BUSINESS
After furore, Adani denies move to shift Mumbai airport HQ to Gujarat
"In light of rumours that the Mumbai Airport HQ will be moving to Ahmedabad, we unambiguously state that MIAL and NMIAL airports will remain headquarters in Mumbai," the Adani Group said in a statement. In a major organizational restructuring on July 18, the Adani Group had said it has decided to shift the headquarters of Adani Airport Holdings Ltd.
MG Contractors lowest bidder for construction of 5 bridges for bullet train project
National High Speed Rail Corporation Limited (NHSRCL) spokesperson Sushma Gaur said that it has opened financial bids for construction of five special bridges including one (one) PSC Bridge and erection of four Steel Truss bridges between Vadodara and Ahmedabad for the construction of Mumbai-Ahmedabad High Speed Rail corridor on Tuesday.
Goa to form mining corporation, to auction mining leases: CM
"The Mining Corporation Bill will be passed in the state Assembly in the upcoming session. Once the mining corporation is formed, its rules will be formed on a fast-track basis. Some of the leases in the state will be auctioned through the corporation," Parmod Sawant told reporters.
'Focus on Covid, climate finance to help South Asia's economic recovery'
Gomez Ang said the private sector had an essential role in South Asia's recovery from Covid-19, easing the burden on constrained public finances and reducing rising levels of poverty, due to the pandemic.
Tata Motors board approves raising Rs 500 cr via NCDs
In a regulatory filing, the company said that its duly authorised committee in its meeting on Tuesday approved the issuance of upto 5,000 rated, listed, unsecured, redeemable, Non-Convertible Debentures (NCDs) E30-B Series of face value Rs 10 lakh each. The deemed date of allotment is July 22, 2021 and the redemption date is March 31, 2021.
Dividend windfall may help stretched govt finances as PSUs' financials strengthen
Government sources said that most PSUs are performing well and numbers for the first quarter are indicative of rising revenues and profitability. If this is sustained, the government may get higher income as PSUs dividend this year. Though official sources maintained that no numbers had been worked out as yet, it could be close to double of Rs 30,000 crore garnered from roughly two dozen PSUs in FY21.
Sensex plunges 500 points amid selloff in metal and finance stocks
The across-the-board selloff was led by metal and finance stocks. Around 12.20 p.m., Sensex was trading at 52,040.60, lower by 512.8 points or 0.98 per cent from its previous close of 52,553.40. It opened at 52,432.88 and has touched an intra-day high of 52,465.03 and a low of 52,013.51 points. The Nifty50 on the National Stock Exchange was trading at 15,626.25.
Gold futures rise on global cues, rising concerns of Covid-19 'Delta' variant
Kshitij Purohit of CapitalVia Investment Adviser said: "LBMA Gold spot has resumed slightly gapped higher at $1,817.50, trading with positive momentum after sustaining above the support low of $1,795 in previous session. However, lower US Treasury yields in addition to concerns over the rising number of COVID-19 cases globally and its impact on the global economic recovery capped losses for the yellow metal."
Swiggy raises over Rs 9,357 crore after Zomato's bumper IPO
The food delivery platform said that the fresh investment will further accelerate its multi-year strategy of growing its core food delivery business and building new food and non-food adjacencies in 2021 and beyond, as it expects the total addressable market for convenience to grow to 500 million users in the next decade.
Longest pause in weeks, no change in fuel prices for 3 days
Accordingly, in the national capital, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre. One of the main reasons for pause in fuel price rise is over 10 per cent fall in global oil prices with benchmark crude sliding to $69 a barrel from a high of over $77 barrel just couple of weeks back.
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