LIC provisions up, NPAs down ahead of listing: FY21 annual report

LIC's revenue or total income growth in FY21 was the best in five years

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Reliance Power defaults on interest payment to IDBI and DBS banks

Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore

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Raymond's board approves JK Files & Engineering's Rs 800-crore IPO

Diversified group Raymond Ltd on Wednesday said its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), a company that is in the business of auto parts. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore, said the country's leading fabric and apparel manufacturer Raymond in a statement. Moreover, the IPO will not have any fresh issuance of shares and will be undertaken subject to requisite regulatory approvals and market conditions, it added. "We hereby inform that the board of directors of JKFEL, a wholly-owned material subsidiary of Raymond Ltd at its meeting held on November 30, 2021, approved an IPO comprising of an OFS for Rs 800 crore, subject to such variation as permitted under applicable law," it said. It further said that in this regard, the company's board of directors, at its meeting held on Wednesday, approved the OFS for Rs 800 crore, subject to such variation as permitted under applicable law

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6 passengers from 'at-risk' countries test Covid positive: Govt

The health ministry said that this was an evolving situation and the government was keeping track

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Govt, Opposition refuse to budge as barred MPs continue stir

Impasse between Oppn, government over suspension of 12 MPs from RS continues as neither side concedes any space

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Powers of Sigint and Comint

The book has 15 chapters, subdivided into multiple sub-sections

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GST rates and manufacturing growth

The capital goods component is especially important now in view of the mandated guidelines for installation of pollution control equipment

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Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

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