Day: July 29, 2022

Mahindra Logistics Q1 Results: Profit soars 4-fold on higher revenue

New Delhi/Mumbai: on Friday reported an over four-fold increase in consolidated profit after tax to Rs 13.64 crore for the first quarter ended June 30 on the back of higher revenue. The company had posted a consolidated net profit of Rs 3.04 crore in the corresponding period last fiscal, Mahindra Logistics Ltd (MLL) said in …

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Zee Entertainment’s merger with Sony Pictures Networks gets NSE & BSE approval

Zee Entertainment on Friday said it has received approval from stock exchanges BSE and NSE for its proposed merger with Sony Pictures Networks India. The proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India) has been approved by Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), said a statement from …

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Over 42 projects of Coal India pending due to statutory clearances

Even as Coal India is ramping up production in line with increasing demand, as many as 42 of its projects are running behind schedule due to delay in statutory clearances and related issues. The state-owned miner completed five coal projects with a sanctioned capacity of 12.60 million tonne (mt) and capital of ₹1,769 crore during …

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Sebi penalises BSE for its subsidiary buying stake in Indus Water without prior approval

Sebi on Friday imposed a penalty of Rs 3 lakh on BSE Ltd for indirectly engaging in works that were unrelated to its activities as a stock exchange without the regulator’s approval. The order came after Sebi examined investments made by BSE Ltd to ascertain whether the firm had engaged in activities which were not …

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FanTiger launches first Music NFT with Punjabi star Sunanda Sharma

New Delhi: FanTiger has launched its debut music NFT with renowned Punjabi singer and actress Sunanda Sharma on its official website. FanTiger claims to be India’s first dedicated music NFT marketplace. With this launch, Sunanda Sharma has become the first female Punjabi singer to enter the NFT space. She has launched her song ‘9-9 Mashukan’ …

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Sebi defers implementation of mutual fund holders nomination rules till Oct 1

Markets regulator Sebi on Friday deferred the implementation of rules pertaining to nomination for mutual fund holders till October 1. The rules, which mandate investors, subscribing to mutual fund units, to submit details of nomination or opting out of nomination, was to come into force August 1. Now, investors, who are subscribing to mutual fund …

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SEA to present Innovation Awards

The Solvent Extractors’ Association (SEA) of India will be presenting its first set of awards ‘Shri Somalal Vyas SEA Innovation Awards 2022’ for innovation and novel approach to product development of oils, fats, and their products derivatives. The awards will be given to students and research scholars, and research scientists/academicians/members of farmers’ organisations at its …

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Process for wheat flour export approval initiated; registration portal operationalised

The ball has been set rolling for wheat flour ( atta) exporters awaiting government approval since July 12, when such approvals were made mandatory, as the Directorate General of Foreign Trade (DGFT) has now operationalised the portal for application, a person tracking the development has said. The inter-ministerial committee (IMC) on wheat is expected to …

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