news, Author at Feedback

All posts by: news

About news

We take care of publishing the latest investment news and highlights for Feedback

State-owned Indian Oil Corporation along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest USD 170 million.

The third edition of the Dell EMC Global Data Protection Index, finds that organizations in India saw 130% growth in data from 2016-2018, as against a global average of 569%. The total amount of data managed by Indian firms grew from 2.79 PB in 2016 to 6.43PB in 2018.

The University of Chicago has tied up with the Tata Centre for Development for taking up 27 research projects that aim to provide new evidence-based solutions to certain development and policy problems.

DLF, the country’s largest real estate developer, announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 3,175 crore. This is part of an earlier decision to cut its then massive debt, of Rs 28,500 crore only two years earlier.

Infrastructure company Larsen & Toubro (L&T) has won various contracts across India, including for construction of hospitals in Jharkhand, a commercial complex in Hyderabad and a manufacturing facility in Gujarat.

The government has pared its holding in Coal India Ltd to 72.33 per cent in the current financial year from 78.5 per cent in 2017-18. Following the recent buy back of 0.72 per cent of shares, the promoters (government) holding is now at 72.33 per cent.

Jindal Steel and Power Limited (JSPL) has re-started its 1.8 million tonne per annum (mtpa) Direct Reduced Iron (DRI) plant at its six mtpa integrated steel complex at Angul, Odisha, buoyed by robust domestic demand.

Prudential Corporation Holdings, the joint –venture partner in ICICI Prudential Life Insurance, is planning to sell 3.71 per cent equity or 53.26 million shares in the life insurance firm for a floor price of Rs 300 per share.

Delhivery has become the first Indian logistics company to enter the coveted unicorn club (companies valued over $1 billion) after SoftBank invested $413 million from its Vision Fund into the company. Valuing the delivery firm at close to $2 billion, SoftBank picked a massive 22.4 per cent stake.