Coal India Limited (CIL) has set a target to produce 838 million tons (MT) of coal in the financial year 2024-25, of which 661 MT will be supplied to the power sector alone, the state-owned company's chairman and managing director (CMD) PM Prasad said. "Earlier, the target for Coal India was 850 MT. But currently, there are huge coal stocks at thermal power plants (TPPs).

The initial public offering of GPT Healthcare, the Eastern India-focussed mid-sized multi-specialty hospital chain, has seen a healthy response from investors, subscribing 8.47 times on February 26, the final day of bidding. Investors have bought 16.74 crore equity shares, against the IPO size of 1.97 crore equity shares which excluded the anchor book portion.

New Delhi: Multinational pharma company Pfizer has announced that it will partner with the National Institute of Pharmaceutical Education & Research (NIPER), Ahmedabad, to incubate six healthcare startups with an investment of ₹25 lakh each under the INDovation programme.The initiative is supported by the department of pharmaceuticals and Niti Aayog, and anchored by Social Alpha.

📌January 31: The RBI asks PPBL to stop accepting deposits and halt credit transactions or topups after February 29, 2024. 📌February 1: In an investor conference call, the company management says that its lending partners have requested clarity on the RBI notification. 📌February 4: CAIT issues an advisory asking brick-and-mortar businesses to switch from Paytm to other payment applications.

PSU lender Canara Bank on Monday said its Board approved split of each share into five shares. The bank said in a stock exchange filing that the move was made "to improve the liquidity of the Bank’s share and to make it affordable for retail investors and also to broaden the retail investors base". Expected time of completion for stock split is 2-3 months, said Canara Bank. 

The BMC has imposed a collective penalty of Rs 82.5 lakh on multiple ongoing construction works across the city in keeping with the set of SOPs it had released on Oct 25, last year, to check rising air pollution. While 1,572 work sites were levied a penalty of Rs 48 lakh for not keeping their premises clean, 139 sites were fined for burning garbage and 537 individuals for unauthorised dumping.

Benchmark Nifty 50 saw some more profit booking amid consolidation and closed four-tenth of a percent lower on February 26, after hitting a historic high in previous week. The ongoing consolidation is likely to continue in the coming sessions too, with the psychological 22,000 mark likely acting as an immediate support, followed by 21,900 as a crucial support, which coincides with 21-day EMA.

Land, house and building owners in the Patna municipal area, who don’t have an identification number of their property, would now be provided an online platform to get it.Patna Municipal Corporation (PMC) has decided to launch ‘identification, assessment, payment and property ID generation (IAPP)’ facility for property owners.

IT clients are excited about using artificial intelligence, but cost considerations are forcing them to apply brakes on the faster adoption of the technology, a top Infosys executive said."You have to think about return on investment, because this tech, unlike the other ones, is high on cost," Satish HC, executive vice-president and co-head of delivery.

Mahindra & Mahindra Financial Services on February 26 announced a collaboration with Lendingkart, for co-lending partnership to provide business loans for the small and medium enterprise (SME) sector. The partnership will provide business loans to SMEs with an aim to boost timely access to credit and will further bolster Mahindra Finance’s SME lending portfolio, the company said.

The shares of Dixon Technologies surged to an all-time high of ₹7,048 per share on Monday's trading session, up by a 2.6 percent. This remarkable upswing came as a result of the company's announcement of signing a contract with Compal Smart for mobile phone manufacturing.Padget Electronics, a subsidiary fully owned by Dixon Tech, has signed a contract manufacturing deal with Compal Smart Device

Reported Consolidated quarterly numbers for PCS Industries are: Net Sales at Rs 0.08 crore in December 2023 down 11.78% from Rs. 0.09 crore in December 2022. Quarterly Net Profit at Rs. 0.37 crore in December 2023 up 49.08% from Rs. 0.25 crore in December 2022. EBITDA stands at Rs. 0.50 crore in December 2023 down 0% from Rs. 0.50 crore in December 2022.

Reported Consolidated quarterly numbers for Innova Captab are: Net Sales at Rs 302.49 crore in December 2023 up 24.99% from Rs. 242.01 crore in December 2022. Quarterly Net Profit at Rs. 25.13 crore in December 2023 up 28.33% from Rs. 19.58 crore in December 2022. EBITDA stands at Rs. 46.94 crore in December 2023 up 27.11% from Rs. 36.93 crore in December 2022.

Reported Consolidated quarterly numbers for Softsol India are:Net Sales at Rs 17.00 crore in December 2023 down 11.64% from Rs. 19.24 crore in December 2022.Quarterly Net Profit at Rs. 2.95 crore in December 2023 down 56.94% from Rs. 6.85 crore in December 2022.EBITDA stands at Rs. 4.56 crore in December 2023 down 41.84% from Rs. 7.84 crore in December 2022.

Reported Consolidated quarterly numbers for Accel are: Net Sales at Rs 41.51 crore in December 2023 up 1.07% from Rs. 41.07 crore in December 2022. Quarterly Net Profit at Rs. 1.25 crore in December 2023 down 28.16% from Rs. 1.74 crore in December 2022.EBITDA stands at Rs. 5.10 crore in December 2023 down 15.56% from Rs. 6.04 crore in December 2022.