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Rs 11,276 cr loss due to less water injection by ONGC: CAG

New Delhi, Mar 24 (PTI) India lost 3.8 million tonnes of crude oil worth Rs 11,276 crore in four years due to less than planned water injection by ONGC in its western offshore fields, the Comptroller and Auditor General of India (CAG) said. Oil and Natural Gas Corporation's (ONGC) aging Mumbai High, Neelam and Heera [...]

De Panache’s Survey Finds out the Creative Ways to Dazzle New Homeowners

Bangalore, Karnataka, India – Business Wire India De Panache surveyed to find out what makes the best interiors in Bangalore and found out using natural materials like natural stones wood with beautiful wall cladding imported from all over the world makes all the difference in having a truly unique designer home. An experienced interior designer [...]

Welspun India forays into mattress business

New Delhi, Mar 24 (PTI) Home textiles major Welspun India on Thursday announced its foray into the mattress category under its home linen brand SPACES. The company said it has launched 'SPACES Matchress' with a variety of offerings on the back of extensive market research as an extension of its home wellness offerings. Manjari Upadhye, [...]

Docked cargo vessel capsizes partly in Kolkata

Kolkata, Mar 24 (PTI) A vessel loaded with 165 containers partly capsized at Netaji Subhas Dock of the Kolkata port on Thursday, an official said. No casualty was reported in the incident, though a number of containers have sunk. The matter is being investigated. The vessel, M/V Marine Trust 1, was scheduled to travel to [...]

Knight Aerospace, Rossell Techsys to provide solutions for cargo aircraft conversion

Mumbai, Mar 24 (PTI) Knight Aerospace and Rossell Techsys have partnered to provide quick-change, roll-on roll-off palletised solutions for cargo aircraft conversion, a release said on Thursday. The cargo conversion systems consist of VIP/economy seating, bio-medical containment modules, patient airlift, airborne critical care, and various additional systems. Rossell Techsys, the aerospace and defense division of [...]

Federal Bank, RBIH partner to advance digital financial inclusion for women

Mumbai, Mar 24 (PTI) Private sector lender Federal Bank has teamed up with Reserve Bank Innovation Hub, a subsidiary of the central bank, as scale up partner for the second phase of Swanari TechSprint programme.The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender [...]

IIFL Home Fin ties-up with SBI for affordable housing loans under co-lending model

New Delhi, Mar 24 (PTI) IIFL Home Fin has entered into a strategic co-lending partnership with State Bank of India to accelerate effective and affordable credit to small home buyers in the country. IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans. "This is SBI’s [...]

Khadi sales touch Rs 3,030 cr till Dec 2021

New Delhi, Mar 24 (PTI) Khadi sales stood at Rs 3,030 crore as of December 31, 2021, against Rs 3,527.71 crore in FY21, Parliament was informed on Thursday.In a written reply to the Lok Sabha, Minister of State for MSME Bhanu Pratap Singh Verma said the ministry has taken several steps to boost the sale [...]

Mukunda Foods raises USD 5 mn from Zomato, others

New Delhi, Mar 24 (PTI) Food robotics and automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato. The fresh round of funding takes the company's post-money valuation to USD 30 million, Mukunda Foods said in a statement. The company further said [...]

Netcore acquires 90% stake in US-based Unbxd for USD 100 mn, plans IPO in a year

New Delhi, Mar 24 (PTI) Software-as-a-service firm Netcore has acquired 90 per cent stake in artificial intelligence-based product discovery platform Unbxd for USD 100 million to enhance its customer experience technology solutions, a senior company official said on Thursday. Netcore Cloud group CEO Kalpit Jain told PTI that the company is looking to come up [...]
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