Park Hotels gets approval from SEBI for IPO

New Delhi: Hotel company APJ Surendra Park Hotels has received approval from SEBI for its initial public offering (IPO) of an estimated Rs 1,000 crore. The company may launch an IPO of Rs 1,000 crore. According to merchant banking sources, the company will offer new shares worth Rs 400 crore...

ONGC declared interim dividend of Rs 5 per share

New Delhi: Public sector company Oil and Natural Gas Corporation (ONGC) on Monday declared a dividend of Rs five per share for its shareholders. With this announcement, the government will receive Rs 3,950 crore on its stake in the company. ONGC said in a regulatory notice that its board of...