by PTI News | Mar 28, 2022 | 10:40 pm | News
Pune, Mar 28 (PTI) In order to save lives on roads in Pune, Tactical Urbanism Trials (TUL) were launched at the Undri Chowk and Khadi Machine Chowk on the city's outskirts, an organisation said on Monday. These trials are being conducted by the Save LIFE Foundation in association with the Pune Municipal Corporation and the [...]
by PTI News | Mar 28, 2022 | 10:26 pm | News
New Delhi, Mar 28 (PTI) Capital markets regulator SEBI on Monday asked bankers of Baba Ramdev-led Patanjali group's Ruchi Soya to give an option to investors in its ongoing follow-on public offer of shares to withdraw their bids while also cautioning them about "circulation of unsolicited SMS" about the share sale. The development assumes significance [...]
by PTI News | Mar 28, 2022 | 10:17 pm | News
New Delhi, Mar 28 (PTI) Relaxing its earlier directions, Sebi on Monday removed the securities market ban imposed on eight entities with respect to alleged insider trading activities in the shares of Poonawalla Fincorp Ltd, which was earlier known as Magma Fincorp. Passing a 62-page confirmatory order, the regulator said the eight entities are now [...]
by PTI News | Mar 28, 2022 | 9:54 pm | News
New Delhi, Mar 28 (PTI) Ruchi Soya Industries' follow on public offer to raise up to Rs 4,300 crore was subscribed 3.60 times on the final day on Monday. The Follow on Public Offer (FPO) opened on March 24 and the company raised Rs 1,290 crore from anchor investors. Bids of more than 17.60 crores [...]
by PTI News | Mar 28, 2022 | 9:52 pm | News
New Delhi, Mar 28 (PTI) Chinese telecom gear maker Huawei on Monday said that it has been facing multiple challenges in India, but is committed to support customers in the country. Huawei India CEO David Li while unveiling the company's annual financial report for 2021 at a virtual event said that the company is monitoring [...]
by PTI News | Mar 28, 2022 | 9:39 pm | News
New Delhi, Mar 28 (PTI) Markets watchdog Sebi on Monday penalised erstwhile Essar Steel India Ltd, which is now known as ArcelorMittal India Pvt Ltd, for lapses in making disclosures related to issuance of non-convertible debentures. However, the imposition of Rs 2 lakh fine on the entity would be subject to the outcome of appeals [...]
by PTI News | Mar 28, 2022 | 9:33 pm | News
Mumbai, Mar 28 (PTI) The second-largest mortgage lender Indiabulls Housing Finance is planning to raise Rs 50,000 crore next fiscal to fund its expected 15-20 per cent loan growth which will take its balance sheet near to the pre-pandemic peak when it had crossed the Rs 1-lakh-crore mark, a senior company official said on Monday. [...]
by PTI News | Mar 28, 2022 | 9:16 pm | Company Results, News
New Delhi, Mar 28 (PTI) Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple brokerage reports. Credit Suisse, in a note on Bharti Airtel, said that while the 5G auctions are likely in the first quarter (Q1) [...]
by PTI News | Mar 28, 2022 | 9:12 pm | Economy, News
New Delhi, Mar 28 (PTI) More than 37,000 users have joined the digital payment service meant for feature phones while 21,833 successful transaction have taken place since its launch on March 8, 2022, Parliament was informed on Monday. The UPI123Pay service is available for feature phones without internet. Prior to the launch of this service, [...]
by PTI News | Mar 28, 2022 | 8:53 pm | News
Mumbai, Mar 28 (PTI) Reserve Bank's new rules for microlenders, who have been deeply impacted in the pandemic because of loan losses, will help widen profits by giving such entities greater flexibility in operations, a report said on Monday.Removing the interest margin cap on loans, the biggest change in regulation, will help NBFC-MFIs (non-banking finance [...]
by PTI News | Mar 28, 2022 | 8:49 pm | News
New Delhi, Mar 28 (PTI) Godrej group consumer durables maker Godrej Appliances on Monday said it has onboarded Bollywood actor Ayushmann Khurrana as a brand ambassador for its range of products. This is in alignment with the brand’s vision of becoming India’s most preferred appliances brand, a statement said. The actor, known for his diverse [...]
by PTI News | Mar 28, 2022 | 8:42 pm | News
New Delhi, Mar 28 (PTI) Max Group founder and Chairman Analjit Singh on Monday refuted the allegations made against him by his wife Neelu Analjit Singh in a petition filed before the NCLT and said he will contest the charges at the hearings of the tribunal. Terming the allegation of diversion and siphoning of funds [...]
by PTI News | Mar 28, 2022 | 8:33 pm | Economy, News
Kolkata, Mar 28 (PTI) The West Bengal government on Monday held a roadshow in Chennai to promote the sixth edition of a state business summit.The roadshow was organised in association with Assocham to highlight the state's unique business opportunities, strategic location advantage and availability of human resource capital with investor-friendly policies.The next edition of the [...]
by PTI News | Mar 28, 2022 | 8:25 pm | News
New Delhi, Mar 28 (PTI) IT services company HCL Technologies on Monday said it has been selected to provide global service desk and on-site support to global healthcare company Novo Nordisk.Through the partnership, HCL will help Novo Nordisk transform its IT operations and create world-class end-user experiences and drive efficiency across its workforce, the company [...]
by PTI News | Mar 28, 2022 | 8:24 pm | News
New Delhi, Mar 28 (PTI) Amid global market uncertainties, e-commerce firm Shopee on Monday announced shutting down of business in India within months of its entry to the country. The company, operated by Singapore based Sea Limited, had in February closed down its operations in France as well. "In view of global market uncertainties, we [...]
by PTI News | Mar 28, 2022 | 8:21 pm | Corporate Action, News
New Delhi, Mar 28 (PTI) Chemicals firm SRF Ltd on Monday said its board has approved the appointment of Ashish Bharat Ram as Chairman and Managing Director with effect from April 1. In a regulatory filing, SRF said that the company had announced the appointment of Vellayan Subbiah as the Chairman of the board of [...]
by PTI News | Mar 28, 2022 | 8:05 pm | Corporate Action, News
New Delhi, Mar 28 (PTI) Sudarshan Chemical Industries Ltd on Monday said its board has approved a proposal to raise up to Rs 200 crore through issue of debentures. In a regulatory filing, the Pune-based company informed that the board has approved "fund raising by way of issue of Non-Convertible Debentures (NCD) aggregating up to [...]
by PTI News | Mar 28, 2022 | 7:59 pm | News
Itanagar, Mar 28 (PTI) Arunachal Pradesh Deputy Chief Minister Chowna Mein on Monday urged the North Eastern Regional Power Committee (NERPC) to carry out a feasibility study for the establishment of a 132 kv transmission line between Lumla in Tawang district of the state and 600 mw Kholongchu Hydro-Electric Power Station in Bhutan.Attending the 22nd [...]
by PTI News | Mar 28, 2022 | 7:56 pm | News
New Delhi, Mar 28 (PTI) International Road Federation on Monday said it has urged the government to revisit the age-old existing tendering system based on the least cost selection method or L1, stating that it may not be the most-appropriate and suitable method of awarding a contract for various infrastructure projects. "In India complex projects [...]
by PTI News | Mar 28, 2022 | 7:56 pm | News
Dubai, Mar 28 (PTI) UAE-based Lulu Group will invest Rs 3,500 crore in Tamil Nadu to set up shopping malls, hypermarkets and food processing and logistic centre, the USD 7.4 billion retail giant announced on Monday. According to an MoU signed between the Managing Director and CEO of Tamil Nadu Industrial Guidance and Export Promotion [...]
