BUSINESS

Bharat Electronics Limited presents Rs. 174.44 crore final dividend Cheque to Raksha Mantri Shri Rajnath Singh

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Bharat Electronics Limited, BEL, presented the 140% final dividend cheque of Rs. 174,43,63,569.20/- (Rupees One Hundred Seventy-four Crores Forty-Three Lacs Sixty-three Thousand Five Hundred Sixty-nine and Twenty Paise only), payable on the shares held by the President of India.  The Cheque was presented to the Raksha Mantri,  Rajnath Singh by the Chairman & Managing Director, BEL, M V Gowtama here … Read more

NTPC Ltd. enters into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion under GREEN initiative

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In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer today entered into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million or Rs. 3,582 crore). JBIC … Read more

GIFT IFSC prescribes framework for listing of Depository Receipts

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The International Financial Services Centres Authority (IFSCA), with an objective to develop the financial products and financial services in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has prescribed the regulatory framework for listing of Depository Receipts (DRs). The framework provides for listing of DRs by companies that are listed in FATF … Read more

Finance Minister Smt. Nirmala Sitharaman leads Indian delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue

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Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD), held here today in virtually through video conferencing. The Indian delegation included representatives from Ministry of Finance, Reserve Bank of India and Securities and Exchange Board of India (SEBI). The UK … Read more

Cochin Shipyard surges on signing MoU with Fincantieri

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Cochin Shipyard is currently trading at Rs. 358.05, up by 7.20 points or 2.05% from its previous closing of Rs. 350.85 on the BSE. The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 358.75 and Rs. 355.00 respectively. The BSE group ‘A’ stock of face value Rs. 10 has … Read more