Informist, Friday, Mar 24, 2023 --Sources: Maritime board refuses nod to Swan Energy LNG project--Regulator flags inadequate infra at Swan Energy LNG unit By Sunil Raghu AHMEDABAD - Swan Energy Ltd's upcoming 5 mtpa liquefied natural gas facility in Gujarat has been delayed again, this time by at least a year, state government...
Informist, Friday, Mar 24, 2023 By Richard Fargose MUMBAI – Housing Development Finance Corp Ltd has paid an 7.25 bln rupees in advance tax for the quarter ending Mar 31, up from 6.50 bln rupees in the corresponding quarter a year ago, a source told Informist. HDFC had paid 5.70 bln rupees, 12.00...
Informist, Friday, Mar 24, 2023 MUMBAI – The Reserve Bank of India has imposed a monetary penalty of 3 mln rupees on Karur Vysya Bank Ltd for non-compliance with certain provisions of RBI directions of 2016, which deals with classification of frauds and reporting by commercial banks and select financial institutions, it said in a press release...
Informist, Thursday, Mar 23, 2023 --To review QIP plan after Jan-Mar earnings By Richard Fargose MUMBAI - Union Bank of India has put on hold its plans to raise funds through qualified institutional placements in Jan-Mar due to unfavourable market conditions, said a senior bank official. "Earlier, we were aiming to complete it (QIP)...
Informist, Thursday, Mar 23, 2023 --ITC CMD Puri: Will have millet products across food categories in a few months--Rural demand should fare better than urban in summer--Expect income of farmers to improve in summer--Worst of inflation is behind us--Exports a key monitorable due to global market conditions--Exports a key monitorable in...
Informist, Wednesday, Mar 22, 2023 --Berger Paints MD: See gross margin normalise to 37% in Jan-Mar--See FY24 gross margin at 38% --Expect volume growth of 11-12% in FY24--See dealer additions in FY23 at 6,500--Expect to add 8,000 more dealers in FY24--Expect raw material prices to remain benign--Eyeing mkt shr gains, especially in...
Informist, Wednesday, Mar 22, 2023 By Surya Tripathi NEW DELHI – The Delhi Metro Rail Corp has filed a review petition against a Delhi High Court order attaching the metro operator's "Total DMRC funds" in case parties involved in the case fail to pay the arbitration award money to Reliance Infrastructure Ltd, as directed by the...
Informist, Monday, Mar 20, 2023 By Avishek Rakshit KOLKATA – In view of rising demand for quality coal from steel plants, Coal India Ltd plans to finalise a policy on coal washeries by April-end to increase supply of washed coking coal, a senior official told Informist. "We have interacted with the steel plants...
Informist, Monday, Mar 20, 2023 MUMBAI – The Reserve Bank of India has imposed a monetary penalty of 22.73 mln rupees on RBL Bank Ltd for non-compliance with certain guidelines issued by the central bank, it said in a press release today. The fine was imposed after RBI conducted an examination of a...
Informist, Monday, Mar 20, 2023 MUMBAI – The Securities and Exchange Board of India today issued a show-cause notice to chemicals company Seya Industries Ltd and its officials to respond to charges of siphoning off 812.6 mln rupees to promoter group companies and related parties. The company, its promoter and chairman-cum-managing director Ashok Rajani,...
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