Chemplast to spend ₹620 crore on expansion

Firm to raise ₹3,850 cr. via IPO, OFS City-based Chemplast Sanmar Ltd. will spend ₹620 crore on expansion and development over a period of two to three years, according to a top official. “All our manufacturing units are in Tamil Nadu as it offers best investment climate. We have a strong position in the South with respect to manufacturing and […]

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Meggitt H1 Underlying Pretax Profit Declines; Announces Recommended Cash Offer By Parker

Meggitt Plc (MGGT.L) reported first half profit before tax of 33.6 million pounds compared to a loss of 368.4 million pounds, previous year. Profit per share was 3.6 pence compared to a loss of 43.7 pence. The Group noted that its prior period performance significantly adversely impacted by exceptional impairment losses and other asset write-downs arising from the uncertainty facing […]

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ArcelorMittal posts $4,005 million net income in Apr-Jun qtr

Global steel giant ArcelorMittal on Thursday posted a net income of $4,005 million for the second quarter ended June 30, 2021. “The world’s largest steelmaker had clocked a net loss of $559 million in the year-ago quarter,” the company said in a statement. The Luxembourg-headquartered integrated steel and mining company follows the January-December fiscal year. Sales in April-June quarter of […]

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Ask us: On investments

The corporate and government bond options have also tended to beat comparable options from mutual funds Q. I am planning to start SIP in the NPS Tier 2 account instead of investing in mutual funds. On redemption, how will the capital gains be taxed? Kumaravel K.S. Aarati Krishnan answers: NPS Tier 2 account offers an opportunity to choose from among […]

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Active or passive? Why investment grammar is important

Choosing the right fund for investment can be an uphill task as several factors are at play Your decision to choose investment products depends on your investment objectives. Are you, for instance, investing to achieve a life goal or are you investing your surplus cash? This is important because you can give up significant liquidity if you are investing surplus […]

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Your car sale doesn’t end with just handing over the keys, RC

A vehicle and its insurance papers should reflect the same name and address. If not, you could be held liable for any accident Shopping is fun. Research, budgets, recommendations, comparisons and a little bit of dreaming about how happy we will be once we own it. Selling can be interesting too. In addition to the age-old Indian tradition of bargaining, […]

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Healthcare, travel sectors welcome stimulus

‘Scale up medical infra manifold’ Industry and analysts welcomed the targeted interventions — with a special focus on health and tourism — announced by Finance Minister Nirmala Sitharaman. “The measures to keep enterprises afloat in the aftermath of COVID 2.0 in the form of extending loan guarantees to the healthcare, tourism sectors and small borrowers, in addition to increasing the […]

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Govt gives nine-month extension to LIC Chairman Kumar

The govt has approved the proposal of the Department of Financial Services for extending the term of M.R. Kumar from June 30, 2021 till March 13, 2022 The government has given a nine-month extension to LIC Chairman M.R. Kumar till March next year in view of the insurer’s proposed initial public offer towards the end of the current fiscal. In […]

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