanka witnessed unprecedented violence and political crisis following the resignation of Prime Minister Mahinda [...]
Many pockets of Mumbai plunged into darkness on Monday evening in a power outage caused by what was termed as a "technical fault". The outage comes amid a series of disruptions in power supply faced by the financial capital over the last month amid a severe shortage of electricity that has forced the state discom [...]
Solar panel glass manufacturer Borosil Renewables on Monday said it will invest Rs 1,500 over the next two years to expand its capacity by nearly 2.5 times and supply 15 GW of solar modules by FY25. "We are doubling down on our investments because being the first and the only domestic manufacturer of solar panel [...]
Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday moved the Bombay High Court challenging the disqualification of its bid in connection with a tender issued by state-run Jawaharlal Nehru Port Authority (JNPA) for upgradation of the latter's container terminal in Navi Mumbai. A vacation bench of Justices AK Menon and NR Borkar sought [...]
Godrej Agrovet on Monday reported a rise of 120.59 per cent in its consolidated profit at Rs 139.81 crore during the quarter ended March 2022 compared to the same period of the preceding financial year. The company's profit stood at Rs 63.38 crore during the corresponding period of the previous fiscal, Godrej Agrovet said in [...]
Infibeam Avenues on Monday reported an 11 per cent drop year-on-year in its consolidated net profit to Rs 28 crore for the fourth quarter ended March 2022. However, the company's gross revenue rose 84 per cent year-on-year to Rs 369 crore in the just-ended quarter. On a sequential basis, the consolidated net profit was 17 [...]
Indian Overseas Bank has revised the external benchmark linked lending rate to 7.25 per cent from May 10, the bank said on Monday. "Our bank has revised the Repo Linked Lending Rate (RLLR) to 7.25 per cent (ie 4.40 per cent +2.85 per cent = 7.25 per cent) with effect from May 10, 2022," the [...]
Prime Minister Narendra Modi will on May 13 virtually launch the Madhya Pradesh government's new startup policy aimed at encouraging budding entrepreneurs in the state, an official said on Monday. A host of incentives will be given to eligible early stage companies under the Madhya Pradesh government's Startup Policy and Implementation Plan-2022, he said. The [...]
State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) coal mainly for blending with the domestic dry fuel in thermal plants. The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants. Earlier this month, the power ministry had directed [...]
