NEW DELHI: Shares in companies controlled by billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, its steepest fall […]
NEW DELHI: All officers of at the level of Under Secretary and above have been asked to attend offices on all working days while persons with disabilities and pregnant women employees would continue to work from home, a Personnel Ministry order issued on Monday said. As regards government servants of the level below Under Secretaries, […]
NEW DELHI: Sterling and Wilson Solar Ltd on Monday announced the appointment of Amit Jain as Global CEO. Indian multinational and global leader in Solar EPC, Sterling and Wilson Solar Ltd has appointed Amit Jain as Global CEO, the company said in a BSE filing. He succeeds Bikesh Ogra, who relinquished the position with effect […]
MUMBAI: Non-banking finance company Shriram Transport Finance (STFC) on Monday said it has raised Rs 1,998.98 crore through its qualified institutional placement (QIP) issue. The issue, which was launched on June 7, 2021, received 6.3 times oversubscription, a company release said. Several foreign institutional investors (FIIs) and domestic institutional investors (DIIs) participated in the QIP […]
NEW DELHI: Overseas investors pumped in a net Rs 13,424 crore so far in June as risk-on sentiment improved with declining COVID-19 cases and hopes of early opening of economy. Depositories data showed that foreign portfolio investors (FPIs) invested Rs 15,520 crore in equities during June 1-11. “The robust net inflows over the last two […]
NEW DELHI: Realty major DLF aims a 30 per cent jump in its sales bookings to Rs 4,000 crore this fiscal, as the company expects a rise in housing demand despite the COVID-19 pandemic. The company will launch various projects, comprising 8 million square feet of saleable area, to tap this growing demand for residential […]
NEW DELHI: Sun Pharma has no immediate plans to enter into vaccine production as getting into the vertical would require an altogether different manufacturing set-up, as per a top company official. The Mumbai-based company, which is strong in various generic therapeutic segments, is eyeing biosimilars to fuel its future growth. I think our preliminary assessment […]
NEW DELHI: BEML Ltd on Saturday said DIPAM and NITI Aayog have agreed to the proposal of incorporation of a wholly-owned arm for demerger of surplus land and asset as part of BEML’s strategic disinvestment process. “Ministry of Defence…conveyed that Department of Investment and Public Asset Management (DIPAM) and NITI Aayog have concurred to the […]
NEW DELHI: Realty major DLF sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic. The company’s sale bookings stood at Rs 2,485 crore in 2019-20, according to an investors’ presentation. […]
NEW DELHI: The Dominica High Court has denied bail to fugitive diamantaire Mehul Choksi in the case of illegal entry into the island country after his mysterious disappearance from neighbouring Antigua and Barbuda where he is staying as a citizen since 2018, local Caribbean media reported. The high court on Friday (local time) gave the […]
NEW DELHI: Former chairman of the bankrupt Infrastructure Leasing and Financial Services (IL&FS) Ravi Parthasarathy has been arrested by the Economic Offences Wing-II, here, following a complaint given by 63 Moons Technologies. “The kingpin and the mastermind of the several crore IL&FS and ITNL (IL&FS Transportation Networks Ltd) financial scam Ravi Parthasarathy has been arrested […]
NEW DELHI: Niti Aayog CEO Amitabh Kant on Saturday said for its overall growth, Maharashtra’s Aurangabad needs an international airport facility and an international convention centre, which will boost tourism and industries in the region. Kant is on a two-day visit to survey the work at Aurangabad Industrial city (AURIC), established under the Delhi Mumbai […]
NEW DELHI: The government of India has refused to exempt the digital news content of mainstream television channels and print media from the ambit of the the IT Rules, 2021 and asked them to take “urgent steps” to comply with the provisions of the digital media rules immediately. The rationale for bringing the websites of […]
NEW DELHI: India’s foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), […]
NEW DELHI: India’s export of agricultural and allied products in 2020-21 grew by 17.34 per cent to USD 41.25 billion, and this growth momentum is expected to be sustained in the current fiscal as well, a top government official said on Thursday. Commerce Secretary Anup Wadhawan said huge growth has been seen in the export […]
