SC asked Supertech to deposit Rs 10 crore for refunding money to investors who wanted to opt out of its Emerald Towers project
The transfer of Finex, a technology patented by Posco, to Mesco Steel is now kept at bay because of the slow down in the steel industry. Both Posco and Mesco have mutually agreed to delay the project till the steel industry revives."The kind of technology they wanted to bring is too expensive and steel industries is not doing well. There is mutually agreement we will not do it for some time till the steel industry gets up", said Rita Singh, chairperson cum managing director of Mesco steel.To facilitate the transfer of Finex technology, both Mesco and Posco had signed a memorandum of agreement ...more
Loss-making European power utilities are turning to India for investment opportunities in renewable energy (RE), drawn by the country's impressive drive in the latter.Engie of France, one of the biggest European power companies, which lost about $40 billion over 2010-16 on its fossil fuel and nuclear holdings, intends to invest $1 billion in Indian solar energy over the next five years, says a report from the US-based Institute for Energy Economics & Financial Analysis (IEEFA). Engie is also exploring opportunities in Indian wind power. In Europe, the growing appeal of RE has pulled down whole...more
Anything absolutely free, without consideration, is out of the ambit of Consumer Protection Act
The next time, govt will want people to stop wearing T-shirts saying this would disrespect the national anthem: SC
DA payable under these orders would be paid in cash to all government employees with the salary for the month of October to be paid in November
Counsel for both sides submitted that they would try to complete their arguments before the high court on Oct 25
Kerala-based Catholic Syrian Bank (CSB) hopes to conclude its equity raising exercise by December.T S Anantharaman, chairman, said the second half of the exercise would be concluded by then. CSB needs Rs 400-600 crore, from current growth projections. Sources say SSG Capital Management, InCred Finance, Aion Capital, JM Financial and Everstone-backed Indo Star Capital are among the investors which have shown interest. CSB's MD & CEO C V R Rajendran, managing director of CSB, would only say that 25-30 investors had shown interest and three-odd rounds of discussion were over.On an initial public ...more
Shares of Indian Energy Exchange (IEX) ended 1.5 per cent lower over its issue price during their stock market debut on Monday. The stock had dropped as much as nine per cent, however, managed to recoup most of the losses. The stock ended at Rs 1,625 compared to initial public offer (IPO) price of Rs 1,650. It hit a low of Rs 1,500 and a high of Rs 1,660 on the National Stock Exchange (NSE), where Rs 540 crore worth of shares got traded. IEX is India's largest power trading exchange. Market players said the stock rebounded from the day's low on the back of buying by overseas investors. Foreign...more
Mahindra Logistics Ltd (MLL), part of diversified Mahindra Group, has fixed a price band of Rs 425 to 429 per share for its initial public offer, according to a regulatory filing.
At the upper end of the price, the share sale would fetch little over Rs 829 crore.
"The price band for the offer has been fixed at Rs 425 to Rs 429 per share of Rs 10 each of MLL with an employee discount of Rs 42 that will be offered to eligible employees," Mahindra & Mahindra said in a regulatory filing.
Last week, Mahindra Logistics had received go-ahead from markets regulator Sebi for the initial share s...more