SimpliContract raises USD 1.8 million in seed funding led by Kalaari Capital
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 […]
FPIs invest Rs 13,424 crore in Indian markets in June so far
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 […]
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 […]
Realty major DLF sale bookings up 24% at Rs 3,084 crore in FY21
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. […]
Mehul Choksi denied bail by Dominica High Court
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 […]
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 […]
Aurangabad needs international airport, convention centre: Niti Aayog CEO
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 […]
India refuses to exempt mainstream media from new IT rules, asks to comply
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 […]
Forex reserves cross USD 600 billion mark for first time
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), […]
India’s agriculture exports increase 17.34% at $41.25 billion in 2020-21
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 […]
PeopleStrong appoints Sitesh Prasad as head of global markets and partnerships in Singapore
NEW DELHI: PeopleStrong, Asia’s leading Enterprise Work and HR Tech company, has appointed Sitesh Prasad as Vice President – Global Markets and Partnerships to join their regional headquarters in Singapore. The appointment comes as a part of PeopleStrong’s continuing effort to invest in growth and reach across emerging markets. In the past two years, Multiples […]
Covid 19 vaccine price:Private hospitals can charge a maximum of Rs 780 for Covishield, Rs 1,410 for Covaxin, and Rs 1,145 for Sputnik V
NEW DELHI: The government of India has set the maximum price private hospitals can charge for the three Covid-19 vaccines currently available in the country — Covishield Rs 780 per dose, Covaxin Rs 1,410 and Sputnik V Rs 1,145. In a letter to all states and union territories on Tuesday, the Health Ministry suggested that […]
Indian Oil Corp to invest Rs 24,000 crore in Gujarat petchem project
NEW DELHI: State-owned Indian Oil Corporation (IOC) on Monday said it has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes […]