Discoms’ Dues to Power Producers Rise 28% in September
Power generation firms’ outstanding dues owed by distribution companies (discoms) rose 28 per cent on year-on-year (YoY) basis to Rs 1,38,479 crore in September, 2020.Discoms owed a total...
Author : Amrita Chakravorty
Government to Sell 15% Stake in IRCON International Ltd.
The government is planning for selling up to 15 per cent of its stake IRCON International Ltd., formerly Indian Railway Construction Ltd. through offer-for-sale (OFS) of...
REC Net Profit Jumps To Rs 2,197 Cr in Sep Quarter
New Delhi State-owned firm REC Ltd. on Friday posted an over 66 per cent jump in its consolidated Net Profit to Rs 2,197.14 crores for the September...
ITC Q2 Net Profit Drops 19.65% to Rs 3,232.40 Cr
India’s largest cigarette maker, ITC Ltd. on Friday reported a drop of 19.65 per cent September quarter profit of Rs 3,232.40 crore on a year-on-year (YoY) basis...
ICICI Prudential Raises Rs 1,200 Crore via NCD Sale
On Friday, India’s leading private sector life insurer ICICI Prudential Life Insurance Company said that it has raised Rs 1,200 crore of debt capital through...
Ashok Leyland Reported Loss of Rs 147 Crore in Q2FY21
Hinduja Group-owned Ashok Leyland Ltd. on Friday reported a loss of Rs 147 crore for the quarter ended on September 30, against a profit of Rs...
Indian Overseas Bank Reported Q2 Net Profit of Rs 148 Crore
On Friday, State-owned Indian Overseas Bank posted a net profit of Rs 148 crore for the quarter ended on 30 September, 2020, as bad loans and provisions...
ISRO to Launch 10 Satellites Including E0S01 and Nine Others
Indian Space Research Organisation (ISRO) on Saturday will launch an earth observation satellite for civilian and strategic purposes, the first since the Covid-19 pandemic halted operations...
Toyota-Backed Pony.ai Raises $ 267Mn in New Funding Round
Toyota Motor Corp-backed Pony.ai on Friday said that it has raised $267 million in the initial phase of its last funding round valuing the startup at...
Amazon Web Services to Invest $2.77 Billion in Telangana
KT Rama Rao, Telangana Minister for IT and Industries on Friday said that Amazon Web Services (AWS) will be investing $2.77 billion (around Rs 20,761 crore) for...