Mumbai, Feb 24 (PTI) Mahindra & Mahindra Financial Services Limited (Mahindra Finance) on Thursday said it is planning to increase the number of branches of its Sri Lankan subsidiary Mahindra Ideal Finance Ltd (MIFL) to around 100 over the next three years from 17 at present. In July 2021, Mahindra Finance had increased its stake [...]
New Delhi, Feb 24 (PTI) Auto component major Bharat Forge on Thursday said it will acquire JS Autocast Foundry India. The company, along with its subsidiary, BF Industrial Solutions, has entered into a definitive agreement to acquire JS Autocast Foundry India (JS Auto), the company said in a statement. Established in 2004, JS Auto is [...]
New Delhi, Feb 24 (PTI) Electric three-wheeler start-up Euler Motors on Thursday said it plans to invest Rs 200 crore in the next 12 months to ramp up its production capacity. The Delhi-based company plans to increase its production capacity to 3,000 vehicles units per month by mid-2022. The company currently operates out of its [...]
New Delhi, Feb 24 (PTI) Hero Electric on Thursday said it has joined hands with IDFC FIRST Bank for vehicle finance. The collaboration allows Hero Electric customers to avail an instant loan on KYC with low processing fees and down payment. "This partnership with IDFC FIRST Bank will further our penetration to newer markets to [...]
New Delhi, Feb 24 (PTI) National Highways Authority of India (NHAI) member Manoj Kumar on Thursday said a huge market is available for surety bonds in the country and now, the onus is on the insurance fraternity to come out with products quickly. Addressing an event organised by industry body Assocham, Kumar further said the [...]
New Delhi, Feb 24 (PTI) German Luxury carmaker BMW on Thursday said it has launched the all-electric MINI 3-Door Cooper SE in India priced at Rs 47.2 lakh (ex-showroom). Available as a completely built-up unit (CBU), all units of the first lot were sold out during the pre-launch booking in Q4 2021. MINI India will [...]
Mumbai, Feb 24 (PTI) Global banking group Standard Chartered on Thursday said it has partnered with the International Air Transport Association (IATA) to launch a payment platform for airline industry in India. In addition to existing payment options such as credit cards, IATA Pay will be a new payment option that enables participating airlines to [...]
Amid the military offensive by Russia against Ukraine, Indian pharma exporters are in wait and watch mode on dispatching fresh orders to them and some of the CIS countries, industry sources said on Thursday. India exported over USD 181 million worth of pharmaceutical goods to Ukraine in FY 21, nearly 44 per cent growth over [...]
New Delhi, Feb 24 (PTI) Coal Minister Pralhad Joshi has urged state-owned Coal India Ltd (CIL) to achieve production targets for the current as well as next financial year. Joshi said that together with introduction of latest IT-enabled technologies and overall approach towards implementing the same in a sustained and efficient manner is the key [...]
