US-based FedEx Express on Thursday said that its strategic alliance with domestic logistics firm Delhivery, signed in July this year, has become operational. FedEx Express is an American multinational conglomerate holding company that focuses on transportation, e-commerce and business services. It is the subsidiary of FedEx Corp. Delhivery is an Indian logistics and e-commerce supply [...]
The government has made policy interventions to boost the telecom sector and further measures in ease of doing business as well as support from the banking sector will enhance the industry’s strength and ensure that India remains at the cutting-edge of global technology trends, Aditya Birla Group Chairman Kumar Mangalam Birla said on Wednesday. Speaking [...]
Automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted sales across various segments, including passenger vehicles and two-wheelers, automobile dealers’ body FADA said on Wednesday. The Federation of Automobile Dealers Associations(FADA) is an apex national body representing automobile dealers of [...]
SEBI has amended rules pertaining to the delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient. Delisting occurs when a stock is removed from the stock exchange. It usually means that a stock has failed to meet the [...]
Indian Oil Corporation (IOC), the nation’s largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia’s Rosneft, the Russian oil producer said. IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via [...]
Inox Wind on Monday said the board of its arm Inox Green Energy Services Ltd has approved fundraising of Rs 500 crore through an initial public offering of its equity shares. Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades & tubular towers [...]
The recent clarification by the Reserve Bank of India on non-performing advances (NPA) may increase non-banking financial companies (NBFCs) bad loans by one-third, says a report. A non-performing asset (NPA) refers to a classification for loans or advances that are in default or in arrears. A loan is in arrears when principal or interest payments [...]
Indian sugar mills are not signing further export contracts in the ongoing 2021-22 marketing year due to a fall in global prices to below 20 cents per pound level, industry body ISMA said on Thursday. Indian Sugar Mills Association is the premier sugar organization in India. It establishes a connection between Government and Sugar industry. [...]
Leading FMCG firm Hindustan Unilever Limited (HUL) on Thursday said it has switched to green fuel alternatives such as biomass and biodiesel and has eliminated the usage of coal across its operations. For this purpose, the company has collaborated with biomass suppliers and local farmers to ensure a sustainable supply of green fuel and has [...]
Markets regulator SEBI has directed debenture trustees (DTs) to disclose investors charter and data on complaints they received on their websites. The new guidelines will come into effect from January 1, 2022, the Securities and Exchange Board of India (SEBI) said in a circular. The debenture Trustee is a liaison between the issuer company and [...]
