Thursday, Mar 20 2025 | Time 17:08 Hrs(IST)
Business Economy


UAE firm files $29.67 million arbitration claim against BHEL

New Delhi, Feb 21 (UNI) Public sector Bharat Heavy Electricals Ltd (BHEL) on Friday said that UAE-based Dipon Gulf General Contracting LLC has filed an arbitration claim against it for $29.67 million.
As per a stock exchange filing by BHEL, Dipon Gulf General Contracting has invoked arbitration for additional amounts on account of alleged additional work carried out in respect of the contracts executed at Maitree Project, Bangladesh.
BHEL has however rejected the claim, maintaining that Dipon Gulf General Contracting did not perform any additional work over and above the contractual scope of work.
"Other claims are also not tenable as per contract provisions," BHEL said in the filing to stock exchanges BSE and NSE.
BHEL also said that a counter claim is currently being finalised.
BHEL is among India’s leading engineering and manufacturing enterprises in the energy and infrastructure sectors.
UNI NK BM
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Rupee rises 5 paise against USD

20 Mar 2025 | 4:34 PM

Mumbai, Mar 20 (UNI) The Rupee on Thursday gained 5 paise to close at 86.37 against the US Dollar on brisk selling of USD by bankers and importers, dealers at the Forex Market said.

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Sensex zooms 899 01 pts

20 Mar 2025 | 4:32 PM

Mumbai, Mar 20 (UNI) The equity market maintained its supremacy for the fourth straight session
on Thursday, with BSE Sensex spurted 899.01 pts to close at 76,348.06 following gains in Telecommunications, Technology and Oil and Gas stocks.

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Kottayam-Kochi Rubber Market Rates

20 Mar 2025 | 4:28 PM

Kottayam, Mar 20 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal
KOTTAYAM
RSS FOUR: 20000
RSS FIVE : 19600
ISNR TWENTY: 18300
SIXTY PERCENT LATEX: 13630
KOCHI
RSS FOUR : 2000
RSS FIVE : 19600
INTERNATIONAL RATES (BANGKOK)
RSS One : 21044
RSS Two : 20890
RSS Three: 20749
RSS Four : 20671
RSS Five : 20556
KUALALUMPUR
SMR TWENTY : 17577($ 203.20)
SIXTY PERCENT LATEX : 13781($159.30)
UNI PA BM.

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Tata Communications Vayu, a new cloud for intelligent enterprise

20 Mar 2025 | 4:27 PM

Mumbai, Mar 20 (UNI) Tata Communications, on Thursday announced the launch of Tata Communications Vayu, its next-gen Cloud fabric for the enterprise IT.

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Flipkart partners with FanCode Shop to bring official sports merchandise to SuperCoin users

Flipkart partners with FanCode Shop to bring official sports merchandise to SuperCoin users

20 Mar 2025 | 4:09 PM

Kolkata, Mar 20 (UNI) Flipkart has partnered with FanCode Shop, India’s premier destination for official sports merchandise.

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