by PTI News | Mar 31, 2022 | 9:10 pm | Corporate Action, News
New Delhi, Mar 31 (PTI) The National Company Law Tribunal (NCLT) has approved the scheme of transfer of Raymond Apparel Ltd business to Raymond Ltd. In September 2021, board of Raymond had approved demerging the B2C business, including apparels, of Raymond Apparel Ltd (RAL), on a going concern basis to merge with the company itself. [...]
by PTI News | Mar 31, 2022 | 9:05 pm | Company Results, News
Mumbai, Mar 31 (PTI) Aided by low base and the rising advertising and subscription revenue, the print media is likely to clock a 20 per cent topline growth to Rs 27,000 crore next fiscal, but soaring newsprint prices may tear off 300-350 bps of operating profitability for the sector, says a report. In a report [...]
by PTI News | Mar 31, 2022 | 9:01 pm | Economy, News
New Delhi, Mar 31 (PTI) TRAI on Thursday issued a clarification on its January directive that had asked telecom operators to come out with at least one tariff plan which can be renewed on the same date of every month, and granted additional 60 days to players to ensure compliance. Following industry representations, the Telecom [...]
by PTI News | Mar 31, 2022 | 8:56 pm | Economy, News
New Delhi, Mar 31 (PTI) The Union government is looking to raise Rs 8.45 lakh crore through borrowings in the first half of 2022-23 to fund the revenue gap for reviving the economy, the finance ministry said on Thursday. Out of the gross market borrowing of Rs 14.31 lakh crore estimated for the next financial [...]
by PTI News | Mar 31, 2022 | 8:45 pm | News
New Delhi, Mar 31 (PTI) Debt-ridden Future Retail Ltd's CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing. Future Group CEO Kishore Biyani has been re-appointed as executive chairman of the company for three years, a regulatory filing said on Thursday. "Sadashiv Nayak, who was appointed as [...]
by PTI News | Mar 31, 2022 | 8:33 pm | Commodities, News
New Delhi, Mar 31 (PTI) Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle. The project will be built under group captive norms on Build-Own-Operate (BOO) basis through a special purpose vehicle (SPV), HZL [...]
by PTI News | Mar 31, 2022 | 8:31 pm | News
Mumbai, Mar 31 (PTI) Net claims of non-residents on India increased by USD 21.1 billion during the December quarter due to an increase in foreign-owned assets combined with a decline in Indian residents' overseas financial assets, according to the RBI data. Higher inward direct investment, trade credit and loans contributed to the increase in non-residents’ [...]
by PTI News | Mar 31, 2022 | 8:30 pm | News
New Delhi, Mar 31 (PTI) Fintech firm OneCode on Thursday said it has raised Rs 100 crore in a funding round led by General Catalyst.The series A funding round also saw participation from existing investors including Sequoia Capital India's Surge, Nexus Venture Partners, and Waterbridge Ventures.Angel investors like Vidit and Sanjeev from Meesho, Madhusudhan from [...]
by PTI News | Mar 31, 2022 | 8:27 pm | News
Bhubaneswar, Mar 31 (PTI) The Odisha government on Thursday increased the fares of buses across all categories as the diesel price continued to skyrocket in the country. In an order, the State Transport Authority (STA) justified the hike as the diesel price shot up to Rs 98.40 currently in the state as against Rs 91.61 [...]
by PTI News | Mar 31, 2022 | 8:26 pm | News, News Alert
White House: Biden orders release of 1M barrels of oil per day from strategic reserve for 6 months to bring down prices, reports AP. PTI RUP RUP
by PTI News | Mar 31, 2022 | 8:25 pm | News
New Delhi, Mar 31 (PTI) Wipro Consumer Care & Lighting's venture funding arm, Wipro Consumer Care - Ventures, has invested in a Singapore-based VC Fund DSG Consumer Partners IV, a statement said. The company did not disclose the amount of funding. DSG, since its inception in 2012, is focused on the Asian consumer segment with [...]
by PTI News | Mar 31, 2022 | 8:24 pm | News
New Delhi, Mar 31 (PTI) The government on Thursday kept interest rates unchanged for small savings schemes, including PPF and NSC, for the first quarter of 2022-23 amid rising inflation. The interest rate has not been revised since the first quarter of 2020-21. Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to [...]
by PTI News | Mar 31, 2022 | 8:22 pm | Corporate Action, Economy, News
New Delhi, Mar 31 (PTI) Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from [...]
by PTI News | Mar 31, 2022 | 8:03 pm | Commodities, News
New Delhi, Mar 31 (PTI) Patanjali Ayurved-owned Ruchi Soya on Thursday fixed the issue price of its follow-on public offer at the upper limit of its price band at Rs 650 per equity share to raise Rs 4,300 crore. Ruchi Soya hit the capital market with its FPO on March 24 to raise Rs 4,300 [...]
by PTI News | Mar 31, 2022 | 7:46 pm | IPO, News
New Delhi, Mar 31 (PTI) The initial public offering of Veranda Learning Solutions Limited was subscribed 3.53 times on the last day of the offer on Thursday. The Rs 200-crore public offer received bids for over 4.15 crore shares against 1.17 crore shares on offer, according to the data available with the NSE. The category [...]
by PTI News | Mar 31, 2022 | 7:45 pm | News
Mumbai, Mar 31 (PTI) The Reserve Bank of India on Thursday gave another extension till March 2023 to banks to implement its direction on use of only lockable cassettes for replenishing cash in their ATMs. Currently, most of the ATMs (Automated Teller Machines) are replenished by way of open cash top-up or by loading cash [...]
by PTI News | Mar 31, 2022 | 7:40 pm | News
New Delhi, Mar 31 (PTI) State-run Indian Renewable Energy Development Agency (IREDA) has sanctioned a Rs 267.67-crore loan to BluSmart Mobility for the purchase of 3,000 all-electric cars. "In a bid to promote electric vehicles in Delhi-NCR region, Indian Renewable Energy Development Agency Ltd (IREDA), the largest lender of the Renewable Energy sector in India, [...]
by PTI News | Mar 31, 2022 | 7:32 pm | News
New Delhi, Mar 31 (PTI) Providing more time to fund houses, Sebi on Thursday extended the deadline for implementing certain directions for mutual funds, including those pertaining to usage of pool accounts for transactions, to July 1. In October 2021, Sebi had said that stock brokers and clearing members should not accept payment through one-time [...]
by PTI News | Mar 31, 2022 | 7:31 pm | Economy, News
New Delhi, Mar 31 (PTI) The Union government is looking to raise Rs 8.45 lakh crore through borrowing in the first half of 2022-23 to fund the revenue gap for reviving the economy, the Finance Ministry said on Thursday. Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh [...]
by PTI News | Mar 31, 2022 | 7:22 pm | Economy, News
New Delhi, Mar 31 (PTI) Agriculture minister Narendra Singh Tomar on Thursday virtually inaugurated the 'Silver Jubilee Building' of ICAR-Directorate of Cashew Research in Puttur city of the Dakshina Kannada district, Karnataka. In his inaugural address, Tomar stressed on the need to enhance the production and productivity of cashew crop by increasing the area under [...]
