IDBI Bank on Monday said its board has approved the appointment of T N Manoharan as the part-time chairman for a period of three years. The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the [...]
State-owned Shipping Corporation of India on Monday said its board has approved certain modifications in the scheme of arrangement for demerger of the company's non-core assets into Shipping Corporation of India Land and Assets Ltd. As part of the strategic sale process, the government is hiving off Shipping House, training institute and some other non-core [...]
Multiplex chain operator PVR Ltd on Monday reported narrowing of its consolidated net loss to Rs 105.49 crore during the fourth quarter ended in March 2022. The company had posted a net loss of Rs 289.21 crore in the January-March quarter a year ago, PVR said in a BSE filing. Its revenue from operations rose [...]
Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. The Qualified Institutional Buyers (QIBs) category [...]
The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta was Rs 29.14 per kg on May 8, 2021. The data from the [...]
RailTel has launched Prime Minister Wi-Fi Access Network Interface (PM-WANI) scheme-based access of its public WiFi services across 100 railway stations, the Rail PSU said in a statement on Monday. The soft launch of this public friendly services was done by Puneet Chawla Chairman and Managing Director, RailTel, at a programme held here on Monday. [...]
With licence quota raj prevailing during the 70 years of Congress regime, the policy change brought in by the central government under Prime Minister Narendra Modi has created new opportunities for the private sector by allowing them to manufacture products that were normally made by public sector units (PSUs), Union Finance Minister Nirmala Sitharaman said [...]
World’s richest person Elon Musk, who recently bought Twitter in a multi-billion-dollar deal, kicked off a storm on social media on Monday by posting a speculative tweet over the possibility of his death under “mysterious circumstances”. Musk, 50, who is the CEO of US-based electric car major Tesla and American aerospace company SpaceX, said in [...]
