Mumbai, May 26 (IANS) The Centre will sell up to a 2 per cent stake in public sector mining giant Coal India Limited (CIL) through an offer for sale (OFS) from May 27 to May 29, the company informed the stock exchanges on Tuesday.The floor price for the offer has been set at Rs 412 per equity share, which represents a 10 per cent discount on Tuesday’s closing price of Rs 455.90 on the National Stock Exchange (NSE).The government has proposed to sell 6.16 crore equity shares, constituting 1 per…
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Mumbai, May 26 (IANS) Union Bank of India on Tuesday approved a plan to raise up to Rs 8,000 crore through a mix of equity and debt instruments to strengthen its capital base and support future business growth.In a regulatory filing to the BSE, the bank said its board of directors, in a meeting held on May 26, 2026, approved the capital-raising proposal.“We wish to inform you that the Board of Directors in its meeting held on May 26, inter-alia, considered and approved: Capital plan of the ban…
Mumbai, May 26 (IANS) Shares of Techno Electric and Engineering Company tumbled nearly 13 per cent during intra-day trade on Tuesday after the company reported a decline in its fourth-quarter profit.The stock fell as much as 12.8 per cent on the BSE to an intra-day low of Rs 1,194 per share.However, it recovered some losses later in the session and was trading 11.8 per cent lower at Rs 1,208.8 apiece at around 1:25 p.m.The decline in the share price came after Techno Electric announced its finan…
Mumbai, May 25 (IANS) Suzlon Energy Limited on Monday reported a 5.74 per cent year-on-year decline in its consolidated net profit for the March quarter (Q4) of FY26.The company posted a consolidated profit of Rs 1,114.35 crore in Q4 FY26 compared with Rs 1,182.22 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.However, on a sequential basis, profit surged nearly 150 per cent from Rs 445.28 crore reported in the December quarter…
New Delhi, May 21 (IANS) Vedanta Limited on Thursday informed stock exchanges that the Supreme Court of India has ruled against its subsidiary Talwandi Sabo Power Limited (TSPL) in a case related to alleged misdeclaration of power availability, resulting in a penalty payout of nearly Rs 127 crore along with applicable late payment surcharge.In a regulatory filing, Vedanta said it had received a disclosure from TSPL regarding a judgment dated May 20, passed by the apex court in appeals filed by P…
New Delhi, May 20 (IANS) State-run Bharat Petroleum Corporation Limited (BPCL) has increased its intake of Russian crude oil to around 41 per cent amid ongoing supply disruptions from the West Asia conflict, a senior company official said on Wednesday.Russian crude now accounts for about 40–41 per cent of total imports, up from 31 per cent in the fourth quarter of FY26 and 25 per cent in the third quarter, said Vetsa Ramakrishna Gupta, Director (Finance), BPCL.Gupta said the company has steppe…
New Delhi, May 19 (IANS) Shares of Adani Group companies surged up to 5 per cent in early trade on Tuesday, with listed entities trading in the green amid improved investor sentiment following recent developments related to a US legal case involving group chairman Gautam Adani and his nephew Sagar Adani.Adani Green Energy emerged as one of the top gainers in the group, rising 5.38 per cent to Rs 1,442 in early trade on the BSE.Meanwhile, Adani Enterprises jumped as much as 3 per cent to touch an…
New Delhi, May 18 (IANS) A leading automobile firm, Maruti Suzuki India, on Monday said it has commenced commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana.According to the automobile company, the second plant has an annual production capacity of 2.5 lakh units, taking the total capacity at the Kharkhoda facility to 5 lakh units per annum.With the latest expansion, Maruti Suzuki’s overall annual production capacity across its manufacturing facilities i…
New Delhi, May 18 (IANS) Bank of India on Monday announced an increase in interest rates on medium- and long-term fixed deposits of less than Rs 3 crore, effective today.According to the state-owned lender, the revised interest rate for fixed deposits with tenures ranging from one year to less than two years has been increased to 6.50 per cent per annum.For deposits with maturities between two years and less than three years, the interest rate has been revised to 6.60 per cent, while three-year …
New Delhi, May 18 (IANS) HDFC Asset Management Company on Monday said it experienced a cybersecurity incident after receiving a communication from an anonymous source claiming access to certain portions of its IT infrastructure, according to an exchange filing.The HDFC Bank-backed firm said the incident occurred on May 16, following which it immediately activated necessary containment and incident response protocols to mitigate potential risks.HDFC AMC said it has engaged a specialist cybersecur…