Mumbai, Jan 27 (PTI) Mortgage lender LIC Housing Finance (LICHFL) on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period [...]
New Delhi, Jan 27 (PTI) Debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company Limited (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts.Besides, Generali has also acquired an [...]
A First Information Report (FIR) was registered here against Google, its CEO Sundar Pichai and seven others over a complaint filed by a film producer under the copyright act, Mumbai police said on Wednesday. The search engine giant said in its reaction that it has a set mechanism which copyright owners can use to protect [...]
New Delhi, Jan 26 (PTI) Edible oil major Adani Wilmar will on Thursday hit the capital market to raise up to Rs 3,600 crore through its Initial Public Offer (IPO). The proceeds of the public issue will be used to fund capital expenditure, reduce debt and for acquisitions as the company seeks to become India's [...]
New Delhi, Jan 26 (PTI) The government has valued the 30 per cent stake of state-run TCIL in Bharti Hexacom at around Rs 8,900 crore, based on a formula suggested by SBI Capital Markets, an official source said. Bharti Airtel holds 70 per cent stake in Bharti Hexacom, which provides telecom services in Rajasthan and [...]
Mumbai, Jan 26 (PTI) A First Information Report (FIR) has been registered here on court orders against Google, its CEO Sunder Pichai and five other employees of the company in an alleged copyright violation case, city police said on Wednesday.The search engine giant said in its reaction that it has a set mechanism which copyright [...]
New Delhi, Jan 26 (PTI) o9 Solutions on Wednesday said it has received equity investments totalling USD 295 million from General Atlantic, including its climate investing venture BeyondNetZero, Generation Investment Management and existing investor KKR, valuing the enterprise AI software platform at USD 2.7 billion. This marks an increase from the USD 1 billion valuation [...]
Indore, Jan 26 (PTI) With an aim to boost start-ups in Madhya Pradesh, the state government will soon unveil a policy, including a venture capital fund, to promote innovative business ideas, Chief Minister Shivraj Singh Chouhan said on Wednesday. "If we want to turn India into a 5,000-billion-dollar economy, then we will have to encourage [...]
New Delhi, Jan 26 (PTI) Essar group on Wednesday announced a new joint venture with Progressive Energy to build the UK's largest hydrogen hub at the Stanlow manufacturing complex at an investment of 1 billion pounds. "Led by Essar as the majority shareholder, Vertex Hydrogen has been formed to provide the catalyst for development of [...]
Mumbai, Jan 26 (PTI) Kinetic Green Energy & Power Solutions, which has partnered with Chinese EV major Aima Technology Group to co-design and develop electric two-wheelers for the Indian market, plans to invest around Rs 80-100 crore on the project, which entails three new models this year itself, its founder-CEO Sulajja Firodia Motwani has said. [...]
