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BUSINESS

Bharti Infratel extends deadline for merger with Indus Towers

Bharti Infratel has extended the deadline for its merger with Indus Towers by two months to December 24, 2019 while considering regulatory uncertainty looming over the deal. The delay in the deal will also result in a lower payment to Vodafone Idea for its around 11.15% stake. Bharti Infratel is ... Read More »

Olympic Cards closes retail outlet in Chennai

Olympic Cards has closed its retail outlet situated at Chennai, with effect from October 23, 2019. The closure is due to poor performance and to avoid further losses. The amount of turnover during the last financial year at the above retail outlet was Rs 70 lakh and the percentage of ... Read More »

Chalet Hotels grants LoA for execution of new project to L&T

Chalet Hotels has issued Letters of Award (LoA) for execution of works for new project. Larsen & Toubro (L&T) has been awarded a contract for Construction of Civil and Steel Structure works of proposed Hotel Building at Powai worth Rs 47.20 crore and for Construction of Civil and Steel Structure ... Read More »

ITC’s consolidated net profit climbs 37% in Q2

ITC has reported results for second quarter ended September 30, 2019. The company has reported a rise of 36.16% in its net profit at Rs 4,023.10 crore for the quarter under review as compared to Rs 2,954.67 crore for the same quarter in the previous year. Total income of the company ... Read More »

SKOR Eintroduces ‘PAS’, Pheromone Activating Spray

Udaipur : SKORE among India’s leading prophylactic brands from the house of TTK Healthcare Ltd -Protective Devices division, pioneers of condom manufacturing and marketing in the country, launched ‘PAS’, a Pheromone Activating Spray, with Bollywood Actor, Aditya Roy Kapur. PAS, is India’s first of its kind range of pheromone-activated body ... Read More »

Govt relaxes norms for setting up petrol pumps

The Government has relaxed norms for setting up petrol pumps allowing non-oil companies to venture into the business. The move could help private and foreign firms to enter the fuel retailing sector. The Cabinet Committee on Economic Affairs yesterday approved the Review of Guidelines for Granting Authorization to market Transportation ... Read More »

Sovereign Gold Bond Scheme 2019-20 (Series-6) opened

The Sovereign Gold Bond Scheme 2019-20 (Series-6) opened. It will continue till Friday. The issue price of the Bond during this subion period will be three thousand eight hundred and 35 rupees per gram, with the settlement date of 30th of this month. The Centre, in consultation with the Reserve ... Read More »

PVR soars on joining hand with Soch Foods LLP

PVR is currently trading at Rs. 1805.00, up by 34.20 points or 1.93% from its previous closing of Rs. 1770.80 on the BSE. The scrip opened at Rs. 1800.00 and has touched a high and low of Rs. 1854.95 and Rs. 1790.80 respectively. So far 18554 shares were traded on ... Read More »

BEL pays Rs 231.69 crore final dividend to Govt for FY 2018-19

Defence Public Sector Undertaking, Bharat Electronics Limited (BEL) has paid a final dividend 170 per cent amounting to Rs 231.69 crore to the Government for financial year 2018-19. Raksha Mantri Shri Rajnath Singh received the dividend cheque from Chairman & Managing Director of BEL Shri M V Gowtama here today. ... Read More »