City-based public sector lender UCO Bank on Tuesday said it hopes to achieve a net profit of Rs 1,500 crore this fiscal year. MD & CEO of UCO Bank S S Prasad said the bank had also doubled market capitalisation in less than a year from Rs 13,000 crore to Rs 28,000 crore thereby increasing [...]
Sanjay Chamria, a former official of Poonawalla Fincorp Ltd, has settled with markets regulator Sebi a case pertaining to alleged manipulative trade practice after paying Rs 42.2 lakh towards settlement charge. Chamria, who was the executive vice chairman of Poonawalla Fincorp Ltd (PFL), proposed to settle the pending proceedings, "without admitting or denying the findings" [...]
The wheat export ban will continue as long as India does not feel comfortable in domestic supplies, Food Corporation of India chief Ashok K Meena on Tuesday. Wheat production will not be affected due to recent rains, confident of achieving the output target, he added. Wheat procurement has started across the country, and 10,727 tonnes [...]
Leading leather footwear supplier Mirza International had received the National Company Law Tribunal’s approval for the merger of promoter group-owned entity RTS Fashions Pvt. Ltd. into the company and the demerger of branded business into Redtape Ltd. The ex-date and record date for the same is 29 March 2023. The company in an exchange filing [...]
Shares of all the ten listed firms of the Adani group ended lower for the second day in a row on Tuesday, with Adani Enterprises tumbling 7 per cent. The stock of Adani Enterprises tanked 7.06 per cent, the most among the group firms on BSE. Shares of Adani Ports slumped 5.66 per cent, Adani [...]
Jindal Stainless Ltd (JSL) will invest around Rs 1,300 crore to set up a greenfield nickel pig iron (NPI) smelter facility in Indonesia to enhance its raw material security, the company's MD Abhyuday Jindal said. JSL is the first Indian company to own nickel reserves in any offshore market, he said, adding that the company [...]
The issue of implementation of OBC reservation in all-India quota seats of state agricultural universities is under examination, Union Agriculture Minister Narendra Singh Tomar said on Tuesday. In a written reply to Lok Sabha, Tomar said: "The issue of implementation of OBC reservation in All India Quota (AIQ) Seats of State Agricultural Universities is under [...]
The Jammu and Kashmir administration is all set to launch a technology-driven agriculture apex monitoring dashboard (AAMD) that will offer a one-stop solution to farmers and agri-startups for registration, monitoring and funding of various projects. A roadmap for the AAM dashboard in J&K is aimed at governing the 29 projects that were approved by the [...]
The 6.5 km Z-Morh tunnel on the Srinagar-Leh highway will be inaugurated next month while work on Asia's longest tunnel at Zojila is likely to be completed in 2024, Union Minister Nitin Gadkari said on Tuesday. Addressing Assocham's Annual Day 2023, Gadkari further said that his ministry is also building 9 tunnels between Jammu and [...]
JSW Energy on Tuesday said its subsidiary has agreed to acquire entire equity of 12 special purpose vehicles of Mytrah Energy (India) Pvt Ltd (MEIPL). In August 2022, JSW Neo Energy Ltd (JSWNEL) had agreed to acquire a portfolio of 1,753 MW of renewable energy generation capacity from MEIPL comprising 17 SPVs and 1 Ancillary [...]
