Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. This is the first company to file the draft papers with Sebi for floating a maiden public issue in the current financial year (2024-25). The initial public offering … Read more
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore … Read more
Mumbai: Union Bank of India has put on sale nonperforming assets (NPAs) worth ₹1,217 crore and the bank is looking to recover ₹1,012 crore, targeting 80% recovery on the sale of loans. The portfolio on sale comprises 16 accounts, including advances to Gammon India, Supertech Realty, Hotel Horizon, and ACCIL Corp. Prospective buyers have until … Read more
Manipur Chief Minister N. Biren Singh. File The Manipur Cabinet on December 15 approved the establishment of the Manipur State Beverages Corporation Limited (MSBCL), signalling a significant shift in the State’s alcohol policy. The creation of the corporation paves the way for legalising the production, sale, and consumption of alcohol in specific regions of Manipur, marking … Read more
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore … Read more
The price was not revealed to the BBC, but is available on application. When the site first opened it was suggested up to 1,500 jobs would be created, processing up to 300,000 tests a day, but this never happened. Temporary staff employed at the site were let go earlier this year, with the last day … Read more
The State government is relying on the sale of lands and excise for raising its financial resources going by the revenue receipts until the end of August this year. Non-tax revenue at the end of August stood at ₹14,482 crore, a significant jump of over ₹12,600 crore, compared to the receipts by July-end, which were … Read more
Representational image | Photo Credit: Siva Saravanan S The Supreme Court on September 22 is scheduled to pronounce orders on pleas to lift the prohibitions on firecrackers in the national capital. A Bench of Justices A.S. Bopanna and M.M. Sundresh will pass the order. When the court had reserved the case for order, the Bench … Read more
The house of Malathi Devadiga in Sowkur, Kundapura taluk, for which Mescom has denied power connection under Belaku Scheme for BPL families citing a civil suit. | Photo Credit: Special Arrangement Bengaluru The Excise Department (Bengaluru Urban district) has issued a notification withholding sale of Kingfisher beer bottled on July 15 after it was found unsafe for consumption. … Read more
Workers scatter wheat for drying in Amritsar. File | Photo Credit: PTI Even as the Union Food Ministry maintained that its recent decision to reduce the quantity of foodgrains a bidder can purchase under the Open Market Sale Scheme (Domestic) is to curb inflation, several States ruled by Opposition parties have started taking steps to … Read more