Nalco to invest Rs 30,000 crore in Odisha
Aluminium major National Aluminium Company Ltd (Nalco) said it will invest Rs 30,000 crore in Odisha, which has unveiled a new industrial policy aimed at attracting investments worth Rs 1,73,000 crore.
Sep 08, 2015, 17:05 PM IST
LIC Housing Finance to raise up to Rs 47,000 crore
LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.
Sep 07, 2015, 20:47 PM IST
OROP payout unlikely to scuttle fiscal deficit target: Nomura
Financial services major Nomura Monday said though the implementation of 'One Rank, One Pension (OROP)' is going to put fiscal burden to the tune of around Rs 10,000 crore, the government is unlikely to miss the fiscal deficit target this year.
Sep 07, 2015, 18:51 PM IST
Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug
The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.
Sep 07, 2015, 18:04 PM IST
OROP to cost Rs 16,000 crore in FY16; to impact fiscal math: HSBC
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore in the current financial year, says an HSBC report.
Sep 07, 2015, 17:11 PM IST
FPIs dump shares worth Rs 4,000-cr in just 4 trading sessions
Foreign investors have pulled out nearly Rs 4,000 crore from the stock markets in the last four trading sessions amid weak GDP numbers and lacklustre global cues.
Sep 06, 2015, 20:09 PM IST
DLF gets shareholders nod to raise up to Rs 7,500 crore
Realty major DLF Tuesday said its shareholders have approved the resolution to create charge, lien or pledge on its over 50 percent shares in three subsidiaries, holding rental commercial assets, for raising up to Rs 7,500 crore.
Sep 01, 2015, 22:50 PM IST
Power Grid to seek shareholders nod to raise Rs 14,000 crore
State-owned utility Power Grid Wednesday said it will seek shareholders' approval next month to raise up to Rs 14,000 crore from domestic and external sources during the fiscal 2016-17.
Aug 26, 2015, 18:35 PM IST
Govt to infuse Rs 1,140 cr capital into Allahabad, Corp Bank
State-run Corporation Bank Monday said its board has approved capital infusion of Rs 857 crore by the government.
Aug 24, 2015, 22:51 PM IST
Adani Enterprises to invest Rs 25,000 crore in Chhattisgarh
Adani Enterprises, the flagship firm of Adani Group, has inked a pact with the Chhattisgarh government to invest over Rs 25,000 crore for setting up urea and power project as well as rice bran oil extraction plant in the state.
Aug 24, 2015, 19:21 PM IST
FPIs take out Rs 800 crore from market in a fortnight
Spooked by a possible derailment of key economic reforms, foreign investors have pulled out over Rs 800 crore from the Indian capital market in the last fortnight.
Aug 16, 2015, 21:18 PM IST
Govt announces Rs 300 crore relief package to farmers
The government Wednesday announced a relief package of Rs 300 crore to provide diesel and seed subsidy, among others, in order to save standing kharif crops in the eventuality of drought and deficit rainfall.
Aug 12, 2015, 23:24 PM IST
Adani Group firms get nod to raise up to Rs 26,000 crore
Three Adani Group firms -- Adani Power, Adani Enterprises and APSEZ -- have received approval of shareholders to raise up to Rs 26,000 crore to expand business operations and manage capital expenditure.
Aug 12, 2015, 22:49 PM IST
Maggi row: Claims from Nestle India can go beyond Rs 640 cr, says Govt
Government's claim from Nestle for selling "defective and hazardous" Maggi noodles may exceed Rs 640 crore as it is tabulating further damages to be sought, even as the company termed the class action suit as disappointing and an unprecedented step.
Aug 12, 2015, 22:29 PM IST
Fake currency with Rs 136.43 cr face value seized in 3 years
More than 27.31 lakh pieces of Fake Indian Currency Notes (FICN), with face value of Rs 136.43 crore, were seized in three years through 2014, Parliament was informed Tuesday.
Aug 04, 2015, 17:04 PM IST
ITC Q1 net up 3.61% at Rs 2,265.44 crore
ITC Ltd Thursday posted 3.61 percent rise in net profit at Rs 2,265.44 crore for the first quarter ended June 30, as compared to Rs 2,186.39 crore during the same period of 2014-15 fiscal.
Jul 30, 2015, 13:10 PM IST
Eicher Motors Q2 net profit rises 41% to Rs 222 crore
Eicher Motors Tuesday reported 40.89 percent rise in its consolidated net profit at Rs 221.83 crore for the second quarter ended June, 2015.
Jul 21, 2015, 21:30 PM IST
Fairfax India to buy 74% stake in NCMSL for Rs 800 crore
Fairfax India Holdings Corporation Monday announced that it has agreed to acquire approximately 74 per cent in commodities storage and services firm National Collateral Management Services (NCMSL), through its wholly-owned subsidiary FIH Mauritius Investments, for about Rs 800 crore.
Jul 20, 2015, 23:05 PM IST
NIIT Q1 net profit up at Rs 15 crore
Skills and talent development firm NIIT Friday posted big growth in net profit to Rs 15 crore for the quarter ended June 15, 2015 on back of strong growth in its corporate learning segment and transformation of skills and careers business.
Jul 17, 2015, 17:17 PM IST
Axis Bank's mobile transactions double in June
Third-largest private sector lender Axis Bank Tuesday reported doubling of its number of mobile transactions for June, with the total value touching the Rs 2,400 crore mark.
Jul 08, 2015, 00:49 AM IST
