Page 450 - Business Finance
Cyclone Fani: IOC ensures uninterrupted fuel supply in Odisha, West Bengal
IOC is continuing to operate its 15 million tonne per annum capacity refinery at Paradip on Odisha coast
 "Cyclone Fani: IOC ensures uninterrupted fuel supply in Odisha, West Bengal")
Change of name of Aspire Horne Finance Corporation (AHFCL)
To Motilal Oswal Horne Finance Limited
Amazon's India summer sale start on Friday midnight
Amazon's Indian arm would start on Friday midnight its annual summer sale with great deals and deep discounts, said the world's leading e-tailer.
Tata Motors gains after declaring sales data
Tata Motors rose 2.12% at Rs 211.55 at 12:18 IST on BSE after the company declared sales volume data for April 2019 after market hours yesterday, 2 May 2019.
Hisar Metal Industries Ltd leads gainers in 'B' group
Uniply Industries Ltd, Inventure Growth & Securities Ltd, 63 Moons Technologies Ltd and Ruchi Soya Industries Ltd are among the other gainers in the BSE's 'B' group today, 03 May 2019.
Tamil Nadu: Open-end spinning mills closed for five days
Open-end spinning mills in the state have been shut down for five says protesting against rising prices of raw materials and the export policy of the government.Speaking about the issues faced by open-end spinning mills, Arul Murali, general secretary of Open End Spinning Mill Association, said: "We procure cotton waste raw materials from all over India - about 5.25 crore spindle, which includes imports from Bangladesh and Vietnam. The biggest issue we are facing is the raw material price hike which has gone from Rs 75 per kg to Rs 94 per kg in two months. Secondly, paper mills also consume some of the raw materials which we use. High consumption is a challenge for our open-end spinning mills.""We are also urging the government not to export raw materials in view of high consumption of these raw materials in our mills. We have requested the central and state ministries to look into it," he added.Talking about the prospective losses the cotton industry could face due to the strike, ...
Midas Touch wins "Disruptive Agency of the Year" award at AgencyCon
Midas Touch, a B2B specialist content and social media marketing agency, has won the Gold award in the "Disruptive Agency of the Year" category at the Indian Agency Awards and Summit.AgencyCon, an initiative by Social Samosa, was dedicated to the unsung heroes of the marketing & advertising world. An eminent jury of veterans of the ad and digital marketing world selected the winners through a rigorous selection process."We are extremely thrilled to be the winner in this category. I must thank Social Samosa for this great initiative. They have created a wonderful platform for agencies to come together, collaborate, and share knowledge. While we were, possibly, the only B2B specialist agency at the event this year, I hope to see many more coming up in the near future," said Radha Giri, CEO, Midas Touch Consultants.As a B2B Social Media Agency, Midas Touch helps B2B companies make a digital impact. Since the early days of online marketing, the company founders have helped ...
'Thomas Cook India inks Strategic Agreement with Sentosa Development Corporation, Singapore.'
On 03 May 2019
Extension in tenure of Brahm Dutt as Part Time Chairman on the Board of Yes Bank
Till 10 January 2022
Reliance Power Ltd leads gainers in 'A' group
Bombay Dyeing & Manufacturing Company Ltd, Gujarat Alkalies & Chemicals Ltd, Reliance Communications Ltd and Century Plyboards (India) Ltd are among the other gainers in the BSE's 'A' group today, 03 May 2019.
GMR Rajahmundry Energy executes resolution plan
GMR Infrastructure Friday announced execution of a bilateral resolution plan between its associate company, GMR Rajahmundry Energy (GREL), and the GREL lenders. According to the resolution plan, which has been approved by all the lenders, existing debt of Rs 2,353 crore has been brought down to a sustainable debt of Rs 1,412 crore. Against this sustainable debt, the GMR Group has already infused Rs 395 crore towards meeting 20 per cent of principal for repayment of the debt and the interest servicing obligations of the GREL for the first year. This leaves balance outstanding sustainable debt of Rs 1,130 crore, carrying a floating rate of 9 per cent per annum repayable over 20 years. The balance debt of Rs 941 crore has been converted into long dated cumulative redeemable preference shares (CRPS) carrying 0.1 per cent, which is repayable from 17th to the 20th year, the company said. The first-of-its-kind resolution plan offers a mutually beneficial resolution for the lenders and the ...
GMR Rajahmundry Energy works out resolution plan
: GMR Infrastructure Ltd. (GIL) Friday said its associate company, GMR Rajahmundry Energy Ltd a debt-laden 768 MW natural gasbased power plant in Andhra Pradesh, has worked out a Resolution Plan which was accepted by all its lenders. According to press release, the existing debt of Rs 2,353 crore of the power producer was brought down to Rs 1,412 crore and the remaining balance outstanding sustainable debt of Rs 1,130 crore will carry a floating rate of 9 per cent per annum repayable over 20 years. Against Rs 1,412 crore debt, the GMR Group has already infused an amount of Rs 395 crore towards meeting 20 per cent of principal towards repayment of the sustainable debt and the interest servicing obligations of GREL for the first year, it said. The balance debt of Rs 941 crore has been converted into Long Dated Cumulative Redeemable Preference Shares (CRPS) carrying 0.1 per cent which is repayable from 17th to the 20th year, GMR said. Grandhi Kiran Kumar, Managing Director
Increase in Authorized Share Capital of Andhra Bank
To Rs 6000 crore.
Godrej Properties purchases R.K. Studios' land in Chembur, Mumbai
For immediate publication
Volumes jump at CARE Ratings Ltd counter
CARE Ratings Ltd witnessed volume of 68810 shares by 10:48 IST on BSE, a 127.83 times surge over two-week average daily volume of 538 shares
Reliance's e-commerce dream to swallow everyone out there (Part 2)
When Paytm Mall started, it took a cue from its investor Alibaba and aimed to become a digital universe for everything.
GMR Rajahmundry Energy executes resolution plan
GMR Infrastructure on Friday announced execution of a bilateral resolution plan between its associate company GMR Rajahmundry Energy Ltd (GREL) and the lenders."The resolution plan has been approved by 100 per cent of lenders. The existing debt of Rs 2,353 crore has been brought down to a sustainable debt of Rs 1,412 crore," GMR Infrastructure said in a statement.Against above sustainable debt of Rs 1,412 crore, GMR Group has already infused Rs 395 crore towards meeting 20 per cent of principal towards repayment of the sustainable debt and interest servicing obligations of GREL for the first year.This leaves balance outstanding sustainable debt of Rs 1,130 crore carrying a floating rate of 9 per cent per annum repayable over 20 years. The balance debt of Rs 941 crore has been converted into long dated cumulative redeemable preference shares carrying 0.1 per cent which is repayable from 17th to the 20th year."The first-of-its-kind resolution plan offers a mutually beneficial resolution
Foods & Inns allot Bonus Shares
Of Re 1/- each