business

HSBC Mutual Fund has announced revision in the exit load for all investments (including SIP / STP) under HSBC Floating Rate Fund – Long Term Plan. As per the change, an exit load of 0.25% will be charged under regular option if units are redeemed within 3 months. There will no exit load for the … Read more HSBC + DSP BlackRock + Canara Robeco Mutual Fund Updates

The Hindustan Petroleum Corporation (HPCL) has launched a 24 hour LPG refill booking facility for the benefit of the LPG customers in Kochi, Kerala. The centralized LPG refill booking facility named HP Anytime shall provide a hassle-free experience for booking refills, raising complaints including leakage complaints and status enquiry, through an interactive voice response system … Read more HPCL launches 24-hour gas booking facility in Kerala

DLF has said that they haven’t withdrawn from the Dankuni project (Rs 50bn project) but due to the economic downturn they have asked the refund back (Rs 2.7bn)and will again consider taking the project once the land is handed over by the state government. We believe that Dankuni project is 182.5mn sq ft with DLF’s … Read more DLF withdraws from Dankuni project

Oil and Natural Gas Corporation (ONGC) has placed a lump-sum turnkey (LSTK) contract worth Rs 6,800 crore with the conglomerate consisting of Germany’s Linde AG and South Korea’s Samsung Engineering. The deal is for setting up a turnkey ethylene plant at its mega petrochemical project at Dahej in Gujarat. The proposed plant will be the … Read more ONGC awards Rs 6,800 cr order to Linde-Samsung consortium

Reliance Infrastructure, belonging to the Anil Dhirubhai Ambani Group (ADAG), in a communique to the Bombay Stock Exchange, has announced a new buyback initiative wherein the company will acquire shares worth Rs 700 crore from its investors. The buyback, which will be made up to a maximum price of Rs 700 per share, will remain … Read more Reliance Infra to buy back shares worth Rs 700 cr