Jain Irrigation shares jump over 10% on Rivulis deal

Jain Irrigation shares jump over 10% on Rivulis deal

Thursday, 23 June 2022 | PTI | New Delhi

Shares of Jain Irrigation Systems Ltd on Wednesday jumped over 10 per cent after the company said its global irrigation business will be merged with Temasek-owned Rivulis in a cash-and-stock deal, a move that will help the firm to reduce its consolidated debt. The stock jumped 17 per cent to Rs...

Nifty to slide to 14,500 by year-end: BofA Securities

Thursday, 23 June 2022 | PTI | Mumbai

 Indian equities will bottom-out only in August or September and the 50-share benchmark Nifty will fall by another 6 per cent to 14,500 points by the end of this year, an American brokerage said on Wednesday. A cut in companies' earnings as the advantage from cheaper inventory buffer wears off, continuing...

AP govt clears Adani green energy projects worth Rs 15,740 cr

AP govt clears Adani green energy projects worth Rs 15,740 cr

Wednesday, 22 June 2022 | IANS | Amaravati

In a boost to the green energy sector in Andhra Pradesh, Chief Minister Y.S. Jagan Mohan Reddy has cleared pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. The project was cleared in the State Investment Promotion Board (SIPB) review meeting on Wednesday. Chief Minister...

Amazon names Herrington as CEO of Worldwide Amazon Stores

Amazon names Herrington as CEO of Worldwide Amazon Stores

Wednesday, 22 June 2022 | IANS | San Francisco

Tech giant Amazon has announced that Doug Herrington will become the new Chief Executive Officer (CEO) of the company's Worldwide Amazon Stores business, formerly known as "Consumer". Harrington has been at Amazon for 17 years. He joined the company in 2005 to build out the Consumables business, launched AmazonFresh in 2007,...

Markets climb for 2nd day; Sensex, Nifty rally nearly 2%

Markets climb for 2nd day; Sensex, Nifty rally nearly 2%

Wednesday, 22 June 2022 | PTI | Mumbai

Benchmark indices advanced for the second straight session on Tuesday, with the Sensex and Nifty jumping nearly 2 per cent each, mirroring a rally in global equity markets. Buying in index majors Reliance Industries and IT stocks buoyed the benchmarks. The BSE Sensex zoomed 934.23 points or 1.81 per cent to settle...

Monthly instalment scheme can help discoms save one-fourth of additional payout to gencos: Crisil

Wednesday, 22 June 2022 | PTI | New Delhi

New equated monthly instalment scheme introduced by power ministry can help electricity distribution companies (discoms) save a quarter of their additional payouts and clear around Rs 20,000 crore payments to generation firms (gencos) this fiscal, according to Crisil Ratings. “Electricity distribution companies (discoms) could potentially save a quarter of their additional...

GE Steam Power inks $165 mn pact to supply 3 nuclear steam turbines to BHEL

Wednesday, 22 June 2022 | PTI | New Delhi

GE Steam Power on Tuesday said that it has inked a USD 165 million pact with state-run engineering firm BHEL to supply three nuclear steam turbines. GE Steam Power has signed a USD 165 million contract with BHEL for the supply of three nuclear steam turbines out of six units for...

GIL announces jobs for Agniveers in Raxa Security Solutions Ltd

Wednesday, 22 June 2022 | Staff Reporter | NEW DELHI

Ahead of the several protests regarding the “Agnipath” Scheme introduced by the centre, the GMR Infrastructure Limited (GIL) on Tuesday announced that it would give priority in jobs to Agniveers in its subsidiary RAXA Security Solutions Limited. As per the statement released by the GIL, Raxa Security Solutions Ltd is a...

Sunday Edition

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The art of job-hunting

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Indo-Pacific Eco Framework: Concept to strategy

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