BUSINESS
L&T arm to build 2 units of Kudankulam Nuclear Power Project
In a regulatory filing, L&T said that the scope of work includes construction of the reactor building, reactor auxiliary building, turbine building, diesel generator building and other safety related structures in a duration of 64 months.
HP Inc appoints Marie Myers as new CFO
During her two decades with HP Inc, Myers served as Global Controller and Americas CFO of the company's Personal Systems business unit, among other roles.
NCLT nod for Rs 707 cr claim of IL&FS' FSEL from NHAI
The National Company Law Tribunal (NCLT) has approved the settlement claim of Rs 707.709 crore made by Fagne Sonagarh Expressway Limited (FSEL), a special purpose vehicle of IL&FS for the expressway project, from National Highways Authority of India (NHAI).
Paytm Money opens F&O trading for all at Rs 10, receives over 1 lakh early access requests
The company said that it received an overwhelming response for F&O trading on its platform with over 1 lakh requests for its Early Access Program. Trading is now live on the Paytm Money app and website for all.
Fuel prices break into new highs across country
Since fuel prices are benchmarked to a 15-day rolling average of global refined products' prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude hovers at the current level.
Airtel to acquire 20% stake in Bharti Telemedia from Warburg Pincus
The deal involves a total consideration of Rs 3,126 crore which will be discharged primarily via issuance of 3.64 crore equity shares of Airtel at a price of Rs 600 per share, and up to Rs 1,037.8 crore in cash, Bharti Airtel said in a regulatory filing.
Adani Ports acquires Dighi Port, earmarks Rs 10K cr for new gateway into Maha
With the acquisition, DPL has become the 12th port to join APSEZ's string of economic gateways across the eastern and western coast of India and would establish the company's footprint in Maharashtra
BCCI contemplating allowing fans in stadium for IPL: Sourav Ganguly
While dates are yet to be officially announced for the IPL's 2021 edition, it is expected to be held between the months of April and May. The player auction will be held on Thursday. Ganguly said that the Board of Control for Cricket in India (BCCI) was also keen on having crowds for India's first Test against England.
BigBasket says no comment on Tata Group's acquisition bid
TechCrunch earlier reported, citing sources, that Tata Group is buying over 60 per cent stake in BigBasket "in a deal that values the grocery platform between $1.8 billion-$2 billion". When contacted, Bigbasket said it does not have an official statement to share on the report.
Petrol, diesel remain most taxed products as consumers feel pinch
The government has maintained that the new cess is tax neutral as excise duty on petrol and diesel has been brought down by the same level and it would not have an impact on retail prices of auto fuels. However, it is worth noting that since February 1 (budget day), petrol and diesel prices have increased 11 times and are now expensive by Rs 3.24 per litre and Rs 3.47 per litre respectively.
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