Seven companies, including lifestyle retail brand FabIndia and specialty chemical company Aether Industries, have received capital markets regulator Sebi's go-ahead to raise funds through initial share sales. Syrma SGS Technology, Asianet Satellite Communications, Sanathan Textiles, Capillary Technologies India and Harsha Engineers International too received the watchdog's nod to float Initial Public Offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi during December 2021 and February 2022, obtained observations during April 27-30, an update with the regulator showed on Monday.
Gehlot made the announcement in the presence of Congress president Mallikarjun Kharge and former party chief Rahul Gandhi at a rally here on the sidelines of the "Bharat Jodo Yatra".
Avenue Supermarts, the operator of DMart retail chain, reported good results for the July-September quarter (Q2FY24) with strong earnings before interest before interest, taxes and depreciation (Ebitda) and profit before tax (PBT) growth, but lower PAT due to higher tax incidence. The operating margin improved, and like-to-like store sales growth was strong. Average bill value also increased though this may be a seasonal effect to some extent. Analysts are assuming this means the slowdown in retail may have bottomed out.
India has received 45 days extension from the UN to ship out those merchandise to alternate ports, according to Commerce Minister Arun Jaitley.
'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'
The total market cap of all the listed companies in the country, however, rose by about Rs 18,00,000 crore during the fiscal, counting close to 100 that got listed during the year.
Uttar Pradesh has the potential to attract investment of about Rs 72,000 crore (Rs 720 billion) by 2020 in the field of electronics system design and manufacturing.
Even as the Shiv Sena-led Maha Vikas Aghadi dispensation is currently facing a survival crisis due to a rebellion by Sena minister Eknath Shinde, the departments -- mostly controlled by ruling allies Nationalist Congress Party and Congress -- have issued government orders for the release of funds for various development-related works worth thousands of crores in the last four days.
The scheme will cost the state exchequer altogether Rs 1,650 crore.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
Total MF investments in debt papers like certificate of deposits, commercial papers and collaterised borrowing and lending obligations stood at around Rs 184,000 crore at the end of February. Industry experts said that by March-end, this corpus had depleted by over 50 per cent. "The industry would have lost around Rs 1 lakh crore as banks and institutions redeemed their investments during the last week of March," said Jaideep Bhattacharya of UTI Asset Management Company.
'Right to apprenticeship means that anyone below the age of 25 years with a diploma or other qualifications can demand an apprenticeship with a private, a public sector company or a government organisation. And when he/she demands this, it is the obligation of the government to provide it.'
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
Hinduja Group firm heavy commercial vehicle maker Ashok Leyland has drawn up a Rs 4,000 crore (Rs 40 billion) capital expenditure plan for building capacity, developing products and upgrading technology, a top official said.
The 14,000 crore (Rs 140 billion) Indian film industry lost a whopping Rs 3,000-4,000 crore (Rs 30-40 billion) in the last fiscal to rampant video and music piracy, a top production house official said.
The transaction is expected to close in the next 30 days and the merger process is expected to be completed in next 9-12 months
As the demand for a grand stimulus gathers steam, the government is targeting an investment of Rs 100,000 crore
GIC entered Indian real estate in 2005, when it did a deal with residential developer XS Real, a Chennai-based developer
Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of fugitive businessman Mehul Choksi to recover dues totalling Rs 5.35 crore. The latest decision has been taken after Choksi failed to pay the fine imposed on him in October 2022 by Sebi in a case pertaining to indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. Choksi, who was the chairman and managing director as well as part of the promoter group of Gitanjali Gems, is the maternal uncle of Nirav Modi, both of whom are facing charges of defrauding state-owned Punjab National Bank (PNB) of more than Rs 14,000 crore.
'He doesn't need to play eye candy or a boy next door. He has found his mark.' 'Brands like him because he understands them and he emotes appropriately for them.'
Rana Gurjit denied the charges saying neither he nor his company - Rana Sugars Limited - has any direct or indirect stakes in sand mining business.
The dealers operating in the space have jumped nearly three times over the past two years.
Modi reviewed the situation in West Bengal and Odisha with chief ministers Mamata Banerjee and Naveen Patnaik, two days after the cyclone, the worst in years, devastated their states.
The CBDT has begun the process of matching the deposits in accounts opened under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), or Jan-Dhan accounts, with the profile of the depositors.
Looking aggressively at the Indian market for expansion, the Vikram Chatwal Hotels, a division of Hampshire Hotels and Resorts, plans to open "Dream brand hotels" in various cities in the country, including Bangalore, Mumbai and New Delhi with a Rs 5,000-crore (Rs 50 billion) investment.
The company obtained its shareholders' approval for its plans in the extraordinary general meeting held on Tuesday. This is the second time the Kishore Biyani-led Pantaloon is using the QIP route to raise money. The first time was three years ago, when the company raised Rs 260 crore (Rs 2.6 billion) by selling shares to institutions in 2006.
The BJP and Congress are the top two beneficiaries of the electoral bonds, followed by the Trinamool Congress.
Amid growing concerns that modernisation of the much-hyped Chennai and Kolkata airports may miss the deadline, their modernisation is all set to cost an additional Rs 1,000 crore (Rs 10 billion) to the state exchequer.
Bharat Petroleum Corporation Ltd on Thursday said it lost Rs 1,200 crore (Rs 12 billion) in the first quarter of the current fiscal due to selling petrol, diesel, LPG and kerosene below cost price.
According to the cash outlays information of the company for the first three months of this year, Satyam spent a total of Rs 1,026 crore (Rs 10.26 billion) on paying salaries and another Rs 342.72 crore (Rs 3.427 billion) in other employee-related segments.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
Following the win, Odisha Chief Minister Naveen Patnaik had announced a cash reward of Rs 1 crore for the team, from which Igor Stimac's wards have "collectively" decided to donate Rs 20 lakh.
It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.
Purnendu Maji and Srinivas Bhogle list IPL 2020's Paisa Vasool Players.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
While Emami is still struggling to push growth, given weak rural demand, the sale of the group's stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters. It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio. The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion.
The ruling Mahayuti alliance in Maharashtra is heavily banking upon a six to 10 per cent shift in voters -- mostly women -- in its favour to return to power with anywhere between 160 and 170 assembly seats, say four MLAs belonging to Eknath Shinde's Shiv Sena.
Driven by ever-expanding workforce and salary levels, the employee expense bill of Indian corporates has grown beyond Rs 1,00,000 crore (Rs 1,000 billion).
This mean that just Rs 10,720 crore of the junked currency did not return to the banking system.
Promising to positively consider several representations of Christians including site for cemetries, Palaniswami, in an apparent reference to his party's alliance with the Bharatiya Janata Party for assembly polls likely in April, said electoral tie-ups were different from ideology.
