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Tags : "industries"

Eye on migrant employment, UP to give sops to industries

The existing industrial investment policy of the state provides for the GST reimbursements for 10 years only. Synopsis Under the ‘Post Covid-19 Accelerated Investment Promotion Policy for Backward Regions’, industrial undertakings will be eligible for 70% reimbursement of net SGST for 12 years in Madhyanchal or central UP subject to 200% of capital investment made […]Read More

NSE-BSE bulk deals: L&T Finance laps up Ballarpur Industries –

Mumbai: Among the key bulk deals on Wednesday, L&T Finance purchased shares of Avantha group company Ballarpur Industries from Vistra ITCL India. Companies such as Indiabulls Housing Finance, Reliance Industrial Infrastructure and Ujjivan Financial Services also witnessed bulk deals during the day. Of the frontline indices, Sensex rose 0.05 per cent or 18.75 points to […]Read More

PI Industries launches QIP to raise Rs 2,000 crore

Agri-sciences company PI Industries has launched a qualified institutional placement or QIP to raise up to Rs 2,000 crore through share sale to institutional investors, bankers said. The QIP has been launched at an indicative price of Rs 1534 per share, about 2% discount to the last closing price of Rs 1562 on July 2, […]Read More

Upside looks limited for Balkrishna Industries on slowing demand trend

The stock of off-highway tyre maker Balkrishna Industries has gained 77% in the past three months, outperforming the 45% return of the S&P BSE Auto index. While investors have rewarded the company for its resilient volume growth in challenging times, its current valuation looks stretched. In addition, given the slower expected volume growth for the […]Read More

NSE-BSE bulk deals: Smallcap World Fund sells Aarti Industries

Mumbai: Among key bulk deals on Monday, Smallcap World Fund sold shares of Aarti Industries. Companies such as NCC, Indiabulls Housing Finance, and Ujiivan Financial Services also witnessed bulk deals during the day. Benchmark Sensex dropped 1.63 per cent, or 552.09 points to close at 33,228.80, while peer Nifty shed 1.60 per cent or 159.20 […]Read More

Bulk deals: Plutus Wealth Management laps up IFB Industries

Mumbai: Among the key bulk deals on Monday, Plutus Wealth Management bought shares of IFB Industries, while HDFC Capital Builder Fund sold 14,35,511 shares of SH Kelkar & Co. Benchmark 30-share Sensex rose 2.71 per cent or 879 points to 33,304 points , while peer 50-share Nifty gained 2.57 per cent or 246 points to […]Read More

14.75 lakh migrant workers register as UP govt plans to

LUCKNOW: With 25 lakh people returning to Uttar Pradesh during the coronavirus lockdown, Chief Minister Yogi Adityanath on Tuesday directed officials to complete the skill-mapping of migrant labourers in 15 days and get a survey conducted to employ them in MSMEs and industrial units, officials said. In the first phase of skill mapping, more than […]Read More

Karnataka allows factories to extend working hours

Bengaluru: Amid the COVID-19 lockdown, the Karnataka government on Friday issued a notification allowing factories to extend working hours up to 10 hours a day and 60 hours a week till August 21. The extension of work hours is from the current eight hours a day and 48 hours a week. “In exercise of powers […]Read More

Govt Incentives to help MSMEs, says Dye Chem Industries chief

Mumbai: The government’s incentives for the medium and small scale industries will be considerably helpful in helping them out of the Covid-19 crisis, said an industry executive. But specific sectors need more handholding and customised measures to turn around in the next six to nine months. “We have faced losses. Exports have dried up. We […]Read More

Will Reliance Industries’ dollar liquidity make the rupee stable?

Mumbai: The rupee owes a lot to India’s biggest company, Reliance Industries, for its recent buoyancy. As record funds are set flow into the company that is deleveraging its books, the rupee is set to climb further in the short run. Plus, global liquidity of the dollar should help. Currency traders expect the rupee to […]Read More