Capital markets regulator SEBI imposed a penalty of Rs 10 lakh on Eicher Motors on Wednesday for failing to exercise due diligence in a case pertaining to issuance of duplicate shares or new certificates. The company has been directed to pay the fine within 45 days, according to a an order issued by the Securities [...]
Travel tech firm OYO on Wednesday said it has added more than 1,250 corporate clients in the last three months, indicating that business travel in India may be rebounding post lifting of COVID-induced travel restrictions. The recovery is led by small and medium enterprises, traditional business houses and conglomerates, startups, travel management companies and film [...]
Hero Electric on Wednesday said it has expanded its partnership with Zypp Electric to support the growth of the logistics and delivery segment. Under the partnership, Hero Electric will be deploying 1.5 lakh electric scooters for Zypp Electric’s fleet in the next three years. "We are standing today in the midst of a green revolution [...]
The Department of Investment and Public Asset Management (DIPAM) said that the government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL following multiple waves of COVID-19 and the geopolitical crisis between Russia and Ukraine that affected the oil and gas industry amongst others. This happened after [...]
Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive entry-level [...]
IKEA India (part of the Ingka Group), Swedish home furnishings retailer, said on Tuesday it will launch its first store in the city, on June 22. The large-format store will be connected to the Nagasandra metro station, it said in a statement. IKEA India also announced Anje Heim as the Market Manager for the Karnataka [...]
State-owned SAIL on Monday said it has filed a complaint with the cyber cell of Delhi police over the circulation of several fake links in the name of steel major on various social media platforms. "It has come to our notice that multiple fake messages and links in the name of SAIL are being circulated [...]
Luxury carmaker Mercedes-Benz India on Monday said it has appointed Vyankatesh Kulkarni as the Executive Director and Head of Operations, effective June 1, 2022. Kulkarni will be responsible for the production and procurement-related functions, including the company's transformation journey into electrification, digitisation and technology-driven smart manufacturing prowess of the future. "Kulkarni has successfully handled many [...]
Axis Asset Management has said that it is cooperating with regulatory authorities amid reports of Sebi carrying out 'search and seizure' at several entities in connection with an ongoing probe in the front-running case at the fund house. "Axis AMC has been conducting a Suo moto investigation since February 2022, with assistance from reputed external [...]
Hero Electric on Monday said it has joined hands with Cholamandalam Investment and Finance Company to offer retail finance for electric two-wheelers. The partnership will enable the company to cater to newer markets with Chola's widespread presence across the country, the electric two-wheeler maker said in a statement. "The fluctuating market scenario and increased preference [...]
