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Seven Islands Shipping gets Sebi's nod to raise Rs 600 crore through IPO

Seven Islands Shipping gets Sebi’s nod to raise Rs 600 crore through IPO

Image Source : SISHIPPING.COM Seven Islands Shipping gets Sebi’s nod to raise Rs 600 crore through IPO Seaborne logistics firm Seven Islands Shipping has received markets regulator Sebi’s go-ahead to raise Rs 600 crore through an initial share-sale. The public issue comprises a fundraise via fresh issue amounting to Rs 400 crore, and an offer for sale aggregating up to Rs 200 crore, according to…

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Buy rating for Reliance Industries, target price Rs 2,500

Image Source : PTI (FILE) Reliance Industries share price target Rs 2,500 Reliance share price target: JM Financial has reiterated a buy with a target price of Rs 2,500 as Reliance Industries Limited (RIL) is entering a strong free cash flow generation phase with major capex completed and expectation of strong 17-18 per cent EPS CAGR over the next 3-5 years led by Digital and Retail…

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Anil Ambani's debt-laden Reliance Infrastructure sells Santacruz centre to YES Bank

Anil Ambani’s debt-laden Reliance Infrastructure sells Santacruz centre to YES Bank

Image Source : PTI (FILE) Reliance Infrastructure sells Santacruz centre to YES Bank Reliance Infrastructure Limited and YES Bank Limited announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank. The transaction value is Rs 1,200 crore. Entire proceeds from the sale of Reliance Centre, Santacruz is utilized only to repay the debt of YES Bank. Reliance infrastructure limited…

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GST collections at record high of Rs 1.23 lakh crore in March

Image Source : PTI/INDIA TV (FILE) GST collections at record high of Rs 1.23 lakh crore in March GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the Finance Ministry said on Thursday. “GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are…

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PNB extends validity of old cheque of OBC and United Bank of India by 3 months

Image Source : PTI (FILE) PNB extends validity of old cheque of OBC and United Bank of India PNB cheque validity: Punjab National Bank (PNB) has announced to extend the validity of cheque of account holders in Oriental Bank of Commerce (OBC) and United Bank of India. The validity of old cheque book will now end on June 30. Earlier, PNB had said that existing cheque books of Oriental Bank of…

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Indian amateur photographer from Canada captures Whirlpool galaxy with his Canon camera, check details

The graceful, winding arms of the majestic spiral galaxy M51 appear like a grand spiral staircase flowing through space. They are actually long lanes of stars and gas studded with dust. Such striking arms are a hallmark of grand-design spiral galaxies. In a recent development, the Whirlpool galaxy was captured by an amateur photographer Yuvnish Bhardwaj from Squamish, Canada. Yuvnish has shared…

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Reliance Industries secures shareholders, creditors nod to hive off O2C business into separate unit

Image Source : PTI (FILE) Reliance Industries secures shareholders, creditors nod to hive off O2C business into separate unit Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit. As per directions of the National Company Law Tribunal (NCLT), the company…

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IndiGo launches door-to-door baggage transfer service in Delhi, Hyderabad

Image Source : PTI IndiGo launches door-to-door baggage transfer service in Delhi, Hyderabad IndiGo on Friday said it has launched a door-to-door baggage transfer service in Delhi and Hyderabad in which customer luggage gets securely picked and transported from the first to the last destination. In a press release, the airline said it will subsequently launch the facility called ‘6EBagport’, in…

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NIIT buyback price fixed at Rs 240, offer opens on April 12

Image Source : NIIT.COM NIIT share buyback price fixed at Rs 240 NIIT buyback price, NIIT buyback date: NIIT Shares of NIIT Ltd rallied 19.98 per cent or Rs 27.55 to end at Rs 165.45 on Thursday on account of buyback news. NIIT is one of India’s top skills and talent development firms. NIIT said that the buyback price has been fixed at Rs 240 apiece. NIIT buyback offer will open on April 12.…

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SBI outage: Online, App, YONO, UPI services down for maintenance activities

Image Source : ONLINESBI.COM SBI’s digital services hit due to maintenance activities. Digital services of State Bank of India (SBI) have been down for more than two hours. According to the bank’s statement, maintenance work is currently underway and its digital services will be restored by evening. SBI’s mobile banking, online banking, YONO, YONO Lite and UPI services are down. “We request our…

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Wipro buying Australian firm Ampion for Rs 858 crore

Image Source : WIPRO Wipro buying Australian firm Ampion for Rs 858 crore Global software major Wipro on Thursday announced buying Australia-based Ampion for $117 million (Rs 858 crore), as it provides cyber security, Dev Ops (software development and IT operations) and engineering services. “The transaction is expected to be completed during the quarter ending June 30, 2021, subject to…

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Lodha Developers' Rs 2,500 crore IPO to open on April 7

Lodha Developers’ Rs 2,500 crore IPO to open on April 7

Image Source : LODHAGROUP.IN Lodha IPO to open on April 7 Realty major Lodha Developers is likely to hit the capital market on April 7 with a Rs 2,500 crore initial public offer (IPO), as it seeks to raise funds to reduce debt and future growth. Mumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities…

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Tata Consumer Products enters Nifty 50 index, replaces GAIL India

Image Source : TATACONSUMER.COM Tata Consumer Products enters Nifty 50 index, replaces GAIL India Shares of Tata Consumer Products ended 1.21 per cent high or Rs 7.60 at Rs 636.50 on Wednesday as the scrip entered the Nifty 50 index. On BSE, the stock closed at Rs 638.50, higher 1.43 per cent or Rs 9. The Kolkata-headquartered company has replaced GAIL India from the index. Formerly known as…

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Aadhaar-PAN linking last date extended to June 30: Easy steps to link Aadhaar-PAN Online

Last date to link Aadhaar-PAN extended PAN-Aadhaar linking date extended: The last date for linking the Permanent Account Number (PAN) to Aadhaar has been extended to June 30 from March 31. PAN cards will become inoperative after the said date if it is not linked with Aadhaar. This will affect customers as they will not be allowed to carry out transactions wherever quoting of PAN is mandatory.…

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Retail inflation for industrial workers rises to 4.48% in February

Image Source : FILE/PTI Retail inflation for industrial workers rises to 4.48% in February Retail inflation for industrial workers rose to 4.48 per cent in February, due to higher prices of fuel and certain food items. It had stood at 3.15 per cent in the previous month of January. “Year-on-year inflation for the month (February 2021) stood at 4.48 per cent compared to 3.15 per cent for the…

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Sensex tanks over 400 points in early trade; Nifty slips below 14,800

Image Source : PTI Sensex tanks over 400 points in early trade Equity benchmark Sensex tumbled over 400 points in early trade on Wednesday, dragged by losses in index majors HDFC twins, Infosys and ICICI Bank amid a negative trend in global markets. The 30-share BSE index was trading 440.84 points or 0.88 per cent lower at 49,695.74, and the broader NSE Nifty dropped 116.05 points or 0.78 per…

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HDFC's digital banking services face glitch, bank says working to resolve issue

HDFC’s digital banking services face glitch, bank says working to resolve issue

Image Source : FILE PHOTO/PTI HDFC Bank is the largest issuer of credit cards and had 1.49 crore customers as of September 2020. The country’s largest private sector lender HDFC Bank on Tuesday said it is taking steps to resolve glitches in its digital banking platform and restore services on priority. “Some customers are facing intermittent issues accessing our NetBanking/MobileBanking App. We…

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