Muthoot Microfin, which recently received markets regulator Sebi's approval for its initial public offering (IPO), plans to raise Rs 1,000 crore from share sale.
Dry cell battery major Eveready is focusing on the lighting and appliances business to drive its growth and expects the two segments to contribute almost half in its turnover in the next 4-5 years, a senior company executive has said.
Giving relief to domestic medical device makers, the government has asked the procurement agencies to follow the Bureau of Indian Standards (BIS) for procuring such devices and not to mandate the USFDA/CE certifications where the norms laid down by the national standard body exist.
Cooperative Nafed will offload 200 tonnes of onion daily from Monday onwards in the national capital from the government's buffer stock in a bid to arrest price rise, its managing director Sanjeev K Chadha said.
ONGC bought Gujarat State Petroleum Corp's (GSPC) stake in a KG basin gas block for USD 1.2 billion (about Rs 8,000 crore) when the replacement value of brand new assets built by the company is at least USD 1.5 billion and the asking price was Rs 20,000 crore, its former chairman D K Sarraf said.
Policybazaar.com has set a target to sell 11 lakh policies during the current financial year due to the increased awareness about the online medium and change in consumer behaviour, a top official said.
Sajjan Jindal-led JSW Steel has said it will consider raising additional long-term resources, including issuance of equity shares or other securities, through a rights issue at its board meet next week.
NTPC Ltd, India's largest power producer, plans to start biomass co-firing across all its coal-based thermal power stations in a bid to reduce greenhouse gas emissions and cut pollution, official sources said.
In Delhi, petrol now costs Rs 81.74 a litre and diesel is priced at Rs 75.19 per litre. In Mumbai, petrol is sold for Rs 87.21 per litre and diesel at Rs 78.82.