The Specified Undertaking of the Unit Trust of India (SUUTI), under the union government, plans to sell 4.65 crore shares representing 1.55 per cent stake in Axis Bank, as per a regulatory filing. With the sale, the government would completely exitThe Specified Undertaking of the Unit Trust of India (SUUTI), under the union government, plans to sell 4.65 crore shares representing 1.55 per cent stake in Axis Bank, as per a regulatory filing. With the sale, the government would completely exit
Tag: business
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Bank Of Maharashtra Raises One-Year MCLR, By 10 Bps
State-owned Bank of Maharashtra on Wednesday said it has increased its marginal cost of funds based lending rate (MCLR) for select tenor loans. The benchmark one-year MCLR, used to price most of consumer loans such as auto, personal and home, hasState-owned Bank of Maharashtra on Wednesday said it has increased its marginal cost of funds based lending rate (MCLR) for select tenor loans. The benchmark one-year MCLR, used to price most of consumer loans such as auto, personal and home, has
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Facebook Parent Meta, Cuts 11,000 Jobs, 13% Of Workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a weekFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week
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TVS Motor, Amazon India Join Hands, To Boost Electric Mobility
Amazon India and TVS Motor Company have joined hands to strengthen electric mobility in the country, the companies said in a joint statement on Wednesday. As part of the collaboration, a fleet of electric two-wheelers and three-wheelers from TVS Motor willAmazon India and TVS Motor Company have joined hands to strengthen electric mobility in the country, the companies said in a joint statement on Wednesday. As part of the collaboration, a fleet of electric two-wheelers and three-wheelers from TVS Motor will
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Keystone Realtors Sets IPO Price Band, At Rs 514-541/Share
Keystone Realtors, which sells properties under the brand ‘Rustomjee’, on Wednesday said it has fixed a price band of Rs 514-541 a share for its Rs 635-crore initial public offering (IPO). The initial share-sale will open for public subscription on NovemberKeystone Realtors, which sells properties under the brand ‘Rustomjee’, on Wednesday said it has fixed a price band of Rs 514-541 a share for its Rs 635-crore initial public offering (IPO). The initial share-sale will open for public subscription on November
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Cochin Shipyard Ltd Bags Rs 1000 Cr, Worth International Export Order
The Cochin Shipyard Ltd has bagged a prestigious international export order with a European client for the construction of Commissioning Service Operation Vessels (‘CSOVs’) for offshore wind farms. The contract is valued at around Rs 1000 crore, with potentialThe Cochin Shipyard Ltd has bagged a prestigious international export order with a European client for the construction of Commissioning Service Operation Vessels (‘CSOVs’) for offshore wind farms. The contract is valued at around Rs 1000 crore, with potential
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Elon Musk Sells USD 3.95 Billion Worth, Of Tesla Stock
Twitter’s new owner and Tesla CEO Elon Musk has sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for USD 44 billion, sold 19.5 million shares of the electric car company from NovemberTwitter’s new owner and Tesla CEO Elon Musk has sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for USD 44 billion, sold 19.5 million shares of the electric car company from November
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Metropolis Healthcare, Q2 PAT Declines To Rs 40 Cr
Diagnostic service provider Metropolis Healthcare on Tuesday reported a consolidated profit after tax of Rs 40.5 crore for the second quarter ended September 30. The company had reported a profit after tax of Rs 58.4 crore in the year-ago period. ItsDiagnostic service provider Metropolis Healthcare on Tuesday reported a consolidated profit after tax of Rs 40.5 crore for the second quarter ended September 30. The company had reported a profit after tax of Rs 58.4 crore in the year-ago period. Its
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Paytm Commerce, Turns Operationally Profitable: Analyst
Financial services firm One97 Communications’ commerce vertical has turned profitable at the operational level, an analyst said after the company’s earning call. One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023. “InFinancial services firm One97 Communications’ commerce vertical has turned profitable at the operational level, an analyst said after the company’s earning call. One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023. “In
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India Indebted To Former PM Manmohan Singh, For Economic Reforms: Gadkari
Union Minister Nitin Gadkari on Tuesday said the country is indebted to former prime minister Manmohan Singh for the economic reforms. India needs a liberal economic policy with the intention to provide its benefits to poor people, Gadkari said while speakingUnion Minister Nitin Gadkari on Tuesday said the country is indebted to former prime minister Manmohan Singh for the economic reforms. India needs a liberal economic policy with the intention to provide its benefits to poor people, Gadkari said while speaking