Country's largest lender State Bank of India on Tuesday announced a hike of 40-90 basis points in the interest rates on several bulk term deposits. The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said. While interest rate on deposits maturing between 7 [...]
State-owned Bank of Baroda (BoB) on Tuesday announced an increase in its lending rate by up to 10 basis points (0.1 per cent), joining its peers that have raised rates after the surprise tightening of monetary policy by the RBI last week. The bank has hiked the marginal cost of funds based lending rate (MCLR) [...]
Cab aggregators, including Ola and Uber, have been warned of strict action unless they improve their systems and redress rising consumer complaints, a senior government official said on Tuesday. The government held a meeting on Tuesday with the ride-hailing platforms amid a rise in consumer complaints of alleged unfair trade practices by them, including ride [...]
MUMBAI, India, May 10, 2022 /PRNewswire/ -- Black Box Limited (formerly AGC Networks Ltd), (BSE: BBOX) and (NSE: BBOX), a trusted IT solutions provider today announced that its partnership with Juniper Networks, a leader in secure, AI-driven networks, has been elevated to the highest level of their partner Juniper Partner Advantage Program 2022 - Elite [...]
Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offers and rights issues. Now InvITs are required to pay non-refundable filing fees of 0.1 per cent in case of initial offer and 0.05 per cent in case of rights [...]
FMCG major Procter & Gamble (P&G) on Tuesday announced new commitments as part of its efforts to strengthen equality and inclusion in India and increased the total spending to support women-led businesses to Rs 500 crore by 2025. Last year, P&G India - which owns power brands including Ariel, Tide, Whisper, Gillette, Oral B, head [...]
Home construction and renovation app Kolo on Tuesday said it has raised USD 4 million from global venture capital firm RTP Global and existing investor Better Capital. The new investment will help fuel the company's continued growth, enhance the consumer side product offerings, including the content-recommendation engine, the community offering, digital portfolio and tools for [...]
\Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw back former founder Ashneer Grover's restricted shares in the firm. The steps have been taken by the company's board following a detailed corporate governance review against the backdrop [...]
Electric two-wheeler maker Hero Electric on Tuesday said it has partnered with roadside assistance firm ReadyAssist to provide service support and annual maintenance to its B2B customers. The initiative will improve business for B2B customers by increasing the uptime of customer e-Bikes and providing quick and efficient service support to fleets deployed in last-mile delivery, [...]
Sun Pharma on Tuesday said the US health regulator has issued a 'Form 483' with ten observations after inspecting its Halol-based manufacturing plant in Gujarat. As per USFDA, a Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that in its judgment may [...]
