Future Enterprises plans to raise up to Rs 700 crore via logistics arm IPO
Uploading Date : 19-06-2017Kishore Biyani-controlled Future Enterprises is looking to raise about Rs 700 crore by monetising its investment in its logistics arm, Future Supply Chain Solutions, through an initial public offer (IPO)........
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Reliance Industries: Adding more legs to growth
Uploading Date : 17-06-2017With its announcement to ramp up gas production, Reliance Industries (RIL) has finally addressed the issue of declining gas volumes from the Krishna Godavari (KG-D6) fields. Thus, the investment of $6 billion or Rs 40,000 crore in association with British Petroleum (BP) for developing about 3 trillion cubic feet of discovered gas resources in KG-D6 block is expected to benefit the company, albeit in the longer term.........
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Hero MotoCorp to invest Rs 2500 crore in next 2 yrs, crosses 70 mn in sales
Uploading Date : 16-06-2017Hero MotoCorp Ltd, India's leading two-wheeler maker, is planning to invest around Rs 2,500 crore for the next two financial years up to 2018-19. The proposed investment includes products development, digitisation, phase-wise capacity installation and in brown and green field expansion..............
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Small PSU banks rally; Dena Bank, UCO Bank up over 9%
Uploading Date : 15-06-2017Shares of small-sized public sector undertaking (PSU) banks have rallied up to 15% on reports that the government is working on consolidation of banks. Dena Bank and UCO Bank surged 15% and 12%, respectively, on the BSE. Vijaya Bank, Allahabad Bank, IDBI Bank, Indian Overseas Bank, United Bank of India and Syndicate Bank were........
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Reliance Industries rises 3% on gaining 4 million new Jio users
Uploading Date : 14-06-2017Shares of Reliance IndustriesBSE 3.30 % advanced 3 per cent in Wednesday's trade on reports that its subsidiary Reliance Jio Infocomm outran all its peers in April by adding about 4 million new users to reach a consumer base of 112.55 million......
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NECC rallies 10% to hit upper circuit on plans to expand business
Uploading Date : 05-06-2017Shares of North Eastern Carrying Corporation (NECC) were locked in upper circuit on Monday after the logistic firm said it is looking to expand its existing 1.5 mn sqft warehousing capabilities over the next two years across 50 major Indian cities..........
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Note ban, fuel cost drag SpiceJet's Q4 net by 43% to Rs 42 cr
Uploading Date : 05-06-2017The Gurgaon-based carrier had reported a net profit of Rs 73 crore during the January-March quarter of the 2015-16 fiscal. However, for the full fiscal 2016-17, the airline posted a net profit of Rs 430 crore as compared to Rs 407 crore reported in the fiscal year ended March 2016......
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JSW Steel gets nod for Rs 50,000-cr mega steel plant in Odisha
Uploading Date : 03-06-2017Sajjan Jindal-led JSW Steel got the go ahead to set up its 10 million tonne steel project in the state at Paradip at a cost of Rs 50,000 crore. The steel project when fully operational promises to create around 30,000 jobs. Another project by JSW Steel — a slurry pipeline to be built at a cost of Rs 3,700 crore from Joda to Paradip for transporting.......
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