LIC to open India’s biggest IPO issue by mid-March
New Delhi: The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said. Finance Minister Nirmala Sitharaman had last week reviewed the progress of the initial public offering (IPO) of Life Insurance Corporation (LIC) in a meeting […]
Revolt Motors opens dealership store in Lucknow
Lucknow/ New Delhi: RattanIndia backed Revolt Motors, India’s next gen-mobility company announced the expansion of its retail presence in Uttar Pradesh. The company opened its first store in Lucknow, Uttar Pradesh region and it is the 20th dealership store across the country. Last month Revolt Motors opened three retail stores in Kolkata, Madurai and Coimbatore. […]
Vedanta puts $12 billion price tag on privatisation-bound Bharat Petroleum
NEW DELHI: Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion. “We’re not going to bid aggressively, but we will put the right price,” billionaire chairman Anil Agarwal said in an interview in […]
Over Rs 1.54 trillion income tax refunds issued this fiscal so far
NEW DELHI: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal. This includes 1.20 crore refunds of Assessment Year 2021-22 (fiscal ended March 31, 2021), amounting to Rs 23,406.28 crore. “CBDT issues refunds of over Rs 1,54,302 […]
UK announces launch of free trade agreement negotiations with India
NEW DELHI: The UK government on Thursday announced the launch of free trade agreement (FTA) negotiations with India, describing it as a “golden opportunity” to put British businesses at the “front of the queue” of the Indian economy. British Prime Minister Boris Johnson said an FTA would take the country’s historic partnership with India to […]
POSCO, Adani Group sign pact to set up steel plant in Gujarat
NEW DELHI: Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea’s POSCO to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement, Adani Group said the investment under the MoU is estimated to be […]
Realty firm Kolte-Patil Q3 sales bookings jump 77% to Rs 561 crore
NEW DELHI: Pune-based Kolte-Patil Developers Ltd on Wednesday reported a 77 per cent jump in its sales bookings to Rs 561 crore for the quarter ended December. Its sales bookings stood at Rs 317 crore in the year-ago period. In a statement, the company said its sales bookings rose 83 per cent to Rs 1,238 […]