Mumbai, May 3 (PTI) Gold sales rebounded on Akshaya Tritiya after remaining subdued for past two years due to Covid-19 as a decline in the metal's prices along with public holiday on Tuesday led to heavy footfall at jewellery stores, industry players said. Jewellers witnessed heavy interest among customers to buy gold on this Akshaya [...]
Kolkata, May 3 (PTI) Coal India subsidiary Northern Coalfields Limited (NCL) registered a 26.22 per cent year-on-year production growth and an 18 per cent rise in dispatch in April 2020, helping the parent company achieve a 28 per cent traction in output for the month under review, an official said on Tuesday.The NCL extracted 10.81 [...]
Panaji, May 3 (PTI) Three labourers died in a blast in an under-maintenance ammonia tank at a plant of Zuari Agro Chemicals Ltd (ZACL) in Vasco town in south Goa on Tuesday, a state cabinet minister said.Goa Factories and Boilers Minister Nilkant Halarnkar said the blast in the Zuari Agro Chemicals factory occurred in the [...]
New Delhi, May 3 (PTI) The initial public offer of Prudent Corporate Advisory Services Ltd, a retail wealth management firm, will open on May 10. The IPO, which is entirely an Offer for Sale (OFS) of 85,49,340 equity shares, will close on May 12. The bidding date for anchor investors will be May 9, according [...]
New Delhi, May 3 (PTI) EIH Associated Hotels Ltd, a part of the Oberoi group, on Tuesday said its long-serving chairman and director Prithivraj Singh Oberoi resigned with effect from May 2, 2022 due to deteriorating health condition. Subsequently, the board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was [...]
Copenhagen, May 3 (PTI) Prime Minister Narendra Modi on Tuesday said it is the "inclusiveness and cultural diversity" that powers the Indian community to feel alive in every moment and these values have developed within Indians for thousands of years. Addressing the Indian community settled in Denmark during his visit to the Nordic nation, Modi [...]
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
New Delhi, May 3 (PTI) IT security startup Traceable AI on Tuesday said it raised USD 60 million, about Rs 460 crore, in a funding round led by Institutional Venture Partners. This new funding values Traceable AI at more than USD 450 million, the company said in a statement. Tiger Global Management and existing investors [...]
New Delhi, May 3 (PTI) Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said on Tuesday. The acquisition of NINL is critical for Tata Steel to build a dedicated long products complex. On January 31, Tata Steel [...]
The Mega IPO of Life Corporation of India (LIC) opens between 4th May to 9th May 2022. It is the biggest IPO that the Indian Capital Market has ever witnessed with an issue size of Rs 21,000 Cr. Looking into the IPO, the LIC price band is between Rs 902 to Rs 949 per share. [...]
New Delhi, May 3 (PTI) Union power minister R K Singh on Tuesday urged German energy firms to invest in India as the country has emerged as the most attractive destination for investment in renewable energy sector. "Union Minister for Power and New & Renewable Energy R K Singh held a virtual round-table meeting today [...]
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
Adani Enterprises Ltd (AEL) on Tuesday reported a marginal 2 per cent decline in consolidated profit after tax (PAT) to Rs 325.76 crore for the quarter ended on March 31, 2022, on the back of higher expenses. The company had posted a consolidated PAT of Rs 332.53 crore in the year-ago period, Adani Enterprises said [...]
Copenhagen, May 3 (PTI) India and Denmark on Tuesday agreed to further strengthen the Green Strategic Partnership with a focus on green hydrogen, renewable energy and wastewater management. “During our discussions, we reviewed the joint work plan for the green strategic partnership. I am happy that significant progress has been made in various fields, especially [...]
New Delhi, May 3 (PTI) Driven by the early arrival of summer and intense heat wave, residential air conditioner makers are looking forward to a record sales of around 90 lakh units this year, said Consumer Electronics and Appliances Manufacturers Association on Tuesday. Already, in April the industry has clocked the sale of around 17.5 [...]
Tata Steel on Tuesday posted a 37 per cent jump in consolidated net profit at Rs 9,835.12 crore for the quarter ended March 2022, mainly on account of higher income. The steel major had reported a net profit of Rs 7,161.91 crore in the year-ago quarter, it said in a BSE filing. During January-March 2022, [...]
