Adani group stocks shed $6 billion despite rejecting reports on investors

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 […]

Officers of Under Secretaries rank and above to attend office from June 16

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, […]

Shriram Transport Finance raises nearly Rs 2,000 crore via QIP

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 […]

DLF targets 30 per cent growth in sales bookings to Rs 4,000 crore during FY22; to launch 8 mn sq ft area

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 […]

No plans to get into vaccine production as it requires separate manufacturing infrastructure: Sun Pharma

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 […]

DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary

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 […]

EOW arrests former IL&FS chairman Ravi Parthasarathy

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 […]

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