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Small cap stock jumps up to 2.6% after it receives work order from Govt. to set up Tent city in Maharashtra

Small cap stock jumps up to 2.6% after it receives work order from Govt. to set up Tent city in Maharashtra

A small cap company received a work order from Maharashtra Tourism Development Corporation (MTDC) to set up and operate Tent city at Kihim in Raigad district of Maharashtra.  With the market capitalization of 1,294.3 crore, the shares of Praveg were trading marginally lower at Rs 566 levels in the final trading hours of Wednesdays session.  [...]
PSU stock falls more than 10% after Govt. of India plans to sell up to 7% stake in the company 

PSU stock falls more than 10% after Govt. of India plans to sell up to 7% stake in the company 

The shares of this leading public finance company fell 10 percent in Wednesday’s trade after the Government of India planned to sell up to 7 percent stake, equivalent to 14,01,33,000 equity shares from the company through Offer for Sale(OFS) on October 18, 2023.  At 1:25 p.m. the shares of Housing and Urban Development Corporation(HUDCO) were [...]
Nepal government to address the issue facing the Arun III hydropower project

Nepal government to address the issue facing the Arun III hydropower project

A high-level meeting headed by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has recommended that issues related to the entry route of the 900 MW Arun III Hydropower Project, the country's biggest, being constructed by an Indian company should be addressed to ensure its timely completion. SJVN Arun-III Power Development Company (SAPDC), a wholly-owned subsidiary [...]
India allows exports of more than 10 lakh tonnes of non-basmati white rice to seven countries

India allows exports of more than 10 lakh tonnes of non-basmati white rice to seven countries

The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The Directorate General of Foreign Trade (DGFT) said in a notification that the export is permitted through National Cooperative Exports Limited (NCEL). To boost domestic supply, though exports of non-basmati white [...]
The government extends sugar export restrictions beyond October 31

The government extends sugar export restrictions beyond October 31

The government on Wednesday again extended restrictions on sugar exports beyond October 31 this year, a step aimed at enhancing the commodity's availability on the domestic market during the festive season. Earlier, the restrictions were imposed until October 31 this year. The directorate general of foreign trade (DGFT) said in a notification that "Restriction on [...]