PNB Housing Finance on Tuesday said its board has approved raising up to Rs 2,000 crore by issuing bonds on a private placement basis. The housing finance company, promoted by the city-headquartered Punjab National Bank (PNB), was looking to raise equity capital worth Rs 4,000 crore and struck a deal with joint-venture partner Carlyle Group, [...]
IT services company Wipro Ltd on Tuesday said it expects to ramp up employee count in Norway to 350 in the next two years, and is increasing investment there locally to help clients capitalise on digital transformation. With increased local investment, Wipro is positioning itself as a core part of the business ecosystem in Norway, [...]
Competition Commission of India on Tuesday said it has approved the proposed acquisition of the entire shareholding of AirAsia India Ltd by Air India Ltd. The proposed combination envisages the acquisition of the entire equity share capital of AirAsia (India) Pvt Ltd by Air India Ltd (AIL), an indirect wholly-owned subsidiary of Tata Sons Pvt [...]
Tata Technologies, a global engineering and product development digital services company has signed a memorandum of understanding with the Tamil Nadu government to transform industrial training institutes into technology centres. The collaboration with the state government is an extension of Tata Technologies' continued efforts to implement projects of high social impact and complement nation building [...]
Bajaj Auto on Tuesday said Shekhar Bajaj has tendered his resignation as a non-executive director of the company due to health reasons. The resignation is with effect from June 30, 2022, the company said in a regulatory filing. Shekhar Bajaj is the chairman and managing director of Bajaj Electricals since 1994. PTI
Shriram City Union Finance on Tuesday said it will raise up to Rs 300 crore by issuing debt securities on a private placement basis. The banking and securities management committee of the company at its meeting held on June 14 has approved issuance of principal-protected market-linked non-convertible debentures (PP-MLD) for an amount of Rs 50 [...]
The stock of Bajaj Auto on Tuesday declined by 5 per cent after the company said its board has deferred a decision on its proposed share buyback. Shares of the company tanked 5.06 per cent to settle at Rs 3,684.40 apiece on the BSE. During the day, it tumbled 7.13 per cent to Rs 3,603.75. [...]
LIC has increased its stake in non-banking finance company Capri Global Capital, to over 7 per cent from 5 per cent earlier, during the February-June period with an investment of over Rs 221 crore, the state-owned insurer said on Tuesday. LIC's shareholding in Capri Global Capital has increased from 88,58,348 equity shares to 1,24,00,000 equity [...]
Zydus Lifesciences on Tuesday said its chairman Pankaj R Patel has been appointed as a part time non-official director in the central board of the Reserve Bank of India (RBl). The Appointments Committee of the Cabinet (ACC) has approved the proposal of appointment of Patel for a period of four years from the date of [...]
Direct-to-consumer firm Mensa Brands on Tuesday said it has acquired the wearables brand Pebble for an undisclosed sum, marking its foray into the smart wearables segment. This will strengthen Pebble's online footprint and amplify its marketing and branding efforts to become a household digital brand, Mensa Brands said in a statement. "In the fast growing [...]
