Axis Securities has appointed Pranav Haridasan as its new managing director & chief executive for a three-year tenure, following the incumbent B Gopkumar moving to head Axis AMC. Haridasan is currently managing director and co-head of equities at Axis Capital and has over 20 years of experience in financial markets across different asset classes. Before [...]
Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year. The company has fixed April 7 as record date for the purpose of dividend payment. "The Board of Directors at a meeting held on Tuesday, March 28, 2023 approved the fifth interim dividend of [...]
City-based public sector lender UCO Bank on Tuesday said it hopes to achieve a net profit of Rs 1,500 crore this fiscal year. MD & CEO of UCO Bank S S Prasad said the bank had also doubled market capitalisation in less than a year from Rs 13,000 crore to Rs 28,000 crore thereby increasing [...]
Sanjay Chamria, a former official of Poonawalla Fincorp Ltd, has settled with markets regulator Sebi a case pertaining to alleged manipulative trade practice after paying Rs 42.2 lakh towards settlement charge. Chamria, who was the executive vice chairman of Poonawalla Fincorp Ltd (PFL), proposed to settle the pending proceedings, "without admitting or denying the findings" [...]
The wheat export ban will continue as long as India does not feel comfortable in domestic supplies, Food Corporation of India chief Ashok K Meena on Tuesday. Wheat production will not be affected due to recent rains, confident of achieving the output target, he added. Wheat procurement has started across the country, and 10,727 tonnes [...]
Leading leather footwear supplier Mirza International had received the National Company Law Tribunal’s approval for the merger of promoter group-owned entity RTS Fashions Pvt. Ltd. into the company and the demerger of branded business into Redtape Ltd. The ex-date and record date for the same is 29 March 2023. The company in an exchange filing [...]
Shares of all the ten listed firms of the Adani group ended lower for the second day in a row on Tuesday, with Adani Enterprises tumbling 7 per cent. The stock of Adani Enterprises tanked 7.06 per cent, the most among the group firms on BSE. Shares of Adani Ports slumped 5.66 per cent, Adani [...]
Jindal Stainless Ltd (JSL) will invest around Rs 1,300 crore to set up a greenfield nickel pig iron (NPI) smelter facility in Indonesia to enhance its raw material security, the company's MD Abhyuday Jindal said. JSL is the first Indian company to own nickel reserves in any offshore market, he said, adding that the company [...]
The issue of implementation of OBC reservation in all-India quota seats of state agricultural universities is under examination, Union Agriculture Minister Narendra Singh Tomar said on Tuesday. In a written reply to Lok Sabha, Tomar said: "The issue of implementation of OBC reservation in All India Quota (AIQ) Seats of State Agricultural Universities is under [...]
The Jammu and Kashmir administration is all set to launch a technology-driven agriculture apex monitoring dashboard (AAMD) that will offer a one-stop solution to farmers and agri-startups for registration, monitoring and funding of various projects. A roadmap for the AAM dashboard in J&K is aimed at governing the 29 projects that were approved by the [...]
JSW Energy on Tuesday said its subsidiary has agreed to acquire entire equity of 12 special purpose vehicles of Mytrah Energy (India) Pvt Ltd (MEIPL). In August 2022, JSW Neo Energy Ltd (JSWNEL) had agreed to acquire a portfolio of 1,753 MW of renewable energy generation capacity from MEIPL comprising 17 SPVs and 1 Ancillary [...]
The 6.5 km Z-Morh tunnel on the Srinagar-Leh highway will be inaugurated next month while work on Asia's longest tunnel at Zojila is likely to be completed in 2024, Union Minister Nitin Gadkari said on Tuesday. Addressing Assocham's Annual Day 2023, Gadkari further said that his ministry is also building 9 tunnels between Jammu and [...]
Union Home Minister Amit Shah on Tuesday said Jammu and Kashmir's policies and law and order situation are worthy of making investment and asked industrialists to pay attention to it. Addressing an event organised by industry-body Assocham here, he said right policies of Prime Minister Narendra Modi have taken the country forward on the path [...]
State-owned NBCC has signed an MoU to cooperate in the construction of 1,00,000 housing units in Zambia. NBCC, the Navratna CPSE of the Government of India, signed the MOU for cooperation with Scirocco Enterprises Ltd of Zambia for the construction of 1 lakh low and medium-cost houses to mitigate an acute shortage of housing in [...]
Hinduja Group flagship Ashok Leyland has inaugurated its new light commercial vehicle retail outlet in Tamil Nadu under its move towards strengthening presence, the company said on Tuesday. The company inaugurated its 11th light commercial vehicle dealership at Thiruparankundram Main Road, Pasumalai in Madurai on Tuesday offering sales, service and spares facility to customers. "...this [...]
The government on Tuesday extended the deadline for linking PAN and Aadhaar by three months to June 30, 2023, to provide some more time to taxpayers, an official statement said. The earlier deadline was ending on March 31. Persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions, it added. [...]
The government on Tuesday said it is too early to predict any damage to the wheat crop due to heat stress in February. In a written reply to Lok Sabha, Union Agriculture Minister Narendra Singh Tomar said, "In the month of February 2023, though the maximum temperature was hovering around 32-33°C in most of the [...]
Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on Tuesday as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72 as 19 of its stocks [...]
India and China will contribute to half of the world's growth this year, China's top think tank said on Tuesday, highlighting that Asia will remain a crucial growth engine with an estimated 4.5 per cent GDP expansion, making it a "standout performer" amidst the global economic slowdown. The Boao Forum for Asia (BFA), Beijing’s prominent [...]
Life Insurance Corporation of India (LIC) stock opened its trading session today at Rs 546 and currently trades at Rs 538. It has a market capitalization of 3,44,838 crores. The stock marked its 52-week low figures today at a price of Rs 535. The scrip has lost around 7 percent in the past month and [...]
