The Hindustan Aeronautics Limited has pledged Rs 20 crore from its CSR fund to the Prime Ministers Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund
Stock market sees heavy volatility during Narendra Modi's address to the nation; Sensex jumps over 200 points
The 30-share benchmark index dived by over 100 points but recovered sharply to 38,402.35 at 1234 hrs as Modi announced that India had shot down a live satellite in space
HAL's Q3 net profit declines 17% to Rs 455 cr; PSU firm's total income from operations at Rs 4,483 cr
HAL's total income from operations stood at Rs 4,482.83 crore during the period, compared with Rs 4,462.92 crore in the corresponding year-ago period.
Indian cos raised Rs 6 lakh crore from equity, debt markets in 2018; volatile market conditions brought down kitty by 30%
Data shows the debt market remains the most preferred route for raising funds to support business needs of the corporate world.
As per the guidelines, CPSEs having net worth of at least Rs 2,000 crore and cash and bank balance of above Rs 1,000 crore have to mandatorily go in for share buyback.
The biggest public issue was floated by Bandhan Bank, which raised $699 million followed by Hindustan Aeronautics ($661 million) and ICICI Securities Ltd ($618 million).
Most of the funds that have been raised are for business expansion plans, repayment of loans and to support working capital requirements
Hindustan Aeronautics stock falls 5% against its issue price of Rs 1,215 in trading debut on bourses
IPO of the Hindustan Aeronautics was open during 16-20 March and was subscribed 99 percent
The public offer will see the company selling 34,107,525 equity shares of face value of Rs 10
Nirmala Sitharaman's statement on Rafale deal raises more questions than answers, says Sitaram Yechury
Sitaram Yechury on Saturday said defence minister Nirmala Sitharaman's media statement on Rafale has raised more questions than answers
Lockheed has offered to shift its F-16 production line to India from Fort Worth, Texas, and make it the sole factory worldwide if India orders at least 100 single-engine fighters.
While domestic private R&D is yet to pick up, India has become an attractive destination for foreign defence companies for R&D due to its inherent advantages of a large number of highly qualified low cost engineers and scientists
Minister of State for Defence Rao Inderjeet Singh also held a series of meetings with the companies present in the defence sector, including Dassault, from which India has decided to purchase 36 Rafale fighter jets.
A defence ministry official said the Swedes had shown interest in a range of military hardware, not just aircraft, including shipyards in India where the next generation of warships and submarines will be built for the navy.
Finance Minister Arun Jaitley on Wednesday said the government has drawn a list of state-owned companies which will be put on block for strategic sale.
Hindustan Aeronautics Ltd (HAL) will make military and civil variants of light utility helicopters (LUH) for the Indian and global markets
Speaking on the sidelines of AeroIndia International Seminar-2015, the minister said the Chief of Defence Staff was someone who has to take the overall perspective and doesn't think in compartments like Navy, Air force and the Army.
Hindustan Aeronautics has bagged a defence contract, valued at around Rs 1,090 crore, that includes supply of 14 Do-228 aircraft to the Indian Air Force.
The DAC, however, could not arrive at a decision on a joint bid by Tata Sons Ltd and Airbus to replace the Indian Air Force's Avro transport fleet, according to sources.
The government has budgeted to raise Rs 43,425 crore through disinvestment in the current fiscal, higher than Rs 40,000 crore raised in 2013-14.