Reliance Industries on Saturday said its Rs 24,713-crore deal to acquire Future Group's assets cannot be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal. In a regulatory filing, Reliance said Future Group companies comprising Future Retail Limited (FRL) and other listed companies involved in the scheme have intimated the results [...]
Kolkata, Apr 23 (PTI) Digital marketing agency Startup Voyager will pump £2.2 million into its newly launched UK-based travel site ExperiWise for its business expansion over the next two years. The investment is a part of the new £1 billion UK-India trade deals that were announced by British Prime Minister Boris Johnson on April 21 [...]
The Enforcement Directorate (ED) has alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan siphoned off funds worth Rs 5,050 crore through suspicious transactions. The ED said this in its second supplementary (third overall) charge sheet filed in special court here recently against Rana Kapoor, his [...]
Mumbai, Apr 23 (PTI) Tata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect. Tata Motors has increased prices across its passenger vehicles to partially offset the rise in input cost, the company said in a statement. Effective April 23, the weighted [...]
Tata group firm Tejas Networks chairman Balakrishnan V has resigned from his position, the company said in a regulatory filing on Friday. The board of Tejas Network has approved the appointment of TCS chief operating officer and executive director N Ganapathy Subramaniam as non-executive chairman with effect from May 18. "Mr Balakrishnan V has submitted [...]
New Delhi, Apr 22 (PTI) Niti Aayog Vice Chairman Rajiv Kumar has stepped down, sources said. The reason behind his move could not be immediately ascertained. Kumar, an eminent economist, took over as vice chairman of Niti Aayog in August 2017 after the then VC Arvind Panagariya exited the government think-tank to return to academics. [...]
Mumbai, Apr 22 (PTI) Despite uncertainties arising out of global and domestic events, India's fundamentals are strong and its growth story is very much intact, ITC Ltd Chairman and Managing Director Sanjiv Puri said on Friday. He, however, said the rise in inflation is a concern, which has affected the demand. "No doubt that we [...]
Chennai, Apr 22 (PTI) Auto major Tata Motors on Friday gave away 101 electric vehicles to customers, hitting the milestone of the highest delivery made on a single day in Tamil Nadu. The deliveries comprised 70 units of Nexon SUVs and 31 Tigor sedans at an event held through Srilakshmi Auto Enterprises in Chennai. "It [...]
Mumbai, Apr 22 (PTI) State-owned Bank of Baroda on Friday said it has reduced interest rate on home loans to 6.50 per cent per annum from 6.75 per annum for a limited period. The new rates, which are linked to the borrower's credit profile, are applicable till June 30, 2022, the bank said in a [...]
New Delhi, Apr 22 (PTI) German firm SFC Energy and FC TecNrgy have inked a pact to enter into manufacturing of hydrogen and methanol fuel cells in India. The venture plans to set up a manufacturing unit, Research & Development and a repair centre in Gurugram, Haryana, a statement said. Further, they have also announced [...]
