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India’s current account balance recorded a deficit of US$ 23.9 billion (2.8 per cent of GDP) in Q1:2022-23, up from US$ 13.4 billion (1.5 per cent of GDP) in Q4:2021-221 and a surplus of US$ 6.6 billion (0.9 per cent of GDP) a year ago [i.e., Q1:2021-22]. Underlying the current account deficit in Q1:2022-23 was the widening of the merchandise trade deficit to US$ 68.6 […]

SRF has commissioned and capitalized its newly setup dedicated facility to produce 300 MTPA of P38 at Dahej on 29 September 2022 at an aggregate cost of Rs. 58 crore.Powered by Capital Market – Live News

With effect from 29 September 2022

Phoenix Mills has allotted 8921 equity shares under ESOP on 29 September 2022. Consequent upon allotment of the above shares, the paid-up Equity Share Capital of the Company stands increased from Rs 35,71,26,470 consisting of 17,85,63,235 Equity Shares of Rs 2/- each to Rs 35,71,44,312 consisting of 17,85,72,156 Equity Shares of Rs 2/- eachPowered by Capital Market – Live News

Life Insurance Corporation of India has increased its shareholding in Deepak Nitrate from 4.977% to 5.028%. Powered by Capital Market – Live News

Punjab National Bank announced that in compliance with the RBI guidelines, the Board of the Bank has decided to sell its entire stake in Asset Reconstruction Company. The Policy on Investment by banks in ARCs was reviewed by the RBI. Accordingly, it was decided that banks may sponsor only one ARC at any point of time and banks investment in other ARCs should be less […]

Tata Communications has launched a dedicated Private 5G Global Centre of Excellence (CoE) in Pune to accelerate Industry 4.0 applications and capabilities for enterprises. This new CoE is an agile, secure and indoor facility to test and trial industry use cases. Tata Communications has developed use cases across automotive, metals and mining, airports and seaports, manufacturing, logistics and healthcare sectors. The Company will be well […]

Tata Consultancy Services has been ranked among the top three providers in the HFS Top 10 CFO F&A Service Providers 2022 report. Among the 13 service providers assessed in the report, TCS was placed at number 1 for scope of services, number 2 for overall execution, and number 3 for vision and strategy, leveraging emerging technologies, and for size, scale and growth. Powered by Capital […]

Power Finance Corporation announced that Tatiya Andhra Mega Power and Coastal Maharashtra Mega Power, wholly owned subsidiaries of PFC Consulting (wholly owned subsidiary of the company) have been striken off from Register of Companies and the said companies are dissolved. Powered by Capital Market – Live News

Vedanta has been bestowed with the Golden Peacock GLOBAL Award for Excellence in Corporate Governance – 2022 under the Metals and Metallurgy category. Golden Peacock Awards, instituted by the Institute of Directors (IOD) are regarded as a benchmark of Corporate Excellence worldwide. This is the third time the Company is being honored with this prestigious award. Powered by Capital Market – Live News