Canada Pension Plan and Investment Board (CPPIB) on Thursday sold four crore shares of Kotak Mahindra Bank worth around Rs 6,800 crore through an open market transaction. According to bulk deal data on BSE, the investment board sold the shares at an average price of Rs 1,700.10 apiece. The deal is valued at about Rs [...]
Markets regulator Sebi on Thursday imposed a fine of Rs 5 lakh on Axis Bank for violation of merchant banker regulations. Axis Bank is registered as a merchant banker with the Securities and Exchange Board of India (Sebi). The regulator had conducted an examination of the debt capital market operations of Axis Bank during the [...]
Johannesburg, Mar 24 (PTI) South Africa on Thursday secured investment pledges of nearly USD 23 billion from international and domestic investors. The pledges were made at the concluding day of the fourth edition of the South Africa investment Conference hosted by President Cyril Ramaphosa. “Four years ago, we set ourselves an ambitious target of raising [...]
New Delhi, Mar 24 (PTI) Public sector lender Punjab National Bank on Thursday said it has acquired nearly 6 per cent stake in public digital e-commerce platform ONDC for Rs 10 crore. Open Network for Digital Commerce (ONDC) is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects [...]
New Delhi, Mar 24 (PTI) Union Food Minister Piyush Goyal on Thursday assured that the Centre will procure excess stocks of raw rice from Telangana as per the quality specified by the Food Corporation of India. The assurance came from Goyal after a delegation of TRS leaders met Goyal in Parliament over the issue of [...]
New Delhi, Mar 24 (PTI) Ola co-founder Bhavish Aggarwal on Thursday expressed the hope to make India a global hub for electric vehicles and cell technology, with the company being selected for the government's production-linked incentive scheme for the manufacturing of advanced chemistry cell battery storage. The heavy industries ministry has named Ola Electric and [...]
New Delhi, Mar 24 (PTI) D2C ayurvedic brand The Ayurveda Company on Thursday announced raising USD 3 million (Rs 22.89 crore) from a host of investors, including Wipro Consumer Care Ventures. Rahul Gupta of Tricity Technologies and Harsh Gupta of School of Design & Entrepreneurship also participated in the funding round. "This will accelerate the [...]
New Delhi, Mar 24 (PTI) Buoyed by the government's PLI scheme, exports of mobile phones from India are expected to cross Rs 43,500 crore during the current financial year ending March 31, 2022, according to the industry body India Cellular and Electronics Association. ICEA said exports of mobile phones from India have already jumped about [...]
Jammu, Mar 24 (PTI) Lieutenant Governor Manoj Sinha on Thursday unveiled Rs 34,829 crore potential linked credit plan of National Bank for Agriculture and Rural Development (NABARD) for the union territory, officials said. Sinha said that credit plan will meet aspirations of the ural population, bridge gaps in rural infrastructure and strengthen co-operative credit systems [...]
