by PTI News | Mar 10, 2022 | 10:24 pm | Economy, News
London, Mar 10 (PTI) The State Bank of India (SBI) in the UK sees huge complementarity in the new Free Trade Agreement (FTA) regime and wants to help achieve aspirations on both sides, SBI Chairman Dinesh Kumar Khara said in London on Thursday.Addressing a conclave organised with the Federation of Indian Chambers of Commerce and [...]
by PTI News | Mar 10, 2022 | 10:00 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) Bayer CropScience Ltd on Thursday said its parent firm Bayer AG has signed a definitive agreement with global private equity firm Cinven to sell its environmental science professional business for USD 2.6 billion.The transaction is expected to close in the second half of this year, subject to the satisfaction of [...]
by PTI News | Mar 10, 2022 | 9:52 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) Continuing its crackdown against entities allegedly involved in a front-running scam using messaging app Telegram, Sebi on Thursday carried out search and seizure operations at the premises of eight entities in multiple locations across the country. These entities are reportedly operating nine Telegram channels with more than five million subscribers [...]
by PTI News | Mar 10, 2022 | 9:51 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) RailTel jumped 67 positions to rank 124th in the recently announced 'Fortune India Next 500 list of Year 2022' list, the rail PSU said in a statement.It was ranked 197 in the 2021 list of top midsize companies operating in India.RailTel is one of the largest neutral telecom infrastructure services [...]
by PTI News | Mar 10, 2022 | 9:50 pm | Economy, News
Moscow, Mar 10 (PTI) Russian President Vladimir Putin on Thursday warned that the price of fertilisers across the globe may spike further if the West continued to create "difficulties" for his country, one of the world's largest suppliers of mineral fertilisers.Addressing members of the Russian government, Putin also called on the West not to blame Russia [...]
by PTI News | Mar 10, 2022 | 9:12 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) E-commerce company Amazon India on Thursday announced that the Indian exporter base on its platform has now increased by about 66 per cent since January 2020 to over 1 lakh.The company has around 60,000 exporters on Amazon who are shipping products overseas."Over 1 lakh Indian exporters are now selling globally [...]
by PTI News | Mar 10, 2022 | 9:04 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) MMTC Ltd on Thursday said it has executed a share purchase agreement to sell its entire stake in Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd as part of the disinvestment drive of the government.In January, the government approved the sale of loss-making NINL to Tata Steel [...]
by PTI News | Mar 10, 2022 | 8:57 pm | News
Kolkata, Mar 10 (PTI) Storage battery major Exide Industries has forged a multi-year technical collaboration with a Chinese company for lithium Ion battery manufacturing in India.Exide in a statement on Thursday said partner SVOLT Energy Technology Co Ltd (SVOLT) as part of the agreement will grant Exide an irrevocable right and license to use, exploit [...]
by PTI News | Mar 10, 2022 | 8:56 pm | Commodities, News
New Delhi, Mar 10 (PTI) With the increased acceptance of soy products amid growing health consciousness among general people, the government agency Bureau of Indian Standards on Thursday asked manufacturers of soya products to use 'ISI mark' on their products by taking BIS quality certification.The ISI mark is a standards-compliance mark for industrial products in [...]
by PTI News | Mar 10, 2022 | 8:48 pm | News
New Delhi, Mar 10 (PTI) Tech titan IBM on Thursday announced it is helping Marks & Spencer Reliance India (M&S India) modernise its supply chain to drive seamless integration between online and in-store business for improved customer experience. M&S is scaling its omnichannel capabilities in India with IBM Sterling Supply Chain Solutions, a joint statement [...]
by PTI News | Mar 10, 2022 | 8:39 pm | Corporate Action, News
Amaravati, March 10 (PTI) The Gujarat Cooperative Milk Marketing Federation has forayed into the retail market in Andhra Pradesh, launching the sale of its Amul milk and curd in Vijayawada city.AP Dairy Development Cooperative Federation Managing Director Babu Ahamed launched the sale here on Thursday.The GCMMF is currently procuring cow and buffalo milk from farmers [...]
by PTI News | Mar 10, 2022 | 8:37 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) State-owned hydro power giant NHPC on Thursday said it has paid an interim dividend of Rs 933.61 crore to the government for the financial year 2021-22.On Thursday, NHPC Chairman and Managing Director AK Singh handed over dividend payout advice of Rs 933.61 to Minister of State for Power and New [...]
by PTI News | Mar 10, 2022 | 8:36 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) A Delhi court has granted interim protection from arrest to SpiceJet promoter Ajay Singh in connection with an alleged cheating case over the transfer of shares of the company.Additional Sessions Judge Vineeta Goyal also directed Singh, Chairman and Managing Director of Spicejet, against whom a non-bailable warrant was issued on [...]
by PTI News | Mar 10, 2022 | 8:36 pm | Corporate Action, News
Kohima, Mar 10 (PTI) Nagaland Government on Thursday signed a power purchase agreement (PPA) with a private company for setting up of the first greenfield solar power project in Dimapur district of the state.The agreement was signed by Principal Secretar, Power, K D Vizo on behalf of the Nagaland government and Director of Halo Energie [...]
by PTI News | Mar 10, 2022 | 8:18 pm | Corporate Action, News
New Delhi, Mar 10 (PTI) RattanIndia Enterprises has forayed into the drone business in the country through its wholly-owned subsidiary NeoSky and expects the commercial rollout of products in the first quarter of 2023, a senior company official said on Thursday. The company has earmarked an initial investment of Rs 100 crore in NeoSky, which [...]
by PTI News | Mar 10, 2022 | 8:16 pm | Corporate Action, News
Ranchi, Mar 10 (PTI) Jharkhand Finance Minister Rameshwar Oraon on Thursday said in the assembly that the state government was serious about return of Sahara investors' hard-earned money and was keeping a close tab on developments.Oraon said the matter was lying with capital markets regulator SEBI (Securities and Exchange Board of India) and the apex [...]
by PTI News | Mar 10, 2022 | 8:07 pm | Economy, News
New Delhi, Mar 10 (PTI) Capital markets regulator Sebi on Thursday imposed a total of Rs 15 lakh fine on three entities for indulging in non-genuine trades in stock options on BSE.In three separate orders, the regulator slapped a fine of Rs 5 lakh each on Priti Sultania, Deepa Hirani and Vivek Rungta HUF.The orders [...]
by PTI News | Mar 10, 2022 | 8:02 pm | News
New Delhi, Mar 10 (PTI) Government agency Bureau of Indian Standards (BIS) on Thursday signed an agreement with IIT Roorkee for establishment of 'BIS Standardization Chair Professor'. This would be the first standardization chair established by BIS in an institute for activities on standardization and conformity assessment, an official statement said. The Memorandum of Understanding [...]
by PTI News | Mar 10, 2022 | 8:00 pm | News
Mumbai, Mar 10 (PTI) Small Industries Development Bank of India (Sidbi) is looking at launching a venture debt scheme, its Chairman and Managing Director S Ramann said on Thursday. "Sidbi is very keen on coming out with a venture debt scheme," Ramann said at an event organised by Indian Venture and Alternate Capital Association. He [...]
by PTI News | Mar 10, 2022 | 7:58 pm | News
New Delhi, Mar 10 (PTI) Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.The company's board at a meeting held today considered and approved the termination of joint venture arrangement with Fonterra (Europe) Cooperative, Future Consumer said [...]