Ruchi Soya aims to raise funds through follow-on public offer route Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore. The FPO is being launched to …
Read More »Sri Lanka Reverts To $400 Million Foreign Currency Swap With Reserve Bank Of India (RBI)
The Sri Lanka-RBI swap deal came under the facilities available to SAARC countries in 2020. Sri Lanka on Friday said that its Central Bank will return to a $ 400 million foreign currency swap with the Reserve Bank of India as part of measures to boost the country’s foreign reserves hit …
Read More »Steel Authority Of India (SAIL) Net Profit Rises 31% To Rs 3,470 Crore In January-March Quarter
SAIL Q4 Results: SAIL’s net profit rose 31 per cent to Rs 3,470 crore in March quarter Steel Authority of India (SAIL) announced its January-March quarter results for the financial year 2020-21 on Friday, June 11, reporting a jump of 31 per cent in net profit to Rs 3,470 crore …
Read More »Indian Renewable Energy Development Agency Invites Bids To Set Up Solar Manufacturing Units
The selection process for the successful bidders is to be completed by July 30 The Indian Renewable Energy Development Agency or IREDA recently invited bids to set up solar manufacturing units, as part of the government’s Rs 4,500-crore production linked incentive (PLI) scheme. According to a press release by the Ministry …
Read More »Income Tax Payee, Among Others, To Be Excluded From Loan Waiver In Assam
Loan Waiver In Assam: For the scheme, a loan taken up to March 31, 2020, will be considered As part of Assam Chief Minister Himanta Biswa Sarma’s loan waiver scheme, income tax payee, persons availing multiple loans, those having four-wheeler, and people with an annual income of more than Rs. 1 …
Read More »What Are The 5 Best Long-Term Investment Options?
For long-term investment, there are different plans to suit different needs of individuals Most investors want to get high returns on their investment as quickly as possible, without the risk of losing the principal amount. So, they continuously look for short-term investment plans that can double their money in a …
Read More »Petrol, Diesel Prices At Record High On Saturday, Petrol Crosses Rs 96 In Delhi. Check Prices Here
Petrol and Diesel Rate today in Delhi, Kolkata, Chennai, Mumbai: Fuel rates were hiked today Petrol, Diesel Price Today: Petrol and diesel prices touched new highs across the four metros on Saturday, June 12, according to Indian Oil Corporation. In Delhi, the petrol prices were hiked by 27 paise from Rs 95.85 per litre to Rs …
Read More »Looking To Invest In Mutual Funds? Here’s How To Do It
Mutual funds are a relatively straightforward form of investment. The 20s are when you learn the concept of earning and saving money. Along with that an important concept to learn is that of investing. Though it may sound intimidating, with a basic understanding of financial planning and learning to manage …
Read More »Finance Minister Nirmala Sitharaman Chairs 44th GST Meet; Check Tax Cut On COVID Essentials, Black Fungus Medicine
GST Council Meeting 2021: Finance Minister chaired the 44th GST Council virtually tomorrow GST Council Meeting 2021: Based on the recommendations of the group of ministers (GoM) – constituted to deliberate on the tax rates of COVID-related essential items, the GST Council today cut tax rates on most supplies and exempted the medicines …
Read More »Demand In Automobile Sector To Recover Despite COVID-19 Second Wave: Report
Fitch expects the demand in auto sector to recover with normalisation of economic activity A less severe economic impact from the pandemic’s second wave and resilient buyer sentiment will support a swift rebound in India’s automotive demand after curbs are eased, according to Fitch Ratings. This should drive double-digit growth …
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