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. [...]
New Delhi, Mar 10 (PTI) Projects with implementation risks should normally be financed by the capital markets and not by banks using public deposits, former RBI deputy governor NS Vishwanathan said on Thursday.Speaking at an event organised by industry body Assocham, Vishwanathan said India needs a very strong bond market that can fund projects and manage its [...]
New Delhi, March 10: Manipur International University (MIU) has announced a long-term strategic partnership with Coursera, one of the largest online learning platforms in the world, to provide its students and faculty with unlimited free access to 8,500+ world-class, job-relevant certificate courses, hands-on projects and case studies from more than 250 leading university and industry [...]
The 10th of March marks a very important day for Tibetan people all over the world. It was on this day in 1959, when the Tibetans (in Tibet) revolted against the forcible occupation of their motherland by the Chinese Communist Party (CCP).This revolt was preceded by several deliberate acts of the Chinese which deprived the [...]
New Delhi, Mar 10 (PTI) Drugmaker Lupin on Thursday said it has launched its first reference laboratory under the diagnostics division in Kolkata.The company had forayed into the diagnostics segment in December last year as part of its strategy to provide integrated healthcare in India.Lupin Diagnostics is setting up laboratories in West Bengal, Assam, Bihar, [...]
New Delhi, Mar 10 (PTI) Apparel industry is aware that without sustainable supply chains, the fashion sector will become less viable and sustainability is now counted as one of the major pillars of export business, industry body AEPC said on Thursday.Apparel Export Promotion Council (AEPC) Chairman Narendra Goenka said India offers to the world a [...]
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 [...]
Mumbai, Mar 10 (PTI) India Inc's direct overseas investment declined 67 per cent to USD 753.61 million in February this year, the Reserve Bank data showed on Thursday.The domestic investors had invested over USD 2.28 billion in overseas ventures as part of the outward foreign direct investment (OFDI) in February 2021.Of the total invested amount [...]
Airattix, a public storage marketplace for both retail and industrial renting, is looking for external investors to raise around USD 1 million (around Rs 7.6 crore) in a pre-series round, a top company official said. Airattix, promoted by Pune-based supply chain firm Imperial Logistics, claims to be the first and the only marketplace for public [...]
