G R Infraprojects Ltd shares opened its trading hour today at Rs 1,037.70 and currently trade at a price of Rs 1,003 which is an upside of around 3 percent to the previous closing price of Rs 972.50. The stock marked an intra-day high of Rs 1,064.40 which is an upside of around 9 percent. [...]
State-owned NTPC on Friday said it has registered the highest-ever power generation of 400 billion units -- a 10.8 per cent year-on-year growth in 2022-23. "NTPC Ltd has registered the highest-ever power generation of 400 BU in FY23, a growth of 10.80 per cent via-a-vis previous year," a statement said. NTPC continues to demonstrate an [...]
The government on Friday raised interest rates on most post office saving schemes by up to 0.7 per cent for the April-June 2023 quarter in line with the firming of interest rates in the economy. While the interest rates for popular PPF and savings deposits have been retained at 7.1 per cent and 4 per [...]
Cash-strapped Pakistan has received a rollover loan of USD 2 billion that matured last week from its "all-weather ally" China, finance minister Ishaq Dar said on Friday, a move that will help Islamabad secure the much-required bailout from the IMF. The rollover is one of the key requirements for Pakistan meeting its external financing needed [...]
Hindustan Aeronautics Limited said on Friday it has registered highest-ever revenue from operations of around Rs 26,500 crore (provisional and unaudited) for 2022-23 as against Rs 24,620 in the previous financial year, an eight per cent growth. HAL CMD, C B Ananthakrishnan said, “Despite the challenges of supply chain disruptions due to geo-political situations, the [...]
Navratna defence PSU Bharat Electronics Limited (BEL) has received export orders worth USD 52 million during this month, the company said on Friday. This includes communication equipment, electronics assembly, micro modules and mechanical parts for various customers from France, Israel, and the USA, among others, the Bengaluru-headquartered company said in a statement. "This is reflective [...]
Production of eight infrastructure sectors recorded an almost flat growth rate of 6 per cent in February as against 5.9 per cent in the same month last year, according to official data released on Friday. The output of core sectors had increased by 8.9 per cent in January 2023. Barring crude oil, all the segments [...]
Procurement of goods and services from government portal GeM has crossed Rs 2 lakh crore this fiscal on account of an increase in buying activities by different ministries and departments. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and [...]
State-owned Power Grid Corporation on Friday said the POWERGRID Rampur Sambhal Transmission project has been commissioned. POWERGRID Rampur Sambhal Transmission Limited (a wholly-owned subsidiary of Power Grid Corporation of India Ltd, secured Intra-State TBCB (tariff based competitive bidding) project of Uttar Pradesh through tariff based competitive bidding has successfully commissioned the project on March 30, [...]
The Foreign Trade Policy (FTP) 2023 has outlined a slew of measures like extending all FTP benefits to e-commerce exports, and doubling the value limit for exports through courier to Rs 10 lakh per consignment, with estimates pegging the potential of growth in e-commerce exports to USD 200-300 billion by 2030. To spur e-commerce exports, [...]
Private lender Bandhan Bank on Friday said it has added 50 more branches to its existing network of around 1350 others across the country. The majority of the new branches opened are in Bihar, Gujarat and Madhya Pradesh, the Kolkata-based bank said in a statement. It said that the spread of the new branches is [...]
The government has extended the date of mandatory fitness testing through a registered Automated Testing Station (ATS) for heavy goods and passenger motor vehicles by 18 months to October 1, 2024. Earlier, the Road Transport and Highways Ministry (MoRTH) had said that fitness testing for heavy goods vehicles and heavy passenger motor vehicles through an [...]
Over 1 crore mobile numbers were seeded in Aadhaar following requests from residents in the month of February, an official statement said on Friday. The linking of mobile numbers with Aadhaar jumped 93 per cent in February from 56.7 lakh registration in January, according to the Unique Identification Authority of India (UIDAI). "Over 10.97 million [...]
The mango crop in the country has been damaged up to 20 per cent because of untimely rains, hailstorm and strong wind, according to senior ICAR officials. Many mango growers said the damage has been huge in North India due to hailstorm and thunderstorm. Mango is an important fruit crop in India and popularly called [...]
NCLT has directed initiating insolvency proceedings against Bengaluru-based real estate firm Mantri Developers admitting the plea filed by Indiabulls Housing Finance Ltd. A two-member bench has also suspended the board of Mantri Developers and appointed Ahsan Ahmad as the interim resolution professional for the company. Indiabulls Housing Finance Ltd (IHFL) had moved the Bengaluru bench [...]
Citigroup CEO Jane Fraser along with top management officials visited the company's Citi Solutions Centre here and held discussions about the landscape of Global Capability Centres (GCC) in the country, the company said on Friday. On her maiden visit to Chennai and to any Citi Solutions Centre in the country, Fraser during her brief visit [...]
Larsen & Toubro Ltd (L&T) stock started its trading session today at Rs 2,156.50 and closed at a price of Rs 2,165.05. The scrip showed a movement of around 0.8 percent as compared to the previous closing price of Rs 2,147.45. Keeping a purview of three years, the stock has been able to provide multibagger [...]
State-owned Coal India Ltd (CIL) on Friday said it has crossed the annual coal production target of 700 million tonne (MT) in 2022-23. As of Thursday, March 30, the company produced 700.4 MT of coal, up 13 per cent over 619.8 MT on the same date a year ago, the miner said in a statement. [...]
Benchmark indices Sensex and Nifty ended the last day of 2022-23 fiscal with nearly 2 per cent jump on Friday in line with firm trends in the global markets and heavy buying in index major Reliance Industries. Fresh foreign fund inflows also added to the positive momentum in the equity market. The 30-share BSE Sensex [...]
Capital markets regulator Sebi on Friday extended the compliance requirement to three years for 'large corporates' to raise at least 25 per cent of their incremental borrowings through debt securities to a contiguous block from two years at present. This comes after the board of Sebi approved a proposal in this regard on Wednesday. Currently, [...]
