The government has zeroed in on five merchant bankers, including ICICI Securities, Axis Capital and Citi Group, to manage the Centre’s 29.53% residual stake sale in Hindustan Zinc (HZL) in the open market tranches, sources told FE. The other bankers, which have been selected by the Department of Investment and Public Asset Management (Dipam), are …
The combined market valuation of six of the 10 most valued companies surged by Rs 1,56,247.35 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, …
The Department of Personnel and Training (DoPT) has modified instructions for booking air tickets on the Government account in respect of Leave Travel Concession (LTC). In an Office Memorandum dated October 20, DoPT said it has been receiving a number of representations seeking clarifications on issues relating to the settlement of claims, particularly of those …
Reliance Jio Infocomm Limited announced a partnership with network services and consumer experience company Plume to provide market-leading smart home and small business services to its subscribers across India. “This partnership will deliver state-of-the-art services, through Plume’s highly scalable cloud platform, to approximately 200 million premises in India,” it said in a statement. Jio provides …
Delhivery share price tanked over 9 per cent on Wednesday after the company reported a net loss of Rs 399 crore for the quarter ended June 2022 as against a net loss of Rs 129.6 crore a year back. At the same time, the company’s revenues grew 32.5 per cent on-year to Rs 1,745.7 crore. …