State-owned Power Finance Corporation (PFC) on Tuesday said its board has approved raising up to Rs 80,000 crore through various financial instruments. An amount of Rs 40,000 crore will be raised through long-term domestic borrowings, and another Rs 20,000 crore by way of long-term foreign currency borrowing, according to a filing. Besides, proposals have been [...]
E-vehicle manufacturer Ola Electric is close to raising funds of around USD 300 million for its expansion plans and to meet other corporate needs, sources close to the company said. The fresh round of fundraising comes amid expectations that Ola Electric would break even soon and achieve profitability. The fundraising would be managed by investment [...]
Tata Motors on Tuesday announced increasing the prices of commercial vehicles by up to 5 per cent from April 1. The price increase comes in the wake of the implementation of the more stringent BS-VI phase II emission norms from next month, it said. The price increase will be applicable across the entire range of [...]
A parliamentary panel has attributed low installation of solar roof-top and wind energy projects as key reasons for the shortfall in achieving India's renewable energy capacity target of 175 GW by 2022. India set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which included 100 GW from solar, [...]
US aircraft maker Boeing has said India may require 31,000 pilots and some 26,000 mechanics over the next 20 years amid the growing order book of the aircraft original equipment manufacturers. Speaking on the sidelines of a CII event here, Boeing India President Salil Gupte also said the South Asian region is expected to remain [...]
Domestic tyre industry is expected to witness double-digit growth next fiscal with the automobile industry back on full swing, JK Tyre Chairman and Managing Director Raghupati Singhania said on Tuesday. JK Tyre, which on Tuesday introduced a tyre brand -- Levitas Ultra -- to cater to the luxury car segment, is also expected to follow [...]
According to the block deal data available with the BSE, private equity firm Warburg Pincus, through its affiliate Berry Creek Investment, sold a 2.49 percent stake in PVR Limited for around Rs 380 crores via a block deal. As per the details available, there was a sale of total of 24,39,301 shares by the affiliate [...]
India's housing sector is witnessing probably the "biggest boom" in the last one and half decade driven by various factors such as affordability and customers aspiration to own homes, HDFC Capital Advisors Managing Director and CEO Vipul Roongta said on Tuesday. Addressing a real estate summit organised by FICCI, he noted that the residential real [...]
Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said it has bagged major orders in the range of Rs 5,000 crore to Rs 7,000 crore for its hydrocarbon business. The scope of work comprises engineering, procurement, construction and installation of offshore structures and upgradation of existing facilities. "The hydrocarbon business...of Larsen & Toubro [...]
Omnichannel travel services firm Thomas Cook India and its group company SOTC Travel on Tuesday partnered with LTIMindtree to launch 'Green Carpet', a global platform that will help companies to monitor and manage their business travel emissions. Markets regulator Sebi has mandated the top 1,000 listed companies in India by market capitalisations to make filings [...]
NTPC Renewable Energy Ltd (NTPC REL), an arm of NTPC Ltd, has signed an agreement with the Indian Army for the implementation of green hydrogen projects in armed forces establishments. Under the MoU (memorandum of understanding) with the Army, a joint identification of potential sites would be undertaken for setting up of green hydrogen projects [...]
India has exploited 29 per cent of its hydropower potential against over 80 per cent and 70 per cent developed by the US and European Union respectively, Parliament was informed on Tuesday. As per the Reassessment Study carried out by the Central Electricity Authority (CEA) during 1978-1987, the assessed hydropower potential in the country is [...]
J Kumar Infraprojects Limited, in a recent filing with the exchange, mentioned about the receipt of a Letter of Acceptance from M/s. Bangalore Metro Rail Corporation Limited in the name of J. Kumar - AICPL (Joint Venture) for the construction of ‘Airport Depot’ for Bangalore Metro Rail Project - Phase - 2B. The total cost [...]
Benchmark Sensex and Nifty rebounded nearly 1 per cent at close on Tuesday amid firm trends in global equities and buying in index major Reliance Industries and banking stocks. The 30-share BSE Sensex climbed 445.73 points or 0.77 per cent to settle at 58,074.68. During the day, it rallied 504.38 points or 0.87 per cent [...]
The board of Sera Investments & Finance India Ltd, a Non-Banking Financial Company (NBFC) has approved the split/ sub-division of its shares in the ratio of 1:5. At 03:12 PM, its shares were locked in an upper circuit at ₹ 299.45 apiece, up 5%. According to an exchange filing by the company, its board has [...]
Shares of UTI AMC jumped 8.18% to reach an intraday high of ₹ 689.30 apiece on the National Stock Exchange (NSE) on Tuesday after PPFAS Mutual Fund bought more than 1.12 million shares of the company via a block deal. According to the bulk and block deals data on the NSE, PPFAS Mutual fund bought [...]
Amplus Solar on Tuesday said it aims to set up 7.5 KPTA-distributed green hydrogen plants in Andhra Pradesh with an estimated investment of Rs 1,500 crore. To materialise its plans, the company has also entered into an agreement with the Andhra Pradesh government to set up various distributed green hydrogen plants in the state, Amplus [...]
Turkish Airlines is looking for cooperation with Air India as the carrier looks to expand in the Indian market, a top executive said on Tuesday. At present, Turkish Airlines is closely cooperating with IndiGo, including a codeshare partnership. Turkish Airlines CEO & Board Member Bilal Eksi pitched for more cooperation with Indian carriers and said [...]
Bank of Baroda promoted IndiaFirst Life Insurance Company (IndiaFirst Life) has received capital markets regulator Sebi's approval to float Initial Public Offering (IPO). The IPO comprises a fresh issue of up to Rs 500 crore along with an offer for sale (OFS) of up to 14,12,99,422 equity shares by the promoters and existing shareholders of [...]
Shares of Sterling & Wilson Renewable Energy Ltd shot up 9.40% on Tuesday’s Early Trades to reach an intraday high of ₹ 327.55 apiece on the National Stock Exchange (NSE) after the company announced that it has bagged an order worth ₹ 2,100 crores. Its shares were trading at ₹ 323.65 apiece, up 8.10% at [...]
