by PTI News | Mar 14, 2022 | 10:21 pm | Corporate Action, News
New Delhi, Mar 14 (PTI) Markets regulator Sebi on Monday imposed Rs 7 lakh fine on Jaypee Infratech Ltd for disclosure lapses. The company did not make disclosures with regard to series of non-convertible debt (NCD) securities issued and listed by it, as required under market norms, a Sebi order said. Besides, it failed to [...]
by PTI News | Mar 14, 2022 | 10:04 pm | Corporate Action, News
New Delhi, Mar 14 (PTI) IT company Persistent Systems on Monday said it will acquire New Jersey-based cloud technology firm MediaAgility for USD 71.71 million (about Rs 548 crore) in an all-cash deal. The company will make an upfront payment of USD 53.25 million to shareholders of MediaAgility. Besides this, shareholders of MediaAgility will be [...]
by PTI News | Mar 14, 2022 | 9:47 pm | Economy, News
Mumbai, Mar 14 (PTI) House economists at the nation's largest lender SBI have forecast more pain for the rupee if the ongoing Ukraine war lingers, plumbing to a new low of 77.5 to a dollar by June and marginally improving to 77 by end-December. They also said the current account deficit (CAD) will be at [...]
by PTI News | Mar 14, 2022 | 9:15 pm | News
Chandigarh, Mar 14 (PTI) Haryana Agriculture Minister J P Dalal on Monday asserted that there is no shortage of urea fertiliser in the state and farmers are happy. He was replying to a question in the state assembly raised in the Question Hour by opposition Congress member Kiran Choudhary. Dalal said during the current Rabi [...]
by PTI News | Mar 14, 2022 | 9:14 pm | IPO, News
New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC. The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer. PTI RR ABM ABM
by PTI News | Mar 14, 2022 | 9:02 pm | News
Mumbai, Mar 14 (PTI) The microfinance industry on Monday welcomed the revised directions for microfinance loans issued by the Reserve Bank of India (RBI) and said the harmonised regulations will usher in a new era, bring in uniformity and provide a level playing field in the sector. In February last year, RBI had announced [...]
by PTI News | Mar 14, 2022 | 8:42 pm | Corporate Action, News
New Delhi, Mar 14 (PTI) Manufacturer of lithium-ion battery packs for electric vehicles, Battrixx on Monday said it has fully acquired Pune-based Varos Technology Pvt Ltd for an undisclosed sum. Varos is a technology product and service provider in the field of IoT, including tools for electric vehicle (EV) infrastructure and battery management systems. Battrixx [...]
by PTI News | Mar 14, 2022 | 8:39 pm | News
New Delhi, Mar 14 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order directing the Damodar Valley Corporation (DVC) to restore the electricity supply of a plant of debt-ridden Karthik Alloys, which is facing insolvency resolution proceedings. The appellate tribunal said that the National Company Law Tribunal (NCLT) has "not [...]
by PTI News | Mar 14, 2022 | 8:31 pm | Company Results, News
New Delhi, Mar 14 (PTI) Flexi-staffing industry has dodged Omicron fears and grew by 21.5 per cent in the third quarter of FY2022 compared to the year-ago period, a report by the Indian Staffing Federation (ISF) said. The IT and ITeS, e-commerce, retail, logistics, and hospitals were among the top hiring sectors in Q3 FY22, [...]
by PTI News | Mar 14, 2022 | 8:26 pm | Economy, News
New Delhi, Mar 14 (PTI) The CBI has filed an FIR against Cethar Limited and its Chairman K Subburaj and Managing Director N K Pothiraj for allegedly cheating Canara Bank to the tune of Rs 163 crore in loan defaults, officials said on Monday.The company started operating in 1981 in Tiruchirappalli, Tamil Nadu and is [...]
by PTI News | Mar 14, 2022 | 8:24 pm | Economy, News
New Delhi, Mar 14 (PTI) Retail inflation hit an eight-month high of 6.07 per cent in February, remaining above the RBI's comfort level for the second month in a row, while wholesale price-based inflation soared to 13.11 per cent on account of hardening of crude oil and non-food item prices, government data showed on Monday. [...]
by PTI News | Mar 14, 2022 | 8:18 pm | Corporate Action, News
New Delhi, Mar 14 (PTI) Strides Pharma Science Ltd on Monday said its promoters have revised downwards their intent to subscribe equity warrants to 20 lakh from an earlier overall commitment to subscribe 40 lakh warrants. In a regulatory filing, the company said its board of directors have approved the revised proposal of the promoters [...]
by PTI News | Mar 14, 2022 | 8:09 pm | News
New Delhi, Mar 14 (PTI) Amid skyrocketing global oil prices, Union Minister Hardeep Singh Puri on Monday said the government will take all required measures in the coming months to ensure that consumers get relief from high fuel rates. Replying during the Question Hour in the Rajya Sabha, the Minister of Petroleum and Natural Gas [...]
by PTI News | Mar 14, 2022 | 8:06 pm | News
New Delhi, Mar 14 (PTI) The government on Monday sought Parliament nod for net additional spending of over Rs 1.07 lakh crore, including about Rs 15,000 crore towards fertiliser subsidy, in the third batch of supplementary demands for the current fiscal year. According to the third batch of supplementary demands for grants tabled in the [...]
by PTI News | Mar 14, 2022 | 7:47 pm | Commodities, News
Mumbai, Mar 14 (PTI) Crisis-ridden fintech player BharatPe has entered the gold loan segment for its merchant partners, marking its entry into the secured credit category for a firm that hawks a slew of unsecured small ticket credit products. The Gurugram-based company has been mired in a lot of scandals, which led to one of [...]
by PTI News | Mar 14, 2022 | 7:43 pm | Foreign Exchange and Rupee Price, News
Kolkata, Mar 14 (PTI) The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (USD/INR) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report. The [...]
by PTI News | Mar 14, 2022 | 7:40 pm | News, News Alert
Reliance Industries acquires assets of cobalt-free lithium battery technology company Lithium Werks for USD 61 mn: Statement. PTI ANZ ANZ ABM ABM
by PTI News | Mar 14, 2022 | 7:38 pm | News
Mumbai, Mar 14 (PTI) The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 [...]
by PTI News | Mar 14, 2022 | 7:33 pm | News
Coimbatore, Mar 14 (PTI) As part of its expansion plans, Bahwan CyberTek (BCT) Group, a global provider of digital transformation solutions, opened a product engineering and software delivery center in the city on Monday. The centre will accommodate 70 employees and will have a training facility to promote up-skilling in digital technologies. It will play [...]
by PTI News | Mar 14, 2022 | 7:31 pm | Company Results, News
Mumbai, Mar 14 (PTI) Microfinance industry's gross loan portfolio (GLP) grew 1.86 per cent year-on-year to Rs 2,32,126 crore in the quarter ended December 2021 as against Rs 2,27,893 crore in the same period of the previous fiscal, according to a report by Sa-Dhan. Sa-Dhan is an RBI-recognised self-regulatory organisation for microfinance institutions (MFIs). Total [...]
