In its quarterly update on the resolution process of the conglomerate, the board said debt worth ₹43,000 crore has been resolved, and the number of subsidiaries of the company has been slashed from 347 to 186
Stocks in news: Wipro, Tata Steel, Vodafone Idea, Ashoka Buildcon and more
Stocks in news: Wipro, Tata Steel, Ashoka Buildcon, Vodafone Idea, and more
BusinessToday.In | April 16, 2021 | Updated 09:25 IST
Stocks to watch today: Wipro, Tata Steel, Ashoka Buildcon, Vodafone Idea, IL&FS, Dabur India and more
Indian equity market is likely to open flat today. On Thursday, benchmark indices managed to close higher in a highly volatile session led by gains in banking and metal stocks. After moving 877 points during the session, Sensex ended 259 points higher at 48,803 and Nifty rose 76.65 points to 14,581.45.
Wipro: The firm reported a 27.7 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 2,972.3 crore in Q4. Sequentially, the company s net profit declined 0.8 per cent from Rs 2,997.8 crore in December quarter.
Bajaj Finance mobilises close to Rs 3,500 amid second Covid wave
The non-banking finance company with market capitalisation of Rs 2.84 lakh crore has raised the substantial sum in March alone amid the second Covid wave
Anand Adhikari | April 14, 2021 | Updated 13:34 IST
Bajaj Finance, the consumer finance arm of the Pune-based Bajaj Group, has mobilised close to Rs 3,500 crore from banks, mutual funds and other institutional investors by way of non-convertible debentures.
The non-banking finance company with market capitalisation of Rs 2.84 lakh crore has raised the substantial sum in March alone amid the second Covid wave. The private sector Axis Bank has put in Rs 750 crore followed by mutual funds like HDFC and IDFC. The funds would be utilised for refinancing of earlier high cost loans and also for growth and provisions, if any, for the stress loans.
Apr 13, 2021
Uber could start delivering cannabis once federal regulation allows the company to do so, CEO Dara Khosrowshahi told CNBC on Monday. (Story)
This could be HUGE!
IL&FS receives Rs 693 crore in settlement claims from NHAI
NHAI and the Ministry of Road Transport and Highways (MoRTH) have settled aggregate IL&FS claims of over Rs 1,804 crore across six road projects, including KNCEL and CTNL
BusinessToday.In | April 4, 2021 | Updated 15:31 IST
IL&FS has received Rs 693 crore in settlement claims form the National Highways Authority of India (NHAI) for two road projects. ITNL, subsidiary of IL&FS received a settlement of Rs 673 crore for the Kiratpur Ner Chowk Expressway Limited (KNCEL) and Rs 20 crore for the Chenani Nashri Tunnelway Limited (CTNL) from NHAI. These settlements are part of the NHAI s conciliation process to resolve stuck projects.