RIL rights issue payment: 25% on application, 25 in May '21 and remaining 50 in Nov '21

New Delhi (IANS) Reliance Industries Limited (RIL) has announced the payment schedule

for the balance amount of its rights issue which opens on Wednesday.

In a filing with the stock exchanges, RIL said that 25 per cent will be payable…

Sensex slips over 700 points, Nifty below 9,000

Mumbai (IANS) The key Indian equity indices plunged on Monday with the BSE Sensex falling over 700 points. The Nifty50 on the National Stock Exchange (NSE) also fell over 200 points, below the psychological 9,000 mark.

The fall can be attributed…

Consolidation in public sector oil firms back on table

New Delhi (IANS) Government may revive plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing gas transportation and consultancy companies leaving just few large integrated entities in operation.

No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

New Delhi (IANS) In a major relief for businesses, Finance Minister Nirmala Sitharaman on Sunday announced that no fresh insolvency case will be admitted for the next one year in view of the coronavirus pandemic.

The government had earlier…

Govt allows direct listing by Indian companies abroad

New Delhi (IANS) In yet another move towards fuller capital account convertibility, the government has thrown open the doors for Indian public companies to directly list their shares abroad and access a larger pool of capital.

It has also allowed…

General Atlantic to invest Rs 6,598.38 cr in Jio Platforms

New Delhi (IANS) In yet another mega investment into Jio Platforms, Reliance Industries on Sunday announced an investment of Rs 6,598.38 crore by General Atlantic, a leading global growth equity firm.

General Atlantic's investment will…

Lava to shift production from China to India, to invest Rs 800 crore

New Delhi (IANS) In an impetus to Prime Minister Narendra Modis Local ke liye Vocal call, domestic brand Lava on Saturday announced to shift its entire mobile R&D, design and manufacturing for the export market from China to India within next six…

WTO head quits amid crisis of global commerce due to COVID-19

United Nations (IANS) Roberto Azevedo has suddenly announced that he was quitting as the head of the World Trade Organisation (WTO) at a time when global commerce is facing a crisis because of the COVID-19 pandemic and the organisation has come under…

Sebi extends relaxations for brokers, depository participants

Mumbai (IANS) The Securities and Exchanges Board of India (Sebi) on Friday extended some of the relaxations it had provided to stock brokers, clearing members and depository participants regarding compliance norms.

The market regulator has…

Equity indices fall tracking decline in Asian markets

Mumbai (IANS) The Indian equity market opened on a negative note on Thursday, with the BSE Sensex falling over 400 points.

The Nifty50 on the National Stock Exchange also plunged over 100 points to trade below the 9,300 mark.

The decline…