(FE) To mark its 25th anniversary of listing as well as to increase the liquidity of its shares, Infosys on Friday announced a bonus issue in the ratio of 1:1 along with its April-June quarter earnings. “The board of directors has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American depositary share for every ADS held, as on a record date to be determined,” the company said. The bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing…
Author: Aruna Sharma
(Tribune) While reviewing the development works for Chamoli and Rudraprayag districts covering five Assembly segments, Chief Minister TS Rawat on Friday gave a go-ahead for revival of a hot spring in Kedarnath and expansion of a helipad in Gairsain. But his announcements left the opposition Congress dissatisfied.“A go-ahead has been given for the expansion helipad in Gairasin -Bhararisain so that ample space was available for landing of four helicopters,” said Madan Kaushik, Uttarakhand government spokesperson and Minister for Department of Urban Development.He said that in order to revive the hot spring in Kedarnath, the Chief Minister has also asked the…
(AU) प्रधानमंत्री नरेंद्र मोदी व यूपी के मुख्यमंत्री आज दो दिवसीय दौरे पर बनारस जा रहे हैं। पीएम मोदी आज दोपहर में करीब एक बजे वाराणसी के बाबतपुर एयरपोर्ट पर उतरेंगे जहां से वो आजमगढ़ चले जाएंगे। वहां से चार बजे के बाद पीएम वाराणसी के कचनार (राजातालाब) की जनसभा में आएंगे। यहां से छह बजे के बाद डीरेका चले जाएंगे। रात्रि विश्राम के बाद पीएम 15 जुलाई की सुबह 10 बजे के बाद मिर्जापुर चले जाएंगे। वहां से एक बजे के बाद बाबतपुर एयरपोर्ट आएंगे। यहां से पीएम कर्नाटक दौरे पर चले जाएंगे। वाराणसी जिला प्रशासन के पास पीएम आगमन…
(TH) NTPC has signed a term loan agreement for Rs 1,500 crore with HDFC Bank. An NTPC statement said, “The loan facility is extended at an interest rate linked to 3-months MCLR of the bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.”
(LiveMint) India’s fuel demand rose 8.7% in June compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 14.9% higher from a year earlier at 2.38 million tonnes. Sales of bitumen, used for making roads, were 28.6% up, while fuel oil use edged lower 2.7% in June.
(TH) The Reserve Bank of India (RBI) has pointed to the fiscal stress that States are facing due to several factors including farm loan waivers, and said higher borrowing by them could crowd out private investment. In a report ‘State Finances: A Study of Budgets of 2017-18 and 2018-19,’ the central bank noted that States’ consolidated gross fiscal deficit (GFD) overshot the budget estimates in 2017-18 due to shortfalls in own tax revenues and higher revenue expenditure.“In recent years, signs of pressures on the fiscal position of States have re-emerged,” the RBI said. While States budgeted a gross fiscal deficit…
(MC) Singapore-headquartered financial services giant DBS will begin commercial banking operations in India in October this year. “We are looking to start the operations in October,” DBS Group CEO Piyush Gupta told .DBS Bank India (DBS India), part of Asia’s leading financial services group DBS Group Holdings, received in-principle approval from the Reserve Bank of India (RBI) in September last year to convert its existing India franchise to a locally incorporated wholly-owned subsidiary (WOS) in India. DBS Bank India will be the latest entrant in India’s rapidly evolving banking space that is seeing many legacy financial institutions struggling with disruptions caused…
(AU) मिशन-2019 के तहत राजग को मजबूत करने की कवायद में बिहार पहुंचे अमित शाह ने कहा कि नीतीश कुमार भाजपा के पुराने सहयोगी हैं। जिसे लार टपकाना हो टपकाते रहिए। नीतीश और हम साथ रहेंगे। भाजपा अध्यक्ष ने भरोसा जताया कि राजग केंद्र में एक बार फिर पूर्ण बहुमत की सरकार बनाएगा। पटना के बापू सभागार में पार्टी कार्यकर्ताओं को संबोधित करते हुए शाह ने कहा कि चंद्रबाबू नायडू अगर राजग का साथ छोड़ गए तो नीतीश जैसे पुराने साथी दोबारा साथ आए हैं। हमारी सरकार ने बिहार को बीमारू प्रदेश की श्रेणी से बाहर निकाला। आगे भी बिहार…
(PTI) Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said. All LPG consumers have to buy fuel at market price. The government, however, subsidises 12 cylinders of 14.2-kg each per households in a year by providing the subsidy amount directly in bank accounts of users. “Subsidy amount (transferred in bank accounts) was Rs. 159.29 per cylinder in May and it was raised to Rs. 204.95 in June and to Rs. 257.74 per cylinder this month,” he said.The higher subsidy was meant to keep…
(AU) 26 जनवरी 2019 गणतंत्र दिवस परेड में अमेरिकी राष्ट्रपति डॉनल्ड ट्रंप भारत के मुख्य अतिथि हो सकते हैं। टाइम्स ऑफ इंडिया ने सूत्रों के हवाले से खबर दी है कि भारत ने अगले साल 2019 गणतंत्र दिवस की परेड में मुख्य अतिथि के तौर पर अमेरिकी राष्ट्रपति डॉनल्ड ट्रंप को शिरकत करने का न्योता दिया है। हालांकि भारत अभी अपने इस न्योते पर अमेरिका की आधिकारिक प्रतिक्रिया का इंतजार कर रहा है। टाइम्स ऑफ इंडिया की रिपोर्ट के मुताबिक भारत ने अमेरिका को यह न्योता अप्रैल माह में भेजा है। बताया जा रहा है कि ट्रंप प्रशासन भारत के न्योते पर…