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Walmart Foundation to support 1 mn small farmers in India over next 5 yrs; announces grants worth USD 3.53 mn

Walmart Foundation to support 1 mn small farmers in India over next 5 yrs; announces grants worth USD 3.53 mn

Walmart Foundation on Wednesday announced its plan to support an additional 1 million smallholder farmers in India, with at least 50 per cent women, in the next five years. The foundation also announced two new grants, which include USD 3 million to TechnoServe for reaching out to 30,000 farmers and 24 farmer producer organisations (FPOs) [...]
PFC to get Rs 165 cr loan from Japan’s JBIC

PFC to get Rs 165 cr loan from Japan’s JBIC

Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore. Under this facility, JBIC has proposed to finance some of PFC's projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment. This pact [...]
IOC to invest Rs 61,077 cr in petchem complex at Paradip

IOC to invest Rs 61,077 cr in petchem complex at Paradip

India's top oil company IOC will invest Rs 61,077 crore in building a petrochemical complex at Paradip in Odisha - its largest ever investment at a single location - as it doubles down on its transition plan. In a statement, Indian Oil Corporation (IOC) said its board has given "Stage-1 approval for setting up Paradip [...]
Axis aims to raise Rs 50 cr from new ETF fund of funds

Axis aims to raise Rs 50 cr from new ETF fund of funds

Axis Mutual Fund, the seventh largest fund house, is looking to raise at least Rs 50 crore from a new fund offer during the primary subscription period of March 22-April 5. The open-ended S&P 500 ETF fund of funds will invest in exchange-traded funds replicating the S&P 500 index. Vinayak Jayanath will be managing the [...]
Kiri Industries hopes Singapore court order to push its stake-sale deal with China-linked partner

Kiri Industries hopes Singapore court order to push its stake-sale deal with China-linked partner

Indian dye company Kiri Industries has expressed full confidence in the Singapore International Commercial Court's (SICC) decision and hopes its China-linked partner would honour the "final outcome" of an 8-year old dispute. Kiri, a minority shareholder in Dystar, initiated a legal battle in 2015 against Senda, a subsidiary of China's largest dye firm Longsheng and [...]
Hero MotoCorp to hike prices by up to 2% from April

Hero MotoCorp to hike prices by up to 2% from April

Hero MotoCorp on Wednesday said it will increase prices of its model range by around 2 per cent from next month in order to offset the impact of rise in production cost in order to conform to stricter emission norms. The company will make an upward revision in the ex-showroom prices of its select motorcycles [...]
Bosch appoints Guruprasad Mudlapur as its Managing Director

Bosch appoints Guruprasad Mudlapur as its Managing Director

Auto components major Bosch Ltd on Wednesday announced leadership changes with Guruprasad Mudlapur appointed as its Managing Director, and President of the Bosch Group in India with effect from July 1, 2023. He will succeed Soumitra Bhattacharya who will be retiring from Bosch India effective June 30, 2023, after 28 years of service in various [...]
Ratan Kumar Kesh appointed ED of Bandhan Bank

Ratan Kumar Kesh appointed ED of Bandhan Bank

Private lender Bandhan Bank on Wednesday announced the appointment of Ratan Kumar Kesh as its executive director. The bank said in a statement that pursuant to the recommendation of the board, RBI has granted approval of Kesh as ED. The appointment will be effective from March 31, 2023, for a period of three years subject [...]