With privatisation of Rashtriya Ispat Nigam Ltd (RINL) put on the back burner, the Centre is working on a package for the steel maker that would involve fresh equity infusion, restructuring of bank loans, and setting operational goals for the top management, sources told FE. The privsatiation plan for RINL, also known as Vizag Steel
Silver prices traded above Rs 1,00,000/kg on Wednesday on MCX December futures — the most active contract for the white metal — for the first time ever. The December futures saw a high of Rs 1,00,081/kg and currently at Rs 99,000/kg. In Mumbai’s Jhaveri Bazaar spot market, it was trading at Rs 98,862. In the
The government has imposed anti-dumping duties on imports of five products from China at below normal prices to remove injury to local industry. The products on which the duties have been imposed include Cellophane Transparent Film, Isopropyl Alcohol, Sulphur Black, Thermoplastic Polyurethane and Unframed Glass Mirror. These additional duties will be levied for five years.
Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will to invest Rs 6,300 crore in structured debt instruments of GMR Infra Enterprises. GMR Group will use the funds to refinance external debt of GMR Enterprises (GEPL), the promoter of GMR Airports (earlier called GMR Airports Infrastructure). GEPL’s total debt has increased nearly
In a bid to create a level-playing field for retail traders, Upstox has launched tick-by-tick (TBT) engine to provide real-time insights on order flow, market depth and trade price checker. “We want to play a role in making retail more profitable. That’s the basic drive towards what we’re doing. The big reason why retail traders
Action-packed day for Indian markets tomorrow with Adani Wilmar, ACC, ITC, and Godrej Consumer Products set to release their quarterly results. Also, the HUL stock is likely to be in focus on the back of its quarterly earnings plus the decision to separate the ice cream business. Both the IPOs, Deepak Builders & Engineers and
Triumph had teased an 800cc bike last week on its social media handles. The iconic British motorcycle brand has now unveiled this to be the Tiger Sport 800. The Tiger range was the first to upgrade to the new 800cc platform with the Tiger 800 XC and Tiger 800 XR which made their debuts a
Piramal Pharma Ltd on Wednesday released its fiscal second quarter earnings with profit at Rs 22.59 crore, posting a jump of 350.0 per cent in comparison to Rs 5.02 crore recorded during the corresponding quarter of FY24. It recorded Q2 revenue from operations at Rs 2241.75 crore, up 17.3 per cent as against Rs 1911.38
Investment by the Union government agencies and the central public sector enterprises (CPSEs) fell 10% on year to Rs 4.41 lakh crore in April-November of the current financial year as Railways and National Highways Authority of India (NHAI) were yet to regain the capex pace after election-induced slowdown. Railways and NHAI’s investments are largely funded
Power transmission developer Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The funds for refinancing were raised from the National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL). This is the first
Mumbai-based real estate developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of Rs 4,510 crore, showing 32% YoY growth in Q3FY25. With this, it has achieved pre-sales of Rs 12820 crore in 9mFY25 showing 25% YoY growth. Also ReadJockey India licensee Page Industries appoints Karthik
Reliance Consumer Products (RCPL), the fast-moving consumer goods arm of Reliance Industries, launched Raskik Gluco Energy on Monday, stepping into the hydration category. The foray will see RCPL take on players such as Tata Consumer Products, which has Tata Gluco Plus, and Dabur, which recently launched Dabur GlucoPlus-C priced at Rs 10 for a 160-ml
The SKA Group has launched its ultra-luxury housing project SKA Divine in Wave City, Ghaziabad. The group intends to invest Rs 150 crore in this project and anticipates generating Rs 900 crore in revenue. Located along the Delhi-Meerut Expressway, the development spans approx. 5 acres, featuring 536 premium apartments across 27 floors in 3 towers
