Tag «Companies»

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

By Administrator_India Capital Sands Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday …

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal

By Administrator_India Capital Sands National miner, Coal India limited (CIL), said it has approved 32 new coal mining projects in the ongoing financial year with an estimated cost of Rs 47,000 crore. Of the 32, twenty-four are expansion of existing projects and the remaining eight are greenfield. The combined incremental peak capacity of these projects is projected at 193 …

Enforcement Directorate slaps money laundering case on Franklin MF

Enforcement Directorate slaps money laundering case on Franklin MF

By Administrator_India Capital Sands Franklin Templeton Mutual Fund (MF), which shut its six schemes in April 2020, is facing the heat from the Enforcement Directorate (ED) and the Securities and Exchange Board of India (Sebi). According to sources, while the ED has registered a money-laundering case against the fund house and eight others, the market regulator has issued …

Focused on investing in India for long run: Facebook

Focused on investing in India for long run: Facebook

By Administrator_India Capital Sands Facebook is committed to investing in India for the long term and continues to build tools for businesses to help them build and grow their online presence, a top company official said. Speaking to PTI, Facebook Chief Revenue Officer David Fischer said the company has made investments and undertaken some unique …

Facebook India revenue jumps 43%, total expenses at Rs 1,046 cr in FY20

Focused on investing in India for long run: Facebook

By Administrator_India Capital Sands Facebook India Online Services, which operates a social networking website, reported its revenues for the financial year 2019-20 at Rs 1,277 crore. This is a 43 per cent jump since the last financial year, show regulatory documents sourced from business intelligence platform Tofler. The company reported a net profit of Rs 136 …

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

By Administrator_India Capital Sands Continuing with its industry-leading performance, Infosys — India’s second largest information technology services company — on Wednesday delivered a healthy set of numbers in the second quarter (Q2) of 2020-21 (FY21). This exceeded Street expectation and was better than industry peers Tata Consultancy Services (TCS) and Wipro. The company showed strong improvement across all financial …

EU lending institution to invest 650 million euros in Kanpur metro rail construction

EU lending institution to invest 650 million euros in Kanpur metro rail construction

By Administrator_India Capital Sands The European Investment Bank said it will invest 650 million euros into the construction of Kanpur’s first metro line, enabling about three million people in the city to benefit from green, fast and affordable public transport. The EIB, in a statement, said the new metro rail system will reduce commuting hours …