Telecom major Bharti Airtel Ltd has acquired the 4G business of Tikona Digital Networks for Rs1,600 crore, to ramp up its capacity of a high-speed broadband spectrum to take on Vodafone-Idea Cellular and Reliance Jio Infocomm in a highly competitive telecom market which is witnessing rapid consolidation.
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Larsen and Toubro (L&T) has said one of its units has secured orders worth Rs.1,126 crore for metallurgical, material handling and water sector projects.
The Board of Chennai-based non-banking finance company (NBFC) Cholamandalam DBS Finance Ltd (Chola DBS) is planning to raise Rs.100 crore from the International Finance Corporation (IFC) by issuing fresh equity.
The outlays for Khadi & Village Industries Sector (KVI) is expected to increase by around Rs.377 crore compared to 2008-09, said the Minister of State (Independent Charge) for Micro, Small & Medium Enterprises, Dinsha Patel.
Food processing firm Himalya International expects to generate Rs.120 crore revenue by 2014 from its canned soup business, which the company plans to launch in India and overseas markets by January 2011.
Power equipment maker Bharat Heavy Electricals (BHEL) will invest Rs.690 crore to set up a new piping plant at Thirumayam in the state and expand its boiler division in Tiruchirappalli (Tamil Nadu).
Government on Wednesday announced incentives worth Rs 625 crore for exporters of garments, engineering, electronics and agro products even as the country's merchandise exports rose by an impressive 34.8 per cent growth in February at USD 16.09 billion.
The National Highways Authority of India (NHAI) is likely to award Rs.1 lakh crore worth of projects for the construction of about 6,500 km of highways in this fiscal.
With an eye on 2019 Lok Sabha elections the Yogi Aditynath government tabled its second budget for the next fiscal 2018-19 in state assembly on Friday. The budget tabled by the finance minister Rajesh Agarwal in the assembly is the biggest budget in states history with size of Rs 4.28 Lakh crore which is 11.4 percent higher than compared to previous budget.
Share price of SBI Life Insurance Company declined 1.44% or Rs.11.50, quoting price at Rs.788.15-per share, through the mid-session after the company said the largest lender State Bank of India (SBI) will sell up to 3.50-Cr equity shares, in the company through offer for sale (OFS)
The news in connection with the development has brought cheers to the investors and the Union Bank share price ended on the upper circuit on the BSE and NSE today.
During market hours on Thursday, the private lender IndusInd Bank reported a 52.2-pc increase in the consolidated net profit of the Bank at Rs.1400.96-Cr for the September quarter of the FY 2019-20
Shares of UltraTech Cement rose 0.55% to Rs.4318.80-per share after the company yesterday posted its consolidated net profit rose 62.26% to Rs579.10-Cr.
Among result-driven stocks, Axis Bank jumped 1.30-percent after reporting a net loss of Rs112-Cr in Q2 Sept-2019 as compared to the net profit of Rs789.6-crore, year-on-year.