Integrated fund and development management platform Welspun One on Wednesday said it will set an in-city warehousing facility in Thane with an outlay of around Rs 600 crore. The facility is strategically located in close proximity to the prime eastern suburbs of Thane and Mulund and the eastern express highway, as per the company. This [...]
A group representing the interests of businesses and investors has been formed by four listed real estate investment trusts. Real Estate Investment Trusts (REITs) will continue to flourish as a result of the efforts of the Indian REITs Association, a nonprofit organization established with the assistance of the Securities and Exchange Board of India (Sebi) [...]
In order to co-finance renewable energy projects, state-owned IREDA has partnered with public sector lenders Union Bank of India and Bank of Baroda. IREDA, a non-banking financial entity operating under the Ministry of New and Renewable Energy, provides funding for the establishment of projects involving new and renewable energy sources as well as energy efficiency/conservation. [...]
In order to improve scalability and agility, the public sector Indian Bank has partnered with Nasdaq-listed IBM to develop infrastructure that is future-ready. The city-based bank's 'Project Paradise' plan called for consolidating its front branch servers at data centres and disaster recovery facilities for greater manageability and availability. Project Paradise initiative of the Indian Bank [...]
On Tuesday, shares of Vishnu Prakash R Punglia Ltd. made an impressive market debut and concluded the day with a premium of more than 47 per cent over the Rs. 99 issue price. The company is into Engineering, Procurement, and Construction (EPC) works. The shares opened for trading at Rs 163.30, up 64.94 per cent [...]
The Financial Stability Board (FSB), located in Switzerland, issued a warning on Tuesday ahead of the G20 Summit here that rising interest rates and a declining growth forecast could make it more difficult for borrowers to pay down historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to [...]
Sreeram Venkateswaran has hired as President and Chief Business Officer for domestic sales and customer service by Daimler India Commercial Vehicles (DICV), the company announced on Tuesday. DICV said in a statement that Venkateswaran will be responsible for driving domestic business growth, nurturing strategic partnerships, expanding the BharatBenz sales and service network among others, In [...]
Mahindra & Mahindra announced on Tuesday that it will partner with Star Sports as an associate sponsor for the ICC Cricket World Cup, which begins in a month. Mahindra & Mahindra (M&M) said in a statement the as the broadcast associate sponsor for Star Sports and co-powered sponsor for Disney+Hotstar during the ICC Men's Cricket [...]
On Tuesday officials said that the CBI has detained an executive director of GAIL in connection with an alleged Rs 50 lakh bribery case in which money was exchanged to favour a few contractors working on gas pipeline projects. Along with Executive Director (Projects) K B Singh of GAIL, four others have also been arrested, [...]
Samhi Hotels and Jaipur-based retail jewelry company Motisons Jewellers have received capital markets regulator SEBI's go-ahead to raise funds through an initial public offering. The two firms had re-filed their preliminary papers with SEBI in March this year, and obtained its observation letters during August 28-31, an update with SEBI showed on Tuesday. In SEBI's [...]
