Automobile after-sales service startup GoMechanic co-founder Amit Bhasin on Wednesday admitted to errors in financial reporting, following which a forensic audit has been ordered and a business restructuring undertaken which will see 70 per cent of the 1,000-odd workforce being laid off. Nearly two years after it raised a mammoth USD 42 million in funding, [...]
360 ONE (earlier known as IIFL Wealth & Asset Management) on Wednesday said it has completed the acquisition of controlling stake in early-stage venture investments platform Mumbai Angels. Mumbai Angels, one of the leading players in the early-stage investment space, will now be looking at deals with a deeper penetration in the early-stage startup pool, [...]
Homegrown Salasar Techno Engineering Ltd (STEL) on Wednesday said it has secured a Rs 143 crore contract from the Nepal government. "The order is for procurement of materials, associated accessories and necessary installation services including design and commissioning of 33/11 KV substations and 33 KV, 11 KV, 400 V lines and distribution systems networks," the [...]
Uttar Pradesh has received investment commitments of about Rs 2 lakh crore in the solar energy and related sectors, state energy minister A K Sharma said. UP has launched 'Uttar Pradesh Solar Energy Policy 2022' which aims to set up 22 gigawatt (GW) of green energy projects by 2027 in the state, Sharma told PTI [...]
As many as 4 in 5 Indian professionals are considering job change this year and are keen on switching to roles that offer the right wage, and allows for appreciable work-life balance and flexibility, says a report. According to LinkedIn's economic graph data, hiring level in India was 23 per cent slower in December 2022 [...]
Heavy commercial vehicle maker Ashok Leyland has bagged an order from the Sri Lankan Transport Board to supply 500 buses. Sri Lanka Transport Board is the state owned single largest bus transport provider with 110 depots throughout the island nation and operates buses in city routes, hilly and rural routes and also in long distance [...]
Equity benchmarks climbed in initial trade on Wednesday, extending their previous day's rally, amid buying in index heavyweight HDFC twins and foreign funds inflow. The 30-share BSE benchmark Sensex climbed 107.28 points to 60,763. The broader NSE Nifty went up by 37.25 points to 18,090.55. From the Sensex pack, Tata Steel, Wipro, HDFC Bank, HCL [...]
Mumbai, Jan 17 (PTI) Torrent Investment on Tuesday urged the National Company Law Tribunal (NCLT) to quash the lenders' plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Darius Khambata, representing Torrent Investments, in a plea said the Committee of Creditors have been saying that the 'challenge mechanism' or [...]
Punjab Agriculture Minister Kuldeep Singh Dhaliwal on Tuesday said he has constituted an 11-member committee of agriculture experts for framing a new agricultural policy. Dhaliwal said the new agricultural policy will be ready by March 31. The Punjab government has been making continuous efforts to improve welfare of the farmers and the agricultural system of [...]
The Himachal Pradesh State Pollution Control Board (HPSPCB) has issued show cause notices under the Air (Prevention & Control of Pollution) Act, 1981 to Ultratech Cement Plant, Baga in Solan district for allegedly violating anti-pollution norms. "The results of stack emission monitoring of the unit of Ultratech Cement Plant, Baga conducted last year did not [...]
