Japanese lender JICA has teamed up with Citibank to provide a USD 125 million funding line to domestic private sector lender Indusind Bank. Indusind will be utilising the co-finance funding for onlending to the agricultural sector in the country, as per an official statement issued on Tuesday. The funding includes a JPY 13 billion (approx [...]
Homegrown Jakson Green on Tuesday said it has bagged renewable energy projects totaling 1 GW of capacity in the domestic as well as international markets. The projects are to be set up through engineering, procurement and construction (EPC) mode for the customers in India, Africa and Middle East regions, Jakson Green said in a statement. [...]
German automaker Audi on Tuesday said it will increase the price of Q3 and Q3 Sportback by up to 1.6 per cent with effect from May 1, in order to offset the impact of increase in customs duty and input costs. The company has already increased the price of Q8 Celebration, RS5 and S5 by [...]
IRB Infrastructure Developers has reported a 20.64 per cent rise in revenues from its toll collection business at Rs 369.9 crore in March 2023. During the same month last year, "the toll revenue from the subsidiaries and joint venture entities of the company was at Rs 306.6 crore," IRB Infrastructure Developers said in a regulatory [...]
Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country. Addressing a business roundtable organized by US India Business Council, with representatives of top US companies, the finance minister said India, under the current government, is creating opportunities for [...]
Air India on Monday said it has completed modernisation of its Enterprise Resource Planning (ERP) system that will bring improvements in various functions. According to a release, the airline has completed its ERP modernisation programme ahead of schedule by migrating from an on-premise legacy mainframe system to SAP Cloud, laying a strong foundation for its [...]
Frigidaire, a US-based consumer electronics manufacturer, has entered the Indian market in partnership with Ossify, a homegrown consumer electronics brand. Part of Electrolux group, Frigidaire has ventured into the Indian market with its range of home appliances in segments such as air conditioners, washing machines, refrigerators, freezers, etc. Frigidaire, an over 100 years old company, [...]
Union Minister for Transport and Highways Nitin Gadkari on Monday said the dream of having a highway from Kashmir to Kanyakumari will be realised by the beginning of the next year. "Kashmir to Kanyakumari road was a dream for us. From Rohtang to Ladakh, four tunnels will be constructed. From Leh, we will come to [...]
State-owned Punjab & Sind Bank on Monday announced the opening of 25 new branches across the country. With the opening of the new branches, the bank has now a total of 1,553 branches pan-India, Punjab & Sind Bank said in a statement. Considering the geographical spread, these 25 branches were inaugurated virtually from the bank's [...]
L&T Mutual Fund ceases to exist as a mutual fund, capital markets regulator Sebi said on Monday. This comes after L&T Mutual Fund Trustee Ltd had informed Sebi that it wanted to surrender the registration granted to L&T Mutual Fund (L&T MF) by the markets regulator pursuant to the approval of change in control of [...]
