Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the iconic 250-acre Hiranandani Gardens township in suburban Powai. Led by...
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RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

Almost Rs 12,000 crore, or 80 percent, of online wallet transactions in the country are at risk of going back to cash, as online wallet players fear losing customers because of the Reserve Bank of India’s KYC rule. An RBI...
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Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s PAT in the corresponding...
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Direct tax collection grows 17.5% to Rs 2.24 lakh crore in April-August

Direct tax collection grows 17.5% to Rs 2.24 lakh crore in April-August

New Delhi Direct Tax collections in the first five months of the current fiscal grew 17.5% to Rs 2.24 lakh crore, mainly on account of income tax mop-up from individuals. This is 22.9% of the total budget estimates of direct taxes,...
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EPFO has received Aadhaar details of 1.8 crore members: Official

EPFO has received Aadhaar details of 1.8 crore members: Official

As many as 1.8 crore of the more than 4.5 crore members have submitted their Aadhaar details to the Employees’ Provident Fund Organisation (EPFO) so far. “We have got 1.8 crore Aadhaar cards in our system. We have verified cards...
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Federal Bank Launches Rs. 2,000 Crore Share Sale To Institutions

Federal Bank Launches Rs. 2,000 Crore Share Sale To Institutions

Mumbai: Private sector lender Federal Bank Ltd has launched a share sale to raise Rs. 2,000 crore, with an option to increase the amount by Rs. 500 crore, according to a deal term sheet. Federal Bank said in a regulatory...
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