New Delhi, Mar 21 (PTI) The board of state-run REC on Monday approved a proposal to raise up to Rs 85,000 crore in 2022-23 which includes Rs 75,000 crore from different type of bonds, term loans, external commercial borrowing among others. "The Board of Directors of REC Ltd in its meeting held on March 21, [...]
The electric vehicle manufacturers would need government support for a longer term until the EV market becomes self-sustainable, more affordable and within the reach of the common man, a Parliamentary panel said in a report on Monday. The department-related parliamentary standing committee on industry has also expressed concerns over a "lacklustre progress" in both physical [...]
New Delhi, Mar 21 (PTI) Finance Minister Nirmala Sitharaman on Monday asserted that the proposed 8.1 per cent interest rate on employees' provident fund is better than interest rates offered by other small savings schemes, and the revision is dictated by the realties of the current times. The EPFO's central board takes a call on [...]
New Delhi, Mar 21 (PTI) Film exhibition major PVR Ltd on Monday announced the launch of its movie non-fungible token (NFT) 'PVRRR' in association with DVV Entertainment, the producers of the upcoming movie RRR, as it looks to add another avenue for promoting movies. The PVRRR NFTs, which are powered by ngageN, will be available [...]
Bhubaneswar, Mar 21 (PTI) The National Bank for Agriculture and Rural Development said on Monday that it has sanctioned a financial assistance of more than Rs 4,000 crore to Odisha in the current fiscal, the highest allocation in the country.The allotment was made on the basis of the priority accorded by the state government for [...]
New Delhi, Mar 21 (PTI) Citing non-implementation of penalty against corrupt officers, the Central Vigilance Commission on Monday asked public sector banks and government departments to ensure that guilty do face the punishment, and the compliance report for 2020 and 2021 should be forwarded to the CVC latest by June 30. After completion of departmental [...]
New Delhi, Mar 21 (PTI) Commerce and Industry Minister Piyush Goyal has said that several ministries, which are related to e-commerce, are deliberating on the e-commerce policy draft and it will be put out in the public domain after discussions, according to a statement issued by domestic traders body CAIT.A delegation of the Confederation of [...]
New financing secured from Aseem Infrastructure Finance Limited, NIIF Infrastructure Finance Limited and Aditya Birla Finance Limited New Delhi, Delhi, India (NewsVoir) Sterlite Power, a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project. The new financing from Aseem Infrastructure Finance Limited [...]
The University of East London (UEL), a public university located in the London Borough of Newham -- London, England, and whose roots can be traced to 1898 (attained University status in 1992), is setting up its First India office in Pune. UEL has been pioneering futures since 1898: from the 2nd Industrial Revolution through to [...]
Coimbatore, Mar 21 (PTI) Suguna Foods, a poultry company, on Monday announced the appointment of Vignesh Soundararajan as its new managing director effective from April 1. Vignesh would power the expansion plan of the company in the segment and focus on strengthening the footprint of the brand across the country, a press release from the [...]
Mumbai, Mar 21 (PTI) Sanitaryware major Asian Granito on Monday announced a Rs 500-crore rights issue to fund its expansion plans. Under this expansion, the company plans to set up three manufacturing units at an investment of around Rs 300 crore in luxury surfaces and bathware segments. The proceeds from the Rs 500-crore rights issue will [...]
Chennai, Tamil Nadu, India (NewsVoir) • The funds will be utilized to support the growth momentum of the Company. Provet Pharma Private Limited, headquartered in Chennai, one of the fast-growing animal health care companies in India, raises an undisclosed amount from N+1 Capital, one of India's largest revenue-based growth capital funds. The Company will be [...]
Mumbai, Mar 21 (PTI) The rupee slumped by 34 paise to close at 76.18 against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment. Expectations of aggressive rate hikes by the US Federal Reserve to control inflation also weighed on the local unit. [...]
Today's realities dictated interest rate on employee PF; 8.1% rate better than interest rate on small saving deposits: FM in Rajya Sabha. PTI MBI ANZ MR MR
Shares of Future group of companies were under pressure on Monday with Future Lifestyle Fashions and Future Retail tanking the most in tandem with a weak broader market. Future Lifestyle Fashions Ltd tumbled 9.08 per cent while Future Retail Ltd tanked 7.88 per cent. Similarly, Future Consumer Ltd declined 3.48 per cent, Future Supply Chain [...]
Embedded value of LIC calculated in very scientific way, disclosed in draft IPO papers filed with SEBI: FM on pre-IPO valuation of LIC. PTI MBI ANZ MR MR
Rs 5,000 cr proposed for recapitalisation of state insurance companies in third batch of supplementary demands for grants: FM in Rajya Sabha. PTI MBI ANZ MR MR
HYDERABAD, India, March 21, 2022 /PRNewswire/ -- CtrlS - Asia's largest rated-4 hyperscale data center has performed a ceremonial groundbreaking ceremony kicking-off construction of its third hyperscale data center in Gachibowli, Hyderabad. The data center will be spread across 131,000 square feet equipped with 1,600 racks powered by 18MW of electricity. The groundbreaking ceremony was [...]
