Sanctions batter Rusal's overseas supply chain, restructuring seen

Apr 17 2018

Rusal may be forced to divest most of its portfolio of overseas operations if they cannot restructure them to evade US sanctions and ensure a flow of raw materials.

E-vehicles charging stations need no licence, says govt

Apr 16 2018

The power ministry has categorised charging batteries of EVs as a service, a move which will help such stations operate without licence and encourage use of e-vehicles.

Ashok Leyland bags MoD order to supply HMV to carry Smerch Rocket

Apr 13 2018

Ashok Leyland said it has bagged contract from MoD for supplying HMV 10x10 to carry Smerch Rockets, with initial order worth over Rs 100 crore.

TN pollution panel rejects Vedanta's application to run smelter

Apr 10 2018

The Tamil Nadu Polltion Control Board has rejected renewal of consent to operate the Sterlite Copper Smelter unit belonging to Vedanta Ltd, an official statement said.

Namaste Credit raises $3.8mn funding from Nexus Venture Partners

Apr 03 2018

Namaste Credit, a digital marketplace for SME loans, has raised USD 3.8 million (about Rs 24.70 crore) from Nexus Venture Partners.

Companies raise Rs 84,357 crore via IPOs in FY18: Report

Apr 01 2018

Indian companies garnered Rs 84,357 crore through initial share sales in 2017-18, registering a nearly three-fold jump compared to the preceding fiscal, says a report.

SME IPOs continue to catch investors' fancy; raise Rs 2,155 cr in FY18

Apr 01 2018

Small and medium enterprises (SMEs) raised around Rs 2,155 crore through initial public offerings in 2017-18, more than two-fold jump from the previous fiscal.

Indian IPOs see 14% jump to $785 mn in Q1 2018: EY

Mar 28 2018

Indian companies raised USD 785 million, up 14% year-on-year, through 39 IPOs in the first quarter this year, says a report.

Speedy Hire sees full-year profit ahead of expectations

Mar 26 2018

Speedy Hire Plc said its expects full-year adjusted pretax profit to be ahead of expectations and it had reduced its hire fleet as part of a fleet optimisation plan.

Euro zone inflation could take longer to rise: Smets

Mar 12 2018

Euro zone inflation may need more time to rise than anticipated as spare capacity is taking longer to exhaust but the ECB should not accept price growth below its target.

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Stocks In News



Steel Ministry To Announce Scrap Policy This Year

Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs

Steel Secy Arun Sharma Says Policy Will Be Out By December 2018

Scheme Will Come In Effect From April 2020

Mint Reports


Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit

Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval

Economic Times Reports


Lenders To Meet Today To Decide On Essar Steel

CoC May Give Time To Arcelor And Numetal To Rectify Bids

Business Standard Reports


IPO under SEBI scanner

SEBI has sought details of investment made by ICICI Prudential MF

Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr

A large chunk was bought by ICICI MF

ICICI MF is ICICI Securities largest public shareholder with 3.82% stake

Mint Reports


Board approves proposal for corporate restructuring

Move aimed at simplifying & clarifying structure & holdings

To focus on travel, forex, destination mgmt & portfolio investments

Restructuring will consolidate HR services into Quess Corp

Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co

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