BUSINESS
ABG Shipyards ex-Chairman Agarwal's questioning over, may be called again
He is likely to be summoned again, a Central Bureau of Investigation (CBI) official told IANS. Emerging out of the CBI headquarters, Agarwal, who was accompanied by his legal team, didn't speak to media and immediately left. "Agarwal responded to our summons. He has joined the probe. Our team is questioning him," the CBI official told IANS. Earlier he was grilled on February 17 by the federal probe agency.
NTPC pays interim dividend of over Rs 3,800 cr for FY22
According to the company, the dividend paid is 40% of the paid-up equity share capital of the company. "This is the 29th consecutive year that NTPC has paid dividends," it said. At present, the total installed capacity of the company is 67,832.30 MW through 23 coal-based, 7 gas-based, 1 hydro, and 19 renewable energy projects. In addition, under JVs, NTPC has 9 coal-based, 4 gas-based, 8 hydro and 5 renewable energy projects.
InterGlobe Aviation shares decline after co-founder Rakesh Gangwal resigns
The shares of the airline settled at Rs 2,079 on Monday, down 1.8 per cent from its previous close. In early trade, it fell as low as 4 per cent, data showed. Through a regulatory filing on Friday after the market hours, the airline said its non-executive, non-independent director and co-founder Rakesh Gangwal has tendered resignation from the company's board with immediate effect.
Tata vs Cyrus: SC agrees to hear review petition by Cyrus Investments in open court
In March last year, a bench headed by then Chief Justice S.A. Bobde said all questions of law are in favour of Tata Group and dismissed the appeals filed by Mistry. The top court also upheld the Tata Sons decision to sack Cyrus Mistry on October 24, 2016. A bench headed by Chief Justice N.V. Ramana and comprising Justices A.S. Bopanna and V. Ramasubramanian considered the review petition filed by Mistry. Justice Ramasubramanian dissented.
ED collects data of Indiabulls clients, company writes to NSE
The Enforcement Directorate (ED), which on Monday conducted raids at the offices of Indiabulls Housing Finance in Mumbai and Delhi in connection with a PMLA case lodged against the company and its promoter Sameer Gehlaut in April 2021, has reportedly recovered a few incriminating documents. The ED also questioned the Indiabulls officials about a few clients. Their data was provided to the ED by the Indiabulls officials.
Strong demand outlook for domestic solar OEMs aided by policy measures: ICRA
As per the ratings agency, the trend has led many domestic OEMs to announce sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, timely commissioning and ramp-up of ongoing capex in the module manufacturing value chain remains critical in the near to medium term.
'India expected to cross $2bn with the two-way trade with Bangladesh
Shringla said the two-way trade in the recent past has witnessed a quantum jump with exports from Bangladesh, for the first time, expected to cross $2 billion this year. In this regard, he said early conclusion of a Comprehensive Economic Cooperation Agreement is vital to enhancing this momentum in trade. He also called for concerted focus on connectivity between the two countries.
Adani Group announces MoU with Ballard for Hydrogen fuel cells in India
The Adani Group announced on Monday that it has signed a non-binding Memorandum of Understanding (MoU) with Ballard Power Systems to evaluate a joint investment case for the commercialisation of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India.
India's organic exports grew 51% over 2019-20: Govt
Despite the pandemic, India's organic exports grew 51 per cent over 2019-20 levels, government officials said on Monday, adding it envisages targeting 10 per cent export share in the global fruits and vegetable market by 2030. About the export potential of organic and horticulture produce in India, Joint Secretary, Agriculture and Farmers Welfare, Priya Ranjan said: "India's organic exports stood at 8,88,180 metric tonnes in 2020-21."
NSE fraud: CBI grills former NSE chief's advisor Subramanian, lands up at SEBI office
A source told IANS that his statements was recorded for three consecutive days at Chennai. "His statement is over. We have asked him not to leave the country. He will be summoned again whenever we will have a need. He was evasive throughout the questioning," the Central Bureau of Investigation (CBI) source said.
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