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Tata Motors commences bookings for Altroz DCA

New Delhi, Mar 2 (PTI) Tata Motors on Wednesday said it has commenced bookings for the Altroz DCA, the dual-clutch automatic version of the premium hatchback. The bookings for Altroz DCA can be done at all authorised dealerships of the company with an amount of Rs 21,000 and deliveries for the same will start from [...]

Edelweiss Housing, Stan-C enter into co-lending partnership to cater to MSME borrowers

New Delhi, Mar 2 (PTI) Edelweiss Housing Finance (EHFL) has entered into a co-lending partnership with Standard Chartered Bank, under which they will jointly service loans against property to customers in 20:80 ratio. Announcing the tie-up, the Edelweiss group's housing finance arm said the co-lending arrangement is specially targeted towards micro, small and medium enterprises [...]

Investors’ wealth tumbles Rs 86,742 cr as stocks plunge

New Delhi, Mar 2 (PTI) Investors' wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine. The BSE benchmark Sensex slumped 1,227.18 points to 55,020.10 during the day in line with a global selloff. It finally settled at 55,468.90, lower by 778.38 points or [...]

President Biden appeals for big cash infusion to US semiconductor industry

Washington, Mar 2 (PTI) President Joe Biden has appealed for a big cash infusion to America's semiconductor industry amid an acute chip shortage, including in India, and fears that China might overtake the US in this critical technology.Semiconductor chips function as the brains of cars, medical equipment, household appliances and electronic devices.In January, President Biden [...]

Union Bank raises Rs 1,500 cr by issuing bonds

New Delhi, Mar 2 (PTI) Union Bank has raised Rs 1,500 crore by issuing Basel III compliant bonds to investors.The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore.The bonds are eligible for inclusion in the tier-I capital [...]

Govt needs to rework solar pumps’ pricing under PM-KUSUM for wider coverage: Shakti Pumps CMD

New Delhi, Mar 2 (PTI) The government needs to rework the pricing policy of solar-powered irrigation pumps for wider implementation of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Shakti Pumps Chairman and Managing Director Dinesh Patidar said on Wednesday. The solution to this problem is to either bid at commercial rate or [...]

WardWizard Innovations sales jump over 13-fold in Feb

New Delhi, Mar 2 (PTI) WardWizard Innovations and Mobility -- which sells a range of electric two-wheelers under the Joy e-bike brand -- on Wednesday said it has sold 4,450 units in February.The company had sold 320 vehicles in the same month of the last year.The Gujarat-based EV maker said the dispatches last month were [...]
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