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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
New Delhi, Mar 10 (PTI) The government on Thursday said Neelachal Ispat Nigam Ltd's JV partners signed a share purchase agreement (SPA) with Tata Steel Long Products, paving the way for NINL privatisation.NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL."SPA signed today by JV [...]
New Delhi, Mar 10 (PTI) UCO Bank has entered into an agreement to acquire 3 per cent stake in India Debt Resolution Company Ltd (IDRCL) for Rs 1.50 crore, the bank said on Thursday. UCO Bank became one of the stakeholders of IDRCL on March 9, 2022. The bank's holding in the company will be [...]
New Delhi, Mar 10 (PTI) Hulst BV, the promoter of Coforge Ltd (formerly NIIT Technologies), on Thursday offloaded nearly 10 per cent stake in the IT company for an estimated amount of Rs 2,560 crore through open market transactions. According to bulk deal data available with BSE, Hulst BV sold a total of 60 lakh [...]
New Delhi, Mar 10 (PTI) The government has appointed former finance secretary Ajay Bhushan Pandey as chairman of the National Financial Reporting Authority (NFRA) for a period of three years. Pandey, a 1984-batch Maharashtra cadre IAS officer, retired as revenue secretary in February last year. The Appointments Committee of the Cabinet (ACC) has approved the [...]
New Delhi, Mar 10 (PTI) India Infrastructure Finance Company Ltd (IIFCL) on Thursday said it has raised Rs 1,500 crore in debt to provide impetus to government’s infrastructure vision.With a view to promote long term infrastructure finance in India, IIFCL after a span of eight years has raised funds from the domestic market through privately [...]
Mumbai, Mar 10 (PTI) American brokerage firm Morgan Stanley on Thursday sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict on oil prices.Analysts at the brokerage also raised their inflation forecast to 6 per cent - the upper end of the tolerance [...]
New Delhi, Mar 10 (PTI) The telecom tribunal on Thursday ruled that TRAI's directive that enabled users to port out of their network via SMS request, regardless of the value of their tariff plans "requires no interference", as it dismissed a petition filed by Vodafone Idea.The Telecom Disputes Settlement and Appellate Tribunal (TDSAT), however, asked [...]
Mumbai, Mar 10 (PTI) Rising for the second straight day, the rupee appreciated by 19 paise to close at 76.43 against the US dollar on Thursday, supported by positive domestic equities and trends in state election results. At the interbank forex market, the local unit opened at 76.27 against the greenback and witnessed an intra-day [...]
New Delhi, Mar 10 (PTI) Niti Aayog's Atal Innovation Mission (AIM) on Thursday announced a partnership with KidEx Venture Private Limited to leverage KidEx’s existing technology platform to host AIM's flagship programs. According to an official statement, the programs will be available for over 1 crore school students on the AIM network across India. These [...]
Jaipur, Mar 10 (PTI) Rajasthan Chief Minister Ashok Gehlot has directed the revenue department to conduct special 'girdawari' (assessment) work at the earliest to assess the crop damage in Tuesday's hailstorm and give compensation to the affected farmers as per rules. Preliminary information has been received about damage to crops in Pratapgarh, Rajsamand, Chittorgarh, Pali, [...]
Stocks of Mawana Sugars and Dwarikesh Sugars reached record highs on Wednesday. The shares of these companies gained in the midst of turbulent markets as shares of sugar companies were in demand. Operations margins of sugar companies are expected to improve with a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations. [...]
