Mumbai, Apr 13 (PTI) With the Reserve Bank of India prioritising inflation over growth, the repo rate is likely to be hiked by at least 25 basis points in June, SBI's Ecowrap report said on Wednesday. In its monetary policy announced last week, the RBI had left the repo rate unchanged at 4 per cent. [...]
Washington, Apr 13 (PTI) Russia's war in Ukraine is likely to result in a significant 1.3 per cent lower GDP growth for India and 2.3 percentage point lower income growth, a top World Bank official has said, even as the lending agency observed that India is emerging strongly from the COVID-19 crisis.Hans Timmer, World Bank [...]
Lenders of debt-ridden Reliance Capital Ltd (RFL) have decided upon the Request for Resolution Plan (RFRP) document and it will be placed before them for final approval next week. The RFRP document sets the guidelines for the submission and evaluation of the resolution plan and is shared with all the companies which have submitted Expression [...]
Chennai, Apr 13 (PTI) Air conditioning and commercial refrigeration major Blue Star Ltd has set up a new manufacturing facility at Wada in Maharashtra at a cost of Rs 130 crore doubling the production capacity of deep freezers, a top company official said on Wednesday. The facility to produce deep freezers and water coolers, was [...]
Adani Green Energy on Wednesday became the eighth most valued firm in the country with a market valuation of Rs 4.48 lakh crore after overtaking Bajaj Finance and HDFC. The company had on Monday entered the list of top-10 valued firms. Adani Green Energy commanded a market valuation of Rs 4,48,050.99 crore on BSE to [...]
New Delhi, Apr 13 (PTI) Global hospitality chain Hyatt Hotels Corporation is expected to have up to 90 hotels in India in the next five years as it seeks to tap the country's potential of leisure and hospitality, according to the company's Group President Peter Fulton. The company, which on Wednesday opened its third Hyatt [...]
New Delhi, Apr 13 (PTI) The Delhi High Court Wednesday observed that the court is not a platform to propagate any religion and asked lawyers to desist from taking names of any religion.The court made the point clear while hearing a batch of pleas by several account holders challenging their suspension and deletion by the [...]
New Delhi, Apr 13 (PTI) Mufin Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles(EVs) market. This comes after Mufin Finance acquired Rupee Circle, a P2P (peer-to-peer) non-banking financial company, in June 2021. [...]
New Delhi, Apr 13 (PTI) German luxury carmaker Mercedes-Benz on Wednesday announced the opening of bookings for the upcoming new version of its popular sedan C-Class in India. The new C-Class will be launched on May 10. An exclusive booking window, only for the existing customers of Mercedes-Benz, is open from April 13-30 and booking [...]
New Delhi, Apr 13 (PTI) Equity firm TPG Capital-backed wires and cables manufacturer RR Kabel on Wednesday said it has acquired Luminous Power's home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel’s consumer electrical goods business, which has a portfolio of fans, lights and appliances, company's Managing Director [...]
