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  • Gayatri Projects bags Rs 2,759 cr worth road projects in UP

    20 July, 2018 6:45 AM 22

    Gayatri Projects has bagged two orders worth Rs 2759 crore for development of Purvanchal Expressway project from Uttar Pradesh Expressways Industrial Development Authority. The first order worth Rs 1,483 crore is for development of Purvanchal Expressway project (Package-I) from Chand Sarai (Dist. Lucknow) to Sansara (District Barabanki) in Uttar Pradesh

  • Govt turns down collegium recommendation on chief justice of Delhi High Court

    20 July, 2018 6:08 AM 53

    The government has turned down a recommendation of the Supreme Court collegium to appoint Aniruddha Bose, a judge of the Calcutta High Court, as the chief justice of the Delhi High Court. After keeping the file pending for over five months, the government has told the collegium to reconsider its decision. It said that Bose — who has been a judge

  • Sterlite Technologies rises 10% as Axis Capital maintains buy with target Rs 400

    20 July, 2018 5:35 AM 51

    Revenue growth may accelerate, as company will add 20 m fkm capacity by June 2019, says Axis Capital. Share price of Sterlite Technologies added more than 10 percent intraday Friday as research house Axis Capital has maintained buy rating with price target of Rs 400 per share. The research house is positive on company's unique positioning in fiber ecosystem

  • In India, over 6 victims for every 1,000 lived in modern slavery in 2016: Global Slavery Index 2018

    20 July, 2018 5:01 AM 55

    Findings from the 2018 Global Slavery Index reveal that North Korea has the highest prevalence of modern slavery with the ratio of one in 10 people. In India, the 2018 index estimates that there werearound 8 million people living in modern slavery in the country in 2016. In terms of prevalence there were 6.1 victims for every thousand people. Among

  • Idea lost 25 lakh subscribers in May, most in nine months

    20 July, 2018 4:04 AM 38

    Idea Cellular lost around 25 lakh subscribers in May, the most among all wireless telecom operators in the country, according to data released by the Telecom Regulatory Authority of India (TRAI). This was the company’s biggest drop in subscriber numbers in nine months. The data suggests that the telecom industry added more than 59 lakh subscribers

  • NCLT approves JK Paper's Rs 371 cr bid for Sirpur Paper Mills

    20 July, 2018 2:36 AM 34

    JK Paper said the NCLT has approved its Rs 371 crore bid for debt-ridden Sirpur Paper Mills under the insolvency resolution process. The Hyderabad bench of the National Company Law Tribunal (NCLT) today admitted the resolution plan submitted by JK Paper, the company said in a regulatory filing. "Hyderabad Bench of NCLT has on July 19, 2018, approved

  • Shiv Sena now says it hasn't yet decided on supporting Govt during no-trust vote

    20 July, 2018 2:35 AM 45

    Shiv Sena chief Uddhav Thackeray has asked his party MPs to remain in Delhi, but the final decision as to whether the party will support the Modi government against the Opposition's no-confidence motion will be taken today, a Sena functionary said. Earlier in the day, a whip issued by the Sena had asked all MPs to support the NDA government. "Uddhav-ji

  • Stocks in the news: Wipro, Bajaj Auto, JSW Steel, Hindalco, Alembic Pharma, JK Paper, Fortis

    20 July, 2018 2:24 AM 46

    Wipro | Bajaj Auto | JSW Steel | Hindalco | Alembic Pharma | JK Paper and Fortis are the stocks which are in news today: Bajaj Finserv: Q1 consolidated profit rises 41 percent to Rs 825 crore versus Rs 585 crore; revenue increases 39 percent at Rs 3,943.6 crore versus Rs 2,839 crore (YoY). Hatsun Agro Product: Q1 profit rises to Rs 37.85 crore versus

  • Allahabad Bank gets Rs 1,790 crore as equity capital from government

    19 July, 2018 4:40 PM 39

    Public sector Allahabad Bank on Thursday said the government has approved capital infusion of Rs 1,790 crore through preferential allotment of equity shares in 2018-19. "The bank has received a communication from the government regarding capital infusion of Rs 1,790 crore towards contribution of the central government in the preferential allotment of equity

  • Acquisition not to trigger open offer if cash is less than 25% of total consideration: Sebi

    19 July, 2018 4:22 PM 38

    An acquisition following a scheme of arrangement not involving the target company would be exempt from open offer obligation in case the cash and its equivalent is less than 25 percent of the total consideration paid in the scheme, according to Sebi. Besides, the open offer obligation would also not be triggered if after the implementation of the scheme