Rahul’s Lok Sabha speech: Rajnath accuses LoP of making false charges involving Army chief
New Delhi: Defence Minister Rajnath Singh on Tuesday accused Congress leader Rahul Gandhi of making “false allegations” about the statement of the Army chief on the situation at the India-China border. “The words attributed to the Army Chief by Shri Rahul Gandhi were never spoken by him at any time. It is a matter of […]
Defence equipment maker SMPP, Aditya Infotech among 8 cos to get Sebi nod to float IPOs
New Delhi: As many as eight firms including defence equipment manufacturer SMPP, Aditya Infotech, Brigade Hotel and PVC blend-based building material maker Kumar Arch Tech have received Sebi’s go ahead to raise funds through initial public offerings (IPOs). Other companies that have received Sebi’s approval include Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, and […]
Dabur reduces strategic review cycle to 3 years amidst short-term volatility, FMCG slowdown
New Delhi: Home-grown FMCG major Dabur has lowered the time of its strategic vision cycle from four years to three years aiming to create a more agile organisation amid a slowdown in the FMCG space and volatile geopolitical landscape. It has engaged consulting firm McKinsey & Co to refine and align its strategies for the […]
Silver futures fall Rs 73 to Rs 94,184/kg
New Delhi: Silver prices on Tuesday fell Rs 73 to Rs 94,184 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 73 or 0.08 per cent to Rs 94,184 per kg in a business turnover of 24,405 lots. Analysts said a sell-off by participants at […]
Non-inflationary budget to aid RBI in monetary easing: Finance Secy
New Delhi: The government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and the Monetary Policy Committee of the Reserve Bank has to now decide on interest rate cut to boost growth, Finance Secretary Tuhin Kanta Pandey said on Tuesday. “The fiscal policy and the monetary policy need to work in […]
Power Grid shares drop over 4 pc after December quarter earnings
New Delhi: Shares of Power Grid Corporation of India dropped over 4 per cent on Tuesday after the firm reported a 4 per cent decline in consolidated net profit to Rs 3,861.63 crore for the December 2024 quarter. The stock dropped 4 per cent to Rs 272.30 on the BSE. At the NSE, it tanked […]
Indus Towers to acquire 26 pc stake in Amplus Tungabhadra for Rs 27 cr
New Delhi Indus Towers on Tuesday said it has signed an agreement to acquire 26 per cent stake in renewable energy firm Amplus Tungabhadra for about Rs 27 crore. The telecom infrastructure firm will consume 50 megawatt of renewable energy from the proposed solar PV power plant of Amplus in compliance with regulatory requirements for […]
Emaar India expects Rs 3,400 cr revenue from luxury housing project in Gurugram
New Delhi: Realty firm Emaar India is expecting around Rs 3,400 crore revenue from its newly launched luxury housing project in Gurugram. Emaar India, which is part of Dubai-based Emaar Properties, has recently launched a housing project ‘Urban Ascent’ in Sector 112, Gurugram. Emaar India CEO Kalyan Chakrabarti said the company will develop 816 apartments […]
Tiger Logistics India Q3 PAT at Rs 8.42 cr
New Delhi: Tiger Logistics (India) Ltd on Tuesday reported over twofold rise in consolidated profit after tax at Rs 8.42 crore for December quarter, helped by increased deliveries. It had posted Rs 3.68 crore profit after tax (PAT) for the year-ago quarter, the company said in an exchange filing. Total revenues increased over threefold to […]
OYO to invest 50 mn pounds in UK to expand premium hotel portfolio
New Delhi: Travel tech unicorn OYO on Tuesday said it plans to invest 50 million pounds (Rs 539.57 crore) in the UK over the next three years, primarily to focus on expanding its premium hotel portfolio. The investment is expected to support 1,000 jobs over the next three years in the UK hospitality sector, OYO […]
