EXECUTIVE ORDER
NCC likely to benefit from state-led infra push
A key factor which provides an edge to NCC over peers is its well-diversified order book. At present, on a consolidated basis, the company has an order book of Rs 57,536 crore, offering a revenue visibility for at least two and a half years.
Hot Stocks: 3 stocks that may give returns between 15-31%
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets.
Kejriwal withdraws from SC plea against HC's interim stay on bail order
Delhi Chief Minister Arvind Kejriwal withdrew his Supreme Court plea challenging a Delhi High Court order that stayed his bail in the excise scam-related money laundering case. Kejriwal's counsel, Abhishek Singhvi, indicated plans to file a new appeal following his recent arrest by the CBI.
SAT stays Sebi order on former PTC India CMD Rajib Kumar Mishra
The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses.
Byju’s challenges NCLT order restricting fund use in Karnataka High Court
Byju’s faces protests from investors over $200 million rights issue conducted at 99% discount. Lenders within consortium loaned $1.2 billion to Byju’s file bankruptcy petition in US court.
Zomato launches feature to show users their cumulative order count on app
Zomato introduced a feature that shows the total number of orders placed across India right after you place your own order. This gives you a glimpse of how many orders are happening on the platform in real-time.
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FSIB shortlists five for executive director positions
FSIB shortlisted five CGMs for ED positions in public sector banks after interviewing 57 candidates. Vaheed, Rajeeva, and Majumdar are top three in the list, while Surendran and Srivastava are number four and five.
ET Explainer: What are block and bulk deals?
Block deals involve large investors and do not impact stock prices in real time.
For a few dollars less: The quiet demise of the petrodollar agreement
The USD hegemony is unravelling, and the global financial order is moving towards a new era led by BRICS-plus countries. Hard commodities-based blockchain-enabled digital currencies will challenge the dollar's dominance and its power dynamics through transparency and inherent strength. How this will play out in gaining legitimacy and acceptance will determine our lives over the next decade.
Third-party firms Delhivery, Xpressbees look to sort out logistics of quick commerce race
Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges. Sensing opportunity in the q-commerce space, Delhivery has started to work with Swiggy Instamart’s larger warehouses which supply to small dark stores, or fulfilment centers. Meanwhile, Xpressbees is talking to multiple players for the same.
Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi's order
Rajib Kumar Mishra ceased to be chairman of PTC India Financial Services Ltd (PFS) and CMD of PTC India Ltd following an order by Sebi. Mishra held office as chairman and non-executive director in PFS and as Chairman & Managing Director of PTC India Ltd. Sebi prohibited Pawan Singh from holding the post of director in any listed company for two years and imposed a penalty of Rs 25 lakh on him for corporate governance lapses at PFS.
Om Infra eyes robust growth amid govt push on water projects
We are one of the largest companies in the country and of course, amongst the largest companies in the world specialising in hydromechanical equipment, which is a very critical portion, critical part of any hydropower projects or any irrigation project or any pump storage projects and therefore, our equipments are very critical to any of these water-related projects.
What should investors do with defence stocks? Mayuresh Joshi answers
However, I think for markets with India perspective we are very-very light right now, we still like to see over the next couple of days of what transpires on the political front and therefore the initiatives that will be taken over the next few days and specifically in the budget in terms of allocations are going to be extremely critical.
Constructive policies over last several years exciting for India: Vinay Dube, Akasa Air
What I can talk about is the progressive and constructive policies that I have experienced over the last several years, those are very exciting for the country.
Suzlon is all renewed energy with a book full of orders & free of debt
Suzlon Energy, a key player in India's renewable energy sector, saw a remarkable turnaround in FY24. The company became debt-free, increased its order book, and revamped leadership under CEO JP Chalasani.
KPI Green Engineering bags orders worth Rs 351 cr
KPI Green Engineering secures Rs 351.35 crore orders for railway track fencing crash barriers, solar projects, and electricity transmission line towers.
Biden prepares a tough executive order that would shut down asylum after 2,500 migrants arrive a day
The White House is discussing plans for President Biden to issue an executive order closing asylum requests at the U.S.-Mexico border if daily encounters hit 2,500 between ports of entry, reopening when the number falls to 1,500. This move aims to control border numbers and is expected to be announced on Tuesday.
Food delivery companies lean on existing users for growth
In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition.
Capacit'e Infraprojects Q4 Results: PAT more than doubles to Rs 52 crore
Capacit'e Infraprojects has said its consolidated profit after tax more than doubled to Rs 52 crore for the March 2024 quarter, on account of higher income. It had posted a Profit After Tax (PAT) of Rs 22 crore in the year-ago period, the company said in a regulatory filing late Tuesday.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
NCLT order reinforces allegations of mismanagement of Kirloskar Brothers: Kirloskar Industries
The order confirms that a case of oppression and mismanagement under Section 241 and 242 of the Companies Act has been made out by KIL and others petitioners, against KBL, its Board of Directors and Pratima Kirloskar (wife of Sanjay Kirloskar), the statement added.
'FBI' Season 7: How will Mike Weiss impact series? Everything you may like to know
Hit TV series 'FBI' is set to receive a major overhaul in the seventh season as Mike Weiss takes over the reins as the new executive producer. Meanwhile, the sixth season of the series wrapped up recently.
Man Industries bags new orders worth Rs 505 crore
Man Industries (India) Ltd secures new export orders worth Rs 505 crore for various types of pipes from an international company, adding to its unexecuted order book of approximately Rs 2,100 crore.
Confident of reaching around 15% revenue growth in next 2-3 years: CB Ananthakrishnan, HAL
We are taking a multi-pronged approach both in terms of capacity expansion, improving our manpower, increasing our manpower requirement as and wherever it is required, also increasing the private sector participation on the various programmes to see that the deliveries are made in time.
The Biden administration is planning more changes to quicken asylum processing for new migrants
The Biden administration is considering changes to the asylum system to speed up processing and potential removal of migrants at the southern border. The proposed change would prioritize certain migrants for asylum processing rather than going to the back of the line. This move aims to process recent arrivals within six months, compared to the current backlog that takes years. The administration hopes this will dissuade more people from attempting the journey to the U.S.-Mexico border. However, advocates for immigrants are concerned about expediting proceedings for migrants already facing difficult circumstances.
How does ' throwing eggs' help new investment in China? Executive order of Joe Biden gets sidelined
As US-based investors keep pulling out from China, learning a game of 'throwing eggs' is helping investment companies in affluent regions of the world's second-largest economy, claim reports.
US sanctions China, Belarus companies for Pakistan missile-linked gear
While China has been the biggest supplier of weapons and technology to Pakistan in recent years, the link between a Belarusian entity and Pakistan has come as a surprise to many experts. Ukraine, however, is known to have supplied defence items to Pakistan since the dissolution of the Soviet Union. On the implications of the sanctions, the US said, "As a result of today's action, all property and interests in property of the designated persons described above that are in the US, or in possession or control of US persons, are blocked and must be reported to the Department of Treasury's Office of Foreign Assets Control (OFAC)."
Suits & Sayings: All Talk, No Hire
ET’s roundup of the wackiest whispers in corporate corridors!
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