Andhra Pradesh Government Releases Guidelines for Amaravati Capital City Development Project, ET Infra
VIJAYAWADA: Setting the ball rolling on taking up various developmental projects in the capital city Amaravati, the state govt has issued detailed guidelines to Capital Region Development Authority (CRDA) on spending of the loan to be granted by the World Bank and Asian Development Bank (ADB). The state govt listed
Senior TCS employees receive lower variable pay
BENGALURU: Senior employees of TCS saw significant reductions in their quarterly variable pay for the Sept quarter, receiving 20-50% of the payout even though they fulfilled the mandatory office attendance criteria.“HR has told us that they are not aware of why this has happened. For some other accounts, the message
Deposit rates at peak, RBI cut likely in Feb: SBI chief
MUMBAI: Even as SBI’s deposit rates have peaked, C S Setty, chairman of the country’s largest bank, expects RBI to cut interest rates by a moderate 25 basis points only in Feb 2025. SBI aims to grow its deposits by differentiating itself on services available and offering premium services to
Greater Noida Unveils Ambitious 15-Year Master Plan for Drain Network and Water Supply, ET Infra
NOIDA: Greater Noida Industrial Development Authority (GNIDA) is planning to develop a comprehensive 15-year master plan and detailed project report (DPR) for water, sewer and stormwater drains. A consultant will be hired to assess the current systems, forecast future needs, and align with GNIDA’s master plans for 2021 and 2041.
Swiggy IPO allotment status today: Investors await listing amid muted GMP; check status, GMP, expected listing price
NEW DELHI: The share allotment for Swiggy’s IPO is set to be finalised today, allowing investors to check their status on platforms such as BSE and Link Intime India, the IPO’s registrar. Swiggy’s debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is slated for November 13.
IIFCL plans subsidiary for issuance of asset backed securities, ET Infra
India Infrastructure Finance Company Ltd (IIFCL) is planning to set up a subsidiary to issue asset-backed securities (ABS) or covered bonds, as it aims to securitise its assets and conserve capital for further business growth. “We are almost reaching the threshold of asset size and loan book that we should
India to back Brazil for consensus at G20 meet amid geopolitical tensions
India’s G20 Sherpa Amitabh Kant NEW DELHI: India will throw its weight behind Brazil to forge a consensus at the G20 leaders meeting next week against the backdrop of growing geopolitical tensions and New Delhi will press for progress on issues linked to debt, climate and gender, a top official
South Korea pledges $3 million to support climate action in Central Asia, ET Infra
The South Korean government said on Sunday that it will donate $3 million over the next three years to support climate change initiatives in Central Asian countries. The finance ministry said the agreement for the donation to the Climate and Sustainability Project Preparatory Fund was signed Friday during ministerial-level meetings
Govt gets Rs 3,449 crore from Hind Zinc OFS
NEW DELHI: Government has raised Rs 3,449 crore through offer-for-sale in Hindustan Zinc by selling about 1.6% stake. Through the two-day OFS on Nov 6-7, government had proposed to sell nearly 5.3 crore shares, or 1.25% stake, with a greenshoe option to retain additional subscriptions of a similar amount. government
Sebi looks to expand scope of info disclosed by listed companies
MUMBAI: In a bid to get companies to adhere to the rules relating to unpublished price sensitive information (UPSI) in letter and spirit, Sebi seeks to expand the list of corporate events that would qualify as UPSI. A consultation paper published by Sebi on Sunday indicated that presently, there exists